PMF Finance ups nine-month PBT by 140% to Rs. 456.7 m

Monday, 2 February 2026 00:14 - - {{hitsCtrl.values.hits}}

Chairman Malik Cader

Gross income up 24.2% to Rs. 3.84 b
Net Interest Income grows by 46.5% to Rs. 2.17 b reflecting Improved lending margins and loan book expansion
Operating Profit Before Tax on financial services more than doubles to Rs. 660.6 m
Net profit up 39.4% to Rs. 190.8 m

PMF Finance PLC has reported a significant improvement in its financial performance for the nine months ended 31 December 2025, underscoring the company’s resilience and growth momentum in a challenging economic environment.

The company recorded a gross income of Rs. 3.84 billion, reflecting a 24% increase compared to the same period last year. Net interest income surged by nearly 47% to Rs. 2.17 billion, driven by strong loan growth and improved margins.

Operating Profit Before Tax on financial services more than doubled to Rs. 660.6 million, while profit before income tax rose sharply to Rs. 456.7 million, a 139% increase year-on-year. After accounting for income tax expenses, net profit stood at Rs. 266.1 million, up 39% from Rs. 190.8 million in 2024. Earnings per share improved to Rs. 0.66, compared to Rs. 0.47 in the previous year, reflecting stronger shareholder returns.

The company’s balance sheet also showed healthy expansion. Total assets grew to Rs. 23.08 billion, up 6.8% from March 2025, with loans and advances increasing by 13.4% to Rs. 19.47 billion. Equity strengthened to Rs. 3.31 billion, marking an 8.7% rise, while net asset value per share climbed to Rs. 8.17. PMF Finance maintained a debt-to-equity ratio of 5.74 times, slightly improved from 5.93, indicating prudent leverage management.

On the market front, PMF Finance’s share price reflected renewed investor confidence. The stock closed at Rs. 14.00 at the end of December 2025, nearly doubling from Rs. 7.90 a year earlier, with a high of Rs. 19.50 during the period.

Sterling Capital Investments Ltd., continued to hold a dominant 81.6% stake, while Peoples Bank and People’s Leasing & Finance PLC accounted for 8.3% and 2.4% respectively.

Public holding stood at 18.4%, with over 10,900 shareholders, meeting Colombo Stock Exchange requirements.

Chairman Malik Cader emphasised that the company’s performance reflects resilient growth in core lending operations, improved asset quality, and disciplined cost management. He further noted that these results are a testament to the dedication and commitment of PMF Finance’s staff, guided by the strategic direction of the new Board of Directors.

The Board, comprising Malik Cader (Chairman), Dinesh De Silva, Bandara Rekogama, Nemantha Abeysinghe, Sanjika Perera, Professor Dewasiri N. Jayantha, and Nalin Warnakula, has played a pivotal role in steering the company toward sustainable growth.

With strengthened capital and liquidity positions, PMF Finance PLC said it is well-positioned to pursue further expansion in 2026, reinforcing its role as a leading player in Sri Lanka’s financial services sector