CDB delivers record-breaking results for FY 2024/25

Alastair Corera – Chairman

Mahesh Nanayakkara - MD

Citizens Development Business Finance PLC (CDB) has announced a historic performance for FY 2024/25, delivering record-breaking results and reinforcing its strategic ascendancy as a key contributor to Sri Lanka’s economic revival and inclusive development. 

As the nation emerges from crisis into resurgence, CDB has demonstrated not only resilience, but leadership, translating macro-recovery into transformative, real-economy impact.

With Profit After Tax surging to Rs. 4 billion (up 59 percent) and Profit Before Taxes at Rs. 7.9 billion (up 72 percent), CDB’s performance signals strategic precision in execution and market foresight. Total assets surged past the Rs. 150 billion mark to Rs. 156.9 billion, while net interest income grew 25 billion to Rs. 11.4 billion. 

This performance enabled the Board to declare a total cash dividend of Rs. 15 per share (including an interim dividend of Rs. 5 per share), reinforcing a track record of superior shareholder value creation.

CDB’s lending portfolio expanded by 29 percent year-on-year to Rs. 110.9 billion, with a 62 percent growth in approvals and disbursements underscoring its role as a key credit mobilizer to Micro, Small and Medium Enterprises (MSMEs). CDB accounted for a significant 8 percent share of finance company lending to the private sector in 2024 affirming its role as a financial catalyst in grassroots economic recovery.

CDB’s strategic capital strength remains formidable: Tier I and Tier II capital ratios at 14.47 percent and 18.09 percent respectively, well above regulatory thresholds, a robust ROE of 18.15 percent and liquidity maintained at 19.52 percent. 

The company’s deepened funding mix, supported by a 19 percent rise in deposits and reinforced by strong institutional partnerships both local and foreign, positions it to confidently scale its asset base in a competitive financial landscape.

CDB continued its growing support to the National economy and communities through its CSR projects, and further to the environment and the government coffers where this year’s contribution by way of direct taxes was Rs. 3.9 billion including other taxes collected Rs. 5.1 billion.