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Kina Securities (KSL) investor relations material
Kina Securities H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net profit after tax rose 37% year-over-year to AUD/PGK 57.7 million, driven by 10% revenue growth, a lower income tax rate, and strong business momentum.
Achieved record half-year revenue, NPAT, and dividends, with robust lending book quality and market leadership in PNG's banking sector.
Non-interest income grew 19%, now 55% of total revenue, supported by strong FX and digital channel performance.
Interim dividend declared at AUD 0.0405–0.045 per share, up 13%, with a payout ratio of 63%.
Focused on organic growth, digital transformation, and community impact initiatives.
Financial highlights
Net interest margin increased 30 basis points to 5.9%, reflecting active funding mix management.
FX income rose 37% year-over-year, digital channel revenues up 15%, and funds management revenue up 24%.
Earnings per share increased 36% to 20 per share.
Cost-to-income ratio improved to 59.2% from 64.8%, with operating costs rising 0.8–1% year-over-year.
Loan book expanded 16% year-over-year, with business lending up 22%.
Outlook and guidance
Strategic plan for 2026–2030 targets organic growth, wealth management expansion, inorganic initiatives, and capital optimization.
Pre-tax earnings growth expected to continue, though FX revenue growth may moderate due to evolving central bank intervention.
Major LNG projects and resource sector investments anticipated to boost economic activity and business sentiment in the medium to long term.
Strategy centers on growth, resilience, service excellence, and sustainable communities.
Capital base remains strong, supporting continued growth.
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