People’s Leasing & Finance has reported one of its strongest annual performances for the financial year ended March 31, 2026, posting significant growth in profit before tax, assets, lending and deposits while reinforcing its position as one of Sri Lanka’s leading non-bank financial institutions.
People’s Leasing & Finance delivers robust earnings, asset and deposit growth
The company attributed the results to sustained business expansion, disciplined financial management and continued customer confidence, reflecting a year of strong financial performance across its core operations.
People’s Leasing & Finance, the flagship subsidiary of People’s Bank, recorded a profit before tax of Rs. 8.56 billion during FY2025/26. Profit after tax rose to Rs. 5.08 billion, representing an impressive 41 percent year-on-year increase, driven by higher lending volumes, improved operational efficiency and continued business growth.
The company also achieved remarkable balance sheet expansion during the year. Total assets surged by more than 65 percent to Rs. 321.23 billion, making it one of Sri Lanka’s fastest-growing financial institutions over the reporting period.
Its loans and receivables portfolio expanded to Rs. 275.74 billion, reflecting continued demand for financing solutions from businesses and individual customers. Customer deposits also recorded strong momentum, increasing to Rs. 165.45 billion, highlighting growing public confidence in the institution’s financial stability and long-term growth strategy.
Supporting the strong financial performance, gross income climbed to Rs. 43.99 billion, while net interest income increased to Rs. 21.77 billion. The company also improved operational efficiency, with its cost-to-income ratio declining to 51.16 percent, demonstrating tighter cost management and greater productivity across the organisation.
The company’s financial fundamentals strengthened further during the financial year. Return on equity improved to 11.30 percent, while earnings per share rose to Rs. 2.30. Shareholders’ funds increased to Rs. 47.53 billion, enhancing shareholder value while maintaining capital adequacy ratios comfortably above regulatory requirements.
Chairman Prof. Ajantha Samarakoon said the company’s strong results reflected its long-term strategic vision, disciplined corporate governance and commitment to delivering sustainable value to all stakeholders.
Chief Executive Officer and General Manager Sanjeewa Bandaranayake said the results demonstrated People’s Leasing & Finance’s ability to convert market opportunities into sustainable growth through customer-focused innovation, prudent financial management and operational excellence.
He noted that the company remains committed to strengthening its position in Sri Lanka’s non-bank financial sector by expanding customer-focused financial solutions while maintaining sound risk management practices and operational discipline.
The latest results reinforce People’s Leasing & Finance’s standing as one of the country’s most resilient financial institutions. Strong growth across profitability, assets, lending and deposits positions the company well for continued expansion as economic conditions improve and demand for financial services continues to recover.
With a strengthened balance sheet, improved operational metrics and sustained customer trust, the company enters the new financial year with solid momentum, aiming to build on its growth trajectory while continuing to deliver long-term value for customers, shareholders and the broader economy.