LOLC Group posts Rs. 41 b net profit; assets top Rs. 2 t mark

Global expansion, growth and sectoral diversification support earnings resilience and stellar performance

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LOLC Holdings PLC yesterday announced an after-tax profit of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion.

Profit Before Tax (PBT) from continuing operations grew by 99% to Rs. 52.2 billion. Net profit attributable to equity holders of the company was Rs. 49.7 billion, up by 66%. The Group turnover saw a 3% growth to Rs. 339.7 billion.

In a statement, LOLC said the robust performance was fuelled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions in Sri Lanka.

Now operating in over 25 countries, LOLC continues to solidify its status as Sri Lanka’s most internationally diversified corporate group, operating in financial services, agriculture, plantation, automotive, manufacturing, construction, marine, power generation, pharmaceuticals, and leisure.

The Group’s total assets climbed 17% to Rs. 2.03 trillion, while shareholder equity advanced to Rs. 343 billion, marking a 15% gain. Its total debt-to-equity ratio improved to 1.05 times from 1.2 times, signalling greater balance sheet strength despite an active investment pipeline.