Janashakthi Finance PLC (formerly known as Orient Finance PLC), an innovative and customer-focused non-banking financial institution and a subsidiary of JXG (Janashakthi Group), announced a strong financial performance for the financial year 2024/25, achieving notable growth across key indicators despite ongoing market challenges.
The company reported a 34% growth in total assets, reaching LKR 27.4 billion, underscoring the success of its strategic transformation and its continued commitment to delivering high-impact financial solutions to a growing customer base.
In a year marked by economic headwinds, Janashakthi Finance also recorded a 41% increase in loans and advances, growing from LKR 15.7 billion to LKR 22 billion, while deposits rose by 17% to LKR 16 billion. These results reflect growing customer confidence and the company’s strengthened market positioning.
Net profit for the year stood at LKR 371.80 million, marking a 6.68% increase compared to LKR 348.52 million in the previous year. Meanwhile, focused recovery efforts led to a significant drop in impairment charges, down to LKR 90.7 million from LKR 140.2 million, highlighting improved portfolio quality and operational discipline.
Rajendra Theagarajah, Chairman of Janashakthi Finance PLC, commented on the company’s performance: “This year’s results are a clear indication of the impact of our transformation strategy and the strength of our fundamentals. As we evolve under the Janashakthi brand, we are creating meaningful value for customers while building a platform for long-term growth. Our focus remains on scaling our business responsibly and expanding access to innovative financial solutions across the country.”
K.M.M. Jabir, Director/CEO of Janashakthi Finance PLC, added: “Our growth in assets, lending and deposits reflects the trust our customers place in us and the dedication of our teams across Sri Lanka. This performance is a direct result of disciplined execution, technology-driven service delivery, and sharper customer engagement. We will continue to build on this momentum, with a focus on sustainable expansion and operational excellence.”
With a renewed brand identity and a clear strategic roadmap, Janashakthi Finance PLC is poised to further strengthen its role as a key player in Sri Lanka’s financial services landscape.
