July 1, 2026

Access Financial Services Limited (AFS)

Audited financials for the year ended March 31, 2026:

Access Financial Services Limited (AFS), for the year ended March 31, 2026, reported total interest income of $2.58 billion, a 1% increase relative to the $2.56 billion recorded in 2025. Of this, interest income from loans amounted to $2.57 billion (2025: $2.55 billion), while interest income from securities totalled $15.03 million (2025: $13.35 million).

Interest expense for the year totalled $393.82 million, a 5% decrease compared to the $414.26 million booked in 2025. This resulted in AFS recording net interest income of $2.19 billion for the year, a 2% increase from the $2.15 billion booked in 2025.

Fees and commissions on loans decreased by 16% to $221.30 million from $264.37 million booked in 2025, bringing net interest income plus fees to $2.41 billion, roughly flat relative to $2.42 billion in 2025.

AFS reported other income of $152.33 million (2025: $164.17 million). Foreign exchange losses of $5.68 million were booked for the year relative to $6.80 million recorded in 2025. As such, other operating income for the year decreased by 7%, totalling $146.65 million compared to $157.39 million recorded in 2025.

Consequently, total operating income declined by 1% to $2.56 billion (2025: $2.57 billion).

AFS reported operating expenses for the year of $2.01 billion, a 14% increase relative to $1.77 billion booked in 2025. Of this:

• Staff costs totalled $734.21 million (2025: $679.16 million), up 8%.
• Allowance for credit losses amounted to $567.59 million (2025: $443.24 million), up 28%.
• Depreciation and amortisation amounted to $85.30 million (2025: $90.32 million), down 6%.
• Other operating expenses booked for the year totalled $625.75 million (2025: $558.33 million), up 12%.

Consequently, profit before taxation decreased 32% to $543.62 million for the year relative to $801.39 million recorded in 2025.

AFS paid taxes amounting to $185.10 million (2025: $281.08 million). The company booked profit for the year of $358.51 million, a 31% decrease relative to the $520.31 million recorded for the comparable period in 2025.

Total comprehensive income decreased 34% to $359.16 million from $542.18 million booked in the prior year.

Consequently, earnings per share for the year amounted to $1.31 (2025: EPS: $1.90).

The number of shares used in this calculation was 274,509,840. Notably, AFS’s stock price closed on June 30, 2026, at $17.68, with a corresponding P/E ratio of 13.54x.

Balance Sheet Highlights

The company’s total assets stood at $8.08 billion, a 1% decrease from $8.14 billion recorded in 2025. Cash resources, however, rose 17% to $1.19 billion (2025: $1.02 billion), while gross loans and advances declined slightly to $6.69 billion (2025: $6.94 billion), with net loans and advances of $6.00 billion (2025: $6.21 billion).

Total liabilities decreased to $4.46 billion (2025: $4.77 billion), driven largely by a reduction in loans payable to $3.76 billion (2025: $3.99 billion).

Shareholders’ equity increased 7% to $3.62 billion (2025: $3.37 billion), representing a book value per share of $13.18 (2025: $12.29).

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