Friday Jun 19, 2026
Friday Jun 19, 2026
Friday, 19 June 2026 00:12 - - {{hitsCtrl.values.hits}}
Abans Finance PLC has reported another year of exceptional financial performance for the year ended 31 March 2026, reinforcing its position as one of Sri Lanka’s fastest-growing non-banking financial institutions. The Company delivered strong growth across all key financial indicators, driven by portfolio expansion, operational efficiency, and prudent risk management.
Total income increased to Rs. 4.67 billion, compared to Rs. 3.46 billion in the previous financial year, representing a growth of approximately 35%. Interest income rose to Rs. 4.21 billion from Rs. 3.03 billion, supported by significant growth in lending activities and expansion of the Company’s earning asset base. Net interest income grew by 47% to Rs. 3.07 billion, compared to Rs. 2.09 billion in the previous year, while total operating income increased to Rs. 3.47 billion from Rs. 2.48 billion. Net operating income reached Rs. 3.19 billion, reflecting the Company’s continued focus on maintaining portfolio quality and enhancing operational performance. Operating profit before taxes on financial services increased to Rs. 1.68 billion, a substantial 77% growth from Rs. 951 million recorded in FY2024/25. Profit before taxation from operations rose to Rs. 1.28 billion, compared to Rs. 704 million in the previous year, while profit after tax reached Rs. 857 million, recording a remarkable 101% growth over the previous year’s profit of Rs. 426 million.
The Company’s balance sheet strengthened significantly during the year. Total assets expanded to Rs. 20.81 billion, representing a growth of 54% from Rs. 13.48 billion recorded a year earlier. The lending portfolio continued its strong momentum, with loans and advances increasing to Rs. 14.65 billion. Customer deposits grew to Rs. 11.04 billion, compared to Rs. 8.45 billion in the previous year, demonstrating growing customer confidence in Abans Finance’s financial strength and service excellence. Shareholders’ funds increased to Rs. 4.16 billion from Rs. 3.50 billion, while retained earnings grew to Rs. 2.40 billion, further strengthening the Company’s capital position and supporting future growth initiatives.
Commenting on the results, Chief Executive Officer Nirosh Madawala stated: “The financial year 2025/26 marks a historic milestone for Abans Finance as we celebrate 20 years of growth and achievement. Delivering our strongest-ever financial performance is a testament to the confidence our customers place in us, the commitment of our employees, and the strategic direction we have pursued over the years. A key pillar of our success is the strength of the Abans Group. As part of one of Sri Lanka’s largest and most diversified business groups, we benefit from a powerful ecosystem built on decades of business leadership, financial stability, market reach, and trusted relationships. The Group’s extensive presence across multiple industries provides us with unique advantages, enabling us to scale confidently, strengthen our capabilities, and create greater value for customers and stakeholders. This strong foundation allows us to pursue growth with confidence while maintaining sound governance, prudent risk management, and a long-term vision for sustainable success.” He further emphasised that the Company’s success has been built upon a carefully balanced strategy of sustainable growth, prudent risk management, portfolio diversification, digital transformation, and customer-centric innovation.
The Company continued to strengthen its market position during the year by expanding its lending footprint across multiple sectors and regions while maintaining healthy liquidity and strong asset quality. Strategic investments in technology, process improvements, and customer experience initiatives further enhanced operational effectiveness and service delivery. Abans Finance’s investment-grade rating of A-(lka) with a Stable Outlook from Fitch Ratings Lanka Ltd., reflects the Company’s strong financial profile, prudent governance standards, and resilient business model. Looking ahead, Abans Finance is entering a new era of growth with a clear vision of becoming one of Sri Lanka’s most admired and trusted financial institutions. The Company plans to accelerate expansion across retail and business financing, deepen digital capabilities, broaden financial inclusion, and deliver innovative financial solutions that empower individuals, entrepreneurs, and businesses to achieve their aspirations. As Abans Finance commemorates twenty years of excellence, the Company remains firmly committed to creating sustainable value for customers, employees, shareholders, and the wider community while building on a proud legacy of trust, stability, innovation, and financial leadership. With record profitability, a strengthened balance sheet, growing market presence, and the enduring support of the Abans Group, Abans Finance is exceptionally positioned to capture the opportunities of the future and continue its journey of transformative growth.
