In a powerful demonstration of strategic renewal, SLT-MOBITEL has reported a turnaround in its financial performance for the first quarter of 2025, posting a Group Profit After Tax (PAT) of Rs. 2,001 million, a leap from Rs. 156 million in Q1 2024.
This performance not only underscores the company’s operational resilience but also reaffirms its role as a national asset driving Sri Lanka’s digital future.
“This is more than a financial milestone — it is a reaffirmation of our role as a resilient and indispensable pillar of Sri Lanka’s digital future,” said Dr. Mothilal de Silva, Chairman of SLT-MOBITEL.
The Group’s resurgence was underpinned by strong contributions from both of its core business units.
SLT PLC achieved a 369.9% increase in PAT to Rs. 1,344 million, supported by a 380% surge in PBT and a 60.3% rise in operating profit, driven by revenue growth in the enterprise, SME, and broadband segments, as well as reflecting disciplined cost management and operational efficiency.
Meanwhile, Mobitel (SLT-MOBITEL Mobile) emerged as a standout performer, reporting Rs. 11.8 billion in revenue, driven by surging demand for mobile data services. Its EBITDA rose by 28.5%, with a 30% EBITDA margin, and operating profit surged by 392%, marking a turnaround from a net loss in Q1 2024 to a net profit of Rs. 477 million.
SLT-MOBITEL Mobile’s recognition as Sri Lanka’s fastest 4G network for 2024 by Ookla® further cemented its leadership in mobile connectivity.
Once marked for divestment, SLT-MOBITEL now stands revitalized — repositioned at the heart of the country’s digital transformation agenda and safeguarded by the Government as a vital national asset. The company’s resurgence is a model of how strategic leadership, operational discipline, and stakeholder alignment can deliver tangible national value.
The Group’s success is the result of a deeply collaborative effort across its ecosystem.
At its operational core are SLT-MOBITEL’s employees—engineers, technicians, customer service teams, and support staff—who have embraced transformation with agility and purpose.
Their ability to adapt to new technologies and maintain service continuity has been instrumental in delivering consistent customer experiences. From expanding broadband access to supporting enterprise clients, their contributions have been foundational to the Group’s growth.
The Board of Directors has played a pivotal role in steering the company through this transformation.
With a focus on long-term sustainability, the Board has championed reforms, prioritised digital infrastructure investment, and ensured that the company’s growth aligns with national priorities. Their strategic oversight has enabled the Group to pursue innovation while maintaining financial discipline.
