Abans Finance posts Rs. 317mn PAT in first half

Cecil Perera – Chairman

Upul Gunasekara -  Deputy CEO

Abans Finance PLC has been able to diversify its lending portfolio, to reduce its funding costs and improve collections to record the best ever first half (1H) performance in Net Income. The company carries a ‘A - (lka)’credit rating (investment grade) from Fitch Ratings.
It reported a strong Profit After Tax of Rs. 317.2 million for the first half ended 30 September 2025, marking a 111 percent year-on-year increase compared to Rs. 150.5 million recorded during the corresponding period in 2024.  The company’s first half performance reflects its continued ability to sustain growth, driven by robust portfolio expansion with competitive yields and disciplined cost management. This is further evidenced by a cost-to-income ratio of 45 percent, which served as a key contributor to the improved results. This has resulted in double the growth inEarnings Per Share (EPS). 
Net Interest Income of Abans Finance PLC increased to Rs. 1.41 billion as of September 2025, reflecting a 61 percent rise compared to the previous year. Profit Before Tax also recorded a significant improvement, reaching Rs. 529.3 million, which is an increase of 106 percent year-on-year.
As of 30 September 2025, the company’s total assets amounted to Rs. 15.99 billion, representing a 19 percent growth since March 2025. Total liabilities stood at Rs. 12.17 billion, while shareholders’ funds rose by 9 percent to Rs. 3.82 billion. Consequently, the Net Asset Value per share increased to Rs. 51.83, up from Rs. 47.53 reported in March 2025. Abans Finance continues to maintain a strong market presence with its network of 19 branches across the island, complemented by the convenience of over 400 Abans showrooms that support customers in repaying their leases. The company also plans to significantly expand its own branch network, thus enabling it to offer enhanced investment opportunities and improved access to credit facilities for clients.