CIC Holdings reports strong 1HFY27 performance with PAT up 16.7% to Rs. 3.79 bn

CIC Holdings PLC, a diversified conglomerate trading on the CSE under the ticker symbol CIC, disclosed robust financial results for the first half of the financial year 2026/27. The company reported a consolidated revenue of Rs. 42.91 billion, reflecting a modest 3.06% year-on-year increase. Underlying this growth were significant improvements in profitability, with Profit After Tax (PAT) surging by 16.72% to reach Rs. 3.79 billion, marking a substantial 16.72% year-on-year rise.

Notably, the company's performance defied industry trends, as Agri Solutions, typically a key revenue driver, saw its contribution shift from the second quarter to the third. Despite this, the broad spectrum of CIC's core business sectors exhibited exceptional results, with Industrial Solutions leading in top-line expansion, growing revenue by an impressive 34.91% to Rs.

5.43 billion. Livestock Solutions and Health & Personal Care also demonstrated strong growth, with revenue increases of 11.87% and 6.40% respectively, reaching Rs. 10.59 billion and Rs. 10.05 billion.

Profitability was equally impressive, with Operating Profit (EBIT) rising by 2.65% to Rs. 5.86 billion and Profit Before Tax (PBT) growing by 8.26% to Rs. 5.35 billion. This resilience was further underscored by the improved gross profit margin, which expanded to 27.25% from its previous level, indicating effective cost management and pricing strategies.

Agri Solutions, Livestock Solutions, and Health & Personal Care each recorded robust segmental profit increases of 30.86%, 10.02%, and 6.40% respectively, contributing significantly to the overall segment results of Rs. 5.60 billion, a 3.85% increase from the previous year.