Asia Asset Finance PLC has delivered an outstanding financial performance for the year ended 31st March 2026, recording strong growth across profitability, asset base, gross income, asset quality, capital strength, and strategic expansion. The results reflect the company’s disciplined approach to quality lending, operational efficiency, prudent risk management, and its continued commitment to building long-term value for customers, shareholders, employees, and communities across Sri Lanka.

During the year under review, the company’s total asset base reached LKR 53.78 billion, compared to LKR 37.11 billion in the previous year, reflecting a significant expansion of its balance sheet through disciplined growth in the loan portfolio. Interest Income for the year increased by 52.6% to LKR 9,114.7 million, while Net Interest Income grew by an impressive 88.5% to LKR 4,934.6 million, demonstrating the company’s ability to maintain healthy spreads and generate strong income from its expanding business operations.

Profitability showed exceptional improvement, with Operating Profit before VAT on Financial Services increasing by 196.3% to LKR 2,772.3 million. Profit Before Income Tax rose by 203.0% to LKR 1,926.1 million, while Net Profit for the year reached LKR 1,038.4 million, recording a strong 135.4% year-on-year growth. Basic Earnings Per Share also improved to Rs. 8.36, compared to Rs. 3.55 in the previous year.

Commenting on the performance, Mr. Rajiv Gunawardana, Chief Executive Officer of Asia Asset Finance PLC, stated:

“The exceptional performance delivered during FY2025/26 reflects the strength of our business model, the commitment of our people, and the trust placed in us by customers across Sri Lanka. Our focus has remained firmly on disciplined growth, responsible lending, operational excellence, and sustainable value creation. As we move forward, Asia Asset Finance will continue to strengthen its position as a trusted financial partner, expanding access to practical financial solutions while contributing meaningfully to the country’s economic progress.”

The fourth quarter further strengthened the company’s growth story. Interest Income for Q4 reached LKR 2,841.0 million, a 66.9% increase year-on-year, while Net Interest Income rose by 101.7% to LKR 1,654.6 million. Net Profit for the quarter stood at LKR 358.1 million, compared to a net loss of LKR 72.7 million in Q4 FY2024/25, highlighting the company’s strong recovery and operational momentum.

Asia Asset Finance also recorded a notable improvement in asset quality. Net Non-Performing Accommodations improved to 2.37% from 6.00%, while Gross Non-Performing Accommodations improved to 6.04% from 12.53%. The company’s Tier 1 Capital Adequacy Ratio stood at 24.57%, well above the statutory requirement, while its liquid asset ratio remained strong at 137.91%.

With a 115-branch network, a continued Fitch A+ Stable rating, Great Place to Work certification, and the full utilisation of LKR 2 billion debenture proceeds to expand its gold loan portfolio, Asia Asset Finance PLC enters the new financial year with confidence, resilience, and strategic clarity.