{"id":886,"date":"2025-06-27T10:15:10","date_gmt":"2025-06-27T10:15:10","guid":{"rendered":"https:\/\/fintrexfinance.kites.global\/?p=886"},"modified":"2025-07-25T04:51:33","modified_gmt":"2025-07-25T04:51:33","slug":"fintrex-finance-plc-powers-ahead-in-fy-2024-25-with-strategic-growth-and-innovation","status":"publish","type":"post","link":"https:\/\/fintrexfinance.kites.global\/ta\/fintrex-finance-plc-powers-ahead-in-fy-2024-25-with-strategic-growth-and-innovation\/","title":{"rendered":"Fintrex\u00a0Finance PLC Powers Ahead in FY 2024\/25 with Strategic Growth and Innovation."},"content":{"rendered":"
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Fintrex Finance PLC has delivered a landmark performance for the financial year 2024\/25, reflecting strong financial fundamentals, strategic agility, and digital innovation. Under the theme \u201cSmart Finance, Smarter Future,\u201d the company\u2019s audited financials showcase a year of disciplined growth, positioning Fintrex as a trusted and forward-thinking financial partner in Sri Lanka.<\/p>\n\n\n\n

Strong Growth in Assets and Deposits<\/strong><\/p>\n\n\n\n

Total assets grew by 44% to LKR 21.7 billion, driven by a strategic expansion in leasing and loan portfolios, which rose 46% to LKR 19.25 billion. Customer deposits increased by 55% to LKR 9.74 billion, underscoring rising public confidence and placing Fintrex among the top-performing licensed finance companies in the country.<\/p>\n\n\n\n

Strategic Focus on High-Yield Lending<\/strong><\/p>\n\n\n\n

The company\u2019s performance was underpinned by a deliberate shift toward high-yield, secured lending segments, including gold-backed loans, SME financing, mobile financing, and micro leasing. This strategy helped reduce exposure to volatile segments and build a more balanced and resilient portfolio, supporting sustainable growth and improved risk-adjusted returns.<\/p>\n\n\n\n

Profitability and Efficiency<\/strong><\/p>\n\n\n\n

Profitability remained strong, with net interest income rising 71% to LKR 1.74 billion, aided by disciplined cost-of-funds management. Fee and commission income more than doubled to LKR 224 million, and other operating income added LKR 32 million. Despite a prudent impairment charge of LKR 272 million, net operating income rose 32% to LKR 1.73 billion. Focused cost management resulted in a 67% increase in net profit to LKR 184 million.<\/p>\n\n\n\n

Credit Rating Upgrade by Fitch<\/strong><\/p>\n\n\n\n

In a significant recognition, Fitch Ratings upgraded Fintrex\u2019s credit rating from B+ to BB, citing a strong capital base, improved credit profile, and sound governance. This double upgrade strengthens Fintrex\u2019sposition in capital markets, allowing it to attract institutional investors and secure funding on competitive terms.<\/p>\n\n\n\n

A Capital Market Milestone<\/strong><\/p>\n\n\n\n

Fintrex made history with the launch of Sri Lanka\u2019s first high-yield bond, raising LKR 1 billion in Tier II capital. This pioneering initiative boosted the company\u2019s total capital ratio to 18.32%, well above the regulatory minimum. The bond issuance also marked a significant step in deepening the local capital market and reflected Fintrex\u2019s leadership in financial structuring and innovation.<\/p>\n\n\n\n

Liquidity and Financial Discipline<\/strong><\/p>\n\n\n\n

Fintrex maintained a strong liquidity position, supported by diversified funding sources, steady deposit inflows, and prudent cash flow management. Strategic borrowings added flexibility to capture market opportunities, ensuring business continuity and resilience in a dynamic environment.<\/p>\n\n\n\n

Digital Advancements<\/strong><\/p>\n\n\n\n

Continuing its digital journey, Fintrex enhanced customer experience through digitized loan processing, deposit management, and integrated engagement platforms. A key highlight is the upcoming FintrexMobile App, set for launch in August 2025, offering micro-loans, vehicle financing, and gold-backed credit through mobile devices. The app will feature AI-driven credit scoring, biometric authentication, e-KYC, and real-time fund disbursement, reinforcing the company\u2019s commitment to financial inclusion and accessibility.<\/p>\n\n\n\n

Commitment to Transparency<\/strong><\/p>\n\n\n\n

Fintrex\u2019s audited financial statements and annual report for FY 2024\/25 are now available on its official website and the Colombo Stock Exchange. Stakeholders are encouraged to review the report for detailed insights into the company\u2019s performance and strategic direction.<\/p>\n\n\n\n

www.cse.lk<\/strong><\/a><\/p>\n\n\n\n

Looking Ahead<\/strong><\/p>\n\n\n\n

Fintrex remains focused on secured lending, digital transformation, and customer-centric service delivery. With a solid capital base, upgraded credit rating, and a culture of innovation, the company is well-positioned to scale sustainably and contribute meaningfully to Sri Lanka\u2019s financial sector.<\/p>\n\n\n\n

Fintrex finance board \u2013 Ajit Gunewardene, Ronnie Peiris, Shantanu Nagpal, Sabry Ibrahim, Shrihan B Perera, Nilam Jayasinghe, Indrajith Wickramasinghe, JFR De Fonseka.<\/p>","protected":false},"excerpt":{"rendered":"

Fintrex Finance PLC has delivered a landmark performance for the financial year 2024\/25, reflecting strong financial fundamentals, strategic agility, and digital innovation. Under the theme \u201cSmart Finance, Smarter Future,\u201d the company\u2019s audited financials showcase a year of disciplined growth, positioning Fintrex as a trusted and forward-thinking financial partner in Sri Lanka. Strong Growth in Assets and Deposits Total […]<\/p>\n","protected":false},"author":3,"featured_media":887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-events"],"acf":[],"_links":{"self":[{"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/posts\/886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/comments?post=886"}],"version-history":[{"count":1,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/posts\/886\/revisions"}],"predecessor-version":[{"id":888,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/posts\/886\/revisions\/888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/media\/887"}],"wp:attachment":[{"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/media?parent=886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/categories?post=886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintrexfinance.kites.global\/ta\/wp-json\/wp\/v2\/tags?post=886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}