hSenidBiz delivers major FY2026 turnaround with USD 5.5mn ARR

hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the fourth quarter and full year ended 31 March 2026, delivering a significant turnaround in operational profitability, materially improving earnings quality, and achieving a key strategic milestone.

In the fourth quarter, total revenue reached LKR 522.2 million, up 5% year-on-year (YoY). The PeoplesHR Cloud segment delivered LKR 380 million, representing 20 percent YoY growth in LKR terms and 12% growth in USD constant currency terms, with subscription revenues comprising 87 percent of segment revenue. New deal closures recovered strongly to USD 843,395. The Company sustained profitability at the Profit Before Tax (PBT) level with LKR 7 million and a normalized EBITDA margin of 11%, while continuing to generate positive free cash flow.

For the full year, the Company delivered a substantial financial turnaround. Revenue grew 13 percent YoY to LKR 2.1 billion. Normalized EBITDA turned positive at LKR 200 million, with the margin expanding 17 percentage points to 10%. Profit Before Tax improved by LKR 313 million year-on-year, significantly reducing the loss from LKR 321 million in FY2025 to LKR 8 million.

Dinesh Saparamadu, Founder and Chairman of hSenidBiz, commented: “FY2026 marks a clear inflection point for hSenidBiz. We have materially strengthened the quality and predictability of our revenue base while delivering meaningful operating leverage. These outcomes validate the scalability of our SaaS-led model and position the Company well for the next phase of disciplined, high-quality growth.

Sampath Jayasundara, Chief Executive Officer, added: “The operational momentum achieved in FY2026 provides a strong foundation as we enter the next phase of growth. Our priorities for FY2027 are to accelerate customer acquisition in key markets, drive execution excellence across the sales organisation, and rapidly advance our AI-driven capabilities, particularly through Lexi Insights to deliver even greater value to enterprise customers across our markets.”

During the quarter, hSenidBiz strengthened its product roadmap with the launch of Lexi Insights, an AI-powered analytics capability designed to deliver predictive workforce intelligence and strategic insights for C-suite decision-making.