LOLC Finance reports Rs. 14 b 1H PAT

Wednesday, 12 November 2025 02:48 - - {{hitsCtrl.values.hits}}

Profit After Tax up sharply by 72%
Gross lending portfolio increases 18% to Rs. 360 b

Chairman Conrad Dias

CEO/ Director Krishan Thilakaratne

LOLC Finance PLC said yesterday it has delivered a strong performance for the six months ended 30 September 2025, reflecting steady growth across key business lines and improved profitability amid a competitive operating environment.

LOLC Finance ended the period under review with a strong Profit After Tax (PAT) of Rs.14 billion, marking a 72% year-on-year growth from Rs. 8.1 billion in the corresponding period of the previous year.

The strong earnings performance was underpinned by higher net interest income, effective cost management, and a significant reduction in impairment charges, the company said.

Gross lending portfolio expanded to Rs. 360.2 billion, an 18% growth, while customer deposits grew by 6% to Rs. 238.6 billion, reflecting its strong brand affinity and lending momentum. Total assets rose by 8% to Rs. 466.3 billion, demonstrating a solid balance sheet growth and market confidence.

LOLC Finance’s exceptional half-year performance is underpinned by its strong digitalisation drive and resilient, diversified business model.

The company continues to advance financial inclusion across Sri Lanka by empowering individuals and businesses through SME, Personal finance, agriculture, Islamic finance, working capital, and vehicle financing key sectors of the national economy.

With a commanding share of the NBFI sector, accounting for 36.3% of industry profits, 30.3% of equity, and 20.6% of assets, LOLC Finance stands as a true financial powerhouse driving inclusive growth.

At the core of this success is its commitment to building a seamless, cashless financial ecosystem powered by automation, AI, data analytics, and secure digital platforms.

From loan approvals to disbursements, collections, and deposits, the company has redefined customer engagement through convenience and accessibility.

Further solidifying its market strength, Lanka Rating Agency upgraded LOLC Finance’s entity rating to A+ (Stable), reflecting its robust financial position and strong governance framework.

With a strong asset base, robust risk management, and a dynamic digital strategy, LOLC Finance is well-positioned to drive sustainable growth and long-term stakeholder value.