Vallibel Finance records pre-tax profit of Rs. 2.7 bn, 50% growth
View(s):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 sharp 50 per cent increase compared to the corresponding period last year, while Net Interest Income recorded a substantial 30 per cent growth to Rs. 4.9 billion, the company said in a media release.
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 company’s balance sheet and operational strengths remained evident, with its asset base expanding to Rs. 143 billion, a healthy 28 per cent increase from Rs. 112 billion a year earlier driven by healthy portfolio growth and prudent risk management. Non-Performing Loans (NPLs) improved significantly, declining to 2.78 per cent from 5.19 per cent, demonstrating stronger portfolio discipline and effective credit oversight.
A key driver of the company’s success is its ability to anticipate market shifts and introduce industry-first solutions. Vallibel Finance has pioneered innovative financial products that have gained strong customer traction and set new benchmarks in the industry. This innovative ethos extends across its digital transformation agenda, which focuses on elevating customer experience and optimising operational workflows through advanced technology.
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