Sarvodaya Development Finance PLC (SDF) delivered a strong financial performance for the year ended 31 March 2026, reporting robust growth in income, profitability, portfolio expansion, and asset quality while reaffirming its commitment to responsible and inclusive finance.
For the financial year under review, total income rose 46.8% year-on-year to LKR 6.42 billion, while interest income increased 43.8% to LKR 5.85 billion, driven by business expansion and growth in earning assets. Net Interest Income climbed 35.4% to LKR 3.58 billion, and Total Operating Income grew 40.8% to LKR 4.15 billion, reflecting the company's ability to generate sustainable earnings.
SDF also recorded a significant improvement in profitability. Operating Profit before Tax on Financial Services increased 59.9% to LKR 1.82 billion, while Profit Before Tax rose 63.8% to LKR 1.36 billion. Profit for the year surged 73.1% to LKR 820.1 million, compared with LKR 473.8 million in the previous financial year. Earnings per share also improved to LKR 5.48, highlighting enhanced value creation for shareholders.
The company's balance sheet expanded considerably during the year, with total assets increasing 65.8% to LKR 37.37 billion as at 31 March 2026. Financial assets measured at amortised cost, including loans and receivables, grew 67.2% to LKR 20.60 billion, while lease rental receivables increased 34.0% to LKR 9.19 billion. SDF further strengthened its funding base through debt securities, including Sustainable Bonds, amounting to LKR 2.09 billion.
Commenting on the results, Chief Executive Officer Nilantha Jayanetti said:
"The results achieved during FY2025/26 reflect the strength of our business model, disciplined growth strategy, and commitment to delivering responsible financial solutions. We remain focused on creating sustainable value while supporting communities and enterprises across Sri Lanka."
SDF maintained a strong capital position throughout the year, recording a Tier 1 Capital Adequacy Ratio of 15.48% and a Total Capital Adequacy Ratio of 22.13%, both comfortably exceeding regulatory requirements.
The company also reported improvements in asset quality, with the Gross Stage 3 Loans Ratio declining to 4.93% from 7.88%, while the Net Stage 3 Loans Ratio improved to 2.94% from 5.70%. The Stage 3 Impairment Coverage Ratio strengthened to 42.60%, reflecting prudent risk management and improved portfolio quality.
Operational performance also improved, with the Cost-to-Income Ratio declining to 42.99%, while Return on Equity (ROE) increased to 19.60%. Reflecting its strengthened financial position, SDF's external credit rating was upgraded to Lanka Ratings (SL) BBB- (Stable).
With a network of 56 branches across the country, Sarvodaya Development Finance continues to advance financial inclusion, support sustainable enterprise development, and contribute to Sri Lanka's long-term socio-economic progress through responsible finance.
Sri Lanka Insurance General celebrates excellence at ‘Together We Rise’ General Insurance Summit 2025
Sri Lanka Insurance Corporation General Limited (SLICGL), the nation’s leading general insurer, celebrated the achievements of its top-performing teams and individuals at the General Insurance Summit 2025, held under the theme "Together We Rise." The annual event reaffirmed the company's commitment to recognising excellence, fostering innovation, and driving sustainable growth across its general insurance business.
The two-day residential summit, held on 12 and 13 June 2026 at the Araliya Beach Resort & Spa, Unawatuna, brought together high-performing sales officers, branch and regional managers, and corporate line winners from across Sri Lanka. The event served as a platform for recognising outstanding performance, promoting professional development, and strengthening teamwork while reinforcing SLICGL's people-centric, performance-driven culture.
The summit commenced with the presentation of awards to the winners of the GI Summit Sales Competition, recognising their exceptional contribution to exceeding revenue targets and driving the growth of the company's general insurance portfolio.
As part of its commitment to employee well-being, SLICGL also conducted a dedicated session on holistic wellness, stress management, and maintaining a healthy work-life balance. The workshop provided participants with practical strategies to improve physical, mental, and emotional well-being while enhancing workplace productivity and overall quality of life.
The programme also featured recreational activities and team-building sessions, providing participants with opportunities to strengthen professional relationships, collaborate across regions, and build stronger team spirit in an informal setting.
A highlight of the summit was the much-anticipated themed gala evening, which featured performances by some of Sri Lanka's leading entertainers and special guest artists, bringing the two-day event to a memorable close.
During the summit, 200 outstanding sales officers were recognised from SLICGL's network of more than 3,000 sales professionals for their exceptional sales performance and commitment to customer service. Branch and regional managers were honoured for their strategic leadership and operational excellence, while high-performing employees from the Head Office and Corporate Business channels were recognised for their valuable contributions to the company's continued growth.
Marketing Executives from the FBD channel received awards for their achievements in sales performance, customer engagement, and business development, while team members from the Non-FBD channel were recognised for their success in expanding business opportunities, strengthening customer relationships, and contributing to the company's overall performance.
Through initiatives such as the General Insurance Summit, SLICGL continues to celebrate excellence, invest in employee development, and inspire its teams to achieve even greater success while delivering outstanding value to customers across Sri Lanka.
Sarvodaya Development Finance posts strong FY2025/26 performance, reinforcing growth and resilience
