📈 Richard Pieris Finance H1 2025/26: PBT Jumps >75% to Rs. 292 Mn
• Richard Pieris Finance Ltd. reported a strong H1 2025/26 (six months ended 30 September), reflecting a continued upward trajectory and disciplined operations. • Profit Before Taxes (PBT) reached Rs. 292 million, marking a significant growth of over 75% compared to the previous year. • Profit After Taxes (PAT) also saw robust growth of 47%. • Total Assets expanded by 20%, exceeding Rs. 20 billion, with the company setting a medium-term vision to reach Rs. 50 billion. • Growth was driven by improved core lending, disciplined cost management, and a vigilant risk-based credit approach. • The lending portfolio remains well-diversified, featuring vehicle leasing, gold loans, Islamic finance, and the new Sarumaga mortgage product focused on the SME sector. • Financial stability is reinforced by a stable 'A(lka)' credit rating with a Stable Outlook from Fitch Ratings.