📈 Asia Asset Finance 1H PAT Surges 110% to Rs. 838.5Mn
Asia Asset Finance PLC (AAF), a subsidiary of Muthoot Finance Limited, reported robust financial results for the six months ended 30 September 2026: • Financial Performance: - Profit After Tax (PAT) grew 110% YoY to Rs. 838.5 Mn (vs. Rs. 400 Mn in 1H 2025). - Profit Before Tax (PBT) rose 140% YoY to Rs. 1.62 Bn. - Interest Income surged 75% YoY to Rs. 6.86 Bn, with Net Interest Income up 92% to Rs. 3.78 Bn. - Annualised Return on Equity reached 28.5%. • Balance Sheet & Growth: - Total Assets expanded 24% to Rs. 66.63 Bn compared to 31 March 2026. - Net Loans & Advances grew to Rs. 51.88 Bn, anchored by gold loans which comprise ~73% of the lending portfolio. - Customer Deposits increased 37% over the six months to Rs. 35.51 Bn. - Shareholders’ funds grew 47% to Rs. 7.01 Bn, supported by a Rs. 1.50 Bn rights issue and retained earnings. • Asset Quality & Inclusion: - Gross Non-Performing Loan (NPL) ratio improved to 7.6% (down from 9.4% YoY). - Operating across a nationwide network of 125 branches, AAF serves a customer base where women represent 56.6%, driving financial inclusion and supporting economic empowerment within Sri Lanka's financial services sector.