📈 Building Value Through Diversification, Expansion, and Brand Strength 💰 Revenue grew 19% YoY to LKR 21.8bn (9M FY26), with PATMI up 20% YoY to LKR 2.9bn, supported by lower finance costs and strong contributions from insurance and financial services. 🌍 Strategic expansion & balance sheet strengthening: LKR 5bn IPO proceeds to fund acquisitions and overseas expansion, while reducing debt (~LKR 1bn), positioning JXG for long-term scalable growth. 🔄 Diversified business model: Exposure across Insurance (JINS), Financial Services (CFVF), and Finance (BFN) enhances earnings resilience and growth visibility. ⚖️ Near-term volatility manageable: Rising government security yields may weigh on investment income, although the diversified business model is expected to provide some resilience. 📊 Valuation & recommendation: •      IPO Price: LKR 10.00 •      Target Price: LKR 13.20 •      Upside: +32% 👉 Rating: SUBSCRIBE 🚀 Re-rating potential: Attractive entry at 1.4x PBV, with scope for multiple expansion supported by strong ROEs, acquisitions, and growth across segments. ⚠️ Key Risks: Interest rate hikes, weaker consumer demand, regulatory changes, and execution risks in expansion.