Assetline Finance records strong 2024-25 year
View(s):Assetline Finance Ltd, under the financial services pillar of David Pieris Holdings (Pvt) Ltd, has delivered one of its strongest performances to date for the financial year ended March 31, 2025.
The company recorded a 14 per cent increase in interest income, reaching Rs. 11.3 billion, up from Rs. 9.9 billion the previous year. Net interest income surged by 30 per cent to Rs. 8.7 billion. Profit before tax rose by 96 per cent to Rs. 5.6 billion, while profit after tax more than doubled to Rs. 2.7 billion—a 111 per cent increase from the previous year, the company said in a media release.
Assetline Finance’s financial performance was matched by continued improvements in operational efficiency, disciplined risk management, and balance sheet strength. The company’s total assets increased by 40 per cent to Rs. 52.4 billion, while the lending portfolio grew by 46 per cent to Rs. 42.7 billion, reflecting strong credit demand and effective portfolio management.
One of the most notable operational achievements was the cost-to-income ratio, which improved to 36.76 per cent, placing Assetline Finance among the most efficient financial institutions in the industry. This improvement reflects strong cost control, increased automation, and a commitment to operational excellence.
Through a network of 59 branches across Sri Lanka, Assetline Finance continued to expand access to financial services in both urban centres and underserved rural areas.
Commenting on the year’s performance, Ashan Nissanka, Director and CEO of Assetline Finance, said: “Our strong financial results reflect the power of a purpose-driven strategy. At Assetline Finance, we go beyond numbers to make a tangible difference—empowering women, supporting SMEs, and enabling inclusive access to finance.”
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