Kina Securities Ltd 2026 HY Financial Results
Key points
- 4% year-on-year NPAT growth despite macroeconomic headwinds
- Issued PNG's first listed corporate bond, enhancing capital position
- Interim dividend increased by 13% year-on-year in PGK
Full summary
Kina Securities Ltd (KSL) reported a 4% year-on-year growth in Normalized Profit After Tax (NPAT) for the first half of 2026, reaching K59.7 million. Despite macroeconomic headwinds, including a weaker currency and increased competition, KSL managed to strengthen its balance sheet with the issuance of PNG's first listed corporate bond worth PGK235 million. The company also launched digital initiatives such as the Pei Beta digital wallet and a new Corporate Online Banking platform. The interim dividend was increased by 13% in PGK terms, while remaining stable in AUD terms at 4.5 cents. The company anticipates improved earnings in the second half of 2026, driven by foreign exchange activity and loan growth.
Guidance
NPAT growth of 4% year-on-year, interim dividend increased by 13% in PGK
Outlook
The company expects earnings to increase in the second half of 2026, supported by improved foreign exchange activity and loan growth.
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