Asia Asset Finance PLC has recorded an exceptional financial performance for the financial year ended March 31, 2026, with Profit Before Tax (PBT) surging by 203% to reach LKR 1.93 billion. This growth was mirrored in the company’s net profit, which climbed 135.4% to LKR 1.04 billion, while total assets expanded significantly to LKR 53.78 billion. The company’s ability to maintain healthy spreads is evident in its Net Interest Income, which saw an impressive 88.5% year-on-year increase, reaching LKR 4.93 billion.
The company also achieved a remarkable turnaround in asset quality and operational momentum during the fourth quarter. Net Non-Performing Accommodations (NPA) improved drastically from 6.00% to 2.37%, while the fourth quarter alone delivered a net profit of LKR 358.1 million, recovering from a loss in the same period last year. Backed by a strong Tier 1 Capital Adequacy Ratio of 24.57% and a liquid asset ratio of 137.91%, Asia Asset Finance remains well-capitalized and resilient against market fluctuations.
CEO Mr. Rajiv Gunawardana attributed this success to a disciplined approach to quality lending, operational excellence, and the strategic expansion of their 115-branch network. Supported by a Fitch A+ (lka) Stable rating and the successful utilization of a LKR 2 billion debenture to bolster its gold loan portfolio, the company is positioned for sustainable value creation and continued contribution to Sri Lanka’s economic progress in the coming year.
