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

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