Fintrex Finance powers ahead in FY 2024/25 with strategic growth and innovation

Fintrex Finance PLC has delivered a landmark performance for the financial year 2024/25, reflecting strong financial fundamentals, strategic agility, and digital innovation. Under the theme “Smart Finance, Smarter Future,” the company’s audited financials showcase a year of disciplined growth, positioning Fintrex as a trusted and forward-thinking financial partner in Sri Lanka.

Strong growth in assets and deposits

Total assets grew by 44% to Rs. 21.7 billion, driven by a strategic expansion in leasing and loan portfolios, which rose 46% to Rs. 19.25 billion. Customer deposits increased by 55% to Rs. 9.74 billion, underscoring rising public confidence and placing Fintrex among the top-performing licensed finance companies in the country.

Strategic focus on high-yield lending

The company’s performance was underpinned by a deliberate shift toward high-yield, secured lending segments, including gold-backed loans, SME financing, mobile financing, and micro leasing. This strategy helped reduce exposure to volatile segments and build a more balanced and resilient portfolio, supporting sustainable growth and improved risk-adjusted returns.

Profitability and efficiency

Profitability remained strong, with net interest income rising 71% to Rs. 1.74 billion, aided by disciplined cost-of-funds management. Fee and commission income more than doubled to Rs. 224 million, and other operating income added Rs. 32 million. Despite a prudent impairment charge of Rs. 272 million, net operating income rose 32% to Rs. 1.73 billion. Focused cost management resulted in a 67% increase in net profit to Rs. 184 million. 

Credit rating upgrade by Fitch

In a significant recognition, Fitch Ratings upgraded Fintrex’s credit rating from B+ to BB, citing a strong capital base, improved credit profile, and sound governance. This double upgrade strengthens Fintrex’s position in capital markets, allowing it to attract institutional investors and secure funding on competitive terms.

A capital market milestone

Fintrex made history with the launch of Sri Lanka’s first high-yield bond, raising Rs. 1 billion in Tier II capital. This pioneering initiative boosted the company’s total capital ratio to 18.32%, well above the regulatory minimum. The bond issuance also marked a significant step in deepening the local capital market and reflected Fintrex’s leadership in financial structuring and innovation.

Liquidity and financial discipline

Fintrex maintained a strong liquidity position, supported by diversified funding sources, steady deposit inflows, and prudent cash flow management. Strategic borrowings added flexibility to capture market opportunities, ensuring business continuity and resilience in a dynamic environment.

Digital advancements

Continuing its digital journey, Fintrex enhanced customer experience through digitised loan processing, deposit management, and integrated engagement platforms. A key highlight is the upcoming Fintrex Mobile App, set for launch in August 2025, offering micro-loans, vehicle financing, and gold-backed credit through mobile devices. The app will feature AI-driven credit scoring, biometric authentication, e-KYC, and real-time fund disbursement, reinforcing the company’s commitment to financial inclusion and accessibility.

Commitment to transparency

Fintrex’s audited financial statements and annual report for FY 2024/25 are now available on its official website and the Colombo Stock Exchange. Stakeholders are encouraged to review the report for detailed insights into the company’s performance and strategic direction.

www.fintrexfinance.com

www.cse.lk

Looking ahead

Fintrex remains focused on secured lending, digital transformation, and customer-centric service delivery. With a solid capital base, upgraded credit rating, and a culture of innovation, the company is well-positioned to scale sustainably and contribute meaningfully to Sri Lanka’s financial sector. 

Fintrex finance board – Ajit Gunewardene (Chairman), Ronnie Peiris, Shantanu Nagpal, Sabry Ibrahim, Shrihan B. Perera, Nilam Jayasinghe, Indrajith Wickramasinghe, JFR De Fonseka.