People’s Leasing and Finance records stellar performance in FY 25/26

• PAT surges past Rs. 5 b mark with over 50% YoY growth; assets up 65% to Rs. 321.23 b

People’s Leasing and Finance PLC (PLC), has delivered one of its strongest financial performances to date for the financial year ended 31 March 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 (PBT) of Rs. 8.56 billion, representing a significant increase over the previous financial year, while Profit After Tax (PAT) rose to Rs. 5.08 billion, reflecting an impressive 41% 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% 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, demonstrating growing public confidence in the Company’s financial strength, service excellence and long-term stability.

Further reinforcing its operational excellence, Gross Income increased substantially to Rs. 43.99 billion, while Net Interest Income climbed to Rs. 21.77 billion, reflecting the Company’s ability to capitalise on market opportunities while maintaining prudent risk management practices. At the same time, the Cost-to-Income Ratio improved to 51.16%, 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 (ROE) improving to 11.30%, Earnings Per Share (EPS) increasing to Rs. 2.30, and Shareholders’ Funds growing to Rs. 47.53 billion, delivering greater value to shareholders while maintaining capital adequacy ratios comfortably above regulatory requirements.

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

Chief Executive Officer/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. He emphasised that the Company remains committed to expanding financial inclusion, strengthening digital capabilities and delivering long-term value to customers, shareholders and the nation.

Building on this exceptional performance, People’s Leasing and Finance PLC is well positioned to accelerate its growth trajectory, supported by a strong capital base, expanding customer portfolio, continuous digital transformation and diversified financial services ecosystem. As Sri Lanka’s economy continues its recovery, the Company remains committed to empowering individuals and businesses through innovative financial solutions while contributing meaningfully to the country’s economic development and reinforcing its position as a benchmark institution within the non-bank financial services sector.

Further demonstrating its commitment to innovation, transparency and stakeholder engagement, People’s Leasing’s FY2025/26 Annual Report introduces a next-generation AI-powered reporting experience that sets a new benchmark in corporate reporting. Building on last year’s pioneering digital initiatives, the report now features WhatsApp-based access, AI-powered video and text chatbots, dynamic financial data visualisations, interactive QR codes, and multilingual video summaries in Sinhala, Tamil, and English. Demonstrating its commitment to inclusivity, the Company has also introduced sign language-enabled content and a specially developed Braille Report for visually impaired stakeholders. Further enhancing transparency, the report fully complies with the newly adopted SLFRS S1 and SLFRS S2 sustainability disclosure standards, reaffirming People’s Leasing’s commitment to best-in-class corporate governance and sustainability reporting.

People’s Leasing and Finance PLC, with its six subsidiaries, including People’s Leasing Fleet Management Ltd., People’s Micro Commerce Ltd., People’s Insurance PLC, People’s Leasing Property Development Ltd., People’s Leasing Havelock Properties Ltd., and Alliance Finance PLC, Bangladesh, continues to strengthen its diversified financial services portfolio while reinforcing its leadership within the financial services sector.

With a resilient balance sheet, strong capital position, expanding digital capabilities and an unwavering focus on customer-centric innovation, People’s Leasing and Finance PLC is well positioned to sustain its growth momentum and continue creating long-term value for customers, shareholders and the national economy while driving the future of Sri Lanka’s non-bank financial services industry.