Asia Asset Finance PLC reported strong financial growth for the year ended 31 March 2026, with Profit Before Income Tax rising by 203% year-on-year to Rs. 1.93 billion, supported by growth in profitability, assets, and lending operations.
The company’s total asset base expanded to Rs. 53.78 billion during FY2025/26, compared to Rs. 37.11 billion recorded in the previous financial year, reflecting growth in its loan portfolio.
Interest income increased by 52.6% to Rs. 9.11 billion, while Net Interest Income rose by 88.5% to Rs. 4.93 billion.
Asia Asset Finance said operating profit before VAT on financial services climbed by 196.3% to Rs. 2.77 billion during the year under review.
Net profit for the year reached Rs. 1.04 billion, marking a 135.4% increase from the previous year, while basic earnings per share improved to Rs. 8.36 from Rs. 3.55.
Commenting on the performance, Asia Asset Finance PLC Chief Executive Officer Rajiv Gunawardana said the results reflected the company’s business model, employee commitment, and customer trust.
“The exceptional performance delivered during FY2025/26 reflects the strength of our business model, the commitment of our people, and the trust placed in us by customers across Sri Lanka. Our focus has remained firmly on disciplined growth, responsible lending, operational excellence, and sustainable value creation,” he said.
Gunawardana added that the company planned to further strengthen its position as a financial services provider by expanding access to financial solutions while contributing to economic progress.
The company also reported strong fourth quarter results, with interest income for Q4 rising by 66.9% year-on-year to Rs. 2.84 billion, while Net Interest Income increased by 101.7% to Rs. 1.65 billion.
Net profit for the quarter stood at Rs. 358.1 million, compared to a net loss of Rs. 72.7 million in the corresponding quarter of FY2024/25.
Asset quality indicators also improved during the period. Net Non-Performing Accommodations improved to 2.37% from 6%, while Gross Non-Performing Accommodations declined to 6.04% from 12.53%.
The company’s Tier 1 Capital Adequacy Ratio stood at 24.57%, above statutory requirements, while its liquid asset ratio was reported at 137.91%.
Asia Asset Finance said it enters the new financial year with a 115-branch network, a Fitch A+ Stable rating, Great Place to Work certification, and the utilisation of Rs. 2 billion raised through debentures to expand its gold loan portfolio.
