Merchant Bank of Sri Lanka & Finance PLC (COSE:MBSL.N0000)

COSE:MBSL.N0000 Income Statement

Financials in millions LKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	6,695	6,467	6,915	6,705	5,601	5,056
Interest Paid on Deposits	3,813	4,003	4,897	4,688	2,683	3,532
Net Interest Income	2,882	2,464	2,018	2,017	2,919	1,524
Net Interest Income Growth (YoY)	33.46%	22.14%	0.04%	-30.91%	91.49%	-34.23%
Income From Trading Activities	917.84	793.81	120.24	3.66	44.28	10.31
Gain (Loss) on Sale of Assets	14.74	14.74	24.96	29.07	85.54	18.84
Other Non-Interest Income	-47.36	636.25	767.81	221.55	429.23	278.83
Total Non-Interest Income	885.22	1,445	913.01	254.28	559.05	307.98
Non-Interest Income Growth (YoY)	-41.77%	58.25%	259.06%	-54.52%	81.52%	-4.83%
Revenues Before Loan Losses	3,767	3,909	2,931	2,271	3,478	1,832
Provision for Loan Losses	-125.49	-101.11	-25.09	-16.5	74.45	563.43
Revenue	3,893	4,010	2,956	2,287	3,404	1,269
Revenue Growth (YoY)	0.59%	35.68%	29.21%	-32.79%	168.23%	-46.27%
Salaries and Employee Benefits	1,622	1,579	1,491	1,527	1,361	1,237
Occupancy Expenses	318.59	327.72	309.31	298.62	272.43	305.39
Selling, General & Administrative	126.31	126.31	45.84	86.51	96.21	71.11
Other Non-Interest Expense	1,550	1,514	1,169	889.67	947.7	603.67
Total Non-Interest Expense	3,567	3,534	2,986	2,746	2,568	2,197
EBT Excluding Unusual Items	326.11	475.9	-30.76	-458.25	835.7	-927.63
Pretax Income	326.11	475.9	-30.76	-458.25	835.7	-927.63
Income Tax Expense	211.43	210.25	55.11	-148.76	358.4	-18.55
Earnings From Continuing Operations	114.67	265.65	-85.86	-309.49	477.3	-909.08
Minority Interest in Earnings	82.98	-5.31	3.76	-15.57	47.77	128.42
Net Income	197.66	260.34	-82.1	-325.06	525.07	-780.67
Net Income to Common	197.66	260.34	-82.1	-325.06	525.07	-780.67
Net Income Growth	-32.38%	-	-	-	-	-
Basic Shares Outstanding	518	525	525	525	259	166
Diluted Shares Outstanding	518	525	525	525	259	166
Shares Change (YoY)	-2.77%	-	-	102.35%	56.28%	-
EPS (Basic)	0.38	0.50	-0.16	-0.62	2.03	-4.71
EPS (Diluted)	0.38	0.50	-0.16	-0.62	2.03	-4.71
EPS Growth	-30.45%	-	-	-	-	-
Effective Tax Rate	64.84%	44.18%	-	-	42.89%	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.