Abans Finance doubles profit in 20th anniversary year

Chairman Cecil Perera

CEO Nirosha Madawala

• Records 101% PAT growth to Rs.857mn in FY 2025/26

Abans Finance PLC has reported another year of exceptional financial performance for the year ended March 31, 2026, reinforcing its position as one of Sri Lanka’s fastest-growing non-banking financial institutions. 

The company delivered strong growth across all key financial indicators, driven by portfolio expansion, operational efficiency and prudent risk management. 

Total income increased to Rs.4.67 billion, compared to Rs.3.46 billion in the previous financial year, representing a growth of approximately 35 percent. Interest income rose to Rs.4.21 billion, from Rs.3.03 billion, supported by a significant growth in lending activities and expansion of the company’s earning asset base. 

Net interest income grew by 47 percent to Rs.3.07 billion, compared to Rs.2.09 billion in the previous year, while total operating income increased to Rs.3.47 billion, from Rs.2.48 billion. 

Net operating income reached Rs.3.19 billion, reflecting the company’s continued focus on maintaining portfolio quality and enhancing operational performance. Operating profit before taxes on financial services increased to Rs.1.68 billion, a substantial 77 percent growth from Rs.951 million recorded in FY2024/25. 

Profit before taxation from operations rose to Rs.1.28 billion, compared to Rs.704 million in the previous year, while profit after tax reached Rs.857 million, recording a remarkable 101 percent growth over the previous year’s profit of Rs.426 million.

The company’s balance sheet strengthened significantly during the year. Total assets expanded to Rs.20.81 billion, representing a growth of 54 percent from Rs.13.48 billion recorded a year earlier. The lending portfolio continued its strong momentum, with loans and advances increasing to Rs.14.65 billion. 

Customer deposits grew to Rs.11.04 billion, compared to Rs.8.45 billion in the previous year, demonstrating the growing customer confidence in Abans Finance’s financial strength and service excellence. The shareholders’ funds increased to Rs.4.16 billion from Rs.3.50 billion, while retained earnings grew to Rs.2.40 billion, further strengthening the company’s capital position and supporting future growth initiatives.

CEO Nirosh Madawala stated, “The financial year 2025/26 marks a historic milestone for Abans Finance as we celebrate 20 years of growth and achievement. Delivering our strongest-ever financial performance is a testament to the confidence our customers place in us, the commitment of our employees and the strategic direction we have pursued over the years.”