Union Bank of Colombo PLC (COSE:UBC.N0000)

Union Bank of Colombo 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	15,900	15,975	22,493	18,681	10,699	12,714
Interest Paid on Deposits	10,010	10,358	15,319	11,919	5,514	8,177
Net Interest Income	5,890	5,617	7,174	6,762	5,185	4,538
Net Interest Income Growth (YoY)	-8.78%	-21.71%	6.10%	30.42%	14.27%	-13.30%
Gain (Loss) on Sale of Assets	2.88	2.88	1.36	2.54	3.21	4.08
Gain (Loss) on Sale of Investments	81.38	129.45	55.84	52.73	435.41	1,146
Other Non-Interest Income	2,455	2,152	1,946	2,028	1,365	1,000
Total Non-Interest Income	2,539	2,285	2,003	2,083	1,803	2,151
Non-Interest Income Growth (YoY)	23.60%	14.03%	-3.84%	15.54%	-16.15%	27.84%
Revenues Before Loan Losses	8,429	7,901	9,178	8,845	6,988	6,688
Provision for Loan Losses	-123.7	178.17	1,735	2,968	1,129	947.24
Revenue	8,553	7,723	7,443	5,878	5,859	5,741
Revenue Growth (YoY)	18.81%	3.76%	26.63%	0.31%	2.07%	-9.40%
Salaries and Employee Benefits	3,011	2,774	2,681	2,293	2,065	2,141
Occupancy Expenses	1,029	895.38	832.77	787.28	737.05	724.67
Selling, General & Administrative	222.57	222.57	123.77	97.16	55.79	60.32
Other Non-Interest Expense	3,325	3,094	2,899	2,173	1,754	1,745
Total Non-Interest Expense	7,588	6,986	6,536	5,350	4,612	4,671
EBT Excluding Unusual Items	964.98	737.31	906.46	527.44	1,248	1,070
Asset Writedown	-	-	-	-	-	-1.05
Pretax Income	961.09	733.41	900.87	525.28	1,240	1,069
Income Tax Expense	475.2	433.69	436.98	102.34	389.68	445.92
Earnings From Continuing Operations	485.89	299.73	463.89	422.94	850.18	622.75
Minority Interest in Earnings	-9.13	-2.05	-7.6	11.13	-13.35	9.96
Net Income	476.76	297.67	456.29	434.07	836.83	632.71
Net Income to Common	476.76	297.67	456.29	434.07	836.83	632.71
Net Income Growth	189.30%	-34.76%	5.12%	-48.13%	32.26%	-17.31%
Basic Shares Outstanding	1,065	1,084	1,084	1,084	1,084	1,084
Diluted Shares Outstanding	1,084	1,102	1,091	1,090	1,084	1,084
Shares Change (YoY)	-1.49%	1.08%	0.08%	0.58%	-0.01%	-0.51%
EPS (Basic)	0.45	0.27	0.42	0.40	0.77	0.58
EPS (Diluted)	0.44	0.27	0.42	0.40	0.77	0.58
EPS Growth	191.78%	-35.71%	5.00%	-48.05%	32.76%	-17.14%
Dividend Per Share	-	-	-	-	-	0.130
Dividend Growth	-	-	-	-	-	-7.14%
Effective Tax Rate	49.44%	59.13%	48.51%	19.48%	31.43%	41.73%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.