Kina Securities Ltd. · ASX:KSL
Kina Securities — FY2025 Earnings Presentation
30 slides from Kina Securities's earnings presentation, Feb 27, 2026
Slide 1: Full Year Results 2025
F U L L Y E A R R E S U LT S 2 0 2 5 27 February 2026 1
Slide 2: Disclaimer
Disclaimer You must read this notice before reading or making any use of this document or any information contained in this document. By accepting this document, you agree to the following terms and conditions, including any modifications to them. Disclaimer of liability: All information contained i
Slide 3: Contents
Contents. Ivan Vidovich – CEO & Johnson Kalo – Chief Financial Managing Director Officer 3
Slide 4: Overview
Overview. Statutory NPAT Underlying NPAT Revenue K121m K126m K546m +20% +15% +13% Operating Costs Return on Equity Final Dividend Per Share K298m 17.4% 19 toea +4% +200bps [6.5 cents] +25% 4
Slide 5: Market Share
Market Share. Lending Deposit • Strong loan growth in second Total System Deposit (Source BPNG) Total System Lending (Source BPNG) half, up 17.8% on PCP, driven by Kina Deposit Book 25.0% Kina Loan Book commercial lending. 20.0% Kina Deposit Market Share 36,146 Kina Lending Market Share 18,293 33,10
Slide 6: Shareholder Returns
Shareholder Returns. Return on Equity Dividend per Share Earnings per Share +22% +20% +13% 31.9 41.8 25.6 26.1 36.6 34.9 17.4% 16.8% +10% +4% PGK'm 15.4% 10.0 10.0 11.0 13.8 14.0 13.5 FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 DPS (PGK toea) DPS (AUD cents) EPS (PGK toea) EPS (AU
Slide 7: FY2025 Results
FY2025 Results. W Kina Securities Limited
Slide 8: Financial Highlights
Financial Highlights. Revenue Statutory NPAT Underlying NPAT K545.5m K120.7m K126.2m (K484.9m) 13% (K100.3m) 20% (K109.5m) 15% Shareholder Returns Efficient Growth • Final Dividend: 19.3 toea (6.5 cents) and full • Return on Equity increased by 200bps to 17.4%. year of 31.9 toea (11.0 cents) +22%. •
Slide 9: Revenue +13%
Revenue + 13%. 273 • Key revenue drivers: 224 - Treasury Bills & Govt. Inscribed Stock 194 income +44% FY2023 - Net interest income + 22% PGK'm FY2024 FY2025 - Foreign Exchange income +17% 100 - Digital income +13% 86 92 73 81 73 59 64 51 51 47 48 37 34 37 13 15 1 T/Bills & GIS Loans FX Digital Weal
Slide 10: Lending income +22%, Loan Book +13%
Lending income +22%, Loan Book +13%. • Strong loan growth of 13% vs PCP 113 69 124 126 • Key drivers: 98 86 105 93 113 629 - Business loans (+17%) 84 104 110 608 - Asset financing (+16%) PGK'm 576 - Investment property (+11%) - Home loans (+4%) 2,280 1,942 1,651 FY2023 FY2024 FY2025 Business Loan Ho
Slide 11: Net Interest Income
Net Interest Income. Net Interest Income (PGK'm) Net Interest Margin (%) Interest Spread (loans) % • Loan yields improved following IFRS9 Cost of funds (%) Interest Spread (investment) % aligned re-estimation of interest 300.0 8.0% income. 7.1% 7.1% 7.2% 7.0% 6.8% • Higher Treasury Bill yields furth
Slide 12: Non-Interest Revenue
Non-Interest Revenue. FX Revenue +17% Digital Revenue +13% Internet Banking fees 100.4 Mobile Banking fees VISA Fees 85.9 Merchant fees 39 37 PGKm PGKm 51.3 27 42 31 36 FY2023 FY2024 FY2025 FY2023 FY2024 FY2025 • Strong FX activity. • Digital and partnership income up 13%, driving • Higher commodity
Slide 13: Operation Costs +4%
Operation Costs + 4%. +4% Investment in: • Senior leadership and specialist capabilities in strategy, risk, IT and 286.6 innovation. 6.7 0.6 298.3 11.9 5.5 13.0* • AML and CTF capability. 273.6 273.05 • Technology and network infrastructure resilience. • Credit maturity. Incremental investments to c
Slide 14: Asset Quality
Asset Quality. 8.1% 7.9% 7.7% 7.3% • Impairment expense was PGK 39.0m 6.5% 6.4% (1.2% of GLA) and includes a one-off 5.7% K19.7m increase to address a number of aged non-performing loans. 5.1% • Asset quality continued to improve, with the NPL ratio down 40bps to 7.7% and GLA coverage at 2.6%, provi
Slide 15: Capital Adequacy
Capital Adequacy. Capital Adequacy: T1 + T2 BPNG minimum total risk based capital • Capital adequacy ratios remain healthy and above BPNG’s Well 20.0% Capitalised classification. 18.3% 17.1% • As a growing bank, we continue to make efficient use of our capital base. • Corporate bond planned for rele
Slide 16: Strategy & Outlook
Strategy & Outlook. 16
Slide 17: 2030 Strategy
2030 Strategy. Values for C.H.A.N.G.E Purpose: Creating Brighter Futures. Courage We speak up and challenge ourselves to do better. Vision: To be the most trusted financial services partner for the people, communities, and the markets that we serve. Heart We take pride in serving our customers and c
Slide 18: Strategic focus 2026/2027
Strategic focus 2026/2027. • Organic growth in target segments • Optimised capital planning • Culture development program • Customer experience, and process efficiency • Inorganic growth options 18
Slide 19: Sustainable Communities
Sustainable Communities. • Strongim Komuniti Grant (SKG) program: Kina Bank team members participated in 10 projects across provincial PNG in 2025, including: - School desks for Pinu Primary School and Holy Rosary Primary School - Solar lights at Catholic Diocese in Kimbe and at Adult Donation of es
Slide 20: Economic Update
Economic Update. PNG Population Growth (m) 21.7 18.6 15.3 13.3 PNG will remain the Pacific powerhouse, offering access to a growing economy and a growing pool of customers. 16.8 3.3 9.8 5.7 Macroeconomic growth remains relatively stable in the medium-term 3.4% growth is forecast over medium-term. Th
Slide 21: Economic Update
Economic Update. FX convertibility The Bank of PNG’s ‘crawling-peg’ regime to restore FX convertibility has improved waiting times for importers, with import ‘order books’ now cleared daily. The aim of currency equilibrium is in sight, with capital repatriation for large investors now Resource Proje
Slide 22: Outlook and summary
Outlook and summary. We anticipate another year of earnings growth in 2026. Key drivers are expected to include: • Revenue uplift across our diversified portfolio, aided by a strengthening economy, and our continued efforts to grow market share in a targeted and risk aligned manner; • Ongoing progre
Slide 23: Appendices
Appendices. 23
Slide 24: Board of Directors
Board of Directors. Richard Kimber Ian Clough Ivan Vidovich Andrew Carriline Non-Executive Director Non-Executive & Chairman of Chief Executive Officer Non-Executive Director Member of the Remuneration and the Board & Managing Director Chair of the Audit Committee, Chair of the Disclosure Nomination
Slide 25: Executive Management
Executive Management. Johnson Kalo Rayna Heckenberg Rina Antonio-Jang Paul Sayer Aman Shandil Chief Financial Officer & Chief Risk Officer Chief Operating Officer Executive General Manager Chief Information officer Company Secretary Wealth Management Rayeleene Elston Ann Steele Nathaniel Wingti Shir
Slide 26: Corporate Tax
Corporate Tax. • In December of 2024, the PNG Government announced a decrease in Corporate Income Tax on Commercial Bank profits under PGK300m from 45% in FY24 to 40% for FY25 and 35% for FY26 onwards. • KSL expects its blended tax rate, reflecting banking and non-banking income, to be 33%, down fro
Slide 27: Deposit Tenure
Deposit Tenure. FY 2025 FY 2024 24 months 12 months 0% 12% 24 months 12 months 2% 6 months 9% 6% 6 months 5% 3 months 3 months 2% 2% 2 months 2 months 4% 6% 1 month 1 month 8% 8% On Call 68% On Call 68% 27
Slide 28: Loan Portfolio by Industry
Loan Portfolio by Industry. 110 Other* 81 76 110 Transport & Storage 76 68 131 Hotel & Restaurants Dec25 FY 96 75 Dec24 FY 100 Post & Telecommunication 97 Dec23 FY 97 300 Building and Construction 251 184 405 Other Business 320 286 486 Real Estate/Renting/Business Services 426 360 760 Personal Banki
Slide 29: Deposits by Product
Deposits by Product. FY2023 FY2024 FY2025 2,097 2,009 1,864 1,471 1,476 1,430 PGK'm 621 564 497 512 350 382 Fixed Term Cash Management Accounts Current Account Savings Account 29
Slide 30: Thank you
Thank you. 30