News & market updates

PMF Finance PLC has withdrawn its proposed listed, rated, unsecured senior redeemable debenture issue of up to Rs. 1 billion after a board decision following an internal assessment; the company gave no further details.

Hayleys Solar (Hayleys PLC) and PMF Finance PLC signed an MOU to provide customised financing for residential and commercial solar installations, aiming to lower upfront costs and accelerate solar adoption in Sri Lanka.

PMF Finance (PMB.N0000) launched SIDQ, its Islamic Finance Unit, on 8 June to offer Shariah-compliant, asset-backed financing and target underserved segments including the Eastern Province.

PMF Finance PLC reported record FY 2025/26 results: Profit before tax Rs.626m (more than double prior year), profit after tax Rs.353m, total income > Rs.5.1bn, total assets Rs.23.4bn and lending portfolio ~Rs.20bn.

PMF Finance PLC has appointed its CEO, Prof. Dewasiri Jayantha, to its Board as an Executive Director; he was appointed CEO on 3 March 2026.

PMF Finance PLC (PMB.N0000) appointed Dr. Dewasiri Jayantha as Chief Executive Officer effective 3 March 2026, with the Central Bank of Sri Lanka's approval. Dr. Jayantha is a Professor in Finance with a PhD and over 17 years of prior industry experience.

PMF Finance PLC (PMB.N0000) has appointed Nishani Perera as a Non-Executive Independent Director, bringing over 19 years' experience in audit, assurance, risk management and corporate governance.

PMF Finance PLC (PMB.N0000) appointed Nishani Perera as an Independent, Non-Executive Director. She is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka with over 19 years' experience in audit, assurance, risk management and corporate governance.

PMF Finance PLC reported profit before tax of Rs.456.7 million for the nine months to 31 Dec 2025, up 139% year‑on‑year. Gross income rose 24% to Rs.3.84 billion and net interest income climbed 46.5% to Rs.2.17 billion, with loans up 13.4% and total assets at Rs.23.08 billion.

PMF Finance PLC reported Profit Before Tax of Rs. 300 million for the six months to 30 September 2025, a 157% increase from Rs. 117 million a year earlier. Total assets rose to Rs. 23.4 billion and Tier 1 capital adequacy stood at 14.67%.

PMF Finance PLC (PMB.N0000) appointed Dinesh de Silva as an Independent Non-Executive Director. He brings over 30 years' leadership in apparel manufacturing and operational excellence, including senior roles at MAS Holdings.

PMF Finance PLC (PMB.N0000) appointed Nalin Warnakula as an Independent Non-Executive Director. Warnakula is CFO of Sterling Automobiles Lanka Ltd, has over 22 years' experience across multiple industries and holds fellowships with the Institute of Chartered Accountants of Sri Lanka and the Association of Business Executives (UK).

PMF Finance PLC (PMB.N0000) has appointed Prof. Dewasiri N. Jayantha as a Non-Executive Independent Director. He is a finance academic with extensive research and industry experience, including a PhD in Finance and multiple editorial roles.

PMF Finance PLC appointed Malik Cader as Chairman effective 29 September 2025, with CBSL approval received on 8 October 2025. The board plans to deepen ties with principal shareholder Sterling Investments and is evaluating expansion into a full-service financial institution with fintech and capital-market capabilities.

PMF Finance PLC (PMB.N0000) appointed Malik Cader as Chairman effective 1 October 2025 to lead its strategic expansion. The company said Cader will strengthen governance, pursue growth into a full-service financial institution and deepen ties with principal shareholder Sterling Investments to explore cross-border fintech and product opportunities.

PMF Finance (PMB.N0000) appointed Malik Cader as a Non-Executive Independent Director. Cader is a former Director General of the Securities and Exchange Commission with extensive international capital markets and regulatory experience.

PMF Finance PLC (PMB.N0000) said Chairman Chandula Palitha Abeywickrema will resign effective 1 October 2025, with three other independent non-executive directors also stepping down as part of a planned leadership transition. The board and Central Bank have approved the resignations; the company highlighted its turnaround to profitability and stronger equity under his tenure.

We wish to inform you that the Board of Directors of PMF Finance PLC, by way of a circular resolution passed on 17th September 2025, appointed Mr. Hettiarachchige Moggali Sanjika Perera, Non Independent Non-Executive Director, as a Member of the Nomination & Governance Committee of the Company with effect from the same date.

PMF Finance PLC reported 1Q PBT of Rs.188 million, a 200% YoY increase from Rs.60m. Gross income was Rs.1.22bn, net interest income Rs.680m (+63%), PAT Rs.77.3m, NPL ratio fell to 6.95%, deposits Rs.14.2bn and total assets Rs.22.3bn.

PMF Finance PLC reversed a Rs. 93 million loss in 2019 to a Rs. 322 million profit in 2025 and has grown total assets to Rs. 22.3 billion. In Q1 2025, gross income rose 23% to Rs. 1.22 billion, net interest income rose 63% to Rs. 680 million, quarterly profit was Rs. 77.3 million and NPLs fell to 6.95%.