Asia Asset Finance reports 128% PBT growth in 1Q

Friday, 22 August 2025 00:04 - - {{hitsCtrl.values.hits}}

Chairman V.A. Prasanth

CEO Rajiv Gunawardana

Asia Asset Finance PLC (AAF) said yesterday it reported a Profit before Tax (PBT) of Rs. 294.8 million in the first quarter of ending 30 June, up 123% from a year ago while Profit After Tax (PAT) grew 57% to Rs. 181 million.

“The significant growth in PBT demonstrates AAF’s ability to generate strong pre-tax earnings through revenue expansion and operational efficiency. Meanwhile, the healthy 57% rise in PAT reflects not only stronger operating performance but also effective management of operational costs and financing costs,” the company said in statement.

Building strong momentum across all its business segments, the company’s asset base reached Rs. 42 billion as it aims to cross the Rs. 50 billion mark in the near future.

“This milestone reflects not only financial strength but also the company’s strategic focus on expansion, innovation, and inclusivity in its services.”

AAF’s footprint continued to grow during the first quarter, with the opening of four new branches, strengthening its presence in key regions and ensuring greater accessibility for customers. This expansion is a clear demonstration of AAF’s commitment to financial inclusion, enabling individuals, families, and small businesses to access much-needed credit and investment products closer to where they live and work.

Reflecting on the strong start to the year, AAF CEO Rajiv Gunawardana said: “Our Q1 results are not just about the numbers – they reflect our strategy in action. We are expanding our reach, strengthening our portfolio, and positioning Asia Asset Finance to become a valued financial service provider for the people of Sri Lanka. As we look ahead, our focus remains clear: to continue delivering value to our customers and shareholders while contributing to Sri Lanka’s economic growth.”

The statement also said the first quarter of 2025 has set the tone for another year of growth and transformation for Asia Asset Finance. With a strong financial performance, ambitious expansion plans, and a clear trajectory towards the Rs. 50 billion asset milestone, the company is redefining its role in the financial services industry and solidifying its place as one of Sri Lanka’s most dynamic and forward-looking institutions.