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.
As the nation emerges from crisis into resurgence, CDB has demonstrated not only resilience, but leadership, translating macro-recovery into transformative, real-economy impact.
With Profit After Tax surging to Rs. 4Bn (up 59%) and Profit Before Taxes at Rs. 7.9Bn (up 72%), CDB’s performance signals strategic precision in execution and market foresight. Total assets surged past the Rs. 150Bn mark to Rs. 156.9Bn, while net interest income grew 25% to Rs. 11.4Bn.
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.
Amid Sri Lanka’s 5% GDP growth and sweeping macro-stabilisation, CDB leveraged emerging opportunities with remarkable agility. Its lending portfolio expanded by 29% year-on-year to Rs. 110.9Bn, with a 62% growth in approvals and disbursements underscoring its role as a key credit mobiliser to Micro, Small and Medium Enterprises (MSMEs).
CDB accounted for a significant 8% share of finance company lending to the private sector in 2024 affirming its role as a financial catalyst in grassroots economic recovery.
Crucially, this growth was underpinned by a disciplined and future-ready asset quality strategy.
