PickMe announced its financial results for the fiscal year ended 31 March 2025, reporting a Profit After Tax (PAT) of Rs. 1.17 billion, marking a 72% year-on-year increase. The Company also recorded its strongest quarterly performance to date, with accelerated growth across both revenue and profitability metrics.
Group revenue grew by 49% to Rs. 5.8 billion in FY2024/25, up from Rs. 3.9 billion in the previous year. Gross Transaction Value (GTV) rose by 47% to Rs. 57 billion, compared to Rs. 38.8 billion in FY2023/24. This topline performance was primarily driven by higher transaction volumes on the platform, reflecting deeper market penetration and increased user engagement.
Monthly unique users showed steady growth throughout the year, reaching an all-time high by year-end, a strong signal of sustained momentum heading into FY2025/26.
Profitability gains were supported by volume-led operating leverage and ongoing cost optimisation initiatives, particularly in IT infrastructure. The Group also reported a Return on Equity (ROE) of 54%, underscoring strong capital efficiency.
In FY2024/25, the Company deployed AI-driven forecasting tools, optimised smart dispatch algorithms, and introduced a revamped Passenger App, leading to a 11% reduction in consumer wait times, improved user satisfaction and stronger platform performance. The company invested over Rs. 1 billion in technology and intellectual property during the year and plans to continue this trajectory with further investments in the coming year.
The strong performance was underpinned by a 44% increase in total platform movements, improved user engagement, and continued regional expansion. During the year, PickMe extended its footprint to Jaffna, Rathnapura, Nuwara Eliya, Puttalam, and Anuradhapura, resulting in a higher regional volume contribution of 19%, up from 13% the previous year.
In alignment with its balanced dividend policy designed to retain capital for strategic investments while delivering value to shareholders, the Board has proposed a final dividend of Rs. 1.30 per share for the financial year 2024/25. This proposal is subject to shareholder approval at the upcoming Annual General Meeting. Including the interim dividend of Rs. 1.00 per share paid in November 2024, the total dividend for FY2024/25 amounts to Rs. 767 million, representing a 66% payout ratio.
“We are scaling our core infrastructure to improve compute efficiency, reduce cost per transaction, and enhance the responsiveness of our systems. These investments are vital to expanding our transaction capacity, unlocking new service verticals, and delivering seamless, high-performance experiences to users and platform partners alike,” said Jiffry Zulfer, CEO of PickMe.
Chairman of PickMe, Ajit Gunewardene said, “Listing has elevated our visibility and our responsibility. As a public company, we are now stewards of a broader ecosystem. We must deliver not only financial results but also lasting impact. Creating shareholder value, enhancing service quality, empowering partners, and contributing meaningfully to the national economy, these are now non-negotiables. This is a new era for PickMe, and we embrace it with clarity and purpose.”
