Interim Financial Statements 31.03.2025

INTERIM FINANCIAL STATEMENTS

For the year ended 31st March 2025

VALLIBEL FINANCE PLC

Statement of Profit or Loss and Other Comprehensive Income

Amounts in Rupees '000

Company

Group

Company

Group

For the year ended 31st March

For the year ended 31st March

For the quarter ended 31st March

For the quarter ended 31st March

2025

2024

Change %

2025

2024

Change %

2025

2024

Change %

2025

2024

Change %

Gross Income

19,200,595

20,029,639

(4.1)

19,072,260

20,281,300

(6.0)

5,087,454

4,838,294

5.1

4,928,233

5,113,412

(3.6)

Interest Income

16,913,893

18,371,636

(7.9)

16,841,212

18,371,636

(8.3)

4,456,914

4,265,908

4.5

4,384,233

4,265,908

2.8

Interest Expense

(8,796,402)

(11,365,024)

(22.6)

(8,702,039)

(11,419,214)

(23.8)

(2,273,382)

(2,534,810)

(10.3)

(2,237,940)

(2,589,000)

(13.6)

Net Interest Income

8,117,491

7,006,612

15.9

8,139,173

6,952,422

17.1

2,183,532

1,731,098

26.1

2,146,293

1,676,908

28.0

Fee and Commission Income

785,151

714,346

9.9

772,284

697,029

10.8

219,802

199,795

10.0

216,877

195,995

10.7

Net Fee and Commission Income

785,151

714,346

9.9

772,284

697,029

10.8

219,802

199,795

10.0

216,877

195,995

10.7

Net Gain / (Loss) from Trading

1,460

239

>100

1,460

239

>100

(329)

137

<(100)

(329)

137

<(100)

Net (Loss) / Gain from other Financial Instruments at FVTPL

139

92,011

(99.8)

396

106,361

(99.6)

(167)

34,301

<(100)

40

46,989

(99.9)

Other Operating Income

1,499,952

851,407

76.2

1,456,908

1,106,035

31.7

411,233

338,153

21.6

327,412

604,383

(45.8)

Total Operating Income

10,404,193

8,664,615

20.1

10,370,221

8,862,086

17.0

2,814,072

2,303,484

22.2

2,690,293

2,524,412

6.6

Impairment Charges and Other Credit Losses on Financial Assets

(170,781)

(437,781)

(61.0)

(170,781)

(437,781)

(61.0)

46,122

(58,591)

<(100)

46,122

(58,591)

(178.7)

Net Operating Income

10,233,412

8,226,834

24.4

10,199,440

8,424,305

21.1

2,860,194

2,244,893

27.4

2,736,415

2,465,821

11.0

Expenses

Personnel Expenses

(2,487,213)

(1,948,215)

27.7

(2,489,037)

(1,949,075)

27.7

(596,842)

(395,064)

51.1

(596,893)

(395,575)

50.9

Premises Equipment and Establishment Expenses

(713,028)

(359,223)

98.5

(390,091)

(332,266)

17.4

(291,232)

(121,095)

>100

14,035

(96,571)

(114.5)

Other Operating Expenses

(1,475,276)

(1,274,807)

15.7

(1,660,149)

(1,341,009)

23.8

(368,117)

(401,933)

(8.4)

(525,407)

(417,855)

25.7

Operating Profit Before Taxes on Financial Services

5,557,895

4,644,589

19.7

5,660,163

4,801,954

17.9

1,604,003

1,326,801

20.9

1,628,149

1,555,820

4.6

Taxes on Financial Services

(1,320,599)

(1,189,389)

11.0

(1,328,315)

(1,190,768)

11.6

(350,998)

(381,320)

(8.0)

(353,050)

(382,622)

(7.7)

Profit Before Income Tax

4,237,296

3,455,200

22.6

4,331,848

3,611,186

20.0

1,253,005

945,481

32.5

1,275,099

1,173,198

8.7

Income Tax Expense

(1,607,798)

(1,313,647)

22.4

(1,635,348)

(1,556,251)

5.1

(423,639)

(235,063)

80.2

(451,189)

(477,668)

(5.5)

Profit for the Period

2,629,498

2,141,553

22.8

2,696,500

2,054,934

31.2

829,366

710,418

16.7

823,911

695,530

18.5

Profit Attributable to :

Equity holders of the Company

2,629,498

2,141,553

22.8

2,696,500

2,054,934

31.2

829,366

710,418

16.7

823,911

695,530

18.5

Non Controlling Interest

-

-

-

-

-

-

-

-

-

-

-

-

Profit for the Period

2,629,498

2,141,553

22.8

2,696,500

2,054,934

31.2

829,366

710,418

16.7

823,911

695,530

18.5

Earnings Per Share (Annualised) - Rs.

11.17

9.10

22.8

11.45

8.73

31.2

14.09

12.07

16.7

14.00

11.82

18.5

Other Comprehensive Income for the Period , Net of Tax

Items that will never be reclassified to Profit or Loss

Actuarial Gains /(Losses) on Remeasurement of Defined Benefit Liability , Net of Tax

(18,675)

(40,365)

(53.7)

(18,675)

(40,366)

(53.7)

(18,675)

(40,366)

(53.7)

(18,675)

(40,366)

(53.7)

Net Actuarial Gains / (Losses) on Remeasurement of Defined Benefit

Liability

(18,675)

(40,366)

(53.7)

(18,675)

(40,366)

(53.7)

(18,675)

(40,366)

(53.7)

(18,675)

(40,366)

(53.7)

Revaluation of Land & Buildings , Net of Tax

9,987

19,148

(47.8)

224,657

422,544

(46.8)

9,987

19,149

(47.8)

224,657

422,544

(46.8)

Net change in Revaluation of Land & Buildings

9,987

19,148

(47.8)

224,657

422,544

(46.8)

9,987

19,149

(47.8)

224,657

422,544

(46.8)

Other Comprehensive Income for the Period, Net of Tax

(8,688)

(21,217)

(59.1)

205,982

382,178

(46.1)

(8,688)

(21,217)

(59.1)

205,982

382,178

(46.1)

Total Comprehensive Income for the Period

2,620,810

2,120,336

23.6

2,902,482

2,437,113

19.1

820,678

689,201

19.1

1,029,893

1,077,708

(4.4)

Attributable to :

Equity holders of the Company

2,620,810

2,120,336

23.6

2,902,482

2,437,113

19.1

820,678

689,201

19.1

1,029,893

1,077,708

(4.4)

Non Controlling Interest

-

-

-

-

-

-

-

-

-

-

-

-

Total Comprehensive Income for the Period

2,620,810

2,120,336

23.6

2,902,482

2,437,113

19.1

820,678

689,201

19.1

1,029,893

1,077,708

(4.4)

VALLIBEL FINANCE PLC

Statement of Changes in Equity - Company

Amounts in Rupees '000

Stated Capital

Statutory Reserve

Fund

Revaluation

Reserve

General

Retained

Total

Reserve

Earnings

Equity

Balance as at 01st April 2023

1,325,918

1,766,773

157,386

7,500

7,829,349

11,086,926

Total Comprehensive Income for the Period

Profit for the Period

-

-

-

-

2,141,553

2,141,553

Other Comprehensive Income, net of Tax

Net Actuarial Gains / (Losses) on Remeasurement of Defined Benefit Liability , net of tax

-

-

-

-

(40,366)

(40,366)

Net change in Revaluation of Land & Buildings

-

-

19,149

-

-

19,149

Total Comprehensive Income for the Period

-

-

19,149

-

2,101,188

2,120,336

Transactions with owners of the Company

Contributions and distributions

Dividends to equity holders

Dividend Paid for the Financial Year 2022/23

-

-

-

-

(235,453)

(235,453)

Unclaimed Dividend Adjustments

1,480

1,480

Deferred Tax impact on Right of Use Asset

504

504

Statutory Reserve Transfer

-

107,078

-

-

(107,078)

-

Total Transactions with Equity Holders

-

107,078

-

-

(340,547)

(233,470)

Balance as at 31st March 2024

1,325,918

1,873,851

176,535

7,500

9,589,989

12,973,793

Balance as at 01st April 2024

1,325,918

1,873,851

176,535

7,500

9,589,989

12,973,793

Total Comprehensive Income for the Period

Profit for the Period

-

-

-

-

2,629,498

2,629,498

Other Comprehensive Income, net of Tax

Net Actuarial Gains / (Losses) on Remeasurement of Defined Benefit Liability , net of tax

-

-

-

-

(18,675)

(18,675)

Net change in Revaluation of Land & Buildings

-

-

9,987

-

-

9,987

Total Comprehensive Income for the Period

-

-

9,987

-

2,610,823

2,620,810

Transactions with owners of the Company

Contributions and distributions

Dividends to equity holders

Dividend Paid for the Financial Year 2023/24

-

-

-

-

(470,907)

(470,907)

Unclaimed Dividend Adjustments

-

-

-

-

388

388

Deferred Tax impact on Right of Use Asset

-

-

-

-

-

-

Statutory Reserve Transfer

-

131,475

-

-

(131,475)

-

Total Transactions with Equity Holders

-

131,475

-

-

(601,994)

(470,519)

Balance as at 31st March 2025

1,325,918

2,005,326

186,522

7,500

11,598,818

15,124,084

Amou

nts in Rupees '000

Stated

Statutory Reserve Fund

Revaluation

Reserve

General

Retained

Total Equity Attributable to Equity Holders

of the Company

Non Controlling

Interest

Total

Capital

Reserve

Earnings

Equity

Balance as at 01st April 2023

1,325,918

1,766,773

213,036

7,500

7,744,455

11,057,682

-

11,057,682

Total Comprehensive Income for the Period

Profit for the Period

-

-

-

-

2,054,934

2,054,934

-

2,054,934

Other Comprehensive Income, net of Tax

Net Actuarial Gains / (Losses) on Remeasurement of Defined Benefit Liability , net of tax

-

-

-

-

(40,366)

(40,366)

-

(40,366)

Net change in Revaluation of Land & Buildings, net of tax

-

-

422,544

-

-

422,544

-

422,544

Total Comprehensive Income for the Period

-

-

422,544

-

2,014,569

2,437,113

-

2,437,113

Transactions with owners of the Company

Contributions and distributions

Dividends to equity holders

Dividend Paid for the Financial Year 2022/23

-

-

-

-

(235,453)

(235,453)

-

(235,453)

Unclaimed Dividend Adjustments

-

-

-

-

1,480

1,480

1,480

Deferred Tax impact on Right of Use Asset

-

-

-

-

504

504

504

Statutory Reserve Transfer

-

107,078

-

-

(107,078)

-

-

-

Total Transactions with Equity Holders

-

107,078

-

-

(340,547)

(233,470)

-

(233,470)

Balance as at 31st March 2024

1,325,918

1,873,851

635,580

7,500

9,418,477

13,261,326

-

13,261,326

Balance as at 01st April 2024

1,325,918

1,873,851

635,580

7,500

9,418,477

13,261,326

-

13,261,326

Total Comprehensive Income for the Period

Profit for the Period

-

-

-

-

2,696,500

2,696,500

-

2,696,500

Other Comprehensive Income, net of Tax

Net Actuarial Gains / (Losses) on Remeasurement of Defined Benefit Liability , net of tax

-

-

-

-

(18,675)

(18,675)

-

(18,675)

Net change in Revaluation of Land & Buildings, net of tax

-

-

224,657

-

-

224,657

-

224,657

Total Comprehensive Income for the Period

-

-

224,657

-

2,677,825

2,902,482

-

2,902,482

Transactions with owners of the Company

Contributions and distributions

Dividends to equity holders

Dividend Paid for the Financial Year 2023/24

-

-

-

-

(470,907)

(470,907)

-

(470,907)

Unclaimed Dividend Adjustments

-

-

-

-

388

388

-

388

Deferred Tax impact on Right of Use Asset

-

-

-

-

-

-

-

-

Statutory Reserve Transfer

-

131,475

-

-

(131,475)

-

-

-

Total Transactions with Equity Holders

-

131,475

-

-

(601,994)

(470,519)

-

(470,519)

Balance as at 31st March 2025

1,325,918

2,005,326

860,237

7,500

11,494,308

15,693,289

-

15,693,289

VALLIBEL FINANCE PLC

Cash Flow Statement

Amounts in Rupees '000

Company

Group

For the Period Ended

31st March 2025

31st March 2024

31st March 2025

31st March 2024

Cash Flow From Operating Activities

Interest and Commission Receipts

18,265,025

19,032,528

18,277,408

19,018,181

Interest Payments

(7,932,764)

(10,271,754)

(8,073,948)

(10,332,669)

Cash Receipts from Customers

1,393,766

747,102

1,434,744

750,521

Cash Payments to Employees and Suppliers

(5,987,449)

(4,615,633)

(5,762,920)

(4,577,572)

Operating Profit Before Changes in Operating Assets and Liabilities

5,738,578

4,892,243

5,875,284

4,858,461

( Increase ) / Decrease in Operating Assets

Short Term Funds

94,417

(270,244)

635,061

788,463

Deposits held for Regulatory or Monetary Control Purposes

(3,802,760)

(878,614)

(3,802,760)

(878,614)

Financial Assets at Amortised Cost - Loans and advances / Lease rental & Hire purchase receivables

(23,975,525)

(7,293,566)

(23,975,525)

(7,293,566)

Other Short Term Negotiable Securities

10,808,300

(365,294)

11,261,892

(876,950)

Increase / ( Decrease ) in Operating Liabilities

Financial liabilities at amortised cost - Due to depositors

8,642,519

8,307,438

8,642,519

8,307,438

Deposits and Trade payables

-

-

-

19,370

Net Cash Generated from Operating Activities before Income Tax

(2,494,471)

4,391,963

(1,363,529)

4,924,602

Current Taxes Paid

(1,424,600)

(1,290,407)

(1,424,600)

(1,290,407)

Gratuity Paid

(13,367)

(19,589)

(13,367)

(19,589)

Net Cash Generated from Operating Activities

(3,932,438)

3,081,967

(2,801,496)

3,614,607

Cash Flows From Investing Activities

Dividends Received

102

181

102

181

Proceed from Sale of Property , Plant and Equipment

5,576

929

5,576

929

Purchase of Property , Plant and equipment

(375,558)

(359,725)

(377,422)

(759,530)

Purchase of Intangible Assets

(2,973)

(11,130)

(2,974)

(12,030)

Net Cash Used In from Investing Activities

(372,853)

(369,744)

(374,718)

(770,450)

Cash Flows From Financing Activities

Net increase / (decrease) in Financial liabilities at amortised cost - Interest bearing Borrowings

4,890,919

(3,211,442)

3,772,923

(3,343,501)

Dividends Paid

(470,907)

(235,453)

(470,907)

(235,453)

Unclaimed dividend adjustments

388

1,480

388

1,480

Net Cash Used In Financing Activities

4,420,400

(3,445,415)

3,302,404

(3,577,474)

Net (Decrease) / Increase in Cash & Cash Equivalents

115,109

(733,192)

126,190

(733,317)

Cash & Cash Equivalents at the Beginning of the Period

38,413

771,605

45,017

778,334

Cash & Cash Equivalents at the End of the Period ( Note A )

153,522

38,413

171,207

45,017

Note A

Cash & Cash Equivalents at the End of the Period

Cash in Hand and at Banks

1,982,202

1,952,377

1,999,887

1,958,981

Bank Overdrafts

(1,828,680)

(1,913,964)

(1,828,680)

(1,913,964)

153,522

38,413

171,207

45,017

Analysis of Financial Instruments by Measurement Basis - Company

Amounts in Rupees '000

Financial Assets recognised through Profit or Loss (FVTPL)

Financial Assets at Fair Value through Other Comprehensive Income (FVTOCI)

Financial Assets at Amortised Cost (AC)

Total

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

Assets

Cash and Cash Equivalents

-

-

-

-

1,982,202

1,952,377

1,982,202

1,952,377

Placements with Banks and Other Finance Companies

-

-

-

-

570,007

8,322,520

570,007

8,322,520

Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL)

133,889

3,652,152

-

-

-

-

133,889

3,652,152

Financial Assets at Amortised Cost - Loans and Receivables to Other Customers

-

-

-

-

78,402,912

57,895,030

78,402,912

57,895,030

Financial Assets at Amortised Cost - Lease Rental and Hire Purchase Receivables

-

-

-

-

13,745,290

10,346,937

13,745,290

10,346,937

Financial Investments Measured at Fair Value Through Other Comprehensive Income

-

-

204

204

-

-

204

204

Financial Assets at Amortised Cost - Debt and other Financial Instruments

-

-

-

-

8,850,863

5,048,103

8,850,863

5,048,103

Financial Assets at Amortised Cost - Other Financial Assets

-

-

-

-

42,074

34,319

42,074

34,319

Total Financial Assets

133,889

3,652,152

204

204

103,593,348

83,599,286

103,727,441

87,251,642

Financial Liabilities at Amortised Cost (AC)

Total

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

Liabilities

Bank Overdrafts

1,828,680

1,913,964

1,828,680

1,913,964

Rental Received in Advance

306,105

197,788

306,105

197,788

Financial Liabilities at Amortised Cost - Deposits due to Customers

67,480,200

58,643,446

67,480,200

58,643,446

Financial Liabilities at Amortised Cost - Interest bearing Borrowings

12,650,533

10,786,681

12,650,533

10,786,681

Subordinated Term Debts

6,690,647

3,331,609

6,690,647

3,331,609

Lease Liabilities

2,721,617

1,989,370

2,721,617

1,989,370

Total Financial Liabilities

91,677,782

76,862,858

91,677,782

76,862,858

Analysis of Financial Instruments by Measurement Basis - Group

Amounts in Rupees '000

Financial Assets recognised through Profit or Loss (FVTPL)

Financial Assets at Fair Value through Other Comprehensive Income (FVTOCI)

Financial Assets at Amortised Cost (AC)

Total

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

Assets

Cash and Cash Equivalents

-

-

-

-

1,999,887

1,958,981

1,999,887

1,958,981

Placements with Banks and Other Finance Companies

-

-

-

-

570,007

8,322,520

570,007

8,322,520

Financial Assets Measured at Fair Value Through Profit or Loss (FVTPL)

209,882

4,181,480

-

-

-

-

209,882

4,181,480

Financial Assets at Amortised Cost - Loans and Receivables to Other Customers

-

-

-

-

78,402,912

57,895,030

78,402,912

57,895,030

Financial Assets at Amortised Cost - Lease Rental and Hire Purchase Receivables

-

-

-

-

13,745,290

10,346,937

13,745,290

10,346,937

Financial Investments Measured at Fair Value Through Other Comprehensive Income

-

-

204

204

-

-

204

204

Financial Assets at Amortised Cost - Debt and other Financial Instruments

-

-

-

-

8,850,863

5,048,103

8,850,863

5,048,103

Financial Assets at Amortised Cost - Other Financial Assets

-

-

-

-

42,074

34,319

42,074

34,319

Total Financial Assets

209,882

4,181,480

204

204

103,611,033

83,605,890

103,821,119

87,787,574

Financial Liabilities at Amortised Cost (AC)

Total

As at 31st March

2025

As at 31st March

2024

As at 31st March

2025

As at 31st March

2024

Liabilities

Bank Overdrafts

1,828,680

1,913,964

1,828,680

1,913,964

Rental Received in Advance

313,485

216,239

313,485

216,239

Financial Liabilities at Amortised Cost - Deposits due to Customers

67,480,200

58,643,446

67,480,200

58,643,446

Financial Liabilities at Amortised Cost - Interest bearing Borrowings

13,461,095

12,747,147

13,461,095

12,747,147

Subordinated Term Debts

6,690,647

3,331,609

6,690,647

3,331,609

Lease Liabilities

1,031,339

967,092

1,031,339

967,092

Total Financial Liabilities

90,805,446

77,819,497

90,805,446

77,819,497

Explanatory Notes

1

There were no changes to the Accounting Policies since the publication of Audited Financial Statements for the year ended 31st March 2024.

2

These Interim Financial Statements have been prepared in accordance with the requirements of Sri Lanka Accounting Standard - LKAS 34 on 'Interim Financial Reporting'.

3

Lanka Rating Agency has maintained entity rating of Vallibel Finance PLC at BBB+ with improved outlook to "Stable".

4

The Group Financial Statements comprise a consolidation of the Company and its fully owned subsidiary, Vallibel Properties Ltd. Vallibel Properties Ltd engages in administration of

construction, development and maintenance of the Corporate office building complex for Vallibel Finance PLC.

5

During the quarter there were no material changes in the composition of assets, liabilities, contingent liabilities. All known expenditure items have been provided for.

6

There were no material events took place since reporting date other than disclosed above in Financial Statements.

7

The Company declared an initial issue of 20,000,000 listed, rated, unsecured, subordinated, redeemable debentures of Rs. 100/- each with an option to issue up to a 10,000,000 of said debentures at the discretion of the Company in the event of an oversubscription of the initial tranche to raise upto a maximum amount of Rs. 3,000,000,000. This debenture issue was opened for investors on 20th November 2024 and oversubscribed on the same day. The allotment and the listing of debentures were concluded on 22nd November 2024 and 6th December 2024, respectively.

The quantum of funds raised through the above Debenture Issue was utilised to achieve the following objectives as stipulated in the prospectus.

a) Expand the Tier II capital base thus, increasing the Capital Adequacy Ratio (CAR)

b) Expand the lending portfolio

Indicator

As at 31st March

2025

As at

31st March 2024

Asset Quality

Rs'000

Rs'000

Gross Non - Performing Accomodation

3,418,543

* 4,228,907

Net Non - Performing Accomodation

(351,950)

* 634,712

Liquidity

Rs'000

Rs'000

Required Minimum Amount of Liquid Assets

7,018,968

6,044,889

Available Amount of Liquid Assets

10,625,623

13,660,435

Required Minimum Amount of Government Securities

4,153,826

3,373,890

Available Amount of Government Securities

8,931,200

4,985,444

Capital Adequacy

Tier 1 Capital to Risk Weighted Assets Ratio (Minimum 10.00%)

16.54%

17.07%

Total Capital to Risk Weighted Assets Ratio (Minimum 14.00%)

21.51%

19.80%

Capital Funds to Total Deposit Liabilities Ratio (Minimum 10.00%)

28.27%

26.29%

Profitability

Return on Average Assets (After Tax) - Annualized

2.57%

2.45%

Return on Average Equity - Annualized

18.72%

17.80%

Information On Ordinary Shares

Share Price During the Quarter For the Quarter Ended

31.03.2025

31.03.2024

Rs.

Rs.

Highest

60.40

41.00

Lowest

50.10

30.50

Closing

54.10

39.00

No. of Ordinary Share Issued as at

235,453,400

235,453,400

Ratios

Debt to Equity Ratio (%)

127.88%

108.83%

Interest Cover (Times)

1.63

1.41

Liquid Asset Ratio (%)

15.14%

23.14%

Utilization of Funds Raised Via Capital Market

Information on listed debentures

Description

Interest Payable Frequency

Allotment Date

Maturity Date

Coupon Rate (%)

Interest Rate of Comparable Government Security (%)

Market value (Rs.)

Interest Yield (%)

Highest

Lowest

Period End

2024/2029 - Type A

Semi-annual

22.11.2024

21.11.2029

12.95

10.68

Not traded

N/A

2024/2029 - Type B

Annual

22.11.2024

21.11.2029

13.37

10.68

110.00

97.36

103.66

13.37

Lease

Loans & Advances

Investments

Others

Total

For the year ended 31st March

2025

2024

2025

2024

2025

2024

2025

2024

2025

2024

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Rs.'000

Interest

2,728,406

2,363,483

12,944,412

13,007,815

1,168,394

2,942,902

-

-

16,841,212

18,314,200

Fee & Commission Income

51,437

35,741

441,727

422,982

-

-

279,120

255,623

772,284

714,346

Dividends

-

-

-

-

102

181

-

-

102

181

Other

308,693

94,811

1,046,594

596,278

37,497

197,112

65,878

98,122

1,458,662

986,324

Total Revenue

3,088,536

2,494,035

14,432,733

14,027,075

1,205,993

3,140,195

344,998

353,745

19,072,260

20,015,051

Other material non-cash items

Impairment losses on Financial Assets

(59,631)

13,061

231,248

425,613

(288)

(1,533)

(549)

641

(170,781)

(437,781)

Impairment losses on Non Financial Assets

-

-

-

-

-

-

-

-

-

-

Profit before Income tax

4,331,848

3,611,186

Income Tax Expense

1,635,348

1,556,251

Profit after tax

2,696,500

2,054,934

Other Information

As at 31 March

Segment assets

13,745,290

10,346,936

78,402,912

57,895,031

9,630,956

17,552,307

9,483,755

9,016,908

111,262,913

94,811,182

Segment Liabilities

11,806,559

8,899,701

67,344,424

49,797,200

8,272,540

15,097,250

8,146,101

7,755,705

95,569,624

81,549,856

Net assets

1,938,731

1,447,235

11,058,488

8,097,831

1,358,416

2,455,057

1,337,654

1,261,203

15,693,289

13,261,326

Share Information

20 Major Shareholders as at 31st March 2025

No. of Shares

(%)

1

Vallibel Investments (Pvt) Limited

121,108,000

51.44

2

Mr. K.D.D. Perera

50,465,064

21.43

3

Mr. K.D.A. Perera

8,532,960

3.62

4

Seylan Bank PLC/Sarath Bandara Rangamuwa

5,250,000

2.23

5

Mr. K.D.H. Perera

4,084,025

1.73

6

Mr. S. Abishek

2,800,000

1.19

7

Deutsche Bank AG-National Equity Fund

1,361,953

0.58

8

DFCC Bank Plc A/C No .02

1,265,887

0.54

9

National Savings Bank

1,067,000

0.45

10

Commercial Bank Of Ceylon PLC/G.S.N.Peiris

1,056,989

0.45

11

Mr. B.A.R. Dissanayake

1,050,000

0.45

12

Mr. A. Ragupathy

990,106

0.42

13

Hatton National Bank PLC/Mushtaq Mohamed Fuad

935,299

0.40

14

Mr. A. Sithampalam

900,000

0.38

15

DFCC Bank PLC A/C 1

751,937

0.32

16

Mr. G. Ramanan

727,400

0.31

17

Nagoya Ceylon Trading (Pvt) Ltd

724,602

0.31

18

Miss. S. Durga

653,853

0.28

19

Hatton National Bank PLC- Astrue Alpha Fund

610,000

0.26

20

MSS Investments (Private) Limited

580,499

0.25

204,915,574

87.03

Others

30,537,826

12.97

235,453,400

100.00

Directors' Shareholding as at 31st March 2025

1

Seylan Bank PLC/S B Rangamuwa

5,250,000

2.23

2

Mr. S S Weerabahu

Nil

Nil

3

Mr. K D A Perera

8,532,960

3.62

4

Mr. Janaka Kumarasinghe

Nil

Nil

5

Ms. C P Malalgoda

Nil

Nil

6

Mr. M A K B Dodamgoda

Nil

Nil

7

Mr. R S Dahanayake

Nil

Nil

13,782,960

5.85

Public Holding as at 31st March 2025

21.27%

Number of Public Shareholders

4,322

The Float Adjusted Market Capitalization as at 31st March 2025 (Rs. )

2,709,930,890

The Float adjusted market capitalization of the Company falls under Option 4 of Rule 7.13.1.i (a) of the Listing Rules of the Colombo Stock Exchange and the Company has complied with the minimum public holding requirement applicable under the said option.

Corporate Information

Name of Company

Bankers

Vallibel Finance PLC

Bank of Ceylon

Corporate Branch,

Legal Form

1st floor, Bank of Ceylon,

Public Limited Liability Company incorporated in Sri Lanka. A Finance Company licensed under the Finance Business Act No.42 of 2011. A Registered Finance Leasing Establishment in terms of Finance Leasing Act No.56 of 2000. An Approved Credit Agency under the Mortgage Act No.6 of 1949 and Trust Receipt Ordinance No.12 of 1947.

Colombo 01.

People's Bank

Headquarters Branch,

No. 75, Sir Chittampalam A Gardiner

Mawatha,

Colombo 02.

Date of Incorporation

Seylan Bank PLC

5th September 1974

Millennium Branch,

90, Galle Road,

Company Registration Number

Colombo 03.

PB 526/PQ

Sampath Bank PLC

Board of Directors

Headquarters Branch,

Mr. K D A Perera - Chairman

No. 110, Sir James Peiris Mawatha,

Mr. S B Rangamuwa - Managing Director

Colombo 02.

Mr. S S Weerabahu - Executive Director

Mr. J Kumarasinghe

Pan Asia Banking Corporation PLC

Mrs. C P Malalgoda

Head Office Branch,

Mr. M A K B Dodamgoda

No.450, Galle Road,

Mr. R S Dahanayake

Colombo 03.

Registered Office / Head office

National Development Bank PLC

No. 310, Galle Road, Colombo 03.

Head Office Branch,

No. 40, Nawam Mawatha,

VAT registration No.

Colombo 02.

104040950 7000

Hatton National Bank PLC

Telephone

Colpetty Branch,

(+94) 11-2370990

No. 324, Galle Road,

Colombo 03

Facsimile

(+94) 11-4393129

Commercial Bank

Kollupitiya Branch,

Website

No. 285, Galle Road,

https://www.vallibelfinance.com

Colombo 03.

Cargills Bank

Company Secretary

Corporate Branch,

Mrs. K G L D Kottegoda

No. 696,

Vallibel Finance PLC,

Galle Road,

Corporate Office,

Colombo 03.

No.480, Galle Road,

Colombo 3.

Union Bank

Telephone: (+94) 11-7600000

Head Office Branch,

Email: lakminik@vallibelfinance.com

No. 64, Galle Road,

Colombo 03.

Company Registrars

National Savings Bank

Central Depository Systems (Pvt) Limited

Head Office Branch,

Ground Floor,

No. 255, Savings House,

M & M Centre,

Galle Road,

341/5, Kotte Road,

Colombo 03.

Rajagiriya

Telephone: (+94) 11- 2356444

DFCC Bank

Fax: (+94) 11- 2440396

No. 73/5,

Email: registrars@cse.lk

Galle Road,

Colombo 03.

External Auditors

Ernst & Young,

MCB Bank

Rotunda Towers, No.109, Galle Road,

No. 8, Leyden Bastian Road,

P.O. Box 101, Colombo 03

Colombo 01.

Telephone: (+94) 11-2463500

Fax: (+94) 11-7687869

Corporate Memberships and Associations

The Finance House Association of Sri Lanka

Subsidiary Company

Leasing Association of Sri Lanka

Vallibel Properties Limited

The Ombudsman Sri Lanka (Guarantee) Limited

The Ceylon Chamber of Commerce

Mercantile Cricket Association