Financial Results and Investor Update for the year ended- 31-12-2025

Commercial Bank of Ceylon PLC

Results Review for FY2025 and Investor Update

Presented at the investor call held on the 12thof March 2026 at 3.30 PM IST by the Managing Director/CEO, Chief Financial Officer and AGM Finance

Managing Director's/CEO's Briefing on FY2025 Performance

Assets

16.8%

• Scale & Growth Milestones: Became the first private sector bank to surpass the milestone of Rs. 3 Tn/USD 10 Bn in Assets, Rs. 2 Tn in Loans

  and Rs. 2.5 Tn in Deposits.

• Robust Profitability: Delivered a Net Profit of Rs. 58.487 Billion and an ROE of 19.5%, primarily driven by improvement in core business and profitability metrics.

  Gross Loans

• Dominant SME & Retail Leadership: Retained the position as Sri Lanka's highest SME lender for the fifth consecutive year (30.3% market share) and maintained No. 1 status in Home Loans and Debit Card usage.
• Digital Transformation at Scale: Achieved 56% digital penetration with

  1.8 million users, facilitating Rs. 7.5 Trillion in transaction value and generating Rs. 11 Billion in cost savings.

  LKR 3,258 Bn

  USD 10.5 Bn

  36.4%

  LKR 2,028 Bn

  USD 6.5 Bn

  LKR 2,609 Bn

  USD 8.4 Bn

  Deposits

  16.6%

  8.2%

  Net Profit

• AI-Powered Innovation: Introduced the country's first AI-powered SME underwriting solution, significantly accelerating credit evaluations

  and enhancing risk precision across retail portfolios.

• Pioneering Payment Solutions: Reinforced market leadership by becoming the first to enable Google Pay in Sri Lanka and launching Dynamic Currency Conversion (DCC) for the Internet Payment Gateway.
• Deepening Financial Inclusion: Launched the ComBank Shakthi agency banking network and opened the first exclusive Women's Banking Centre to integrate underserved rural communities into the formal ecosystem.

  LKR 58.5 Bn

  USD 188.7 Mn

  Taxes

  (20.7%)

  LKR 48.4 Bn

  USD 156.3 Mn

  5

  Balance Sheet - YTD Growth
  Assets +LKR 468 Bn 16.8%	Loans +LKR 541 Bn 37.5%	Deposits +LKR 372 Bn 16.6%

  ROE %
  FY 2025	FY 2024
  19.5%	16.6%

  Capital (YoY)

Income Statement

solution for the first time in Sri Lanka

Sustainability Initiatives

• Successfully hosted the 'ForwardTogether 2025 - Sustainability

  Summit'

• Green Bond issue of Rs.15 Bn

• Launched first exclusive Women's Banking Centre, staffed by women to serve female customers in Northern Region

• Women Entrepreneurship through Women Empowerment

  Digital

  
  
  

  CORPORATE BANKING

  Corporate Banking

  • Organic growth through wallet share optimization/GROA

  • Focus on Aggressive Project Financing drive, specifically Green

    Project loans

  • Expansion of Islamic banking operations

    INTERNATIONAL BANKING

    International Banking and Trade

  • Implemented E2Gen payment platform across the branch network

  • Launched customer front-end IT platform - Combank TradeLink

  • Improved export share to 21.97% (from 21.20%) and imports to 15.91% (from 14.26%)

• Google Pay: 'Gpay', contactless wallet solution for the first time in Sri Lanka

• Rollout of AI use cases across SME and Retail Banking together with BCG

• Business Banking Platform - Phase 1

• Microservices Development - 150+ APIs developed and 50+ in progress for future projects

• Invested in the Super App

  Sustainable Market Leadership & Growth

Drive superior financial performance and expand our market share across all key segments through prudent portfolio management and targeted growth initiatives.

Leverage cutting-edge technology, AI, and data analytics to create a seamless, secure, and scalable digital ecosystem that redefines customer and employee experiences.

Place the customer at the heart of our strategy by delivering personalized, proactive, and value-creating experiences that build deep, lasting loyalty.

Cultivate a future-ready, agile, and engaged workforce, positioning the

bank as the nation's premier employer of choice for top-tier talent.

Lead the industry in environmental, social, and governance (ESG) best practices, driving sustainable finance and contributing positively to the communities we serve.

PERSONAL BANKING

Personal Banking

• Retail Transformation Project - Partnering with McKinsey to execute a comprehensive Retail Transformation Project

• Targeted CASA Growth Strategy: Implementing initiatives across SME and Retail segments to aggressively drive low-cost deposit acquisition and enhance relationship stickiness

• AI-Driven Credit & Ecosystem Scaling: Rollout AI-based credit underwriting and the continuous evolution of an AI-powered digital ecosystem for hyper-personalized banking

• Expand reach of Agency Banking + Supply Chain Financing

  CORPORATE BANKING

  Corporate Banking

• Ecosystem & Digital Transformation: Completing the Corporate Digital Banking platform to deliver a superior client experience

• Strategic Portfolio Expansion: Scaling high-growth sectors by expanding the Green and Climate Financing portfolio

• Value-Driven Growth: Sharpening the focus on relationship profitability and cross-selling to optimize Return on Assets (ROA) across the corporate segment

  INTERNATIONAL BANKING

  International Banking

• Expand into new geographies

• Integration of TradeLink to corporate platform

Sustainability Initiatives

• Climate Transition : Advancing the 'Climate Transition Plan' in partnership with the IFC

• Blue Economy & Resource Stewardship: Deepening focus on SDG 6- Clean Water and Sanitation

• Social Impact & Inclusive Growth: Scaling Women Entrepreneurship programs by strengthening and expanding ongoing initiatives to drive community economic empowerment

• ESG Governance & Standards: Adoption of Sustainability Reporting Standards (SLFRS S1 & S2)

  Digital

  
  
  

• Launch of OneApp (Maldives/Sri Lanka) to deliver a significant transformation to the Bank's mobile banking experience

• Hyper-Personalized AI Engagement: Deploying a Unified Data Platform (CDP) and AI chatbots to deliver real-time, 360-degree customer journeys and automated, tailored marketing etc.

• Next-Gen Ecosystem & Islamic Solutions: Modernizing core commerce through Zero-Touch H2H payments, an upgraded FX portal, and a dedicated IT stack for Islamic Banking growth

• Frictionless Security & Resilience: Fortifying the bank with autonomous, AI-driven cyber defense and automated threat containment

  Spotlight on AI and Tech Strategy

  Overall Strategy

Macro Economic Backdrop Sustained momentum in GDP recovery

Post crisis recovery - Growth sustained at ~5% level

Real GDP nears full recovery [98% of Pre-crisis peak]

8.10%

5.40%

3.50%

3.60%

30%

20%

10%

0%

-10%

-20%

-30%

Q3

Q2

Q1 Q4 Q3

Q2

Q1

Q4 Q3 Q2 Q1

Q4

Q3 Q2 Q1

Q4

Q3

Q2 Q1 Q4

Q3

Q2

-40%

Agriculture Industrial Services GDP Growth

2018 2023 2024 2025

2026 expectations in the range 4.0- 4.5%, Govt. infrastructure spend a key driver

4.3%

4.2%

5.0%

4.5%

4.0 - 4.5%

-2.3%

-4.6%

6%

4%

2%

0%

-2%

-4%

-6%

PMI continues to maintain strong recovery despite impact of Cyclone

80

70

60

50

40

30

20

-8%

10

-7.3%

0

Jan

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec

Jan

2020 2021 2022 2023 2024 2025 2026

2024 2025 2026

Purchasing Managers' Index - Manufacturing

Purchasing Managers' Index - Construction

Purchasing Managers' Index - Services - Business Activity Index

Macro

12M/Q4 Results

Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Demand for credit posted a strong recovery in 2025

Credit to Private Sector - Annually

Nominal vs Real Growth

Nominal Growth

Real Growth

2,056

744

810

7G0

613

762

430

236

374

30%

20%

10%

0%

-10%

-20%

-30%

Private Sector Credit Grew by 25.2% during 2025

2024

2025

2026

300.0

250.0

200.0

150.0

100.0

50.0

0.0

-50.0

Jan

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

-100.0

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

-5.0%

-40%

Net Lending Y-O-Y Growth

Private Sector Credit to GDP

45%

40%

35%

30%

25%

20%

15%

10%

5%

36.2%

29.8%

27.0%

2015-2018 Average

0%

(45)

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Macro

12M/Q4 Results

Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Growth was driven by pick up in consumption and trade, Asset quality and provisioning improved

Sectoral Mix and Contribution to Growth

Sector Asset Quality

2024

2025 Contribution

to Growth

4.1

9.8

7.0

6.0

9.

4.5

5

4

12.3

12.8

56.7

2023 2024 2025

Gross Stage 3 Ratio Net Stage 3 Ratio Provision/Impairement Cover

Macro

12M/Q4 Results

Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Sustained Fiscal discipline and lower inflation support low rates

Tax revenue outturn surpassed targets and primary balance improved in 2025 [LKR Bn]

Despite a pickup in December 2025, pressure eased early 2026

36

Tax Revenue Cumulative (Jan-Dec)

[LKR BN]

Primary Surplus Cumulative (Jan-Dec)

[LKR BN] 31

26

21

16

11

Feb-26

Dec-25

Oct-25

Aug-25

Jun-25

Apr-25

Feb-25

Dec-24

Oct-24

Aug-24

Jun-24

Apr-24

Feb-24

Dec-23

Oct-23

Aug-23

Jun-23

Apr-23

Feb-23

Dec-22

6

173

2023 2024 2025

2023 2024 2025

3 Month - Bill 1 Year - Bill 2 Year - Bond 5 Year -Bond

Inflation falls below the 2% level in February 2026

Base vs Momentum

4.0

2.0

0.0

-2.0

-4.0

-6.0

-8.0

-10.0

-12.0

Mar

Jan

Nov

Sep

Jul

May

Mar

Jan

Nov

Sep

Jul

May

Mar

Jan

-14.0

Y-O-Y

Inflation 60.0

50.0

40.0

30.0

20.0

10.0

0.0

Jan

Nov

Sep

Jul

May

-10.0

Lending and deposit rates

28

23

18

13

8

3

1/31/2022

3/31/2022

5/31/2022

7/31/2022

9/30/2022

11/30/2022

1/31/2023

3/31/2023

5/31/2023

7/31/2023

9/30/2023

11/30/2023

1/31/2024

3/31/2024

5/31/2024

7/31/2024

9/30/2024

11/30/2024

1/31/2025

3/31/2025

5/31/2025

7/31/2025

9/30/2025

11/30/2025

1/31/2026

-2

2023

2024

2025 2026

Base Effect Momentum Inflation YoY

AWPLR - Monthly AWDR - Monthly Spread 15

Macro

12M/Q4 Results

Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Macro conditions have progressively improved, and trend is expected to continue

Gross external reserves at USD 7.3Bn

[USD Bn]

7.3

6.8 6.8

6.5 6.5

6.0 6.0

6.1 6.1 6.1

6.5 6.3 6.3

6.1 6.1 6.2 6.2 6.2 6.0

5.5 5.4 5.7 5.6

5.0

4.5 4.5

2024

2025

2026

8.3

Jan

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

IMF - FC

Gross Official Reserves

Usable Reserves (include only debt repayments)

Usable Reserves (include debt repayments and swaps)

16

Macro

12M/Q4 Results

Income Expenses Impairments Balance sheet Bangladesh ROE

Capital

Dividend Digital Pillar

Financial Performance - Bank

12M/4Q Ended 31stDecember 2025

Robust loan book expansion drives healthy operating income growth, sustaining momentum during 2025

Bank

• Balance sheet: A +16.8% YoY growth in total assets, driven by robust growth in deposits.

  Financial Performance - Normalized [LKR Bn]	Q4			12M	YoY Δ
  	2024*	2025	2024*	2025	Q4	12M
  NII	28.2	36.1	114.6	136.3	28.0%	19.0%
  Other income	6.4	12.3	31.7	47.7	93.7%	50.4%
  Total operating income	34.6	48.4	146.3	184.0	40.1%	25.8%
  Opex	14.4	16.6	49.7	54.6	15.9%	9.9%
  Pre-provision Pre-Tax profit	20.2	31.8	96.6	129.4	57.3%	33.9%
  Impairments	10.4	8.7	27.9	22.5	-16.3%	-19.3%
  Operating Profit Before Taxes	9.8	23.1	68.7	106.9	134.9%	55.6%
  Taxes	-0.4	10.7	28.1	48.4	-2976.8%	72.1%
  Profit for the period	10.2	12.5	40.6	58.5	22.0%	44.1%
  Basic EPS (Rs)	6.34	7.64	25.21	35.87	20.4%	42.3%
  Group
  Profit to equity holders Basic EPS (Rs)	10.5 6.53	12.8 7.82	42.2 26.21	60.1 36.86	21.3% 19.7%	42.4% 40.6%

• Earnings momentum: Robust expansion in pre-provision, pre-tax profits was supported by strong NII and non-interest income streams, whilst opex growth lagged income and volume growth significantly. Credit costs continued moderating trend, despite sharp growth in loans and increase in stage 3 impairment cover.

  • NII/NIM: NII increase for the year was driven by NIM expansion and growth in loan book.

  • Efficiency: Cost-to-income 29.7%, among the industry's lowest.

0

Key Ratios [%]

12M 2024

NIM 4.27

CASA 38.07

Net/Gross Stage 3 ratio 2.76/7.80

Stage 3 impairment cover 64.61

Pre-Tax ROA [Normalised] 2.12

ROE [Normalised] 16.57

Tier 1 [Y/E 2025] 14.23

Total Capital [Y/E 2025] 18.14

• Asset quality: Stage 3 Impairment cover continued to strengthen, reaching 73.5%; Gross Stage 3 improved to 6.3% (from 8.6% in 2024).

• Loans: +LKR 541 Bn in 2025 (+36.4%), strong growth across all

  segments.

• Deposits: +LKR 372 Bn YTD (+16.6%), primarily driven by growth in CASA. CASA ratio improved to 39.7%.

• Returns: ROE and ROA improvements driven by core earnings drivers (i.e NIM, Fee income yield) and improved cost efficiency.

• Capital: Tier 1 ratio declined following the strong loan growth recorded during the year.

• Total Shareholder Returns: Inclusive of recommended DPS of Rs.

  10.50 per share, TRS for the voting and non-voting year recorded at 45.94% and 74.03% respectively for the year. 18

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  
  
  

  Macro

  12M/Q4 Results Overview Income Expenses Impairments Balance sheet Bangladesh

  ROE

  Capital Dividend Digital Pillar Sustainability

  NIM and NII [LKR Bn]

  28.2

33.3

33.6

33.4

36.1

Interest income and costs [LKR Bn]

• NII growth of 19.0% for FY2025 and 28.0% in Q4FY2025 was driven by loan book expansion and improved NIM.

• Yields on lending and fixed income softened alongside falling market interest rates, leading to a 33 bps decrease in interest income yields relative to FY2024. Nevertheless, the impact was softened by rising rates in Q4FY2025, with quarterly yields falling by only a marginal 2 bps YoY.

• Interest expenses during FY2025 was driven by a 16.6% YoY

  increase in deposits, whilst cost of funds dropped by 57bps.

• The improvement in CASA ratio during FY2025 further contributed towards the reduction in cost of funds.

• The sharper drop in cost of funds relative to yields enhanced

NIM by 24 bps during FY2025 and 39 bps in Q4FY2025.

-41.4

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

Yield 9.66% 10.10% 9.77% 9.39% 9.64%

Cost 5.57% 5.37% 5.23% 5.09% 5.15%

2024-12M 2025-12M

10.04%

5.77%

9.71%

5.20%

293.6

Macro

12M/Q4 Results Overview Income Expenses Impairments Balance sheet Bangladesh

ROE

Capital Dividend Digital Pillar Sustainability

NIM and NII [LKR Bn]

28.0%

33.3

33.6

33.4

36.1

Interest income and costs [LKR Bn]

8.1%

-41.4

16.5%

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

Yield 9.66% 10.10% 9.77% 9.39% 9.64%

Cost 5.57% 5.37% 5.23% 5.09% 5.15%

2024-12M 2025-12M

5.77%

5.20%

293.6

Macro

12M/Q4 Results Overview Income Expenses Impairments Balance sheet Bangladesh

ROE

Capital Dividend Digital Pillar Sustainability

NIM and NII [LKR Bn]

28.0%

33.3

33.6

33.4

36.1

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

NIM 4.10% 4.74% 4.53% 4.30% 4.49%

Interest income and costs [LKR Bn]

16.5%

77.5

-41.4

8.1%

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

Yield 9.66% 10.10% 9.77% 9.39% 9.64%

Cost 5.57% 5.37% 5.23% 5.09% 5.15%

Other operating income [LKR Bn]

[LKR Bn]

202

4

Bank 4Q* 1Q 2Q 3Q

Net fee and com. income 6.1 6.3 6.5 7.2

Net gains/(losses) trading 1.5 0.1 -1.5 2.2

2024

4Q 12M

• Growth in Non NII was driven by higher fee and commission income together with net other operating income. Gains linked to government securities and derivative instruments moderated during 4QFY2025.

  YoY Δ

• Net Fee and commission income grew by 22% in FY 2025

  Net gains/(losses) from

  derecog. of fin. assets

  0.4 1.5 0.8 0.3

  4.1

  -41.2% -31.4%

  • Primarily driven by increase in fee income related to loans and

Net other op.income -1.7 4.0 5.2 2.9

Total 6.4 11.9 11.0 12.6

7.3

31.7

403.1% 134.4%

93.7% 50.4%

advances and credit/debit cards

• Net gains/losses from trading and derecognition of financial

  2025

  2.8

  17.2

  47.7

  12M

6.4 11.9 11.0 12.6 12.3

assets

5.0

0.4

5.2

2.9

1.5

0.1

6.3

7.2

0.8

6.5

2.2

0.3

-1.7

-1.5

-0.5

• Net other operating income

  2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

  Net fee and commission income

  Net gains/(losses) from trading

  Net gains/(losses) from derecognition of financial assets Net other operating income

  *Adjusted for SLSB restructuring impacts

  • Primarily driven by revaluation gains on foreign currency denominated assets and liabilities, which surged by Rs. 9.51 Bn. to Rs. 16.04 Bn. from Rs. 6.53 Bn. as a result of the Sri Lankan Rupee depreciation against the USD.

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  Operating expenses [LKR Bn]

  2025-12M

  2024-12M

  28.8

  26.9

  4.7

  5.8

  18.1

  19.9

  49.7

  54.6

  1.81%

  1.85%

  29.7%

  33.9%

  9.9%

Cost to

12.5

12.3

13.2

14.4

16.6

6.1

6.7

7.0

Macro

12M/Q4 Results

Overview Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Impairment charge: Net of Recoveries - [LKR Bn]

Credit Quality Metrics

Credit

10.4

Costs %

0.75

8.7

7.0

3.9

2.9

0.37

0.40

0.30

0.15

Net Stage 3 Loans %

2.76 2.58

2.27

1.79 1.54

Stage 3 Impairment

cover %

73.50

71.43

64.61

65.56

67.49

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

• Credit quality strengthened further, driven by favorable macro economic conditions and disciplined underwriting.

• Credit costs increased vs. 3QFY2025 due to higher Stage 3 coverage adopted as a prudential measure and additional provisions (LKR 1.2 Bn) related to the

  cyclone Ditwah, with FY2025 credit costs at 1.2%.

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  Gross Stage 3 Ratio

  Net Stage 3 Ratio

  Credit Costs and Impairment Charge

  8.59%

  7.80%

  6.34%
  
  5.81%
  
  

  2.89%

  2.76%

  1.55%

  1.54%

  1.66%

  1.05%

  1.29%
  
  0.74%
  
  

  2024 2025

  Gross Stage 3
  
  Gross Stage 3 (including undrawn commitments)
  
  

  2024 2025

  Net Stage 3
  
  Net Stage 3 (including undrawn commitments)
  
  

  2024 2025

  Credit Costs
  
  Net Impairment Charge to TA
  
  

• Credit quality strengthened further, driven by favorable macro economic conditions and disciplined underwriting.

• Credit costs increased vs. 3QFY2025 due to higher Stage 3 coverage adopted as a prudential measure and additional provisions (LKR 1.2 Bn) related to the

  cyclone Ditwah, with FY2025 credit costs at 1.3%.

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  • Balance sheet grew by 16.8%, driven by healthy expansion of 37.5% growth in loans and advances.

  • Deposits grew by 16.6%, led by growth in CASA.

  • Tier 1 and Total Capital ratio declined due to the strong loan growth recorded during the year, but remain well above regulatory minimums.

    Macro

    12M/Q4 Results

    Overview Income Expenses Impairments Balance sheet Bangladesh ROE

    Capital Dividend Digital Pillar

    Sustainability

    Financial Position [LKR Bn]	2024-Q4	2025-Q4		Δ
    Assets Loans and advances Other financial assets Cash and placements with banks Balances with Central Banks Investments in subsidiaries and associates Other assets Total assets Liabilities Deposits Other borrowings Other liabilities Equity Stated capital Retained earnings and other reserves Liabilities and equity	1,384.5 1,061.0 186.1 45.7 5.9 106.6 2,789.8 2,236.6 148.1 129.9 2,514.5 88.0 187.2 275.3 2,789.8	1,903.4	37.5%
    		1,019.1	-3.9%
    		187.4	0.7%
    		38.8	-15.1%
    		7.0	18.9%
    		102.3	-4.0%
    		3,257.9	16.8%
    		2,608.9	16.6%
    		154.6	4.4%
    		170.2	31.0%
    		2,933.6	16.7%
    		91.6	4.0%
    		232.8	24.3%
    		324.3	17.8%
    		3,257.9	16.8%
    NAV (Rs)	170.9	198.3	16.0%
    Tier 1 (%)	14.23	13.04
    Total Capital (%)	18.14	16.70

    Loans and advances [LKR Bn]

    Pawning 2%

    Housing

    loans

    Leases

    7%

    7%

    Other

    4%

    Trade

    Finance 11%

    Term loans

    58%

    Overdrafts

    11%

    37.5%

Deposits [LKR Bn]

CASA

Time and Other

2,237

2,337 2,427 2,506 2,609

• Deposits recorded a 16.6% growth for the year.

  1,458

  1,414

  1,385

  1,506

• Growth was driven by CASA, which grew

  21.5%, Time deposits grew 13.7%.

• CASA ratio improved by 159 bps to reach 39.65% (2024: 38.07%), remaining

  2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

  substantially higher than the industry average

  CASA %	38.1	39.5	39.9	39.9	39.7
  LCR %	454.4	345.4	342.5	315.4	288.6
  NSFR %	187.3	181.2	181.2	165.9	163.9

  of 33.08%.

• Continued to maintain strong liquidity above minimum requirement.

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  Loans Book Composition - 2024 vs 2025 Contribution to Growth: 2025

  2024 2025

3.8%

5.4%

6.1%

22.6%

17.8%

6.4%

13.1%

14.2%

4.2% 6.4%

Wholesale and Retail Trade

Manufacturing

Consumption

Agriculture and Fishing

Construction

Financial Services

Off-Shore Lending

Infrastructure Development

Tourism

Other

Macro

12M/Q4 Results

Overview Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

38.2%

33.4%

Loan book metrics

Net Stage 3 Ratio (%)

3.2%

1.0%

Impairment (Stage 3) to Stage 3 Loans Ratio (%)

83.8%

68.7%

Total assets

145.8

171.2

Loans and advances (Net)

72.2

81.9

Deposits

105.2

126.1

Closing Ex.Rate (BDT/ USD)

119.5

122.2

Average Ex.Rate (BDT / USD)

115.7

121.7

17.4%

13.5%

19.8%

• Robust credit appetite fueled strong loan book growth in 4QFY2025.

  YoY Δ

• Profits for FY2025 grew primarily due to impairment reversals and reduction in opex.

• Credit quality improvement led to an impairment reversal in FY2025, supported by stronger recoveries.

  YTD Δ

• A focused strategy of lending to blue-chip clients in resilient sectors, reinforced by strong credit risk controls, enabled the bank to maintain NPL ratios well below industry levels.

  Macro

  12M/Q4 Results

  Overview Income Expenses Impairments Balance sheet Bangladesh ROE

  Capital Dividend Digital Pillar

  Sustainability

  Macro

  12M/Q4 Results Overview Income Expenses Impairments Balance sheet Bangladesh

  ROE

  Capital Dividend Digital Pillar Sustainability

  2013- 2018*	2023 2024 2025
  11.4	12.0 11.2 10.1

  2013- 2018*
  	2023 2024	2025
  17.1	9.8 17.0	19.5

  2013- 2018*	2023 2024 2025
  1.5	0.8 1.5 1.9

  PT ROA [i]
  2013- 2018*	2023 2024	2025
  1.9	1.0 2.2	2.9

  *PP-PT: Pre-provision pre-tax

  *Represents average between 2013-2018

  Credit Costs + Provisions

  [h]

  0.5

2013-

2018*

Core PT ROA: Improved, driven by drop in impairment costs and core operating income yield

2023 2024 2025

PP-PT* Recurring ROA [g]

2013-

2018*

2023 2024 2025

Core Income yield: A 24 bps NIM improvement to 4.51% and a 0.91% Net Fee & Commission Yield increased the Core Operating Income Ratio to 5.42%.

NIM [c]

2013-

2018*

2023 2024 2025

Recurring OP Income/TA

2013-

2018*

[e]

2025

2023 2024

Fee Income [d]

2013-

2018*

2023 2024 2025

2013- 2023 2024 2025

Effective tax rate: The effective tax rate increased due to higher contribution to taxable profits from Sri Lanka and a new 15% tax on previously exempt foreign exchange income.

2018*

Cost of Funds [b]

2023 2024 2025

46.3 40.7 36.2 33.3

Operating Efficiency: Disciplined cost management improved the Operating Expense Ratio to 1.81% (FY2024: 1.85%), ensuring higher core income flow-through to the bottom line.

2013-

2018*

30

ROA drove higher ROE: Despite a higher 45.30% effective tax rate and a lower 10.09x equity multiplier due to a stronger capital base, a significant ROA improvement drove ROE to 19.51%.

Capital ratios [%]

Tier 2

3.89

3.66

Tier 1

14.23

14.28

14.48

13.39

13.04

Total

17.28 16.70

2024-Q4 2025-Q1 2025-Q2 2025-Q3 2025-Q4

Tier 1 movement

the second half of the year, the full interest income cycle from these disbursements has not yet fully accrued to retained earnings, resulting in a net capital consumption of 0.323%.

• The Tier 2 capital was strengthened during the year with the issuance of a Green Bond Issue of LKR 15 Bn during the year.

• Despite Tier-01 moderation due to robust credit growth both ratios remained well above regulatory minimums of 10% and 14% respectively.

31

Macro

12M/Q4 Results

Overview Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Paying out 29% of Profit via Dividend Per Share of LKR 10.5 - Dividend Yield of 5.2%

Per share

2024

2025

Dividend Payout Ratio [%]

47.9

46.3

39.9

41.8

38.2

37.4

39.2

37.9

28.3

29.4

24.3

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Dividend Yield*

10%

9%

Industry Average

COMB Average

8%

7% Avg

6%

5%

4%

3%

2%

1%

0%

5.2%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

*Based on December 31st voting share price

COMB Average

32

Macro

12M/Q4 Results

Overview Income Expenses Impairments Balance sheet Bangladesh ROE

Capital Dividend Digital Pillar

Sustainability

Digital Pillar

Confidential- External

Digital Footprint Continues to Expand, Ongoing Investments into Enhancing Digital Capabilities

Making it easier for customers to enable users to enjoy complete suite of financial services

• ComBank Digital: State of the art integrated online platform (17% YoY growth in customer base & over 35% volume growth in 2025)

• Flash Digital Bank Account: A trilingual app (32% YoY growth in volume of

  transactions in 2025)

• Q+ Payment App: 1st QR based payment app to be certified under LANKAQR

• RemitPlus: Simplified worker remittances processes

  Deploying the latest payment technology to facilitate Business

• Positioned as the most advanced android POS in SL (28% YoY growth in transaction value in 2025)

• LANKAQR Payment Facilitation (13% YoY growth in QR Merchant base and 115% YoY growth in QR transaction value in 2024)

• Preferred IPG partner (28% YoY growth in IPG volume and 12% YoY growth in IPG

merchants in 2025)

8.0 Mn visits

3.0 Mn users

12.7 Mn page views

237,000+ users

1.8 Mn+ users

77,106+ users

1.96 Mn+ users

34

Sustainability Pillar

Confidential- External

Sustainability Framework

Guiding Principles and Standards:

▪

▪

CBSL Roadmap for Sustainable Finance in SL

CBSL Direction on Sustainable Finance Activities

▪

▪

▪

▪

Sustainable Banking Principles of Sri Lanka Banks' Association

United Nations Global Compact Principle

UN Sustainable Development Goals

GRI Standards - Issued by the Global Sustainability Standards

Boards (GSSB)

▪

▪

Sustainability Accounting Standards for Commercial Banks -

Sustainability Accounting Standards Board (SASB) of the IFRS

Foundation

Memberships and Affiliations:

• Sri Lanka Banks' Association Sustainable Banking Initiative - Core Group Member

▪

▪

▪

UN Global Compact Sri Lanka - Steering Committee

Biodiversity Sri Lanka

United Nations Development Programme

• International Finance Corporation

SUSTAINABLE BANKING

Responsible Financing

Financial Inclusion

Sustainable Products and

Services

RESPONSIBLE ORGANIZATION

Green and Safe Workplace

Workplace Culture

Sustainable Supply Chain

COMMUNITY ENGAGEMENT

Social Enterprise

Social Engagement

Environmental Engagement

36

Sustainability initiatives and milestones

• Committed for green finance up to Rs.100 Bn by 2030 [~USD 333 Mn]

• Green finance portfolio as at 31stDecember

  ~ LKR 71.2Bn [~USD 227.7 Mn]

• First bank to develop a Green Bond

  Framework: SPO by Sustainable Fitch

• The Tier 2 Green Bond issue of LKR 15 Bn was oversubscribed on the opening day of the issue. Up to 50% of the funds raised was allocated for refinancing of Eligible Green projects, while the remaining 50% of the funds will be allocated for granting new loans for the Eligible Green Projects.

• The issue enabled the bank to expand its Green Lending portfolio in the ordinary course of business over a period of twelve

  (12) months.

  • Our desire is to align our operations towards NetZero by 2050, supported by a climate transition plan. Sri Lanka's First 100% Carbon Neutral Bank

  • Committed for green finance up to Rs.100 Bn by 2030.

  • 100,000-tree planting campaign 'Trees for Tomorrow' with NWDB (This marks the second consecutive year of our 100,000-tree planting commitment under the 'Trees for Tomorrow' campaign - with this year's initiative launched in collaboration with NWDB)

  • 100-Hectare Reforestation Project in Kandegama & Planted over 12,000 mangroves along a 1.25 Km stretch in Koggala Lagoon.

  • Released 85,000 baby turtles into the sea at Panama beach.

  • Largest Lender to the SME Sector in Sri Lanka

  • 54.45% female recruitment in year 2025

  • CSR Trust surpassed Rs. 1.4 Bn. in total investment since inception, with over 74% of funds directed to education

  • 193,276 training hours in 2024

  • 67 CSR Projects & 277 Sustainability initiatives in 2024

• Dedicated Committees to drive sustainability: Executive Sustainability Committee and Sustainability Working

• Anti-money laundering

• Compensation policies

1stSri Lankan Bank to

become Carbon Neutral

1stBank in SL to implement a Social & Environmental Management System (SEMS) in 2010

1stSL Bank to become signatory to the 10 Principles of the UN Global Compact (UNGC) and the still the only Bank on the Steering Committee

Adoption of IFC Performance Standards.

1st Bank in SL to have a Green Financing Taxonomy, before regulation.

37