📈 Sarvodaya Development Finance Records Strong FY26 Growth

Sarvodaya Development Finance PLC (SDF) reported robust growth and improved asset quality for the financial year ended 31 March 2026. Key Financial Highlights: • Total Income: Reached Rs. 6.42 Bn, marking a 46.8% YoY increase. • Net Interest Income: Rose by 35.4% YoY to Rs. 3.58 Bn. • Net Profit: Surged by 73.1% YoY to Rs. 820.1 Mn (up from Rs. 473.8 Mn last year), with Earnings Per Share rising to Rs. 5.48. Balance Sheet & Portfolio Expansion: • Total Assets: Expanded by 65.8% to Rs. 37.37 Bn. • Loans & Receivables: Financial assets at amortized cost grew by 67.2% to Rs. 20.60 Bn, while lease rental receivables rose 34.0% to Rs. 9.19 Bn. • Funding & Sustainability: Strengthened its funding via debt securities, including Sustainable Bonds, totaling Rs. 2.09 Bn. Asset Quality & Efficiency: • Loan Quality: Gross Stage 3 Loans Ratio improved significantly, dropping to 4.93% from 7.88%. Net Stage 3 ratio fell to 2.94%. • Capital & Efficiency: Cost-to-Income Ratio fell to 42.99%, while Return on Equity rose to 19.60%. Tier 1 Capital Adequacy stood strong at 15.48%. National Context & Impact: Operating through 56 branches, SDF's expansion supports Sri Lanka's socio-economic development by focusing on inclusive finance and sustainable enterprise growth. Reflecting this stability, its external credit rating was upgraded to BBB- (Stable) by Lanka Ratings.