Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — H1 2026 Earnings Presentation
31 slides from Bsp Financial's earnings presentation, Aug 21, 2026
Slide 1: 2026 Half-Year Results Investor Presentation
2026 Half-Year Results Investor Presentation BSP Financial Group Limited | PNGX:BSP | ASX:BFL 21 AUGUST 2026
Slide 2: Important information
Important information NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES This presentation has been prepared and issued by BSP Financial Group Limited (the "Company"), and may not be reproduced in whole or in part, nor may any of its contents be disclosed to an
Slide 3: Contents
Contents Overview 4 Financial Results 9 Strategy & Outlook 21 Appendices 27 BSP Financial Group Limited BSP Classification: External Confidential 3
Slide 4: Overview
Overview Mark T. Robinson, Group Chief Executive Officer BSP Financial Group Limited
Slide 5: The South Pacific's International Bank
The South Pacific’s International Bank Leading bank in the South Pacific, operating in seven countries and investing for sustainable performance SIGNIFICANT MARKET PRESENCE ACROSS OUR DIVERSE REGIONS PNG Fiji Solomon Islands Vanuatu Samoa Tonga Cook Islands 85 branches 17 branches 8 branches 3 branc
Slide 6: Results Highlights
Results Highlights Strong performance underpinned by diversified earnings while continuing to invest for growth Revenue Return on Equity K1,885m [A$620m] 23.9% 17.7% from 1H25 -60bps from 1H25 NPAT Capital Adequacy Ratio K620m [A$204m] 25.3% H IGH L IGH T S • 17.7% increase in revenue reflecting dep
Slide 7: Executing a clear strategy
Executing a clear strategy In a fast-changing environment BSP continues to grow and innovate for our communities and shareholders CUSTOMER & FRANCHISE DIGITAL & MODERNISATION RISK & OPERATIONAL PEOPLE & PERFORMANCE EXECUTION EXCELLENCE STRENGTH RESILIENCE Deepen customer Transform customer Enhance g
Slide 8: Continued digital transaction growth
Continued digital transaction growth Strong transaction growth continues in digital channels as customer habits evolve AV ER A G E M O NT H LY T RANSACT IONS TR ANSACTION GR OWTH [1H26 compared to 1H25] EFTPOS [MILLIONS] INTERNET BANKING [MILLIONS] 7.2m 1.7m CAGR 15% CAGR 42% EFTPOS Internet Banking
Slide 9: Financial Results
Financial Results Glen Skarott, Group Chief Financial Officer BSP Financial Group Limited
Slide 10: Strong operating performance in 1H26
Strong operating performance in 1H26 Strong underlying revenue and earnings performance, with AUD performance impacted by currency movements PGK[MILLIONS] PGK [M I LLI ONS] HY25 HY26 CHANGE AUD1 1[MILLIONS] AUD [M I LLI ONS] HY25 HY26 CHANGE Revenue 1,602 1,885 17.7 % Revenue 621 620 (0.1) % ˗ Net i
Slide 11: Total income composition & operating profit
Total income composition & operating profit Non-interest income is a growing share of total income while continuing investments for growth TOTAL INCOME COMPOSITION OPERATING PROFIT [PGK'million] K762m K1,060m K1,885m +17.7% K62m +15.1% 1H25 1H26 vs 1H25 vs 1H25 Interest Income FX Income Non-interest
Slide 12: Managing operating expenses
Managing operating expenses Cost-to-income (CTI) ratio remains within the expected range P G K [ M I L L I ON S ] [MILLIONS] PGK 1H25 1H26 CHANGE KEY EXPENSE DRIVERS Employment expenses 308 377 22% • Operating expenses increased due to: Administration, Non-salary technology and • Continued investmen
Slide 13: Investing in Modernising for Growth (MFG)
Investing in Modernising for Growth (MFG) Investing to improve the customer experience, drive efficiencies and create sustainable growth COMPARATIVE MFG INVESTMENT SPENDING KEY MFG INVESTMENTS DELIVERED TO DATE K152m Established Business Bank, with investment in digital banking, credit K138m decisio
Slide 14: Credit quality remains resilient
Credit quality remains resilient Credit quality has marginally improved with delinquency rates down and provisions to loans ratios stable BAD & DO U B TFUL DEBT EXPEN SES NON -ACCR UAL R ATES PROV IS ION S T O L OA N S [90+ days, as a percentage of total loans] +6.5% (20)bps PGK millions A$33m A$26m
Slide 15: Strong provisioning
Strong provisioning PROVISION COVERAGE Our provisioning provides protection and flexibility in changing business conditions PROVISION BALANCE LENDING IMPAIRMENT CHARGES CP Coverage Ratio 2.2% 1.4% 1.5% IP Coverage 49% 49% 48% Ratio BSP Financial Group Limited BSP Classification: External Confidentia
Slide 16: Continuing balance sheet growth
Continuing balance sheet growth Robust lending and deposit growth continues across all segments and markets GROSS LOANS TO T A L A S S E T S +8.6% +16.2% PGK A$6.3b PGK A$15.0b billions billions DEPOSITS DEPOSITS MIX +17.8% +1.8% +20.0% A$1.1b A$11.9b A$10.8b PGK PGK billions billions Term Deposits
Slide 17: Loan book composition
Loan book composition • Business Loans increased moderately driven by the new Business Loan portfolio remains resilient, with strong Bank proposition, with strong Corporate pipeline to support growth. • Retail Mortgages rose by over 13.2% on the pcp, driven by growth in Retail lending increased fund
Slide 18: Key ratios remain strong and stable
Key ratios remain strong and stable Our business is stable across core metrics RET U R N O N E QUIT Y [ANNUALI S E D] COST -T O -INCOME CA PIT A L A D E QU A CY (60)bps +130bps (10)bps 12% 2 RET UR N O N A SSET S [ANNUALI S E D] GROSS LOANS TO DEPOSITS L E V E RA GE RA T IO (20)bps (450)bps (30)bps
Slide 19: Consistent record of profitability and strong returns
Consistent record of profitability and strong returns BSP has a compelling record of stable growth and profitability HISTORICAL NET PROFIT AFTER TAX [in PGK'millions] 2002 2015/2016 2017 2021 2025 Merged with 2007 Acquired WBC’s Establish BSP Life ASX listing Record PNGBC [former Entered Solomon Sol
Slide 20: Delivering attractive returns
Delivering attractive returns Continuing to deliver growth and performance for shareholders EARNINGS PER SHARE AND INTERIM DIVIDENDS TOTAL SHAREHOLDER RETURN [TSR1] 366% 186% 15% 13% 2% EX DATE RECORD DATE PAYMENT DATE ASX 26 Aug 2026 27 Aug 2026 24 Sep 2026 PNGX 27 Aug 2026 31 Aug 2026 24 Sep 2026
Slide 21: Strategy & Outlook
Strategy & Outlook Mark T. Robinson, Group Chief Executive Officer
Slide 22: Outlook
Outlook Building capability and resilience to take advantage of opportunities and manage the impact of risks OPPORTUNITIES RISKS A growing middle class in our key markets across Climate change and El Niño events may the South Pacific. adversely impact economic activity and require closer portfolio m
Slide 23: Backing our home markets
CASE Backing our home markets STUDY Strategic partnerships in Rugby League to drive customer and community engagement in PNG and the South Pacific, and investment in a purpose-built headquarters to support operational excellence 2026 RUGBY LEAGUE WORLD CUP BUILDING A PORT MORESBY HEADQUARTERS BSP is
Slide 24: Summary & Close
Summary & Close TRACK RECORD OF PROFITABILITY & RETURNS • Strong first half earnings underpinned by diversified revenue, resilient credit quality, and disciplined cost management. • Half year dividend of K0.54, up 8.0% on 1H25. • FY26 focus on driving success through modernisation program. STRONG BA
Slide 25: Questions
Questions
Slide 26: Contact Us
Contact Us INVESTOR RELATIONS MEDIA RELATIONS PNG & SOUTH PACIFIC Methuselah Eka Wabiria Paul Edwards Senior Manager, ESG & Investor Relations Group Head of Corporate Communications +675 305 6123 | MEkaWabiria@bsp.com.pg +675 70314020 | PEdwards1@bsp.com.pg investor.relations@bsp.com.pg media@bsp.co
Slide 27: Appendices
Appendices
Slide 28: Our History
Our History Leading financial services provider in PNG and the South Pacific. 100-year-old roots in banking in PNG. 150 years in life insurance in Fiji. 1957 1993 2003 2009 2024 NAB NAB sells BSP to Lists on the Acquires Colonial Launched presence PNG National PNGX Bank and Colonial Modernising For
Slide 29: Board of Directors
Board of Directors ROBERT G. BRADSHAW, LLB MARK T. ROBINSON PATRICIA TAUREKA-SERUVATU SYMON BREWIS-WESTON FRANK BOURAGA Chairman, Non-Executive Group Chief Executive LLB, MACID ECON (HONS), MAPPFIN CPA, MACID Director Officer & Managing Director Non-Executive Director Non-Executive Director Non-Exec
Slide 30: Group Executives
Group Executives MARK T. ROBINSON GLEN SKAROTT NUNI KULU BEN WAVELL-SMITH RAY NAICKER VANDHNA NARAYAN Group Chief Executive Officer and Group Chief Financial Officer Group Chief Operating Officer & Group Chief Risk Officer Group Chief Information Officer Group Chief Compliance Managing Director GM P
Slide 31: Championing Prosperity for the South Pacific
Operating with purpose. Guided by values. Our Purpose |Championing Prosperity for the South Pacific Our Vision |The South Pacific’s International Bank Our We Care We Aspire We Grow Values | We respect, value and empower each other, embracing diversity We strive for excellence and continuous improvem