• Statutory NPAT of PGK 120.7m, up 20% vs PCP
• Underlying NPAT of PGK 126.2m, up 15% vs PCP
• Final dividend of AUD 6.5 cents per share, up 8% vs PCP

Kina Securities Limited (KSL) has reported an unaudited statutory Net Profit After Tax (NPAT) of PGK 120.7m for the full year to 31 December 2025, up 20% from PGK 100.3m in the previous corresponding period. Underlying profit, which excludes the impact of a decline in deferred tax assets, was PGK 126.2m, up 15% from the prior year. The company's revenue grew by 13% to PGK 545.5m, driven by expansion in the commercial loan book, strong foreign exchange income, and growth in digital channels. Net interest income increased by 20% to PGK 267.7m, while foreign exchange income rose 17% to PGK 100.3m. The cost-to-income ratio improved to 54.7%, down from 59.1% in the previous year. The Board of Directors has declared an unfranked final dividend for 2H25 of AUD 6.5 cents per share, up from AUD 6.0 cents per share in the prior period. The company expects further earnings growth in 2026, underpinned by expected growth in the PNG economy and Kina Bank's financial capacity and management capability to execute its strategic plan. However, the company also faces headwinds from lower interest rates on government investments, a larger but more competitive FX market, and further depreciation of the PGK against the AUD.

The company expects further earnings growth in 2026, underpinned by expected growth in the PNG economy and Kina Bank's financial capacity and management capability to execute its strategic plan. However, the company also faces headwinds from lower interest rates on government investments, a larger but more competitive FX market, and further depreciation of the PGK against the AUD.