Bsp Financial Group Ltd. · ASX:BFL
Bsp Financial — FY2025 Earnings Presentation
28 slides from Bsp Financial's earnings presentation, Feb 20, 2026
Slide 1: FY25 Results Investor Presentation
FY25 Results Investor Presentation BSP Financial Group Limited | PNGX:BSP | ASX:BFL 20 FEBRUARY 2026
Slide 2: Important information
Important information NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, the right to take any action, whether in or out of the ordinary course of as a result of any omission, inadequacy or inaccuracy herein. Only IN OR INTO THE UNITED STATES business, which the Company in its sole discret
Slide 3: Contents
Contents Overview 4 Financial Results 8 Strategy & Outlook 18 Appendices 26 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 Largest bank in the South Pacific, operating in seven countries and investing for sustainable performance and growth. SIGNIFICANT MARKET PRESENCE ACROSS OUR DIVERSE REGIONS TRACK RECORD OF MARKET LEADER PROFITABILITY AND RETURNS • Largest bank in PNG with signi
Slide 6: Result Highlights
Result Highlights Strong performance supported by balance sheet growth, resilient margins and continued investment Revenue Return on Equity K3,407m 23.8% 14.4% from FY24 50 bps from FY24 NPAT Capital Adequacy Ratio 26.4% HIGHLIGHTS K1,172m • 14.4% increase in income reflecting good deposit growth, a
Slide 7: Our strategic focus
Our strategic focus In a fast-changing environment BSP continues to grow and innovate for our communities and shareholders STRATEGIC PILLARS BSP’S FOCUS Revitalise Implement modernisation program to deliver a Revitalise BSP as a modern, customer-centric simpler and more relevant bank across the regi
Slide 8: Financial Results
Financial Results Glen Skarott, Group Chief Financial Officer BSP Financial Group Limited
Slide 9: Strong operating performance in FY25
Strong operating performance in FY25 Continued growth in revenue and earnings PGK [millions] FY24 FY25 CHANGE AUD3 [millions] FY24 FY25 CHANGE Revenue 2,979 3,407 14.4% Revenue 1,172 1,279 9.1% ˗ Net interest income 1,965 2,143 9.1% ˗ Net interest income 773 804 4.0% ˗ FX income 561 722 28.7% ˗ FX i
Slide 10: Total income composition & Operating profit
Total income composition & Operating profit Non-interest income increases as a % of total income | Significant investments made to modernise the business TOTAL INCOME COMPOSITION OPERATING PROFIT PGK [millions] FY24 2% FY25 3% K1,945m 13% 13% +11.3% vs FY24 34% 37% 19% 21% 63% 66% Net interest incom
Slide 11: Operating expenses
Operating expenses Cost to income (CTI) ratio remains within expected bounds during the MFG program PGK [millions] FY24 FY25 CHANGE • Operating expenses increased mainly due to our investment in our Modernising for Growth (MFG) program. Employment expenses 562 657 17% 264 333 26% • CTI increased 160
Slide 12: Credit quality
Credit quality Credit quality has marginally improved with delinquency rates down and provisions to loans ratios stable BAD & DOUBTFUL DEBT EXPENSES DELINQUENCY RATES PROVISIONS TO LOANS 90+ days, as a percentage of total loans 182.0 4.3% -10bps 0.0bps 3.6% 115.0 3.3% 3.3% 2.8% 2.7% PGK millions (18
Slide 13: Balance sheet
Balance sheet Balance sheet remains robust with solid lending growth and strong deposit growth across all segments and regions GROSS LOANS TOTAL ASSETS +7.6% +15.8% 43.0 18.1 37.0 37.1 16.7 16.8 A$6.4b A$15.0b PGK PGK billions billions Dec-23 Dec-24 Dec-25 Dec-23 Dec-24 Dec-25 DEPOSITS DEPOSITS MIX
Slide 14: Loan book composition
Loan book composition Loan portfolio remains resilient, with strong growth in Retail • Business Loans increased slightly driven by the new business bank proposition, with strong Corporate pipeline to support future growth. lending • Retail Mortgages rose by over 17% on the pcp, driven by increased f
Slide 15: Key ratios
Key ratios Our business fundamentals remain strong RETURN ON EQUITY [ANNUALI SED] COST TO INCOME CAPITAL ADEQUACY +160bps +50bps +20bps 23.3% 23.8% 41.3% 42.9% 24.4% 26.2% 26.4% 21.5% 36.5% 12% 2 1 2 Dec-23 Dec-24 Dec-25 Dec-23 Dec-24 Dec-25 Dec-23 Dec-24 Dec-25 1 22.2% excluding one-offs 2 42.5% in
Slide 16: Shareholder distributions
Shareholder distributions Dividend growth 13.3% with consistent delivery of strong shareholder returns FULL YEAR EARNINGS PER SHARE AND DIVIDENDS TOTAL SHAREHOLDER RETURN (TSR 1 ) 413% 2.51 2.02 1.91 1.88 1.66 1.43 227 173% 68 186 32% 105 9 23 Earnings per share (K) Dividend per share (K) 1 Year 5 Y
Slide 17: Strategy & Outlook
Strategy & Outlook Mark T. Robinson, Group Chief Executive Officer
Slide 18: Modernising for Growth
Modernising for Growth Investing to improve the customer experience, drive efficiencies and create sustainable growth AVERAGE MONTHLY TRANSACTIONS YEAR-ON-YEAR TRANSACTION GROWTH 2025 vs 2024 EFTPOS [MI LLI ONS] INTERNET BANKING [MI LLI ONS] 20.5m 6.8m 42.5 52.0 59.0 70.5 81.5 CAGR 32.6% 11.3 17.3 D
Slide 19: Modernising for Growth – Deep Dive
Modernising for Growth – Deep Dive Investments in technology and service delivery to modernise our retail, business and institutional banking services. RETAIL BUSINESS AND CORPORATE • ATM & EFTPOS upgraded with next-generation infrastructure and • Business Bank launched to provide a dedicated servic
Slide 20: Our ESG Program
Our ESG Program “ESG is the intersection of Our ESG program enhances the way we drive prosperity innovation and responsibility.” across the South Pacific, embodying our Values and supporting the delivery of our modernisation strategy. Minimising our impact on Protecting customer and Strengthening ES
Slide 21: Summary & Close
Summary & Close TRACK RECORD OF PROFITABILITY AND • Consistent earnings underpinned by diversified revenue, resilient credit quality, and disciplined cost management. RETURNS • Full year dividend of K1.88, up 13%. • 413% Total Shareholder Return over the past 10 years. STRONG BALANCE • Capital adequ
Slide 22: Questions
Questions BSP Financial Group Limited BSP Classification: External Confidential
Slide 23: Contact Us
Contact Us INVESTOR RELATIONS – PNG & PACIFIC INVESTOR RELATIONS - AUSTRALIA Methuselah Eka Wabiria Sodali & Co Senior Manager, ESG & Investor Relations Alexandra Abeyratne +61 438 380 057 Allyson Porter +61 410 217 178 +675 305 6123 | MEkaWabiria@bsp.com.pg investor.relations@bsp.com.pg bspir@clien
Slide 24: Appendices
Appendices BSP Financial Group Limited BSP Classification: External Confidential
Slide 25: Our History
Inset: CBA Rabaul Branch Our History Leading financial services provider in PNG and the South Pacific. 110-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
Slide 26: Board of Directors
Board of Directors ROBERT G. BRADSHAW, LLB MARK T. ROBINSON FRANK BOURAGA PATRICIA TAUREKA-SERUVATU IAN TARUTIA Chairman, Non-Executive Director Group Chief Executive Officer and CPA, MACID LLB, MACID OBE, FAICD, FPNGID Managing Director Non-Executive Director Non-Executive Director Non-Executive Di
Slide 27: Executive Team
Executive Team MARK T. ROBINSON PETER BESWICK GLEN SKAROTT NUNI KULU BEN WAVELL-SMITH Group Chief Executive Deputy Group Chief Group Chief Financial Group Chief Operating Group Chief Risk Officer Officer and Managing Executive Officer Officer Officer Director DANIEL FAUNT RONESH DAYAL ROHAN GEORGE V
Slide 28: Contact Us
Contact Us INVESTOR RELATIONS MEDIA RELATIONS PNG & PACIFIC Paul Edwards Chief Communications Officer Methuselah Eka Wabiria Senior Manager, ESG & Investor Relations +675 70314020 | PEdwards1@bsp.com.pg media@bsp.com.pg +675 305 6123 | MEkaWabiria@bsp.com.pg investor.relations@bsp.com.pg Sally Pokit