CDB’s post-tax profit up by 59 per cent in 2024/25

Citizens Development Business Finance PLC (CDB) has announced a historic performance for FY 2024/25, delivering record-breaking results and reinforcing its strategic ascendancy as a key contributor to Sri Lanka’s economic revival and inclusive development.

A company media release said with Profit After Tax surging to Rs.4 billion (up 59 per cent) and Profit Before Tax at Rs.7.9 billion (up 72 per cent), CDB’s performance signals strategic precision in execution and market foresight.

Total assets surged past the Rs.150 billion mark to Rs.156.9 billion, while net interest income grew 25 per cent to Rs.11.4 billion. This remarkable performance enabled the Board to declare a total cash dividend of Rs. 15 per share (including an interim dividend of Rs.5 per share), reinforcing a track record of superior shareholder value creation.

CDB’s lending portfolio expanded by 29 per cent year-on-year to Rs.110.9 billion, with a 62 per cent growth in approvals and disbursements underscoring its role as a key credit mobiliser to Micro, Small and Medium Enterprises (MSMEs).

CDB’s strategic capital strength - Tier I and Tier II capital ratios at 14.47 per cent and 18.09 per cent respectively, were well above regulatory thresholds. The company’s deepened funding mix, supported by a 19 per cent rise in deposits and reinforced by strong institutional partnerships both local and foreign, positions it to confidently scale its asset base in a competitive financial landscape.