COLOMBO, Sri Lanka, September 2 (ePRESS) – PMF Finance PLC has staged a remarkable comeback, transforming from a loss-making company into a profitable financial institution.
When Chandula Abeywickrama became Chairman in 2019, the company was in crisis. It had recorded a Rs. 93 million loss, its assets stood at only Rs. 2.8 billion, and depositors were pulling out due to weak governance and poor credibility.
Under his leadership, PMF Finance launched a disciplined restructuring plan. A new Board of Directors was appointed with experienced professionals, and strict financial discipline was introduced.
Over the next six years, the company’s gross income grew at a compound annual growth rate of 38.09%, reaching Rs. 4.27 billion in 2025. Most importantly, the company moved from a Rs. 93 million loss in 2019 to a Rs. 322 million profit in 2025, reflecting a 219% CAGR in profitability.
The company’s asset base expanded to Rs. 21.6 billion, loans and receivables rose to Rs. 17.17 billion, and deposits increased to Rs. 14.4 billion.
In the first quarter of 2025, PMF Finance reported further strong results. Gross income grew 23% year-on-year to Rs. 1.22 billion, net interest income jumped 63% to Rs. 680 million, and operating profit before tax more than tripled to Rs. 187.9 million. Quarterly profit rose to Rs. 77.3 million, almost double the Rs. 40.6 million reported a year earlier.
This turnaround, company officials said, was not accidental but the outcome of strategic leadership, patient decision-making, and a focus on sustainability.
For PMF Finance, the past seven years have been a story of revival and responsibility.
