Sarvodaya Development Finance records Rs. 1,139mn profit

Sarvodaya Development Finance PLC (SDF) has announced a record-breaking financial performance for the fiscal year2024/25, underscoring its commitment to sustainable growth, rural development, inclusive finance, and agri-business empowerment. Surpassing several industry benchmarks, SDF’s achievement reflects a values-based business model calibrated for social impact, strategic clarity, and operational discipline—all in the context of a gradually stabilizing national economy.

In a year marked by macroeconomic recalibration and cautious optimism, SDF achieved its highest-ever profitability, with Profit Before Tax amplifying doubling to Rs. 1,139 million and Profit After Tax climbing 89.8 percent to Rs. 473.8 million.

Total Income stood at Rs. 4.37 billion (up 31.5 percent), Net Interest Income at Rs. 2.64 billion (up 48.3 percent), and Total Operating Income at Rs. 2.95 billion (up 47.2 percent). The cost-to-income ratio improved to 46.5 percent, down from 53.9 percent, and total assets surged to Rs. 22.5 billion (up 51.3 percent).

SDF’s Net Asset Value per Share rose to Rs. 26.36 from Rs. 23.87, reinforcing a track record of uninterrupted dividend declarations and deep-rooted financial governance.

‘’Looking ahead, SDF is in discussions with international impact investors to secure low-cost development finance and accelerate outreach through a new core banking system, digital micro- lending tools, and modular product innovation. As the institution continues to scale, it does so with humility and resolve —honouring the legacy of the late Dr.A.T. Ariyaratne, whose vision remains a guiding light in its mission to build a truly people-powered, inclusive finance Ecosystem,’’ Chairman Channa de Silva stated.

Commenting on the year’s achievements, Nilantha Jayanetti, CEO of SDF stated, “Our performance this year is not merely a numerical success—it is a validation of our purpose, our people, and our philosophy. In navigating an evolving economic environment, we stayed true to our core mission of empowering underserved communities through inclusive, ethical finance. Every milestone reflects the resilience of our team, the trust of our stakeholders, and the strength of our development-focused model.”