PMF Finance records Rs.300mn PBT

PMF Finance PLC has reported strong financial results for the six-month period ended September 30, 2025, reflecting sustained growth, strengthened capital adequacy and improved asset quality.

• Company posted a profit before tax of Rs.300 million, compared to Rs.117 million in the previous year, reflecting a 157 percent increase.
• Net profit after tax: Rs.174 million for the six months ending September 30, 2025, up from Rs.110 million in the same period last year. 
• Total assets: Increased to Rs.23.4 billion, compared to Rs.19.0 billion as of September 30, 2024.

The company recorded an interest income of Rs.2.42 billion, a notable rise from Rs.1.87 billion during the corresponding period in 2024. After accounting for interest expenses of Rs.1.0 billion, the net interest income stood at Rs.1.42 billion, significantly higher than Rs.890 million in the previous year.

Other income for the period amounted to Rs.96 million. Operating expenses totalled Rs.894 million and impairment charges were Rs.198 million. As of September 30, 2025:

Total assets rose to Rs.23.4 billion, from Rs.19.0 billion in September 2024.

Loans and receivables increased to Rs.19.1 billion, from Rs.13.3 billion in September 2024.

Customer deposits grew to Rs.14.1 billion, from Rs.13.0 billion in September 2024.

The company continued to demonstrate capital strength with a Tier 1 and total capital adequacy ratio of 14.67 percent, exceeding regulatory requirements of 8.5 percent and 12.5 percent, respectively. The capital funds to deposit liabilities ratio stood at 22.73 percent, more than twice the minimum requirement of 10 percent.

Asset quality improvements were significant. The gross stage three loans ratio improved to 5.96 percent, from 10.9 percent, while the net stage three loans ratio improved to 3.92 percent, from 8.86 percent in September 2024. the stage three impairment coverage ratio increased to 37.19 percent, reflecting strengthened credit risk management and prudent provisioning for credit losses.

Chairman Malik Cader stated, “PMF Finance PLC is entering a promising phase of growth and these results demonstrate our financial resilience and strategic clarity. Our focus will continue to be on strengthening our core and building capacity for future diversification in the financial services landscape.”

Chief Operating Officer Ivon Brohier added, “Our performance this quarter clearly reflects disciplined financial management and strong execution of our strategic roadmap. We remain committed to enhancing operational excellence, expanding our customer base and creating long-term value for all stakeholders.”