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AMF doubles profits, powers past Rs. 1.78 b in record-breaking year

Daily FT

|

May 23, 2025

Says resilience, discipline and inclusive finance strategy drive exceptional growth across all metrics

ASSOCIATED Motor Finance Company PLC (AMF) has achieved a landmark financial milestone, delivering its strongest-ever performance for the financial year ended 31 March 2025.

The company posted a Profit Before Tax (PBT) of Rs. 1.78 billion, representing a remarkable 122% increase over the previous year. Profit After Tax (PAT) soared even higher, rising 136% year-on-year to Rs. 750 million, reinforcing AMF's emergence as a robust, agile, and forward-focused institution within Sri Lanka's financial services landscape.

This record-breaking performance reflects not just numerical gains, but a profound and ongoing transformation within the company—rooted in strategic discipline, people-centred values, and an unwavering commitment to delivering inclusive, responsible financial services across diverse customer segments.

At the heart of AMF's success lies its unique approach to navigating a dynamic economic environment. Eschewing short-term thinking, the company focused on long-term value creation through strong internal alignment and execution excellence.

CEO T.M.A. Sallay said: "This was a year that tested our resilience and affirmed our readiness. What set us apart was our ability to move from planning to purposeful execution. We stayed focused on our strategic priorities while adapting swiftly to change. The results reflect not only discipline, but unity—employees, partners, and stakeholders working together to turn challenges into real opportunities. It is this shared commitment that continues to drive our growth and transformation."

This results-driven mindset has enabled AMF to harness the power of its people, technologies, and partnerships to build organisational momentum. Despite a challenging macroeconomic backdrop, the company maintained sharp focus on key priorities including risk management, customer trust, digital transformation, and operational efficiency.

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