PMF Finance 1Q PBT up 200% YoY to Rs. 188 m

Wednesday, 10 September 2025 04:36 - - {{hitsCtrl.values.hits}}

Chairman Chandula Abeywickrama

PMF Finance PLC yesterday announced a Profit Before Tax (PBT) of Rs. 188 million for the first quarter of the 2025/26 financial year, a 200% year-on-year increase from Rs. 60 million.

The company reported a Gross Income of Rs. 1.22 billion in the quarter, reflecting a 23% increase over the corresponding period last year.

Net Interest Income for the period stood at Rs. 680 million, up 63% year-on-year, supported by a prudent lending strategy and improved asset quality, the company said in a statement.

Profit After Tax (PAT) was Rs. 77.3 million, up from Rs. 40.6 million a year ago.

The company in a statement said: “This strong bottom-line performance was further reflected in the company’s growing contribution to national revenue, with tax payments for the quarter totalling Rs. 110 million, compared to Rs. 19 million in the corresponding period, a six-fold increase.”

Total assets of the company increased to Rs. 22.3 billion, with Loans and Receivables rising to Rs. 18.1 billion.

The deposit base remained stable at Rs. 14.2 billion, while the company’s Non-Performing Loan (NPL) ratio declined significantly to 6.95%, a marked improvement from the historically high levels recorded in previous years.

Shareholders’ Funds increased to Rs. 3.1 billion as at 30 June 2025, up from Rs. 2.9 billion recorded as at 31 March 2025, reflecting continued internal capital generation and business stability.

PMF Finance PLC Chairman Chandula Abeywickrama said: “The continued momentum in profitability and operational efficiency is a reflection of the strategic clarity and governance discipline we have embedded across the organisation. PMF is now seen as a credible financial partner, not only because of the numbers we deliver, but because of the values we uphold. We remain committed to delivering sustainable growth, customer-centric innovation, and long-term stakeholder value.”