One of Sri Lanka`s largest listed entities, the Pan Asia Banking Corporation (PABC) and global fintech platform Pine Labs have today announced a partnership that will see the fintech major implementing an end-to-end card management platform for the bank. Under this partnership, Pine Labs will deploy a full-stack Credit Card Management System for Pan Asia Bank. This platform will support high transaction concurrency and uptime, giving the bank flexible and scalable product configurations. Pine Labs` Credit+ platform will be used for end-to-end issuance of credit cards for the bank, including card issuance, activation, billing, payment processing, reconciliation, and settlement.Powered by Capital Market - Live News

Net profit of Pine Labs reported to Rs 42.39 crore in the quarter ended December 2025 as against net loss of Rs 56.67 crore during the previous quarter ended December 2024. Sales rose 23.71% to Rs 744.27 crore in the quarter ended December 2025 as against Rs 601.64 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales744.27601.64 24 OPM %17.7312.79 - PBDT142.9061.61 132 PBT74.77-14.64 LP NP42.39-56.67 LP Powered by Capital Market - Live News

Pine Labs will hold a meeting of the Board of Directors of the Company on 28 January 2026.Powered by Capital Market - Live News

Pine Labs will hold a meeting of the Board of Directors of the Company on 3 December 2025.Powered by Capital Market - Live News