People’s Leasing & Finance records stellar performance in FY 2025/26

• Profit after tax surges past Rs.5bn with over 50% YoY growth

Chairman Prof. Ajantha Samarakoon	CEO and GM Sanjeewa Bandaranayake

People’s Leasing & Finance PLC (PLC), Sri Lanka’s leading non-bank financial institution and flagship subsidiary of People’s Bank, has delivered one of its strongest financial performances to date for the financial year ended March 31, 2026, recording exceptional growth across profitability, assets, lending, deposits and shareholder value while further strengthening its position as one of the country’s most resilient and trusted financial institutions.

Reflecting the success of its growth-focused strategy and disciplined execution, the company reported a profit before tax of Rs.8.56 billion, representing a significant increase over the previous financial year, while profit after tax rose to Rs.5.08 billion, reflecting an impressive 41 percent year-on-year growth. The strong earnings performance was driven by robust business expansion, higher lending volumes, improved operational efficiency and sustained customer confidence.

The year also marked an unprecedented expansion of the company’s balance sheet. Total assets surged by more than 65 percent to Rs.321.23 billion, making People’s Leasing one of the fastest-growing financial institutions in Sri Lanka during the period. 

The loans and receivables portfolio expanded to Rs.275.74 billion, while customer deposits increased to Rs.165.45 billion.

Further reinforcing its operational excellence, gross income increased substantially to Rs.43.99 billion, while net interest income climbed to Rs.21.77 billion. The cost-to-income ratio improved to 51.16 percent, highlighting enhanced productivity, operational discipline and improved efficiency across the organisation.

The company’s financial fundamentals continued to strengthen during the year, with return on equity improving to 11.30 percent, earnings per share increasing to Rs.2.30 and the Shareholders’ Funds growing to Rs.47.53 billion, delivering greater value to the shareholders while maintaining capital adequacy ratios comfortably above the regulatory requirements.

Chairman Prof. Ajantha Samarakoon stated that the outstanding results reflect the company’s strategic vision, disciplined governance and unwavering commitment to sustainable value creation.

CEO and General Manager Sanjeewa Bandaranayake noted that the remarkable performance demonstrates People’s Leasing’s ability to transform opportunities into sustainable growth through customer-centric innovation, prudent financial management and operational excellence.