Softlogic Finance PLC has reported a significant turnaround, recording a profit of approximately Rs. 150 million for the financial year as the company continues its transformation journey through disciplined financial management and sustainable growth.

Twelve months ago, the company’s primary focus was stabilisation. Today, Softlogic Finance has emerged with a stronger balance sheet, improved asset quality and a clear long term strategy centred on resilience, responsible lending and stakeholder confidence.

The company now manages a total asset base exceeding Rs. 7.5 billion, supported by a lending portfolio of approximately Rs. 6.7 billion and a customer deposit base of more than Rs. 3.8 billion. Reflecting its strengthened financial position, Softlogic Finance also maintains one of the highest Capital Adequacy Ratios in Sri Lanka’s finance industry at approximately 61 per cent, while its Core Capital has surpassed Rs. 2.8 billion.

Commenting on the company’s progress, Chief Executive Officer Dhanushka Fonseka said the objective has never been short term expansion but rather building a stronger and more resilient financial institution capable of delivering sustainable returns through disciplined risk management.

The company’s core growth strategy remains focused on vehicle leasing, vehicle loans, gold loans, savings accounts and fixed deposits, with particular emphasis on secured and asset backed lending. Notably, the new lending portfolio generated during the year has recorded zero non performing loans, highlighting the effectiveness of its underwriting and credit evaluation processes.

With a network of 15 branches across Sri Lanka and the backing of the diversified Softlogic Group, the company plans to further strengthen its balance sheet, expand its high quality lending portfolio and pursue conservation focused corporate social responsibility initiatives, reinforcing its commitment to sustainable economic and environmental progress.