📈 Richard Pieris Finance PBT Surges to Rs. 701.6 M in FY26

Richard Pieris Finance Ltd. reported a robust financial performance for the year ended 31 March 2026, driven by growth in its core financial services business, operational efficiencies, and diversified lending. Key Financial Highlights: • Profitability: Profit Before Taxes (PBT) rose to Rs. 701.6 m. Profit After Tax (PAT) surged by 76% Year-on-Year (YoY) to Rs. 448.7 m (compared to Rs. 254.7 m in FY25). Net operating income grew to Rs. 1.74 b. • Asset Base: Total assets expanded to Rs. 24.57 b from Rs. 20.24 b in the previous year. • Funding & Capital: Customer deposits grew to Rs. 11.68 b, while shareholders' funds strengthened to Rs. 4.43 b, reinforcing the company's capital resilience. Portfolio & Operations: • Lending Growth: The total loans and advances portfolio expanded to Rs. 10.84 b, and lease receivables grew to Rs. 7.41 b. • Diversification & Tech: Growth was supported by a diversified mix including vehicle leasing, gold loans, Islamic finance, consumer lending, and the new 'Sarumaga' mortgage solution. The company also pushed digital adoption by launching a Loan Origination System (LOS) Mobile App and a smartphone financing scheme. • Credit Rating: Reaffirmed its Fitch rating of 'A(lka)' with a stable outlook, backed by the stability of the parent conglomerate, Richard Pieris Group.