Vallibel Finance’s asset base soars high to Rs.143bn, up 30%

Delivers strong earnings and superior asset quality

Vallibel Finance PLC sustained its robust upward trajectory in the first half of FY 25/26, delivering exceptional financial results and further consolidating its position among Sri Lanka’s top five financial institutions. 

The company reported a profit before tax (PBT) of Rs.2.7 billion for the period under review, reflecting a remarkable 50 percent increase compared to the corresponding period last year, while the net interest income recorded a substantial 30 percent growth to Rs.4.9 billion.

The company’s balance sheet and operational strengths remained evident, with its asset base expanding to Rs.143 billion a healthy 28 percent increase from Rs.112 billion a year earlier, driven by healthy portfolio growth and prudent risk management. 

Non-performing loans improved significantly, declining to 2.78 percent, from 5.19 percent, demonstrating stronger portfolio discipline and effective credit oversight.

This growth underscores improved asset quality, strengthened portfolio performance and disciplined cost management. It also reinforces the company’s milestone achievement earlier this year, when it became the fastest financial institution in Sri Lanka to surpass Rs.100 billion in assets within just 17 years of operations, a testament to its rapid and sustained expansion.

Vallibel Finance’s profitability continued to strengthen during the first half of FY 25/26, with profit after tax (PAT) recording solid double-digit growth. PAT reached Rs.2.6 billion for the period, up from Rs.2.1 billion in the previous year. This performance reflects the company’s sharp improvement in PBT, supported by higher net interest income, enhanced asset quality and continued operational efficiencies. The robust bottom-line growth highlights Vallibel Finance’s ongoing ability to translate topline performance into sustained shareholder value despite a challenging macroeconomic environment.

Return on equity rose to 21.77 percent, up from 16.87 percent in 2024, signalling enhanced profitability and efficient capital utilisation. These indicators firmly position Vallibel Finance among the best-performing institutions in the sector and reflect its resilient business fundamentals amid economic headwinds.

Source : Daily Mirror