Janashakthi Finance reports robust growth with 34% asset increase for FY 2024/25

Janashakthi Finance PLC (formerly known as Orient Finance PLC), an innovative and customer-focused non-banking financial institution and a subsidiary of JXG (Janashakthi Group), announced a strong financial performance for the financial year 2024/25, achieving notable growth across key indicators, despite the ongoing market challenges.

The company reported a 34 percent growth in total assets, reaching Rs.27.4 billion, underscoring the success of its strategic transformation and its continued commitment to delivering high-impact financial solutions to a growing customer base.

In a year marked by economic headwinds, Janashakthi Finance also recorded a 41 percent increase in loans and advances, growing from Rs.15.7 billion to Rs.22 billion, while deposits rose by 17 percent to Rs.16 billion. These results reflect growing customer confidence and the company’s strengthened market positioning.

Net profit for the year stood at Rs.371.80 million, marking a 6.68 percent increase, compared to Rs.348.52 million in the previous year. Meanwhile, focused recovery efforts led to a significant drop in impairment charges, down to Rs.90.7 million, from Rs.140.2 million, highlighting improved portfolio quality and operational discipline.

Janashakthi Finance Chairman Rajendra Theagarajah commented, “This year’s results are a clear indication of the impact of our transformation strategy and the strength of our fundamentals. As we evolve under the Janashakthi brand, we are creating meaningful value for customers while building a platform for long-term growth. Our focus remains on scaling our business responsibly and expanding access to innovative financial solutions across the country.”

Janashakthi Finance Director/CEO K.M.M. Jabir added, “Our growth in assets, lending and deposits reflects the trust our customers place in us and the dedication of our teams across Sri Lanka. This performance is a direct result of disciplined execution, technology-driven service delivery and sharper customer engagement. We will continue to build on this momentum, with a focus on sustainable expansion and operational excellence.”

With a renewed brand identity and a clear strategic roadmap, Janashakthi Finance PLC is poised to further strengthen its role as a key player in Sri Lanka’s financial services landscape.