Tuesday Aug 25, 2026
Tuesday Aug 25, 2026
Tuesday, 25 August 2026 05:07 - - {{hitsCtrl.values.hits}}
Chairman Ajit Gunewardene, CEO Jayathilake Bandara
Fintrex Finance PLC delivered a robust start to the 2026/27 financial year, more than doubling its profit after tax (PAT) to Rs. 209.93 million for the three months ended 30 June 2026. This represented a year-on-year increase of 104% from Rs. 103 million reported in the corresponding quarter of the previous year. Profit before tax (PBT) increased by 102% to Rs. 340.59 million.
The performance was supported by strong growth across the Company’s principal income streams. Gross income rose by 57% to Rs. 2.05 billion, while interest income increased by 50% to Rs. 1.70 billion. Net interest income advanced by 55% to Rs. 961.95 million, reflecting the continued expansion of the lending portfolio and improved earnings momentum.
Net fee and commission income more than doubled to Rs. 334.77 million, contributing to a 65% increase in total operating income, which reached Rs. 1.31 billion during the quarter.
The significant improvement in earnings was achieved despite a 43% increase in impairment charges on loans and receivables to Rs. 278.73 million. After absorbing these higher provisions, net operating income rose by 72% to Rs. 1.03 billion, while operating profit before taxes on financial services increased by 89% to Rs. 463.48 million.
Fintrex also maintained strong balance-sheet growth during the quarter. Total assets increased by 9% to Rs. 34.45 billion as at 30 June 2026, compared with Rs. 31.50 billion as at 31 March 2026. Combined loans and lease receivables expanded by 7% during the three-month period to Rs. 30.37 billion.
Total equity grew by 5% to Rs. 4.59 billion, while net assets per share improved to Rs. 16.01 from Rs. 15.28 at the beginning of the financial year.
Commenting on the results, Chairman Ajit Gunewardene said: “These results mark an encouraging start to the financial year and reflect the progress Fintrex continues to make in building a stronger and more resilient financial institution. The Board remains committed to ensuring that the Company’s growth is anchored in sound governance, prudent risk management and a strong foundation of capital. We are confident that Fintrex is well positioned to build on this momentum and create sustainable long-term value for its customers, depositors, shareholders and the wider economy.”
CEO Jayathilake Bandara said: “Our first-quarter performance reflects the disciplined execution of our growth strategy and our ability to translate business momentum into stronger earnings. More than doubling of profit after tax, supported by robust growth in net interest income and fee-based income, demonstrates the resilience of our business model. Importantly, this performance was delivered after absorbing higher impairment provisions as the portfolio expanded.”
“We will continue to pursue growth with discipline, maintaining a strong focus on asset quality, funding resilience, operational efficiency and technology-enabled customer service. Our priority is to deliver sustainable and responsible growth while creating lasting value for all our stakeholders,” he added.
Building on this strong first-quarter performance, Fintrex will remain focused on prudent portfolio expansion, strengthened risk management, greater productivity and customer-centric innovation as it advances its growth journey during FY2026/27.
Board of Directors
Ajit Gunewardene (Chairman); Ronnie Peiris (Retired w.e.f.29.06.2026); Shantanu Nagpal; Ahamed Sabry Ibrahim; Shrihan B. Perera; Nilam Jayasinghe; Jayashantha De Fonseka; Indrajit Wickramasinghe; Darshan Perera; Nirodha S. Kalansooriya; and Udesh Gunawardena.
Financial information: Unaudited interim financial statements for the quarter ended 30 June 2026.
Key performance highlights
