Kina Securities Ltd. · ASX:KSL
Kina Securities — Investor Presentation (August 2026)
27 slides from Kina Securities's investor presentation, Aug 31, 2026
Slide 1: Half Year Results 2026
H A L F Y E A R R E S U LT S 2 0 2 6 31 August 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 & Taiwo Fowowe – Chief Financial Managing Director Officer 3
Slide 4: Economic Outlook
Economic Outlook. PGK/USD — Managed Crawl 0.2350 0.2325 0.2300 Papua LNG — FID in sight 0.2280 Development Forum opened Jul-26. Capex cut US$18bn → US$14bn. FID targeted Q4-26; may extend to ~Apr-27, still ahead of the 2027 elections. Fuel & fiscal support Papua LNG — FID in sight Sep-25 Dec-25 Mar-
Slide 5: HY2026 Results
HY2026 Results. 5
Slide 6: Overview
Overview. NPAT Revenue EPS NIM K59.7m K254.8m 20.3 toea 5.8% 4% 2% 1% 10bps ROE Cost of Credit Risk CAR Interim DPS 16.6% 0.2% 26.0% 14.2 toea [17.1%] 50bps [0.3%] 10bps 870bps [4.5 cents] 13% 6 *compared against June 2025
Slide 7: Market Share
Market Share. Lending Deposit 25.0% • Maintained market share of Total System Lending (Source BPNG) Total System Deposit (Source BPNG) lending at 16.9%, June 26 vs. Kina Loan Book Kina Deposit Book 39,663 Kina Lending Market Share Kina Deposit Market Share June'25 17.5% 20.0% 18,247 18,574 33,391 32
Slide 8: Shareholder Returns
Shareholder Returns. Total Shareholder Return Interim Dividend per Share Earnings per Share +1% +13% 20.0 20.3 14.2 117% 14.7 12.6 43% 10.6 72% 7.1 6.4* 51% 4.5 4.5 * 5.5 75% 4.0 1% 10% 22% 9% 1 Year 3 Years 5 Years Jun24 HY Jun25 HY Jun26 HY Jun24 HY Jun25 HY Jun26 HY Capital Gain Dividend DPS (PGK
Slide 9: Revenue +2%
Revenue +2%. 129.1 115.3 • Key revenue drivers: 106.9 • Loan Interest Income +12%. • Digital income stable YoY. Jun24 HY PGK'm Jun25 HY • Wealth income + 11%, driven by Jun26 HY growth increase in client funds and 50.9 48.3 FuA membership. 43.9 43.5 38.1 37.0 30.1 30.6 27.4 25.6 23.0 19.2 17.7 18.7
Slide 10: Loan Book growth of +2% vs PCP
Loan Book growth of +2% vs PCP. Modest loan book growth over PCP 46 38 112 reflects deliberate balance sheet 99 156 118 optimisation and de-risking initiatives, 107 131 87 including the targeted reduction of 96 selected lending exposures. 90 108 624 628 Excluding these strategic actions the 589 unde
Slide 11: Net Interest Income
Net Interest Income. Net Interest Income (PGK'm) Net Interest Margin (%) Interest Spread (loans) % • Net Interest Margin declined Cost of funds (%) Interest Spread (investment) % 120.0 12.0% nominally by 10bps to 5.8% compared to June 2025. 118.0 • Interest spread on investments at 10.0% 4.4% reflec
Slide 12: Non-Interest Revenue
Non-Interest Revenue. PGK’m Foreign Exchange Income Digital Revenue PGK’m 50.9 48.3 43.9 43.5 37.0 38.1 HY2024 HY2025 HY2026 HY2024 HY2025 HY2026 • FX revenue of PGK48.3m, down 5% from 1H 2025, including a • Digital revenue growth was constrained by interoperability issues one-off PGK2.4m FX loss on
Slide 13: Wealth
Wealth. Funds under Administration Funds under Management 1,060 FuM (PGK'bn) FuA (PGK'bn) Member ('000) 1,040 25.1 1,020 21.9 1,000 19.4 1,017 980 960 975 14.4 940 12.8 10.7 920 938 900 880 860 Jun24 HY Jun25 HY Jun26 HY Jun24 HY Jun25 HY Jun26 HY • Funds under Administration (FuA) increased by 15%
Slide 14: Modest increase in Operating Cost
Modest increase in Operating Cost. • Operating costs increased 7% to PGK159.6m, +7% reflecting a modest rise despite ongoing inflationary pressures and currency depreciation 180.0 of the PGK against the USD and AUD, which 8.1 2.9 - - 159.6 impacts 30% of the cost base. 160.0 148.6 • Cost growth was
Slide 15: Asset Quality
Asset Quality. 8.9% 8.7% • Provision coverage strengthened to 8.1% 2.6% of gross loans at June 2026 7.8% * 7.8% 7.7% (June 2025: 2.1%), reflecting a 7.4% continued prudent approach to 6.7% * 6.5% credit risk management. 5.9% • Gross NPL balances reduced slightly by 0.9% from December 2025; the 0.2%
Slide 16: Capital Adequacy
Capital Adequacy. 30.0% Capital Adequacy: T1 + T2 26.0% BPNG minimum total risk based capital 25.0% • Capital adequacy increased to 26.0% (Dec 2025: 17.4%) following the successful PGK235m Tier 2 Bond issuance. 19.3% 20.0% 17.3% • The strengthened capital position enhances KSL’s capacity to support
Slide 17: Strategy & Outlook
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Slide 18: 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 19: 2030 Strategy Execution
2030 Strategy Execution. • 2030 Strategy execution remains on track. • PGK235m PNGX-listed subordinated bond successfully issued and oversubscribed. • Pei Beta digital wallet launched, expanding financial inclusion and payments capability. • New Corporate Online Banking platform strengthens business
Slide 20: Sustainable Communities
Sustainable Communities. The Strongim Komuniti Grant Program is fully governed and delivered by Kina Bank team members, with the following projects delivered to June 2026: • School desks and chairs for Evadahana Primary School (Port Moresby) and Kailge Primary School (Western Highlands Province). •
Slide 21: Outlook and summary
Outlook and summary. • Positive H2 2026 momentum supporting delivery of the 2030 Strategy. • Resolution of cards interoperability issue expected by year-end, supporting future earnings growth. • Stronger FX activity and loan growth anticipated, underpinned by improving market conditions and pipeline
Slide 22: Appendices
Appendices. 22
Slide 23: Board of Directors
Board of Directors. Richard Kimber Ivan Vidovich Ian Clough Andrew Carriline Non-Executive Director Chief Executive Officer Non-Executive & Chairman of Non-Executive Director Deputy Chairman of the Board and member & Managing Director the Board Chair of the Audit Committee, Chair of the Disclosure o
Slide 24: Deposit Tenure
Deposit Tenure. HY 2026 HY 2025 24 months 24 months 1% 1% 6 months 6 months 5% 12 4% 12 months 3 months months 3 months 9% 7% 2% 3% 2 months 4% 2 months 8% 1 month 1 month 9% 13% On Call 67% On Call 67% 24
Slide 25: Loan Portfolio by Industry
Loan Portfolio by Industry. 108 Other* 102 77 106 Transport & Storage 72 57 124 Hotel & Restaurants 120 87 99 Post & Telecommunication 98 97 152 Building and Construction 283 Jun26 HY 196 Jun25 HY 397 Jun24 HY Other Business 386 341 473 Real Estate/Renting/Business Services 413 363 723 Personal Bank
Slide 26: Deposits by Product
Deposits by Product. 2,018 2,016 1,682 1,488 1,482 1,481 PGK'm 793 616 512 552 431 213 Fixed Term Cash Management Accounts Current Account Savings Account Jun24 HY Jun25 HY Jun26 HY 26
Slide 27: Thank you
27 Thank you 4 oh We SRY See i ina Securities Limited
Kina Securities — Investor Presentation (August 2026) on 6ix