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.
A Collective Effort Behind the Numbers
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, prioritized 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.
SLT-MOBITEL’s technology partners have also been key enablers of this success.
Collaborations with global and local innovators have accelerated the deployment of AI-driven solutions, cloud platforms, and next-generation connectivity.
These partnerships have allowed the company to stay ahead of the curve and deliver on its promise of world-class digital services.
At the centre of this ecosystem are the customers—millions of Sri Lankans who continue to place their trust in SLT-MOBITEL.
Their loyalty and feedback have helped shape the company’s service evolution, from mobile data to enterprise connectivity.
“This success belongs to all of us,” Dr. de Silva emphasized.
“To our employees who give their all every day, to our Board whose vision guides us, to our technology partners who empower us, and to our customers who believe in us—thank you.
Your collective strength is what fuels SLT-MOBITEL’s journey forward.”
Looking Ahead: Innovation with Purpose
With Q1 laying a strong foundation, SLT-MOBITEL is now accelerating its investment in transformative technologies.
The Group is expanding its Fibre and 5G infrastructure, deploying AI-driven customer solutions, and exploring new digital services to meet evolving customer needs.
“Sri Lanka deserves nothing less than world-class connectivity,” Dr. de Silva affirmed.
“We are building a future where SLT-MOBITEL stands tall—not just as a telecom provider, but as a symbol of national progress.”
As the company looks ahead, its message is clear: SLT-MOBITEL is not just recovering—it is redefining its future, with purpose, performance, and people at the core of its journey.
Photo Caption Dr. Mothilal de Silva, Chairman of SLT-MOBITEL