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LOLC Group reports Rs. 41 billion profit and surpasses Rs. 2 trillion in total assets, driven by global growth momentum

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LOLC Group has reported a profit after tax of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion. The robust performance was fueled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions in Sri Lanka.

Now operating in over 25 countries, LOLC continues to solidify its status as Sri Lanka’s most internationally diversified corporate group operating in financial services, agriculture, plantation, automotive, manufacturing, construction, marine, power generation, pharmaceuticals and leisure.

The Group’s total assets climbed 17% to Rs. 2.03 trillion, while shareholder equity advanced to Rs. 343 billion, marking a 15% gain. Its total debt-to-equity ratio improved to 1.05 times from 1.2 times, signaling greater balance sheet strength despite an active investment pipeline.

LOLC’s investment strategy over the past year has prominently featured acquisitions in Africa’s tea sector. Following its 2023 acquisition of Finlays’ Kenyan operations, the Group acquired Lipton’s plantations in Kenya, Rwanda, and Tanzania. These transactions represent LOLC’s deepening interest in real economy sectors and its intention to become a key player in the global tea supply chain.

Domestically, the Group consolidated its presence in industrial manufacturing by converting its minority stake in Sierra Cables PLC into a controlling interest. After the close of the financial year, LOLC also acquired ownership Pussellawa Plantations, and a controlling stake in Tea Smallholder Factories PLC. These steps are expected to enhance vertical integration and operating leverage within the Group’s plantation holdings. With these additions, LOLC Group now operates with an annual production capacity of approximately 100 million kilograms of made tea grown in approximately 100,000 hectares of plantations.

Financial services continue to anchor the Group’s profitability with the segment contributed Rs. 41 billion to the Rs. 52 billion profit before tax from continuing operations, reaffirming its position as the Group’s primary earnings engine.

LOLC Finance PLC led the sector’s growth, recording a pre-tax profit of Rs. 30.8 billion—a 23% year-on-year increase. The company’s loan portfolio surpassed Rs. 305 billion, while customer deposits reached Rs. 225 billion. A sharp reduction in the net non-performing loan ratio from 10.48% to 4.97% reflects a marked improvement in asset quality and credit risk management. This performance is underpinned by a robust capital base of Rs. 150 billion, translating to a capital adequacy ratio of over 25%, well above the regulatory minimum of 17%.

The Group’s financial services network continues to grow across underserved and high-potential markets in South Asia, Southeast Asia, Central Asia, and Africa, where the demand for inclusive lending and microfinance solutions remains strong. Building on this momentum, the Group is now actively evaluating strategic expansion opportunities in South America, with the aim of further extending its global presence and impact in financial inclusion.

Beyond financial services, LOLC’s manufacturing and trading segment posted an operating profit before interest of Rs. 4.2 billion, benefitting from favorable economic indicators in Sri Lanka such as currency stabilization, cooling inflation, and a rebound in GDP growth.

In the tourism sector, the Group’s leisure and entertainment businesses generated Rs. 2.8 billion in operating profit before interest, supported by a recovery in international tourist arrivals. With inbound travel volumes approaching pre-COVID levels, LOLC’s hospitality assets in Sri Lanka, Maldives and Mauritius are poised to benefit further in the coming year. (LOLC)



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Ceylinco Life celebrates its ‘Unstoppable Champions’ at Annual Awards 2026

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Ceylinco Life’s top award winners with Directors and senior management at the Company’s Annual Awards

The power of momentum was the focus when Ceylinco Life, Sri Lanka’s life insurance market leader for an unbroken 22 years, celebrated the exceptional achievements of its top-performing sales force at its Annual Awards Ceremony 2026, held at Cinnamon Life Colombo.

Bringing together more than 300 of the company’s highest achievers, the event recognised Sales Officers who attained High Flyers status, qualified for the prestigious Million Dollar Round Table (MDRT), or earned ‘Sales Superstar’ status in 2025, each having met rigorous performance benchmarks. In total, close to 370 awards were presented at the ceremony, which was attended by over 450 participants including the company’s Board of Directors and senior management.

Themed ‘Unstoppable Champions,’ the awards ceremony underscored the spirit of resilience, ambition and consistent excellence that defines Ceylinco Life’s sales force, positioning the awardees as drivers of the company’s sustained market leadership.

The event was graced by Chief Guest Srinivasa Rao, Managing Director – Life and Health (South Asia and South East Asia) at Munich Re, and featured an evening of scintillating entertainment with performances by Sanka Dineth, Shashika Nisansala, the Naadro Band and Prashanthini, complemented by dance acts from Muddrika Dance Studio.

Among the highlights of the evening was the presentation of two Toyota Axio motor cars to R. P. Edirisinghe and S. S. H. M. T. Laksiri in recognition of their consistent excellence in qualifying as High Flyers and MDRT members. The top honours at the awards ceremony were presented to Mr A. S. L. Fernando as Best Agency Head, H. D. Pathirana as Best Agency Supervisor, A. I. P. Manjula as Best Life Insurance Advisor, and J. Meera as Best Regional Sales Manager.

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Kia drives into Colombo’s skyline with landmark showroom at Altair

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Kia Motors (Lanka) Ltd. Chairman Mahen Thambiah and Managing Director Andrew Perera at the opening of the new showroom.

Top Korean nameplate Kia has reinforced its presence in Sri Lanka with the opening of a striking new showroom at the iconic Altair high-rise in Colombo, marking a significant step in the brand’s continued expansion and customer engagement in the country.

The new facility, unveiled exclusively to media on 7th April 2026, occupies approximately 2,700 square feet of prime space at Retail 3 of the Altair development.

Strategically positioned at the entrance to the complex for maximum visibility and accessibility, the showroom places Kia at the heart of one of Colombo’s most prominent luxury residential and lifestyle destinations.

Designed in line with Kia’s global brand guidelines, the showroom presents a modern, customer-centric environment that reflects the company’s focus on innovation, quality and service excellence. The space is intended to offer an immersive retail experience, enabling customers to explore the brand’s evolving portfolio in a setting that mirrors international standards.

“The opening of this new showroom signals Kia’s renewed commitment to Colombo, strengthening its proximity to customers while enhancing convenience and accessibility for those seeking to engage with the brand,” Kia Motors Lanka Chairman Mahen Thambiah said. “It represents a key milestone in our strategy to deepen customer relationships and expand the Kia footprint across key urban locations.”

Taking centre stage at the new showroom is the all-new Kia Tasman, the brand’s first-ever double cab pickup, which makes its debut in Sri Lanka in tandem with the opening. The introduction of the Tasman underscores Kia’s drive to diversify its offering and respond to the evolving demands of customers across multiple segments.

In addition to the Tasman, visitors to the Altair showroom can experience Kia’s full range of vehicles, further enhancing the brand’s appeal to a broad spectrum of automotive enthusiasts.

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Nalin Sri Tikiri Bandara: forging discipline and character through martial arts

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After nearly three decades on the mat, Sri Lankan martial arts instructor H. M. Nalin Sri Tikiri Bandara has built a career that stretches from local dojos in Kandy to international training arenas in the United Arab Emirates, shaping a growing generation of students through what he describes as “a lifelong journey of discipline and self-development.”

With more than 28 years of experience, Bandara has emerged as a prominent figure in martial arts education for children, youth and adults, particularly across Sri Lanka and the UAE, where he is currently based in Abu Dhabi.

Bandara’s martial arts journey began at a young age and has since spanned multiple disciplines, including Kyokushin Karate, Ashihara Karate, Mumonkai Karate, Brazilian Jiu-Jitsu and yoga.

He holds several international dan rankings, including 3rd Dan in Kyokushin Karate (Japan), 4th Dan in Ashihara Karate (Australia), 2nd Dan in Mumonkai Karate (Japan), and 1st Dan under Josui Kai Kan Karate (Japan). Years of training camps, seminars and competitions abroad, he says, have helped refine both technical skill and teaching philosophy.

Bandara is the founder and chief instructor of Nalin Dojo, which operates across multiple locations, including a main branch in Abu Dhabi and an established centre in Kandy. He also runs expansion programmes in schools and fitness centres in the UAE.

Collectively, his programmes have trained more than 2,000 students, ranging from children as young as four to adults.

He also serves as branch chief and representative of the World Karate Alliance Kyokushin Bugakukai, and contributes to the development of full-contact karate at national level in Sri Lanka.

At the core of his teaching is a hybrid approach he calls “Yoga Martial Arts”, blending karate discipline, yoga-based mental conditioning, Brazilian Jiu-Jitsu principles and sports science.

The focus, he says, extends beyond physical combat to character formation, emphasising discipline, respect, confidence-building and mental resilience.

“Martial arts is not just about fighting, it is about building better human beings,” Bandara said.

Much of his work is directed at children and adolescents, particularly in an era he describes as increasingly dominated by digital distractions.

He argues that structured martial arts training can reduce screen dependency, improve concentration, and strengthen emotional stability, while promoting healthier lifestyles.

“Children’s future is the future of the community,” he said, underscoring his belief that early discipline shapes long-term social outcomes.

Beyond regular training, Bandara organises grading examinations, workshops, school programmes and community fitness initiatives in both Sri Lanka and the UAE.

He has continued such activities even during periods of global disruption, maintaining regular engagement with students and instructors.

Looking ahead, Bandara plans to expand his dojo network across the UAE and internationally, while developing structured youth development programmes and training future instructors.

His long-term ambition is to build a sustainable martial arts ecosystem that integrates physical excellence with character education.

In a career defined by discipline and continuity, Bandara represents a generation of martial arts instructors blending traditional combat systems with modern wellness principles — and, in the process, attempting to shape not just fighters, but future citizens.

by SK Samaranayake

 

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