National Development Bank Plc · CSELK:NDB.N0000
National Development Bank — FY2025 Earnings Presentation
29 slides from National Development Bank's earnings presentation, Mar 17, 2026
Slide 1: Financial Results for the Year Ended 31 December 2025
National Development Bank PLC Financial Results for the Year Ended 31 December 2025 Presentation to Analysts March 17, 2026 3:30 p.m. (UTC+05:30) Colombo
Slide 2: Corporate Participants
Corporate Participants PRESENTED BY Kelum Edirisinghe, Director/ Chief Executive Officer Q&A PANELISTS Kelum Edirisinghe, Director/ Chief Executive Officer K V Vinoj - Deputy Chief Executive Officer Sanjaya Perera - Senior Vice President - Personal Banking and Customer Experience Damitha Samaranayak
Slide 3: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 3
Slide 4: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 4
Slide 5: Performance snapshot
Performance snapshot FY 2025 Results Appendix The P&L perspective The balance sheet Liquidity and solvency Other qualitative perspective perspective indicators Rs 11.0 Bn PAT 28.8% growth Sound solvency and Euromoney 100.0% YoY growth* in Total Loans strong levels of liquidity • Best Digital Bank fo
Slide 6: Performance snapshot: special arrangement impact
FY 2025 Results Appendix Performance snapshot Impact of special arrangement(s) on loans and deposits As at the reporting date of 31 December 2025, the Bank’s portfolio of loans & advances, and deposits included a total amount of Rs.29.2 Bn (2024 year-end: Rs.19.6 Bn), which had been received from cu
Slide 7: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 7
Slide 8: Income and profitability
FY 2025 Results Appendix Income and profitability Rs. Bn – Year ended 31 December 2024 2025 ∆ Rs. ∆% NII 34.2 35.0 0.7 2.2 Net fee and commission income 7.8 8.1 0.3 3.5 Consistent progress in PAT QoQ Total operating income 45.5 46.3 0.8 1.7 (on a standalone basis) Impairment charges/ (reversals) on
Slide 9: NII & NIM
FY 2025 Results Appendix NII & NIM Rs. Bn – Year ended 31 December 2024 2025 ∆ Rs. ∆% Half-yearly performance 1H2025 2H2025 Interest income 88.1 86.7 (1.4) (1.6) Interest income 42.3 44.4 Interest expenses 53.8 51.7 (2.1) (4.0) Interest expenses 25.4 26.4 NII 34.2 35.0 .7 2.2 NII 17.0 18.0 Percentag
Slide 10: Non-fund based income (NFBI)
FY 2025 Results Appendix Non-fund based income (NFBI) Rs. Bn – FY ended 31 December Total operating income composition 2024 2025 ∆ Rs. ∆% Net fee and commission income (NFCI) 7.8 8.1 0.3 3.5 Net gain from trading (NGT) 1.0 1.1 0.01 1.3 7.1% Other 2.5 2.2 (0.2) (9.7) Total non-fund based income 11.3
Slide 11: Costs
FY 2025 Results Appendix Costs Operating cost composition Operating costs Other expenses Depreciation and amortisation Rs. Bn – FY ended 31 December 2024 2025 ∆ Rs. ∆% Personnel expenses 8.8 9.6 0.8 9.3 Personnel expenses Depreciation and amortisation 1.1 1.2 0.1 9.5 Other expenses 7.0 8.2 1.3 18.5
Slide 12: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A
Slide 13: Balance sheet performance - Loans
FY 2025 Results Appendix Balance sheet performance - Loans Growth in net loan book (in LKR Bn) - Adjusted* Rs. Bn – As at end FY24 FY25 ∆ Rs. ∆% Total growth - LKR 123.2Bn* Total assets 795.7 935.8 140.1 17.6 Net loans - Reported 460.7 593.6 132.9 28.8 Net loans – Adjusted* 441.1 564.3 123.2 27.9 39
Slide 14: Balance sheet performance – Loans (Cont.)
FY 2025 Results Appendix Balance sheet performance – Loans (Cont.) Currency composition of the loan book Composition of the loan book – on the basis of pricing 23.4% 26.4% 30.8% 34.4% 76.6% 73.6% 69.2% 65.6% FY24 FY25 FY24 FY25 LCY FCY Variable Fixed *Impact of special arrangement(s) on loans and de
Slide 15: Credit quality
FY 2025 Results Appendix Credit quality Impaired Loans (Stage 3) Ratio (%) Credit quality movement (%) 12.0 70.0 59.1 8.6 10.0 54.5 60.0 6.5 50.0 6.0 8.0 41.1 4.5 4.3 7.0 4.5 37.4 40.0 6.2 6.0 5.2 3.8 30.0 9.6 8.8 4.0 7.8 20.0 5.8 FY21 FY22 FY23 FY24 FY25 2.0 10.0 NDB Sector - - FY22 FY23 FY24 FY25
Slide 16: Balance sheet performance - Deposits
FY 2025 Results Appendix Balance sheet performance - Deposits Currency wise deposits analysis Currency composition of the deposit book Reported results Rs. Bn – As at end FY24 FY25 YTD growth % LCY deposits 471.3 509.7 8.2 25.4% 27.9% FCY deposits 160.4 197.4 23.1 Total deposits 631.7 707.2 12.0 Imp
Slide 17: Balance sheet performance – Deposits (Cont.)
FY 2025 Results Appendix Balance sheet performance – Deposits (Cont.) Product wise deposits analysis Reported results Impact of special arrangement(s) adjusted results* Rs. Bn – As at end FY24 FY25 YTD growth % Rs. Bn – As at end FY24 FY25 Composition % YTD growth % CASA total 157.4 191.1 21.5 CASA
Slide 18: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 18
Slide 19: Capital
FY 2025 Results Appendix Capital Rs. Bn – As at end FY24 FY25 ∆ Rs. ∆% Common Equity Tier 1 (CET1) capital 62.1 67.7 5.6 9.0 Tier 1 capital 62.1 67.7 5.6 9.0 Total capital 86.7 87.1 .5 0.5 Risk Weighted Assets (RWA) 453.9 548.2 94.3 20.8 Stable capital base with capital adequacy ratios (CAR) well ab
Slide 20: Liquidity
FY 2025 Results Appendix Liquidity Regulatory ratios % - As at end FY24 FY25 Buffer over minimum requirement in ppts Liquidity Coverage Ratio – Rupee (Minimum Requirement – 100%) 358.1 257.3 157.3 Liquidity Coverage Ratio – All Currency (Minimum Requirement - 308.3 208.5 108.5 100%) Net stable fundi
Slide 21: Key investor ratios
FY 2025 Results Appendix Key investor ratios ROE and PBV movement 0.8 15.0 12.3 12.2 13.5 Investor ratios FY24 FY25 ∆ 0.6 10.0 Closing Price per Share - Rs. 113.25 141.25 28.00 8.0 0.4 EPS - Rs. (Annualised) 21.25 25.90 4.65 4.8 ROE (%) 12.2 13.5 1.3ppt 5.0 0.2 ROA (%) Pre-tax 3.1 2.5 (62)bps 0.2 0.
Slide 22: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 22
Slide 23: Update on long-term transformation programme
Update on long-term transformation programme As highlighted during the 3Q2025 earnings presentation, NDB Bank -together with The Boston Consulting Group (BCG), had launched its Strategic Roadmap to Market share 2030, marking the start of a comprehensive long-term transformation Growth programme. C
Slide 24: Snapshot of select key achievements from the transformation programme
Snapshot of select key achievements from the transformation programme 26
Slide 25: Agenda
FY 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Impact analysis - Ongoing geopolitical tensions 7 Q&A 25
Slide 26: Impact of the ongoing geopolitical tensions in the Middle East
FY 2025 Results Appendix Impact of the ongoing geopolitical tensions in the Middle East Oil and freight • Oil price spikes • Price-driven oil rationing • Freight and insurance cost hikes • Refinery feedstock shortages in Asia/ across the rest of the world • Fertilizer and other petroleum linked inpu
Slide 27: Impact of the ongoing geopolitical tensions – NDB position
Impact of the ongoing geopolitical tensions – NDB position FY 2025 Results Appendix Solvency and capital Strong capital position with healthy buffers adequate to absorb shocks over the next 6 months FX depreciation provides a positive translation impact on capital and FCY-denominated assets FX m
Slide 28: Q&A
Q&A
Slide 29: Appendix: Gross income dispersion
Appendix Gross income dispersion 2.6% 4.1% 10.2% 3.6% 9.1% 10.4% 11.2% 6.4% 10.3% 15.4% 10.5% 16.8% 16.0% 26.7% 16.9% 19.3% 16.5% 6.0% 4.4% 61.1% 66.1% 50.1% 54.2% 52.9% -0.8% 2021 2022 PAT 2023 2024 2025 Taxes Total operating expenses Impairment charges/(reversals) on loans and other investments 29
National Development Bank — FY2025 Earnings Presentation on 6ix