Digital Mobility Solutions Lanka PLC, the parent company of Sri Lanka’s leading ride-hailing and delivery platform PickMe, has posted stellar financial results for the first quarter of the financial year 2025/26, showcasing strong growth across all key performance indicators.
The company recorded a consolidated revenue of Rs. 1.8 billion for Q1, marking a remarkable 50% increase compared to Rs. 1.2 billion in the same period last year. This surge in earnings was fuelled by a 43% year-on-year increase in platform volume, driven by a record number of monthly active users leveraging PickMe’s diverse mobility and delivery solutions.
Gross Transaction Value (GTV)—which represents the cumulative value of all trips and deliveries conducted via the platform—grew by 36%, climbing to Rs. 16.6 billion from Rs. 12.3 billion a year earlier. This increase in GTV reflects higher user engagement and increased transaction frequency on the platform.
PickMe’s relentless focus on operational efficiency paid off handsomely, as operating profit more than doubled—rising 106% to Rs. 602 million, compared to Rs. 292 million in Q1 of the previous year. This growth was attributed to higher volumes, greater economies of scale, and strategic cost-control measures, particularly within its IT infrastructure.
On a quarter-over-quarter basis, operating profit also saw a healthy 13% growth, indicating sustained momentum built on robust volume expansion and refined cost structures. Net profit soared to Rs. 437 million, a substantial 96% increase over the Rs. 223 million reported in the same period last year. Sequentially, net profit grew 16%, further underlining PickMe’s consistent performance.
In addition to financial performance, the company focused on strengthening its operational capabilities. Strategic investments were made to expand and stabilise the driver base, ensuring platform reliability and service continuity. As a result, both monthly active users and independent third-party drivers hit all-time highs during the quarter, reaffirming PickMe’s strong market presence and scalable growth potential.
Commenting on the results, PickMe Chairman Ajit Gunewardene stated, “Our Q1 results reflect the power of our platform and the soundness of our strategic direction. Strong user engagement and a growing network of independent drivers position us for continued, sustainable growth.”
Founder and CEO Jiffry Zulfer echoed the sentiment, noting, “The 106% jump in operating profit highlights our commitment to disciplined cost management and technological efficiency. Our focus on IT infrastructure optimisation continues to yield significant operational benefits.”
With a strong start to the financia
