LOLC Group posts Rs. 41 bn annual profit, driven by financial services and global acquisitions

LOLC Group reported a profit after tax of Rs. 41 billion for the financial year 2024/25, marking an 89 percent increase from the previous year, supported by an operating profit of Rs. 48 billion. The performance was driven by continued growth in financial services, strategic acquisitions overseas, and improved macroeconomic conditions in Sri Lanka.

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Present in over 25 countries, the Group has expanded its footprint across financial services, agriculture, plantation, automotive, manufacturing, construction, marine, power generation, pharmaceuticals, and leisure.

Total assets rose 17 percent to Rs. 2.03 trillion, while shareholder equity grew 15 percent to Rs. 343 billion. The Group's debt-to-equity ratio improved to 1.05 times from 1.2 times, reflecting stronger balance sheet fundamentals. In Africa, LOLC deepened its investment in the tea industry, building on the 2023 acquisition of Finlays' Kenyan operations with further purchases of Lipton's plantations in Kenya, Rwanda, and Tanzania. These moves underscore the Group's growing focus on real economy sectors and its ambitions in the global tea value chain.