Announcement • Apr 11
HNB Finance PLC has filed a Follow-on Equity Offering in the amount of LKR 2.49953 billion. HNB Finance PLC has filed a Follow-on Equity Offering in the amount of LKR 2.49953 billion.
Security Name: Voting Ordinary Shares
Security Type: Common Stock
Securities Offered: 381,667,019
Price\Range: LKR 5.5
Security Name: Non-Voting Ordinary Shares
Security Type: Common Stock
Securities Offered: 80,072,222
Price\Range: LKR 5
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to LK₨10.00, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 11x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 89% over the past three years. New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (LK₨19.0b market cap, or US$61.5m). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: LK₨0.20 (vs LK₨0.10 in 2Q 2025) Second quarter 2026 results: EPS: LK₨0.20 (up from LK₨0.10 in 2Q 2025). Revenue: LK₨2.56b (up 52% from 2Q 2025). Net income: LK₨414.7m (up 143% from 2Q 2025). Profit margin: 16% (up from 10% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: LK₨0.10 (vs LK₨0.06 in 1Q 2025) First quarter 2026 results: EPS: LK₨0.10 (up from LK₨0.06 in 1Q 2025). Revenue: LK₨2.01b (up 38% from 1Q 2025). Net income: LK₨205.7m (up 106% from 1Q 2025). Profit margin: 10% (up from 6.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Jul 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Ramanika Unamboowe was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to LK₨6.60, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 9x in the Consumer Finance industry in Sri Lanka. Total returns to shareholders of 10% over the past three years. New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (LK₨11.3b market cap, or US$37.8m). Announcement • Jun 09
HNB Finance PLC, Annual General Meeting, Jun 30, 2025 HNB Finance PLC, Annual General Meeting, Jun 30, 2025, at 14:00 Sri Lanka Standard Time. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: LK₨0.42 (vs LK₨0.36 in FY 2024) Full year 2025 results: EPS: LK₨0.42 (up from LK₨0.36 in FY 2024). Revenue: LK₨7.02b (up 29% from FY 2024). Net income: LK₨744.6m (up 20% from FY 2024). Profit margin: 11% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Apr 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (LK₨7.80b market cap, or US$25.9m). Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: LK₨0.11 (vs LK₨0.08 in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.11 (up from LK₨0.08 in 3Q 2024). Revenue: LK₨1.72b (up 17% from 3Q 2024). Net income: LK₨187.0m (up 31% from 3Q 2024). Profit margin: 11% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Dec 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (LK₨7.43b market cap, or US$25.6m). Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to LK₨4.20, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 5x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 62% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: LK₨0.10 (vs LK₨0.08 in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.10 (up from LK₨0.08 in 2Q 2024). Revenue: LK₨1.68b (up 30% from 2Q 2024). Net income: LK₨170.5m (up 23% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: LK₨0.06 (vs LK₨0.07 in 1Q 2024) First quarter 2025 results: EPS: LK₨0.06 (down from LK₨0.07 in 1Q 2024). Revenue: LK₨1.46b (up 21% from 1Q 2024). Net income: LK₨100.1m (down 18% from 1Q 2024). Profit margin: 6.9% (down from 10% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Jul 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.1% average weekly change). Earnings have declined by 18% per year over the past 5 years. Minor Risk Market cap is less than US$100m (LK₨9.40b market cap, or US$30.8m). Announcement • Jun 08
HNB Finance PLC, Annual General Meeting, Jun 28, 2024 HNB Finance PLC, Annual General Meeting, Jun 28, 2024, at 14:00 Sri Lanka Standard Time. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: LK₨0.36 (vs LK₨0.27 loss in FY 2023) Full year 2024 results: EPS: LK₨0.36 (up from LK₨0.27 loss in FY 2023). Revenue: LK₨5.53b (up 55% from FY 2023). Net income: LK₨621.0m (up LK₨1.09b from FY 2023). Profit margin: 11% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Apr 12
HNB Finance PLC Appoints Ravi Tissera as Independent, Non-Executive Director HNB FINANCE PLC, announced its appointment of Ravi Tissera as an Independent Non-Executive Director to its Board, effective from April 04. Tissera is an inclusive finance, impact investing, green finance and MSME Sector specialist with over 15 years' experience as a CEO both in Sri Lanka and Myanmar. He was the Founder CEO of LOLC Micro Credit Ltd. in 2008, which later merged with LOLC Finance PLC (LOFC) in 2018. He continued as Executive Deputy Chairman/CEO of the merged entity until February 2020. He moved to Myanmar in 2020 as CEO of Early Dawn Microfinance Ltd. Under his leadership, Early Dawn made vast improvements and is now among the top four microfinance institutions in Myanmar.Furthermore, during his tenure, Early Dawn was able to be the first MFI in Myanmar to complete long term debt restructuring. He was also instrumental in the transformation of BRAC Sri Lanka, an NGO, to a Non-Bank Financial Institution and expanded microfinance entities outside Sri Lanka for the LOLC group, in Myanmar, Cambodia, Pakistan and Zambia. Tissera has held board positions in many companies in Sri Lanka and overseas and has served as an Alternate Director of Seylan Bank PLC. He has strong competencies in Corporate Finance and lead the first USD syndicate debt finance to the NBFI sector in Sri Lanka Additionally, during his term as CEO at LOLC Micro Credit, INSEAD Business School made a case study for social enterprise for its Masters Programme. He is professionally qualified as a marketer and has received executive education training at HBS. He is also a panellist and resource person in the inclusive finance, impact investing and green finance space. Announcement • Feb 29
HNB Finance PLC Announces Appointment of Prasad Samarasinghe as Non-Independent, Non-Executive Director HNB Finance PLC announced the appointment of Dr. Prasad Samarasinghe to its Board of Directors as a Non-Independent, Non-Executive Director effective 20th February 2024. Dr. Samarasinghe holds a Doctorate in Telecommunications bestowed upon by Australian National University of Canberra. He achieved Master of Engineering and Bachelor of Science in Electronics and Telecommunications with a First Class from University of Moratuwa. In addition, Dr. Samarasinghe is a Licentiate of Part I and Part II of Institute of Chartered Accountants of Sri Lanka and the recipient of best achiever status from the Institute in Financial Accounting, Business Mathematics Statistics and Data Processing in the year 1991. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: LK₨0.08 (vs LK₨0.003 in 3Q 2023) Third quarter 2024 results: EPS: LK₨0.08 (up from LK₨0.003 in 3Q 2023). Revenue: LK₨1.46b (up 26% from 3Q 2023). Net income: LK₨142.9m (up LK₨137.9m from 3Q 2023). Profit margin: 9.8% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Feb 03
HNB Finance plc Appoints Pathirage Anura Perera to Board of Directors HNB FINANCE PLC announced the appointment of seasoned finance professional Pathirage Anura Perera to its board of directors as a Non-Independent, Non-Executive Director, effective January 29, 2024. Perera brings over two decades of invaluable expertise in the private sector, with a remarkable 18-year tenure in senior management roles across Sri Lanka and abroad. His current position as Director Finance at Prime Lands (Pvt.) Ltd. and Prime Lands Residencies PLC underscores his pivotal role in driving financial strategies and shaping the company's success. He has previously held a senior position at Baker Tilly Sri Lanka-Chartered Accountants, where he provided management consultancy and tax advisory services. As a Director of Corporate Secretaries Practice (Pvt.) Ltd, the secretarial unit of the accountancy firm, he played a crucial role in the management and advisory aspects of the organisation.Further, he has gained extensive international exposure while serving as Chief Accountant of Cyprea Group of Companies in the Maldives, where he contributed to areas such as international trade, airline operations and the hospitality and tourism industry. His diverse professional journey also includes attaining significant experience by working in the apparel and insurance sectors in Sri Lanka. Perera holds distinguished professional memberships, including as a Chartered Tax Advisor of the Chartered Accountants of Sri Lanka, a Fellow Member of the Chartered Institute of Taxation of Sri Lanka and a member of the Association of Accounting Technicians Sri Lanka. His educational background is marked by a BSc Management (Special) Degree with Second Class honours from the University of Sri Jayewardenepura and an MBA from Buckinghamshire New University, UK. With his solid financial background, wealth of knowledge, expertise and strong commitment to professional development, he will be an invaluable asset to HNB Finance PLC. Announcement • Jan 12
HNB Finance PLC Announces Management Changes HNB Finance Plc has appointed Rajive Dissanayake as the new Chairman of the company, effective from January 8, 2024. Dissanayake succeeds Dilshan Rodrigo, former Chairman and HNB Executive Director/COO, who served the board since 2021. In his capacity as Chairman, Dissanayake is poised to steer HNB Finance through a dynamic landscape, aligning the company with evolving market trends and ensuring sustained growth. His proven track record and expertise are expected to fortify HNB Finance's position in the financial services sector, enhancing its capabilities to meet the diverse needs of its clientele, the entity said in a statement to the media. As a Non-Independent, Non-Executive Director of the Board of Directors of HNB Finance since 2017, Dissanayake has previously chaired the Board Audit Committee and the Board Integrated Risk Management Committee. Currently serving as the Chairman of the Board Strategic and Investment Review Committee, he brings a wealth of experience to the helm. Dissanayake, who boasts over two decades of experience in banking and capital markets, currently holds the position of Deputy General Manager SME & Micro Finance at Hatton National Bank PLC,. He has previously functioned in the capacities of Chief Financial Officer and Chief Strategy Officer at Hatton National Bank PLC, being an integral part of the corporate management team for over eight years. In addition to his role at HNB Finance, Dissanayake serves as a Director of Acuity Partners (Pvt.) Ltd, Lanka Venture PLC and Lanka Energy Fund PLC. A distinguished professional, he is a CFA Charter holder, Fellow Member of the Chartered Institute of Management Accountants, and a Chartered Global Management Accountant. Dissanayake also holds a Bachelor's Degree in Business Administration from the University of Colombo. Announcement • Nov 25
Hnb Finance plc Appoints Saliya Jayaweera as Independent Non-Executive Director HNB Finance PLC appointed Saliya Jayaweera as an Independent Non-Executive Director to its board, effective from November 21, 2023. Jayaweera counts for over three decades of experience in the Financial Services Industry in multiple markets including United Kingdom, India, across Middle East and the Maldives. His vast international exposure scopes delivery of Finance Transformations, Large Mergers, Acquisitions and Integrations coupled with Implementation of Performance Management, Reward Models, System implementations (ERP, banking, front-end commercial systems) inmany organizations. As an experienced finance professional, Jayaweera has steered many organizations through a successful transformational process. He has held senior positions in KPMG, Browns Group, Standard Chartered Banking Group, Emirates Bank, Emirates NBD Banking Group (UAE), StraitsBridge Advisors (Singapore), EAP Group of Companies and Banque Saudi Fransi Group (Saudi Arabia). Jayaweera's work currently focused on providing advisory support to SMEs and family businesses towards recovery from the adverse impact of the pandemic and prolonged economic crisis in Sri Lanka. He is a Fellow Member of The Institute of Chartered Accountants of Sri Lanka. Reported Earnings • Nov 14
Second quarter 2024 earnings released: EPS: LK₨0.08 (vs LK₨0.27 loss in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.08 (up from LK₨0.27 loss in 2Q 2023). Revenue: LK₨1.30b (up 79% from 2Q 2023). Net income: LK₨138.2m (up LK₨596.4m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (LK₨9.14b market cap, or US$27.8m). Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: LK₨0.07 (vs LK₨0.12 loss in 1Q 2023) First quarter 2024 results: EPS: LK₨0.07 (up from LK₨0.12 loss in 1Q 2023). Revenue: LK₨1.21b (up 59% from 1Q 2023). Net income: LK₨122.0m (up LK₨320.3m from 1Q 2023). Profit margin: 10% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jul 05
Full year 2023 earnings released: LK₨0.27 loss per share (vs LK₨0.29 profit in FY 2022) Full year 2023 results: LK₨0.27 loss per share (down from LK₨0.29 profit in FY 2022). Revenue: LK₨3.56b (down 7.1% from FY 2022). Net loss: LK₨469.0m (down 193% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
Full year 2023 earnings released: LK₨0.33 loss per share (vs LK₨0.29 profit in FY 2022) Full year 2023 results: LK₨0.33 loss per share (down from LK₨0.29 profit in FY 2022). Revenue: LK₨3.69b (down 3.7% from FY 2022). Net loss: LK₨561.6m (down 212% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: LK₨0.003 (vs LK₨0.065 in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.003 (down from LK₨0.065 in 3Q 2022). Revenue: LK₨1.16b (up 13% from 3Q 2022). Net income: LK₨5.03m (down 96% from 3Q 2022). Profit margin: 0.4% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Board Change • Dec 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Independent Non-Executive Director Brahmanage Premalal was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 20
Second quarter 2023 earnings released: LK₨0.27 loss per share (vs LK₨0.04 profit in 2Q 2022) Second quarter 2023 results: LK₨0.27 loss per share (down from LK₨0.04 profit in 2Q 2022). Net loss: LK₨458.2m (down LK₨549.0m from profit in 2Q 2022). Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Murali Polamarasetty was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Murali Polamarasetty was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
HNB Finance PLC Appoints Murali Srinivas Polamarasetty to Board of Directors HNB Finance PLC announced the appointment of Murali Srinivas Polamarasetty to the company's Board of Directors as an independent, non-executive director effective from September 15, 2022. Murali has held management positions in the corporate sector for over 15 years in diverse sectoral experiences such as Microfinance, Micro-Insurance, Micro-pensions, Affordable/Micro-housing, Housing Microfinance, Drinking Water, and Sanitation. He currently holds the position of Managing Director & CEO at S.M.I.L.E Microfinance Limited in India and serves as Director at Protimos Foundation of London, UK. Further. He is also an Investment Committee Member of Yunus Social Business Fund in Bengaluru, India. Murali previously has served as a director in many institutions specializing in Microfinance, IT, Bottled water, and Consultancy services in India and the United Kingdom such as Mimoza Enterprises Finance Company Limited- India, Signumtree Consultancy Private Limited, India, Homecare Limited, UK, Acer Engineers Private Limited, Hyderabad, India, and Tripod Impex Private Limited, India. Murali holds an M.A. in Political Science from the Sri Venkateswara University of India, and a B.S.C in Physics from the Madras University of India. He has also completed an Executive learning programme in Leadership in Microfinance from Harvard Business School. Murali was a Visiting Faculty Member of Leeds University - School of Design in the United Kingdom. Further to his corporate portfolio he also serves as a Member of The Board of Advisors in Needy Illiterate Children Education which is an NGO for orphans' education and a Member of The Board of Advisors of Partners in Prosperity an NGO for water solutions for the poor in India. Recent Insider Transactions • Oct 11
Non-Independent Non-Executive Chairman recently bought LK₨5.3m worth of stock On the 5th of October, Dilshan Peter Rodrigo bought around 1m shares on-market at roughly LK₨5.30 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Dilshan Peter's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 17% share price decline to LK₨6.00, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 4x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 25% over the past year. Reported Earnings • Aug 17
First quarter 2023 earnings released: LK₨0.12 loss per share (vs LK₨0.04 profit in 1Q 2022) First quarter 2023 results: LK₨0.12 loss per share (down from LK₨0.04 profit in 1Q 2022). Revenue: LK₨763.3m (down 12% from 1Q 2022). Net loss: LK₨198.3m (down 358% from profit in 1Q 2022). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨7.00, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 3x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 13% over the past year. Reported Earnings • Jul 02
Full year 2022 earnings released: EPS: LK₨0.29 (vs LK₨0.072 loss in FY 2021) Full year 2022 results: EPS: LK₨0.29 (up from LK₨0.072 loss in FY 2021). Revenue: LK₨3.83b (up 58% from FY 2021). Net income: LK₨503.2m (up LK₨626.8m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). Announcement • Jul 01
HNB Finance PLC, Annual General Meeting, Jul 26, 2022 HNB Finance PLC, Annual General Meeting, Jul 26, 2022, at 10:00 Sri Lanka Standard Time. Location: the "Auditorium", Level 06, Head Office of HNB Finance PLC No. 168, Nawala Road Nugegoda Sri Lanka Agenda: To consider notice of meeting; to receive and consider the report of the board of directors and the statements of accounts for the year ended 31 March 2022 together with the report of the auditors thereon; to re-election of directors; to reappoint messrs kpmg, sri lanka, chartered accountants, as the auditors of the company for the upcoming year and to authorize the directors to determine their remuneration; and to consider other matter. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 19% share price decline to LK₨5.80, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 4x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 35% over the past year. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: LK₨0.30 (vs LK₨0.072 loss in FY 2021) Full year 2022 results: EPS: LK₨0.30 (up from LK₨0.072 loss in FY 2021). Revenue: LK₨3.94b (up 59% from FY 2021). Net income: LK₨515.6m (up LK₨639.2m from FY 2021). Profit margin: 13% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 17% share price gain to LK₨6.30, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 4x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨7.50, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 5x in the Consumer Finance industry in Sri Lanka. Total loss to shareholders of 3.8% over the past year. Reported Earnings • Feb 18
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: LK₨1.03b (up 119% from 3Q 2021). Net income: LK₨114.0m (up LK₨260.8m from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Executive Departure • Sep 23
Non-Independent Non Executive Chairman Antonio Alles has left the company On the 10th of September, Antonio Alles' tenure as Non-Independent Non Executive Chairman ended after 6.8 years in the role. We don't have any record of a personal shareholding under Antonio's name. Antonio is the only executive to leave the company over the last 12 months. Reported Earnings • Aug 15
First quarter 2022 earnings released The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: LK₨871.0m (up 25% from 1Q 2021). Net income: LK₨76.8m (up LK₨82.5m from 1Q 2021). Profit margin: 8.8% (up from net loss in 1Q 2021). Is New 90 Day High Low • Feb 19
New 90-day low: LK₨8.60 The company is down 11% from its price of LK₨9.70 on 20 November 2020. The Sri Lankan market is up 27% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 84% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: LK₨0.09 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: LK₨470.6m (down 59% from 3Q 2020). Net loss: LK₨146.8m (down 231% from profit in 3Q 2020). Is New 90 Day High Low • Feb 02
New 90-day low: LK₨9.30 The company is down 17% from its price of LK₨11.20 on 04 November 2020. The Sri Lankan market is up 49% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Finance industry, which is up 140% over the same period. Announcement • Dec 20
HNB Finance PLC Announces the Appointment of Kovinda Gimnada Perera to Board of Directors, as Non-Independent, Non-Executive Director HNB Finance PLC announced the appointment of Kovinda Gimnada Perera to the company's Board of Directors, as a non-independent, non-executive director, effective from 10th December 2020. Perera joins the HNBF Board of Directors filling the vacant non-independent, non-executive director position of former Deputy Chairman & non-independent, non-executive director Premalal Brahmanage who recently retired in term of Finance Companies (Corporate Governance) Direction of Central Bank of Sri Lanka after serving 9 years on the board. Perera a graduate from the prestigious Imperial College of London, is a highly qualified strategist, who has demonstrated experience in the fields of real estate, financial projection and bespoke investment advisory. He is currently the Head of Strategy and Business development at Prime Group, Sri Lanka's foremost real estate conglomerate. He is also actively involved in the group's foreign market arena where he plays a pivotal role in consultation. Valuation Update With 7 Day Price Move • Nov 04
Market bids up stock over the past week After last week's 27% share price gain to LK₨11.20, the stock is trading at a trailing P/E ratio of 65.7x, up from the previous P/E ratio of 51.6x. This compares to an average P/E of 6x in the Consumer Finance industry in Sri Lanka. Valuation Update With 7 Day Price Move • Oct 21
Market pulls back on stock over the past week After last week's 16% share price decline to LK₨8.60, the stock is trading at a trailing P/E ratio of 50.5x, down from the previous P/E ratio of 59.9x. This compares to an average P/E of 7x in the Consumer Finance industry in Sri Lanka.