Seylan Bank PlcCSELK: SEYB.N0000

Interim Financial Statements for the 9 moths ended 30th September 2025

Oct 28, 2025 at 12:43 PM UTC · Issued by Seylan Bank PLC

‌Seylan Bank PLC‌‌

Interim Financial Statements

For the 09 Months Ended 30th September 2025

‌Seylan Bank records an impressive Profit after Tax (PAT) of LKR 8.33 Bn in Q3 2025

Profit before Income Tax - LKR 12,809 Mn up by 20.75%
Profit after Tax - LKR 8,327 Mn up by 26.30%
Return on Equity (ROE) of 15.08%
Total Capital Adequacy Ratio of 18.34%
Impaired Loans (Stage 3) Ratio at 1.48%

Seylan Bank recorded a Profit before Income Tax (PBT) of LKR 12,809 Mn in Q3 2025, against LKR 10,608 Mn in Q3 2024 demonstrating a growth of 20.75%.

For the 9 months ended 30 September 2025, Profit after Tax recorded by Seylan Bank was LKR 8,327 Mn a growth of 26.30% against LKR 6,593 Mn recorded in the corresponding period of 2024.

Statement of Financial Performance

Net interest income decreased from LKR 27,262 Mn to LKR 27,057 Mn, a marginal decrease of 0.75% over the previous year for the 9 months ended 30 September 2025 mainly due to the reduction in market interest rates and repricing of loans and deposits. The Bank's Net Interest Margin (NIM) also recorded a reduction from 4.90% in 2024 to 4.48% in Q3 2025. The Bank's net fee based income recorded a growth of 15.99% from LKR 5,829 Mn to LKR 6,761 Mn during Q3 2025, and growth was mainly attributed to fee income from Cards, Remittances, Trade and other financial services.

The Bank's total operating income for Q3 2025 was LKR 35,146 Mn, an increase of 2.57% compared to LKR 34,264 Mn recorded in the corresponding period of 2024, driven mainly by the increase net fee and commission income and other operating income during the period.

Total Operating Expenses recorded an increase of 9.38% from LKR 15,674 Mn in 2024 to LKR 17,144 Mn in 2025 for the 9 months ended 30 September 2025. Personnel expenses increased by 8.21% from LKR 8,085 Mn to LKR 8,749 Mn mainly due to increase in staff related expenses. Other Operating expenses and depreciation and amortization expenses too increased by 10.64% due to increase in prices of consumables and services over the period. The Bank continues to take relevant measures to curtail costs through various cost optimization initiatives.

The Bank recorded an impairment charge of LKR 772 Mn in Q3 2025 against LKR 4,150 Mn reported in Q3 2024, a reduction of 81.39%. The Bank has ensured impairment provisions are made to capture changes in global and local economy, credit risk profile of customers and the credit quality of the Bank's loan portfolio in order to ensure adequacy of provisions recognized in the financial statements. The Bank's Asset Quality Ratios of Impaired Loan (Stage 3) Ratio stood at an impressive 1.48% (2024 - 2.10%), while the Stage 3 Provision Cover Ratio stood at a strong 83.22% as at 30/09/2025, one of the highest in the banking industry.

Income tax expenses recorded as LKR 4,482 Mn which is a 11.64% increase over the comparative period, which stood at LKR 4,015 Mn. Value Added Tax on Financial Services increased for the first nine months from LKR 3,365 Mn to LKR 3,881 Mn in 2025 which is a 15.33% increase over the corresponding period. Social Security Contribution Levy increased for the first nine months from LKR 467 Mn to LKR 539 Mn in 2025 which is a 15.33% increase over the corresponding period.

Overall, Bank recorded a Profit after Tax (PAT) of LKR 8,327 Mn during Q3 2025 a growth of 26.30% over the corresponding period in 2024.

Statement of Financial Position

The Bank's total Assets increased from LKR 780 Bn to LKR 853 Bn during Q3 2025, demonstrating a steady growth over the last nine months in 2025. The Bank also made arrangements to canvass new to Bank Loans and Deposits while retaining it's existing customer base. Loans and Advances of the Bank were recorded at LKR 534 Bn a net growth of LKR 71 Bn, while Deposits were recorded at LKR 675 Bn a net growth of LKR 28 Bn during Q3 2025. The Bank's CASA ratio was maintained at 29%.

Key financial ratios and indicators

Key financial ratios and indicators of Seylan Bank PLC remained sound as of 30 September 2025. The capital adequacy ratios were well above the regulatory minimum requirements and recorded 12.24% as Common Equity Tier 1 Capital Ratio & Total Tier 1 Capital Ratio and 18.34% as the Total Capital Ratio.

The Bank maintained the Liquidity Coverage Ratio (LCR) well above the statutory requirement. All Currency LCR Ratio and the Rupee LCR Ratio were maintained at 317.20% and 276.57% respectively.

The Banks's Asset Quality Ratios of Impaired Loan (Stage 3) Ratio and the Impairment (Stage 3) Provision Cover Ratio stood at 1.48% (2024 - 2.10%) and 83.22% (2024 - 80.90%) respectively.

The Return on Equity (ROE) stood at 15.08% (2024 - 15.35%) and Return on Average Assets (profit before tax) stood at 2.12% (2024 - 2.14%) for the period under review.

The Bank's Earnings per Share stood at LKR 13.10 in Q3 2025 compared to LKR 10.37 reported in Q3 of the previous year. The Bank's Net Assets Value per Share stood at LKR 122.99 as at 30 September 2025 (Group LKR 126.33).

The Bank opened 20 "Seylan Pahasara Libraries" during the first nine months in 2025, taking the total number of libraries contributed to 285, which signifies the Bank's commitment to foster wider focus on education through building of libraries in under privileged schools across the island.

The Bank also successfully raised LKR 15 Bn Basel III compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable, 5 years and 10 years Debentures on 9th July 2025, which was oversubscribed on the same day itself.

Fitch Ratings upgraded the National Long-Term Rating of Seylan Bank to 'A+(lka)' by two notches with a Stable Outlook in 2025.

Seylan Bank PLC
Income Statement
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in Rupees Thousands)
		Bank			Bank

	For the Nine Months Ended			For the Quarter Ended
	30th September			30th September
	2025	2024	Growth	2025	2024	Growth
			%			%
Interest Income	60,066,268	63,696,556	(5.70)	20,647,128	19,750,787	4.54
Less : Interest Expenses	33,008,825	36,434,750	(9.40)	11,351,819	11,079,026	2.46
Net Interest Income	27,057,443	27,261,806	(0.75)	9,295,309	8,671,761	7.19
Fee and Commission Income	7,057,472	6,055,812	16.54	2,556,088	2,169,553	17.82
Less : Fee and Commission Expenses	296,884	227,235	30.65	111,501	79,878	39.59
Net Fee and Commission Income	6,760,588	5,828,577	15.99	2,444,587	2,089,675	16.98
Net Gains / (Losses) from Trading	89,797	189,200	(52.54)	(97,550)	37,595	(359.48)
Net Gains from Derecognition of Financial Assets	115,358	228,446	(49.50)	20,394	15,869	28.51
Net Other Operating Income	1,122,684	755,563	48.59	369,313	169,329	118.10
Total Operating Income	35,145,870	34,263,592	2.57	12,032,053	10,984,229	9.54
Less : Impairment Charges	772,287	4,149,782	(81.39)	281,331	1,194,117	(76.44)
Net Operating Income	34,373,583	30,113,810	14.15	11,750,722	9,790,112	20.03
Less : Operating Expenses
Personnel Expenses	8,748,772	8,085,327	8.21	2,947,636	2,713,586	8.63
Depreciation and Amortisation Expenses	1,037,955	982,329	5.66	352,629	335,237	5.19
Other Expenses	7,357,679	6,605,942	11.38	2,586,163	2,236,482	15.64
Total Operating Expenses	17,144,406	15,673,598	9.38	5,886,428	5,285,305	11.37

Operating Profit before Taxes	17,229,177	14,440,212	19.31	5,864,294	4,504,807	30.18
Less : Value Added Tax on Financial Services	3,880,724	3,364,804	15.33	1,316,437	1,078,399	22.07
Less : Social Security Contribution Levy	538,990	467,331	15.33	182,837	149,772	22.08
Profit before Income Tax	12,809,463	10,608,077	20.75	4,365,020	3,276,636	33.22
Less : Income Tax Expense	4,482,425	4,014,990	11.64	1,526,684	1,241,879	22.93
Profit for the Period	8,327,038	6,593,087	26.30	2,838,336	2,034,757	39.49
Basic/Diluted Earnings per Ordinary Share (Rs.)	13.10	10.37	26.33	4.47	3.20	39.69

Seylan Bank PLC
Statement of Profit or Loss and Other Comprehensive Income
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in Rupees Thousands)
		Bank			Bank

	For the Nine Months Ended			For the Quarter Ended
	30th September			30th September
	2025	2024	Growth	2025	2024	Growth
			%			%
Profit for the Period	8,327,038	6,593,087	26.30	2,838,336	2,034,757	39.49
Other Comprehensive Income/ (Loss), Net of Tax
Items that are or may be Reclassified to Income Statement in Subsequent Periods
Net Gains/(Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	1,068,766	(202,114)	628.79	(424,139)	(331,431)	(27.97)
Deferred Tax effect relating to items that are or may be Reclassified to Income Statement	(320,629)	61,504	(621.31)	127,243	100,299	26.86
Items that will never be Reclassified to Income Statement in Subsequent Periods
Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	841,939	44,392	1,796.60	170,222	7,582	2,145.08
Deferred Tax effect relating to items that will never be Reclassified to Income Statement	-	-	-	-	-	-
Other Comprehensive Income/ (Loss) for the Period, Net of Taxes	1,590,076	(96,218)	1,752.58	(126,674)	(223,550)	43.34
Total Comprehensive Income for the Period	9,917,114	6,496,869	52.64	2,711,662	1,811,207	49.72

Seylan Bank PLC
Income Statement
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in Rupees Thousands )
		Group			Group

	For the Nine Months Ended			For the Quarter Ended
	30th September			30th September
	2025	2024	Growth	2025	2024	Growth
			%			%
Interest Income	60,106,609	63,741,790	(5.70)	20,660,556	19,763,721	4.54
Less : Interest Expenses	32,765,235	36,195,703	(9.48)	11,270,494	11,002,950	2.43
Net Interest Income	27,341,374	27,546,087	(0.74)	9,390,062	8,760,771	7.18
Fee and Commission Income	7,057,347	6,055,591	16.54	2,556,080	2,169,446	17.82
Less : Fee and Commission Expenses	301,061	227,785	32.17	114,422	79,878	43.25
Net Fee and Commission Income	6,756,286	5,827,806	15.93	2,441,658	2,089,568	16.85
Net Gains / (Losses) from Trading	89,797	189,200	(52.54)	(97,550)	37,595	(359.48)
Net Gains from Derecognition of Financial Assets	115,358	228,446	(49.50)	20,394	15,869	28.51
Net Other Operating Income	1,080,066	724,013	49.18	408,219	193,116	111.39
Total Operating Income	35,382,881	34,515,552	2.51	12,162,783	11,096,919	9.61
Less : Impairment Charges	772,287	4,149,782	(81.39)	281,331	1,194,117	(76.44)
Net Operating Income	34,610,594	30,365,770	13.98	11,881,452	9,902,802	19.98
Less : Operating Expenses
Personnel Expenses	8,786,962	8,124,049	8.16	2,959,431	2,725,540	8.58
Depreciation and Amortization Expenses	1,075,472	1,026,902	4.73	364,744	348,215	4.75
Other Expenses	7,405,446	6,668,795	11.05	2,602,389	2,258,355	15.23
Total Operating Expenses	17,267,880	15,819,746	9.15	5,926,564	5,332,110	11.15

Operating Profit before Taxes	17,342,714	14,546,024	19.23	5,954,888	4,570,692	30.28
Less : Value Added Tax on Financial Services	3,880,724	3,364,804	15.33	1,316,437	1,078,399	22.07
Less : Social Security Contribution Levy	538,990	467,331	15.33	182,837	149,772	22.08
Profit before Income Tax	12,923,000	10,713,889	20.62	4,455,614	3,342,521	33.30
Less : Income Tax Expense	4,552,538	4,086,426	11.41	1,551,439	1,266,033	22.54
Profit for the Period	8,370,462	6,627,463	26.30	2,904,175	2,076,488	39.86
Profit Attributable to :
Equity Holders of the Bank	8,330,425	6,604,193	26.14	2,887,512	2,065,926	39.77
Non-Controlling Interest	40,037	23,270	72.05	16,663	10,562	57.76
Profit for the Period	8,370,462	6,627,463	26.30	2,904,175	2,076,488	39.86
Basic/Diluted Earnings per Ordinary Share (Rs.)	13.11	10.39	26.18	4.54	3.25	39.69

Seylan Bank PLC
Statement of Profit or Loss and Other Comprehensive Income
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in Rupees Thousands )
		Group			Group

	For the Nine Months Ended			For the Quarter Ended
	30th September			30th September
	2025	2024	Growth	2025	2024	Growth
			%			%
Profit for the Period	8,370,462	6,627,463	26.30	2,904,175	2,076,488	39.86
Other Comprehensive Income/ (Loss), Net of Tax
Items that are or may be Reclassified to Income Statement in Subsequent Periods
Net Gains/(Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	1,067,485	(187,981)	667.87	(428,851)	(337,211)	(27.18)
Deferred Tax effect relating to items that are or may be Reclassified to Income Statement	(320,245)	57,264	(659.24)	128,656	102,033	26.09
Items that will never be Reclassified to Income Statement in Subsequent Periods
Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	841,939	44,392	1,796.60	170,222	7,582	2,145.08
Deferred Tax effect relating to items that will never be Reclassified to Income Statement	-	-	-	-	-	-
Other Comprehensive Income/(Loss) for the Period, Net of Taxes	1,589,179	(86,325)	1,940.93	(129,973)	(227,596)	42.89
Total Comprehensive Income for the Period	9,959,641	6,541,138	52.26	2,774,202	1,848,892	50.05
Attributable to :
Equity Holders of the Bank	9,919,831	6,514,873	52.26	2,758,374	1,839,354	49.96
Non-Controlling Interest	39,810	26,265	51.57	15,828	9,538	65.95
Total Comprehensive Income for the Period	9,959,641	6,541,138	52.26	2,774,202	1,848,892	50.05

‌Seylan Bank PLC
Statement of Financial Position
(In terms of Rule 7.4 of the Colombo Stock Exchange)
(Amounts in Rupees Thousands)
		Bank				Group
	As at	As at	Growth		As at	As at	Growth
	30.09.2025	31.12.2024	%		30.09.2025	31.12.2024	%
		(Audited)				(Audited)
Assets
Cash and Cash Equivalents	18,964,213	17,384,396	9.09		18,964,214	17,384,436	9.09
Balances with Central Bank of Sri Lanka	5,263,491	8,719,115	(39.63)		5,263,491	8,719,115	(39.63)
Placements with Banks and Finance Companies	30,608,931	50,156,002	(38.97)		30,608,931	50,156,002	(38.97)
Derivative Financial Instruments	10,484	17,398	(39.74)		10,484	17,398	(39.74)
Financial Assets recognized through Profit or Loss
- Measured at Fair Value	13,198,000	21,454,098	(38.48)		13,198,000	21,454,098	(38.48)
- Designated at Fair Value	-	-	-		-	-	-
Financial Assets at Amortized Cost
- Loans and Advances	533,755,460	462,950,751	15.29		533,755,460	462,950,751	15.29
- Debt and Other Instruments	132,633,152	136,224,930	(2.64)		132,727,864	136,314,858	(2.63)
Financial Assets measured at Fair Value through Other Comprehensive Income	92,892,528	56,248,530	65.15		93,256,493	56,615,939	64.72
Investment in Subsidiary	1,153,602	1,153,602	-		-	-	-
Group Balances Receivable	40,480	40,300	0.45		-	-	-
Property, Plant & Equipment	5,011,747	5,100,594	(1.74)		7,794,734	7,923,121	(1.62)
Right-of-use Assets	5,399,377	5,189,444	4.05		3,023,190	2,784,310	8.58
Investment Properties	-	-	-		818,396	857,391	(4.55)
Intangible Assets	697,968	669,783	4.21		697,968	669,783	4.21
Deferred Tax Assets	-	205,963	(100.00)		-	-	-
Other Assets	13,510,684	14,174,933	(4.69)		13,565,591	14,219,975	(4.60)
Total Assets	853,140,117	779,689,839	9.42		853,684,816	780,067,177	9.44
Liabilities
Due to Banks	22,537,256	8,141,795	176.81		22,537,256	8,141,795	176.81
Derivative Financial Instruments	41,817	809	5,068.97		41,817	809	5,068.97
Financial Liabilities at Amortized Cost
- Due to Depositors	674,854,107	646,817,333	4.33		674,854,107	646,817,333	4.33
- Due to Debt Securities Holders	5,039,607	1,461,944	244.72		5,039,607	1,461,944	244.72
- Due to Other Borrowers	18,385	23,731	(22.53)		18,385	23,731	(22.53)
Group Balances Payable	140,690	98,942	42.19		-	-	-
Debt Securities Issued	38,989,658	25,128,383	55.16		38,989,658	25,128,383	55.16
Retirement Benefit Obligations	3,785,783	3,600,641	5.14		3,781,145	3,596,003	5.15
Current Tax Liabilities	3,530,986	1,489,697	137.03		3,556,302	1,523,304	133.46
Deferred Tax Liabilities	114,547	-	-		791,576	456,468	73.41
Lease Liabilities	5,900,609	5,613,107	5.12		2,711,081	2,430,915	11.53
Other Liabilities	20,005,852	16,824,985	18.91		19,992,086	16,810,680	18.92
Total Liabilities	774,959,297	709,201,367	9.27		772,313,020	706,391,365	9.33
Equity
Stated Capital	21,693,370	21,693,370	-		21,693,370	21,693,370	-
Statutory Reserve Fund	3,383,537	3,383,537	-		3,383,537	3,383,537	-
Fair Value through Other Comprehensive Income Reserve	2,065,530	530,760	289.16		2,048,000	513,900	298.52
Retained Earnings	47,636,808	41,525,916	14.72		48,474,868	42,360,589	14.43
Other Reserves	3,401,575	3,354,889	1.39		4,700,208	4,653,522	1.00
Total Shareholders' Equity	78,180,820	70,488,472	10.91		80,299,983	72,604,918	10.60
Non-controlling Interest	-	-	-		1,071,813	1,070,894	0.09
Total Equity	78,180,820	70,488,472	10.91		81,371,796	73,675,812	10.45

Total Equity & Liabilities	853,140,117	779,689,839	9.42		853,684,816	780,067,177	9.44

Contingent Liabilities and Commitments	275,490,485	180,816,364	52.36		275,495,100	180,821,071	52.36

Memorandum Information
Number of Employees	3,252	3,211	1.28		3,270	3,227	1.33
Number of Banking Centres	170	170	-		170	170	-

Net Assets Value per Ordinary Share (Rs.)	122.99	110.89	10.91		126.33	114.22	10.60
Certification;
I certify that the above Financial Statements are in compliance with the requirements of the Companies Act No. 07 of 2007.
(Sgd.)
Shanuka Jayarathna
Chief Financial Officer - Designate
We the undersigned, being the Chairman, Director/ Chief Executive Officer of Seylan Bank PLC certify jointly that,
a ) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka; and
b ) the information contained in these statements have been extracted from the un-audited financial statements of the Bank & Group unless indicated as audited .
(Sgd.)				(Sgd.)
Justice Buwaneka Aluwihare PC				Ramesh Jayasekara
Chairman				Director/Chief Executive Officer
October 28, 2025
Colombo		5

Seylan Bank PLC Statement of Changes in Equity For the Nine Months ended 30th September - Bank

(Amounts in Rupees Thousands )

	Stated	Capital	Statutory	Retained		Other Reserves			Total
	Ordinary Shares - Voting	Ordinary Shares - Non Voting	Reserve Fund *	Earnings	Revaluation Reserve	FVOCI Reserve **	Special Reserve ***	Other Reserves

1 Balance as at 01st January 2024	12,794,664	8,114,009	2,880,973	34,846,140	1,374,219	(203,999)	-	700,575	60,506,581
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	6,593,087	-	-	-	-	6,593,087
Other Comprehensive Income (net of tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	(140,610)	-	-	(140,610)
- Net Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	44,392	-	-	44,392
2 Total Comprehensive Income for the Period	-	-	-	6,593,087	-	(96,218)	-	-	6,496,869
Transactions with Equity Holders , Recognized Directly In Equity
Cash / Scrip Dividends to Equity Holders	378,313	406,384	-	(1,538,623)	-	-	-	-	(753,926)
Net Gain on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	2,898	-	(2,898)	-	-	-
3 Total Transactions with Equity Holders	378,313	406,384	-	(1,535,725)	-	(2,898)	-	-	(753,926)

Balance as at 30th September 2024 (1+ 2 + 3 )	13,172,977	8,520,393	2,880,973	39,903,502	1,374,219	(303,115)	-	700,575	66,249,524

1 Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	41,525,916	2,070,817	530,760	583,497	700,575	70,488,472
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	8,327,038	-	-		-	8,327,038
Other Comprehensive Income (net of tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	748,137		-	748,137
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	841,939		-	841,939
2 Total Comprehensive Income for the Period	-	-	-	8,327,038	-	1,590,076		-	9,917,114
Transactions with Equity Holders , Recognized Directly In Equity
Cash Dividends to Equity Holders	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)
Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	55,306	-	(55,306)	-	-	-
Transferred to Special Reserve	-	-	-	(46,686)	-	-	46,686	-	-
3 Total Transactions with Equity Holders	-	-	-	(2,216,146)	-	(55,306)	46,686	-	(2,224,766)

Balance as at 30th September 2025 (1 + 2 + 3)	13,172,977	8,520,393	3,383,537	47,636,808	2,070,817	2,065,530	630,183	700,575	78,180,820

* Statutory Reserve Fund represents the statutory requirement in terms of the Section 20(1) and (2) of the Banking Act No. 30 of 1988 (5% of net profit after tax).

** FVOCI Reserve - Fair Value through Other Comprehensive Income Reserve.

*** Special Reserve was created for Restructured International Sovereign Bonds as per CBSL Instructions (02/17/500/0819/016) dated 13 Feb 2025 and included in other reserves.

‌Seylan Bank PLC

Statement of Changes in Equity

For the Nine Months ended 30th September - Group

(Amounts in Rupees Thousands)

Stated Capital Statutory Retained Other Reserves Total Non- Total Equity Ordinary Shares - Ordinary Shares - Reserve Fund Earnings Revaluation FVOCI Reserve Special Reserve Other Reserves Controlling Interest Voting Non Voting * Reserve ** ***

1 Balance as at 01st January 2024	12,794,664	8,114,009	2,880,973	35,540,973	2,329,017	(233,618)	-	955,788	62,381,806	1,316,044	63,697,850
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	6,604,193	-	-	-	-	6,604,193	23,270	6,627,463
Other Comprehensive Income (Net of Tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	(133,712)	-	-	(133,712)	2,995	(130,717)
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	44,392	-	-	44,392	-	44,392
2 Total Comprehensive Income for the Period	-	-	-	6,604,193	-	(89,320)	-	-	6,514,873	26,265	6,541,138
Transactions with Equity Holders , Recognized Directly In Equity
Cash / Scrip Dividends to Equity Holders	378,313	406,384	-	(1,538,623)	-	-	-	-	(753,926)	(35,355)	(789,281)
Net Gain on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	2,898	-	(2,898)	-	-	-	-	-
Acquisition of Non-Controlling Interest	-	-	-	76,749	151	(1,227)	-	21,954	97,627	(276,732)	(179,105)
3 Total Transactions with Equity Holders	378,313	406,384	-	(1,458,976)	151	(4,125)	-	21,954	(656,299)	(312,087)	(968,386)

Balance as at 30th September 2024 (1+ 2 + 3)	13,172,977	8,520,393	2,880,973	40,686,190	2,329,168	(327,063)	-	977,742	68,240,380	1,030,222	69,270,602

1 Balance as at 01st January 2025	13,172,977	8,520,393	3,383,537	42,360,589	3,092,283	513,900	583,497	977,742	72,604,918	1,070,894	73,675,812
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	8,330,425	-	-	-	-	8,330,425	40,037	8,370,462
Other Comprehensive Income (Net of Tax)
- Net Gains / (Losses) on Investments in Debt Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	747,467	-	-	747,467	(227)	747,240
- Change in Fair Value on Investments in Equity Instruments measured at Fair Value through Other Comprehensive Income	-	-	-	-	-	841,939	-	-	841,939	-	841,939
2 Total Comprehensive Income for the Period	-	-	-	8,330,425	-	1,589,406	-	-	9,919,831	39,810	9,959,641
Transactions with Equity Holders , Recognized Directly In Equity Cash Dividends to Equity Holders	-	-	-	(2,224,766)	-	-	-	-	(2,224,766)	(38,891)	(2,263,657)
Net Gains on Disposal of Equity Investments measured at Fair Value through Other Comprehensive Income	-	-	-	55,306	-	(55,306)	-	-	-	-	-
Transferred to Special Reserve	-	-	-	(46,686)	-	-	46,686	-	-	-	-
3 Total Transactions with Equity Holders	-	-	-	(2,216,146)	-	(55,306)	46,686	-	(2,224,766)	(38,891)	(2,263,657)

Balance as at 30th September 2025 (1 + 2 + 3)	13,172,977	8,520,393	3,383,537	48,474,868	3,092,283	2,048,000	630,183	977,742	80,299,983	1,071,813	81,371,796

* Statutory Reserve Fund represents the statutory requirement in terms of the Section 20(1) and (2) of the Banking Act No. 30 of 1988 (5% of net profit after tax).

** FVOCI Reserve - Fair Value through Other Comprehensive Income Reserve.

*** Special Reserve was created for Restructured International Sovereign Bonds as per CBSL Instructions (02/17/500/0819/016) dated 13 Feb 2025 and included in other reserves.

Statement of Cash Flows	Bank		Group
For the Nine months ended 30th September	2025	2024	2025	2024
	LKR '000	LKR '000	LKR '000	LKR '000
Cash Flows from Operating Activities
Interest Receipts	57,987,907	66,818,628	58,028,248	66,863,862
Interest Payments	(28,590,782)	(38,749,277)	(28,586,098)	(38,743,369)
Net Fee and Commission Receipts	6,760,588	5,828,577	6,756,286	5,827,806
Trading Income	209,577	39,944	209,577	39,944
Payments to Employees	(8,326,702)	(7,392,376)	(8,364,892)	(7,427,339)
VAT and SSCL on Financial Services Paid	(4,768,611)	(3,728,057)	(4,818,567)	(3,728,057)
Receipts from Other Operating Activities	1,208,450	716,950	1,263,383	789,732
Payments on Other Operating Activities	(8,154,685)	(5,717,670)	(8,202,452)	(5,807,589)
Operating Profit before Changes in Operating Assets and Liabilities	16,325,742	17,816,719	16,285,485	17,814,990
(Increase)/Decrease in Operating Assets :
Balances with Central Bank of Sri Lanka	3,455,624	(2,550,175)	3,455,624	(2,550,175)
Financial Assets at Amortized cost - Loans and Advances	(71,211,748)	(10,577,071)	(71,211,748)	(10,577,071)
Other Assets	124,976	(910,791)	86,344	(898,429)
Increase/(Decrease) in Operating Liabilities :
Financial Liabilities at Amortized Cost - Due to Depositors	27,161,578	12,177,955	27,161,578	12,150,283
Financial Liabilities at Amortized Cost - Due to Debt Securities Holders	3,558,188	(3,172,470)	3,558,188	(3,172,470)
Financial Liabilities at Amortized Cost - Due to Other Borrowers	(5,346)	2,877	(5,346)	2,877
Other Liabilities	3,886,491	231,204	4,127,939	24,951
Due to Banks	14,395,461	353,150	14,395,461	353,150
Cash Generated from Operating Activities before Income Tax	(2,309,034)	13,371,398	(2,146,475)	13,148,106
Income Tax Paid	(2,383,242)	(3,403,467)	(2,420,919)	(3,439,925)
Net Cash (Used in )/ Generated from Operating Activities	(4,692,276)	9,967,931	(4,567,394)	9,708,181
Cash Flows from Investing Activities
Purchase of Property , Plant & Equipment	(418,969)	(519,698)	(419,970)	(521,612)
Improvements in Investment Properties	-	-	(3,135)	(1,497)
Proceeds from Sale of Investment Properties	-	-	16,500	-
Proceeds from Sale of Property , Plant & Equipment	398	227	398	227
Net Cash Flow from Financial Assets - FVTPL	8,727,163	3,770,661	8,727,163	3,798,849
Net Cash Flow from Debt Instruments at Amortised Cost	4,021,211	(12,055,408)	4,021,211	(12,055,408)
Net Cash Flow from Financial Assets - FVOCI	(34,491,068)	(6,078,091)	(34,492,408)	(6,078,091)
Reverse Repurchase Agreements	559,297	(2,307,927)	559,297	(2,307,927)
Net Purchase of Intangible Assets	(179,563)	(166,812)	(179,563)	(166,812)
Dividend Received from Investment in Subsidiaries	97,550	88,682	-	-
Dividend Received from Other Investments	28,521	4,774	28,521	4,774
Net Cash Used in Investing Activities	(21,655,460)	(17,263,592)	(21,741,986)	(17,327,497)
Cash Flows from Financing Activities
Net Proceeds from the Issue of Subordinated Debt	15,000,000	10,000,000	15,000,000	10,000,000
Repayment of Subordinated Debt	(715,000)	(5,000,000)	(715,000)	(4,971,000)
Interest Paid on Subordinated Debt	(3,421,006)	(2,672,779)	(3,421,006)	(2,672,779)
Dividend Paid to Non-Controlling Interest	-	-	(38,893)	(44,331)
Dividend Paid to Shareholders of the Bank	(1,891,051)	(535,793)	(1,891,051)	(551,443)
Repayment of Principal Portion of Lease Liabilities	(693,985)	(672,554)	(693,985)	(445,742)
Net Cash Generated from Financing Activities	8,278,958	1,118,874	8,240,065	1,314,705
Net Increase in Cash and Cash Equivalents	(18,068,778)	(6,176,787)	(18,069,315)	(6,304,611)
Cash and Cash Equivalents at Beginning of the Year	67,641,922	71,210,384	67,642,460	71,210,922
Cash and Cash Equivalents at End of the Period	49,573,144	65,033,597	49,573,145	64,906,311

‌EXPLANATORY NOTES

General
The Financial Statements of the Bank and Group have been prepared in accordance with the Sri Lanka Accounting
Standards (SLFRSs/LKASs) issued by The Institute of Chartered Accountants of Sri Lanka.
There are no changes to the accounting policies and methods of computation since the publication of the last Annual Report.
The Interim Financial Statements of the Bank and the Group have been prepared and presented in accordance with the Sri Lanka Accounting Standards (LKAS/SLFRS) and provided necessary disclosure to comply with LKAS 34, Interim Financial Reporting.
The Group Financial Statements comprise of the consolidated Financial Statements of the Bank and its subsidiary Seylan Developments PLC (74.69%).

Information on Ordinary Shares

Market Price (LKR)	30/09/2025		30/09/2024
	Voting	Non-Voting	Voting	Non-Voting
Market Price Per Share	99.90	71.10	47.50	38.50
Highest price per share during the quarter ended	107.00	76.00	51.00	39.80
Lowest price per share during the quarter ended	76.40	57.60	40.10	32.00

Stated Capital as at September 30, 2025	No. of Shares	Stated Capital (LKR.'000)
Ordinary Voting	305,236,937	13,172,977
Ordinary Non-Voting	330,410,398	8,520,393
Total	635,647,335	21,693,370

Shareholders Information

Twenty Largest Ordinary Voting Shareholders as at September 30, 2025

		No. of Shares	%
1	Brown & Company PLC A/C No. 1	31,979,642	10.48
2	Sri Lanka Insurance Corporation Ltd - General Fund	30,523,687	10.00
3	Employee's Provident Fund	30,088,766	9.86
4	Sampath Bank PLC / LOLC Investments Ltd	28,559,742	9.36
5	National Development Bank PLC	26,631,495	8.72
6	Sampath Bank PLC / Ambeon Holdings PLC	25,000,000	8.19
7	Seylan Bank PLC A/C No.04 - Employees Gratuity Trust Fund	20,236,610	6.63
8	Mr. K.D.D. Perera	19,960,000	6.54
9	Bank of Ceylon No. 1 Account	17,169,574	5.62
10	Sri Lanka Insurance Corporation Ltd - Life Fund	15,261,841	5.00
11	Sampath Bank PLC / Brown and Company PLC	10,371,776	3.40
12	Employees Trust Fund Board	6,113,359	2.00
13	Ambeon Holdings PLC	4,296,829	1.41
14	NDB Capital Holdings Limited Account No - 02	2,391,656	0.78
15	Deutsche Bank AG As Trustee To Assetline Income Plus Growth Fund	2,000,000	0.66
16	EMFI Capital Limited	1,679,940	0.55
17	Est.of Late M.J. Fernando	1,541,336	0.50
18	Mr. K.R.B. Fernando	1,320,731	0.43
19	First Capital Assetmanagement / M.J.F. Exports (Pvt) Limited	1,055,348	0.35
20	DFCC Bank PLC/Ambeon Holdings PLC	1,000,000	0.33

Twenty Largest Ordinary Non-Voting Shareholders as at September 30, 2025

		No. of Shares	%
1	Sampath Bank PLC / LOLC Holdings PLC	146,722,737	44.41
2	L O L C Holdings PLC	23,775,575	7.20
3	Employee's Provident Fund	17,623,958	5.33
4	Akbar Brothers Pvt Ltd A/C No 1	7,241,772	2.19
5	Hatton National Bank PLC - Capital Alliance Quantitative Equity Fund	5,180,328	1.57
6	Auerbach Grayson and Company LLC	4,526,357	1.37
7	Sampath Bank PLC / Andaradeniya Estate Private Limited	3,536,313	1.07
8	First Capital Assetmanagement / Merrill J Fernando & Sons (Pvt) Limited	3,010,000	0.91
9	Commercial Bank of Ceylon PLC / W. Jinadasa	2,950,000	0.89
10	L O L C Technology Services Limited	2,885,232	0.87
11	Mr. N. Balasingam	2,584,925	0.78
12	J.B. Cocoshell (Pvt) Ltd	2,515,708	0.76
13	Janashakthi Insurance PLC - Shareholders	2,450,000	0.74
14	Hatton National Bank PLC / Arunasalam Sithampalam	2,239,527	0.68
15	Mr. R. Gautam	1,918,300	0.58
16	Est. of Late M.J. Fernando	1,808,938	0.55
17	Employees Trust Fund Board	1,742,322	0.53
18	Bank of Ceylon - First Capital Equity Fund	1,728,883	0.52
19	Capital Alliance PLC	1,700,000	0.51
20	Mr. R.R. Leon	1,600,000	0.48

Public Holding as at September 30, 2025

The Bank is compliant under Option 1 of the Section 7.13.1 of the Rules of the Colombo Stock Exchange (Minimum Public Holding requirement).

	Ordinary Voting Shares (Option 1)	Ordinary Non- Voting Shares (Option 1)
Float adjusted market capitalization	LKR 16.731 Bn	LKR 11.121 Bn
Public Holding Percentage	54.87%	47.34%
No. of Public shareholders	11,086	7,898

Directors' and Chief Executive Officer's Shareholdings as at September 30, 2025 Name of Director No. of Shares
(Ordinary Voting)
No. of Shares
(Ordinary Non-Voting)
Justice Buwaneka P. Aluwihare PC, Independent Director/ Chairman Nil Nil
Mr. R. J. Jayasekara, Director/Chief Executive Officer 728 35,174
Mrs. S. K. Salgado, Senior Independent Director Nil Nil
Mr. D. M. D. K. Thilakaratne, Non-Executive Director Nil Nil
Mr. D. M. Rupasinghe, Independent Director Mr. L. H. A. L. Silva, Independent Director
Mrs. V. G. S. S. Kotakadeniya, Non-Executive Director
Nil Nil Nil
Nil Nil Nil
Mrs. A. A. Ludowyke, Independent Director Nil Nil
Basic/ Diluted Earnings per Share
Basic Earnings per share has been calculated by dividing profit after tax attributable to the equity holders of the Bank by the weighted average number of shares in issue (both Voting and Non- voting) during the period ended September 30, 2025. Diluted Earnings per Share and the Basic Earnings per Share is the same due to non-availability of potentially dilutive ordinary shares.

Events after the Reporting Date

Debenture Issue

The Bank declared an initial issue up to Fifty Million (50,000,000) Basel III Compliant, Tier 2, Listed, Rated, Unsecured, Subordinated, Redeemable 5-year and 10 year Debentures (2025/2030 and 2025/35 respectively) with a Non-Viability Conversion ("Debentures"), of the par value of LKR 100/- each, with an option to issue up to a further Seventy Five Million (75,000,000) of the said Debentures at the discretion of the Bank in the event of an over-subscription of the initial issue and with a further option to issue up to a further Twenty Five Million (25,000,000) of the said Debentures at the discretion of the Bank in the event of an over-subscription of the initial issue and the second tranche, to raise up to a maximum amount of Sri Lankan Rupees Fifteen Billion (LKR 15,000,000,000/-). The Bank opened the said debenture issue on 9th July 2025, and was oversubscribed on the same day. Based on the Basis of Allotment declared in the Debenture Prospectus, One Hundred and Fifty Million (150,000,000) of debentures at a par value of LKR 100/- each as referred above, totaling to Sri Lankan Rupees Fifteen Billion (LKR 15,000,000,000/-) were allotted to qualified investors on 18th July 2025.

Debenture Issue Proceeds Utilization as at 30.09.2025

No:	Objective as per Prospectus	Proposed date of utilization as per prospectus	Amount allocated as per prospectus in LKR	Amount allocated from proceeds in LKR (A)	% of total proceeds	Amount utilized in LKR (B)	% of Utilized against allocation (B/A)	Details if not fully utilized
1	To strengthen the Tier 2 Capital base of the Bank as per BASEL III requirements by the issue of subordinated debentures	With effect from the Date of Allotment	15 Bn (Initial issue of LKR 5 Bn and a maximum issue of LKR 15 Bn)	15 Bn	100%	15 Bn	100%	N/A
2	Grow the lending portfolio, especially in segments such as Small and Medium Enterprises (SME) and Export oriented industries.	Over a period of twelve (12) months from the Date of Allotment
3	Reduce Maturity gaps in the Assets and Liabilities of the Bank

Other Matters
1. Expected Credit Loss Computation
  The Bank's estimated Expected Credit Loss (ECL) was based on the Probability of Default (PD), Loss Given Default (LGD) as at September 30, 2025 and Economic Factor Adjustment (EFA) applying the recent forecasts and projections. Further, the Bank has adjusted the additional provisions made as management overlay, based on the changes to the assessment of significant increase in credit risk.
2. Statement of Alternative Treatment (SoAT) on Reclassification of Debt Portfolio
  The Bank has adopted the above SoAT on Reclassification of Debt Portfolio, issued by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and re-classified its Debt Portfolio of LKR 24.83 Bn from Fair Value Through Other Comprehensive Income (FVOCI) to Amortized Cost (AC) with effect from 01 April 2022, being the 1st day of the reporting period of the quarter ended 30 June 2022, as a one-off reclassification and accounted for in the financials for the six months ended 30 June 2022.
  If the assets lying in the current portfolio had continued to be measured as Fair Value through Other Comprehensive Income, the fair value and the cumulative mark to market loss as at September 30, 2025 would have been Rs. 891 Mn and Rs. 30 Mn respectively.
Comparative Figures

Comparative figures have been re-classified where necessary, to conform to the current period presentation.

During the quarter there were no material changes in Contingent Liabilities, composition of Assets and Liabilities and use of funds raised by the Bank.

All known expenditure items have been provided in these Interim Accounts.

9. Seylan Bank PLC
Segment Reporting (Group)								(Amounts in Rupee Thousands)
	Banking		Treasury		Property/ Investments		Unallocated/ Eliminations		Total
	30.09.2025	30.09.2024	30.09.2025	30.09.2024	30.09.2025	30.09.2024	30.09.2025	30.09.2024	30.09.2025	30.09.2024
Interest Income	48,110,501	54,513,818	12,437,310	9,809,070	45,094	51,723	(486,296)	(632,821)	60,106,609	63,741,790
Less: Interest Expenses	28,813,017	33,050,997	4,035,334	3,256,999	69	581	(83,185)	(112,874)	32,765,235	36,195,703
Net Interest Income	19,297,484	21,462,821	8,401,976	6,552,071	45,025	51,142	(403,111)	(519,947)	27,341,374	27,546,087
Fee and Commission Income	7,046,167	6,039,474	6,880	8,065	-	-	4,300	8,052	7,057,347	6,055,591
Less : Fee and Commission Expenses	268,769	214,564	28,115	12,671	4,177	550	-	-	301,061	227,785
Net Fee and Commission Income	6,777,398	5,824,910	(21,235)	(4,606)	(4,177)	(550)	4,300	8,052	6,756,286	5,827,806
Net Gains from Trading	-	-	89,797	189,200	-	-	-	-	89,797	189,200
Net Gains from Derecognition of Financial Assets	-	-	115,358	228,446	-	-	-	-	115,358	228,446
Net Other Operating Income	297,298	375,056	825,392	380,520	308,627	300,777	(351,251)	(332,340)	1,080,066	724,013
Inter Segment Revenue	(102,299)	(107,408)	-	-	-	-	102,299	107,408	-	-
Total Operating Income	26,269,881	27,555,379	9,411,288	7,345,631	349,475	351,369	(647,763)	(736,827)	35,382,881	34,515,552
Less : Depreciation and Amortization Expenses	637,466	581,231	13,325	11,395	827	914	423,854	433,362	1,075,472	1,026,902
Less : Impairment Charges	686,401	4,071,916	85,886	77,866	-	-	-	-	772,287	4,149,782
Less : Operating Expenses, VAT & SSCL on Financial Services	14,938,546	13,556,952	1,754,337	1,570,180	90,992	102,979	3,828,247	3,394,868	20,612,122	18,624,979
Reportable Segment Profit Before Income Tax	10,007,468	9,345,280	7,557,740	5,686,190	257,656	247,476	(4,899,864)	(4,565,057)	12,923,000	10,713,889
Less : Income Tax Expense									4,552,538	4,086,426
Profit For The Period									8,370,462	6,627,463
Profit Attributable To:
Equity Holders of The Bank									8,330,425	6,604,193
Non-controlling Interests									40,037	23,270
Profit For The Period									8,370,462	6,627,463

Other Comprehensive Income, Net of Income Tax									1,589,179	(86,325)
Other Information
Total Assets	544,273,984	478,934,173	287,363,853	235,051,464	6,647,837	6,427,778	15,399,142	13,085,008	853,684,816	733,498,423
Total Liabilities & Equity	713,319,859	635,592,952	106,646,525	70,007,779	6,647,837	6,427,778	27,070,595	21,469,914	853,684,816	733,498,423
Cash Flows from Operating Activities	(7,980,646)	8,226,171	7,656,951	5,775,450	143,979	131,626	(4,387,678)	(4,425,066)	(4,567,394)	9,708,181
Cash Flows from Investing Activities	(295,631)	(502,580)	(21,060,530)	(16,259,372)	4,515	(39,472)	(390,340)	(526,073)	(21,741,986)	(17,327,497)
Cash Flows from Financing Activities	(693,985)	(672,554)	8,972,943	1,791,428	(153,657)	(318,793)	114,764	514,624	8,240,065	1,314,705
Capital Expenditure	(295,630)	(502,807)	(3,603)	(18,963)	(4,430)	(3,411)	(299,005)	(164,740)	(602,668)	(689,921)

	Seylan Bank PLC
10	Analysis of Financial Instruments by Measurement Basis - Bank
				(Amounts in Rupees Thousands )
			30.09.2025
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	18,964,213	18,964,213
	Balances with Central Bank of Sri Lanka	-	-	5,263,491	5,263,491
	Placements with Banks and Finance Companies	-	-	30,608,931	30,608,931
	Derivative Financial Instruments	10,484	-	-	10,484
	Securities Purchased under Resale Agreements	-	-	2,801,538	2,801,538
	Customer Loans and Advances	-	-	533,755,460	533,755,460
	Debt Instruments	-	-	710,282	710,282
	Equity Instruments	285,456	2,948,948	-	3,234,404
	Government Securities	12,912,544	89,943,580	129,121,332	231,977,456
	Group Balances Receivable	-	-	40,480	40,480
	Other Financial Assets	-	-	8,895,739	8,895,739
	Total Financial Assets	13,208,484	92,892,528	730,161,466	836,262,478
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	22,537,256	22,537,256
	Derivative Financial Instruments		41,817	-	41,817
	Due to Depositors		-	674,854,107	674,854,107
	Securities Sold under Repurchase Agreements		-	5,039,607	5,039,607
	Due to Other Borrowers		-	18,385	18,385
	Group Balances Payable		-	140,690	140,690
	Debt Securities Issued		-	38,989,658	38,989,658
	Lease Liabilities		-	5,900,609	5,900,609
	Other Financial Liabilities		-	9,734,479	9,734,479
	Total Financial Liabilities		41,817	757,214,791	757,256,608

			31.12.2024
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	17,384,396	17,384,396
	Balances with Central Bank of Sri Lanka	-	-	8,719,115	8,719,115
	Placements with Banks and Finance Companies	-	-	50,156,002	50,156,002
	Derivative Financial Instruments	17,398	-	-	17,398
	Securities Purchased under Resale Agreements	-	-	3,684,374	3,684,374
	Customer Loans and Advances	-	-	462,950,751	462,950,751
	Debt Instruments	-	-	716,243	716,243
	Equity Instruments	-	2,176,270	-	2,176,270
	Government Securities	21,454,098	54,072,260	131,824,313	207,350,671
	Group Balances Receivable	-	-	40,300	40,300
	Other Financial Assets	-	-	9,450,678	9,450,678
	Total Financial Assets	21,471,496	56,248,530	684,926,172	762,646,198
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	8,141,795	8,141,795
	Derivative Financial Instruments		809	-	809
	Due to Depositors		-	646,817,333	646,817,333
	Securities Sold under Repurchase Agreements		-	1,461,944	1,461,944
	Due to other Borrowers		-	23,731	23,731
	Group Balances Payable		-	98,942	98,942
	Debt Securities Issued		-	25,128,383	25,128,383
	Lease Liabilities		-	5,613,107	5,613,107
	Other Financial Liabilities		-	8,101,357	8,101,357
	Total Financial Liabilities		809	695,386,592	695,387,401

	Seylan Bank PLC
10	Analysis of Financial Instruments by Measurement Basis - Group
				(Amounts in Rupees Thousands)
			30.09.2025
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	18,964,214	18,964,214
	Balances with Central Bank of Sri Lanka	-	-	5,263,491	5,263,491
	Placements with Banks and Finance Companies	-	-	30,608,931	30,608,931
	Derivative Financial Instruments	10,484	-	-	10,484
	Securities Purchased under Resale Agreements	-	-	2,801,538	2,801,538
	Customer Loans and Advances	-	-	533,755,460	533,755,460
	Debt Instruments	-	-	710,282	710,282
	Equity Instruments	285,456	2,948,948	-	3,234,404
	Government Securities	12,912,544	90,307,545	129,216,044	232,436,133
	Other Financial Assets	-	-	8,924,792	8,924,792
	Total Financial Assets	13,208,484	93,256,493	730,244,752	836,709,729
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	22,537,256	22,537,256
	Derivative Financial Instruments		41,817	-	41,817
	Due to Depositors		-	674,854,107	674,854,107
	Securities Sold under Repurchase Agreements		-	5,039,607	5,039,607
	Due to Other Borrowers		-	18,385	18,385
	Debt Securities Issued		-	38,989,658	38,989,658
	Lease Liabilities		-	2,711,081	2,711,081
	Other Financial Liabilities		-	9,734,479	9,734,479
	Total Financial Liabilities		41,817	753,884,573	753,926,390

			31.12.2024
		Financial Assets	Financial Assets	Financial Assets	Total
		Measured at Fair	Measured at Fair	Measured at
		Value through	Value through	Amortised Cost
		Profit or Loss	Other	(AC)
		(FVTPL)	Comprehensive
			Income (FVOCI)
	Assets
	Cash and Cash Equivalents	-	-	17,384,436	17,384,436
	Balances with Central Bank of Sri Lanka	-	-	8,719,115	8,719,115
	Placements with Banks and Finance Companies	-	-	50,156,002	50,156,002
	Derivative Financial Instruments	17,398	-	-	17,398
	Securities Purchased under Resale Agreements	-	-	3,684,374	3,684,374
	Customer Loans and Advances	-	-	462,950,751	462,950,751
	Debt Instruments	-	-	716,243	716,243
	Equity Instruments	-	2,176,270	-	2,176,270
	Government Securities	21,454,098	54,439,669	131,914,241	207,808,008
	Other Financial Assets	-	-	9,485,230	9,485,230
	Total Financial Assets	21,471,496	56,615,939	685,010,392	763,097,827
			Financial	Financial	Total
			Liabilities	Liabilities
			Measured at Fair	Measured at
			Value through	Amortised Cost
			Profit or Loss	(AC)
			(FVTPL)
	Liabilities
	Due to Banks		-	8,141,795	8,141,795
	Derivative Financial Instruments		809	-	809
	Due to Depositors		-	646,817,333	646,817,333
	Securities Sold under Repurchase Agreements		-	1,461,944	1,461,944
	Due to other Borrowers		-	23,731	23,731
	Debt Securities Issued		-	25,128,383	25,128,383
	Lease Liabilities		-	2,430,915	2,430,915
	Other Financial Liabilities		-	8,148,829	8,148,829
	Total Financial Liabilities		809	692,152,930	692,153,739

	Seylan Bank PLC
11	Analysis of Loans & Advances , Commitments, Contingencies and Impairment
(Amounts in Rupees Thousands )
		Bank		Group
		As at	As at	As at	As at
		30.09.2025	31.12.2024	30.09.2025	31.12.2024
11.1	Product-wise Gross Loans & Advances
	By product - Domestic Currency
	Export Bills	109,471	17,098	109,471	17,098
	Import Bills	414,605	103,767	414,605	103,767
	Local Bills	3,405	16,620	3,405	16,620
	Lease Rentals Receivable	32,853,578	24,799,910	32,853,578	24,799,910
	Overdrafts	55,632,493	56,121,344	55,632,493	56,121,344
	Revolving Import Loans	26,754,241	15,998,123	26,754,241	15,998,123
	Packing Credit Loans	5,131,368	4,370,262	5,131,368	4,370,262
	Trust Receipt Loans	2,099,596	-	2,099,596	-
	Staff Loans	8,030,279	7,516,072	8,030,279	7,516,072
	Housing Loans	17,250,793	16,390,682	17,250,793	16,390,682
	Pawning Receivables	43,123,338	36,448,577	43,123,338	36,448,577
	Refinance Loans	8,587,545	9,285,543	8,587,545	9,285,543
	Credit Cards	8,526,175	8,571,125	8,526,175	8,571,125
	Margin Trading	15,611,056	9,643,481	15,611,056	9,643,481
	Factoring	1,759,606	1,667,480	1,759,606	1,667,480
	Term Loans	294,975,295	271,231,656	294,975,295	271,231,656
	Total	520,862,844	462,181,740	520,862,844	462,181,740
	By product - Foreign Currency
	Export Bills	2,172,179	2,925,962	2,172,179	2,925,962
	Import Bills	668,951	517,275	668,951	517,275
	Local Bills	2,055	-	2,055	-
	Overdrafts	1,506,271	792,844	1,506,271	792,844
	Revolving Import Loans	296,843	415,427	296,843	415,427
	Packing Credit Loans	13,763,222	12,908,580	13,763,222	12,908,580
	Housing Loans	63,552	91,511	63,552	91,511
	Term Loans	57,531,560	45,281,939	57,531,560	45,281,939
	Total	76,004,633	62,933,538	76,004,633	62,933,538
	Gross Loans and Advances	596,867,477	525,115,278	596,867,477	525,115,278
11.2	Product-wise Commitments and Contingencies
	By product - Domestic Currency
	Commitments
	Undrawn Credit Lines	161,112,596	90,488,304	161,112,596	90,488,304
	Capital Commitments	328,714	121,871	333,329	126,578
	Contingencies
	Acceptances	81,187	99,721	81,187	99,721
	Standby Letters of Credit	-	-	-	-
	Guarantees	58,666,180	52,569,271	58,666,180	52,569,271
	Documentary Credit	740,670	1,156,859	740,670	1,156,859
	Bills for Collection	871,920	791,535	871,920	791,535
	Forward Exchange Contracts (Net)	(6,702,856)	(1,243,212)	(6,702,856)	(1,243,212)
	Total	215,098,410	143,984,349	215,103,025	143,989,056
	By product - Foreign Currency
	Commitments
	Undrawn Credit Lines	11,403,023	5,357,736	11,403,023	5,357,736
	Capital Commitments	932,239	582,767	932,239	582,767
	Contingencies
	Acceptances	11,264,408	10,328,138	11,264,408	10,328,138
	Standby Letters of Credit	136,692	132,377	136,692	132,377
	Guarantees	3,145,396	4,812,012	3,145,396	4,812,012
	Documentary Credit	20,571,181	9,331,375	20,571,181	9,331,375
	Bills for Collection	6,285,776	5,029,329	6,285,776	5,029,329
	Forward Exchange Contracts (Net)	6,653,359	1,258,281	6,653,359	1,258,281
	Total	60,392,074	36,832,015	60,392,074	36,832,015
	Total Commitments and Contingencies	275,490,485	180,816,364	275,495,100	180,821,071
		-

Seylan Bank PLC
Analysis of Loans & Advances , Commitments, Contingencies and Impairment
(Amounts in Rupees Thousands)
			Bank		Group
			As at	As at	As at	As at
			30.09.2025	31.12.2024	30.09.2025	31.12.2024
11.3	Stage-wise Impairment on Loans & Advances, Commitments and Contingencies
	Gross Loans and Advances, Commitments and Contingencies		872,357,962	705,931,642	872,362,577	705,936,349
	Less :	Accumulated Impairment under Stage 1	3,730,283	3,429,685	3,730,283	3,429,685
		Accumulated Impairment under Stage 2	4,000,736	4,754,675	4,000,736	4,754,675
		Accumulated Impairment under Stage 3	56,884,560	55,697,899	56,884,560	55,697,899
	Net Loans & Advances, Commitments and Contingencies		807,742,383	642,049,383	807,746,998	642,054,090
	Movement of Impairment during the Period		From 01.01.2025 to 30.09.2025	From 01.01.2024 to 31.12.2024	From 01.01.2025 to 30.09.2025	From 01.01.2024 to 31.12.2024
	Stage 1
	Opening Balance as at 01st January		3,429,685	4,025,638	3,429,685	4,025,638
	Charge/(Write back) to Income Statement		283,469	(578,131)	283,469	(578,131)
	Exchange Rate Movements		17,129	(17,822)	17,129	(17,822)
	Closing Balance		3,730,283	3,429,685	3,730,283	3,429,685
	Stage 2
	Opening Balance as at 01st January		4,754,675	7,950,512	4,754,675	7,950,512
	Charge/(Write back) to Income Statement		(760,446)	(3,192,196)	(760,446)	(3,192,196)
	Exchange Rate Movements		6,507	(3,641)	6,507	(3,641)
	Closing Balance		4,000,736	4,754,675	4,000,736	4,754,675
	Stage 3
	Opening Balance as at 01st January		55,697,899	49,243,947	55,697,899	49,243,947
	Charge/(Write back) to Income Statement		1,221,243	10,181,790	1,221,243	10,181,790
	Reversal for Write-off during the Period		(59,086)	(2,568,451)	(59,086)	(2,568,451)
	Interest Accrued on Impaired Loans and Advances		(195,387)	(297,511)	(195,387)	(297,511)
	Exchange Rate Movements		219,891	(861,876)	219,891	(861,876)
	Closing Balance		56,884,560	55,697,899	56,884,560	55,697,899

	Total Impairment		64,615,579	63,882,259	64,615,579	63,882,259
12	Analysis of Deposits
					(Amounts in Rupees Thousands)
			Bank		Group
	Deposits - By product		As at	As at	As at	As at
			30.09.2025	31.12.2024	30.09.2025	31.12.2024
	By product - Domestic Currency
		Demand Deposits	38,933,251	39,072,142	38,933,251	39,072,142
		Savings Deposits	130,967,735	123,126,928	130,967,735	123,126,928
		Fixed Deposits	375,638,146	373,712,110	375,638,146	373,712,110
		Certificate of Deposits	604,840	836,590	604,840	836,590
		Margin Accounts	2,340,145	1,145,269	2,340,145	1,145,269
		Total	548,484,117	537,893,039	548,484,117	537,893,039
	By product - Foreign Currency
		Demand Deposits	4,926,399	4,688,338	4,926,399	4,688,338
		Savings Deposits	19,504,408	19,139,176	19,504,408	19,139,176
		Fixed Deposits	101,910,208	85,070,317	101,910,208	85,070,317
		Margin Accounts	28,975	26,463	28,975	26,463
		Total	126,369,990	108,924,294	126,369,990	108,924,294

	Total Deposits		674,854,107	646,817,333	674,854,107	646,817,333

SEYLAN BANK PLC - DEBENTURES
	CURRENT PERIOD	COMPARATIVE PERIOD
	01-Jul-25	01-Jul-24
	to	to
	30-Sep-25	30-Sep-24
Debt (Debentures) / Equity Ratio (Times)	0.50	0.37
Debt (Debentures plus Long Term Debt) / Equity Ratio (Times)	0.50	0.44
Interest Cover (Times)	5.27	5.85
Quick Asset Ratio (Times)	0.80	0.85
2018 Issue
Market Prices during July to September ( Ex Interest)
7 Year Fixed Semi Annual - 13.20% p.a.(Debenture matured on 29/03/2025 )		*
10 Year Fixed Semi Annual - 13.50% p.a	*	*
Interest Yield as at Date of Last Trade	*	*
Yield to Maturity of Trade Done on	*	*
Interest Rate of Comparable Government Security
- 7 Years		10.17%
- 10 Years	8.97%	12.24%
2021 Issue
Market Prices during July to September ( Ex Interest)
5 Year Fixed Annual - 9.75% p.a	*	*
5 Year Fixed Quarterly - 9.25% p.a.	*	*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 9.75% p.a	*	*
5 Year Fixed Quarterly - 9.25% p.a.	*	*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 9.75% p.a	*	*
5 Year Fixed Quarterly - 9.25% p.a.	*	*
Interest Rate of Comparable Government Security
- 5 Years	7.88%	10.55%
2023 Issue
Market Prices during July to September ( Ex Interest)
5 Year Fixed Annual - 28.00% p.a
- Highest Price	139.37	134.00
- Lowest Price	129.50	100.00
- Last Traded Price (06/08/2025) / (06/09/2024)	139.37	134.00
5 Year Fixed Quarterly - 25.00% p.a.
- Highest Price	134.01	*
- Lowest Price	133.95	*
- Last Traded Price (06/08/2025) / *	133.95	*
Interest Yield as at Date of Last Trade
5 Year Fixed Annual - 28.00% p.a (06/08/2025) / (06/09/2024)	20.09%	20.90%
5 Year Fixed Quarterly - 25.00% p.a. (06/08/2025) / *	20.49%	*
Yield to Maturity of Trade Done on
5 Year Fixed Annual - 28.00% p.a (06/08/2025) / (06/09/2024)	10.56%	15.06%
5 Year Fixed Quarterly - 25.00% p.a. (06/08/2025) / *	10.55%	*
Interest Rate of Comparable Government Security
- 5 Years	9.16%	12.19%
2024 Issue
Market Prices during July to September ( Ex Interest)
5 Year Fixed Annual - 13.25% p.a	*	*
5 Year Fixed Quarterly - 12.60% p.a.	*	*
7 Year Fixed Annual - 13.50% p.a	*	*
7 Year Fixed Semi Annual - 13.05% p.a	*	*
Interest Yield as at Date of Last Trade	*	*
Yield to Maturity of Trade Done on	*	*
Interest Rate of Comparable Government Security
- 5 Years	9.43%	12.22%
- 7 Years	10.03%	12.82%
2025 Issue (Debenture allotted on 18 July 2025)
Market Prices during July to September ( Ex Interest)
5 Year Fixed Annual - 11.25% p.a	*
5 Year Fixed Quarterly - 10.80% p.a.	*
10 Year Fixed Annual - 11.75% p.a	*
10 Year Fixed Semi Annual - 11.40% p.a	*
Interest Yield as at Date of Last Trade	*
Yield to Maturity of Trade Done on	*
Interest Rate of Comparable Government Security
- 5 Years	9.66%
- 10 Years	11.37%
* No trading during the period.

Seylan Bank PLC
Selected Performance Indicators
Item	Bank		Group
Item	30.09.2025	31.12.2024	30.09.2025	31.12.2024
Regulatory Capital (LKR Mn.)
Common Equity Tier I	64,480	66,565	65,502	67,793
Total (Tier I) Capital	64,480	66,565	65,502	67,793
Total Capital Base	96,615	86,837	97,637	88,064
Regulatory Capital Ratios (%)
Common Equity Tier I Capital Ratio	12.24	14.25	12.42	14.50
( Minimum Requirement - 7.00% )
Total Tier I Capital Ratio	12.24	14.25	12.42	14.50
( Minimum Requirement - 8.50% )
Total Capital Ratio	18.34	18.59	18.52	18.84
( Minimum Requirement - 12.50% )
Leverage Ratio (%)	7.11	8.16	7.22	8.30
( Minimum Requirement - 3.00% )	7.11	8.16	7.22	8.30
Regulatory Liquidity
Liquidity Coverage Ratio %
Rupee - ( Minimum Requirement - 100% )	276.57	415.75
All Currency - ( Minimum Requirement -100% )	317.20	491.37
Net Stable Funding Ratio ( % )	132.90	144.76
( Minimum Requirement - 100% )
Assets Quality
Impaired Loans (Stage 3) Ratio ( % )	1.48	2.10
Impairment (Stage 3) to Stage 3 Loans Ratio ( % )	83.22	80.90
Income & Profitability
Net Interest Margin ( % )	4.48	4.90
Return on Assets (before Tax) ( % )	2.12	2.14
Return on Equity ( % )	15.08	15.35
Cost to Income Ratio (%)	48.78	47.05
Memorandum Information
Credit Rating - Fitch	A+ (lka)	A+ (lka)
Number of Employees	3,252	3,211
Number of Banking Centers	170	170

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