Kina Securities Limited
KSL.ASXFinancials
Diversified financial services provider in Papua New Guinea
Market Data
$1.330
-0.0%$397.3M
10.9x
$0.122
7.03%
+0.0%
Latest Earnings
Variation to Appendix 4E
31 March 2026
Kina Securities Limited has issued a variation to its FY25 audited financial statements following auditor discussions regarding capitalization treatment of AML/CTF and ERP projects. The adjustments resulted in a PGK6.1 million reduction in NPAT due to reclassification of capitalized intangible assets to operating expenses and fair value asset write-downs, though adjusted NPAT remains within previously stated range and underlying business performance is unchanged. Key points: Adjusted NPAT remains within range previously stated in FY25 result announcement of 27 February 2026; Underlying business performance unchanged despite accounting adjustments; No cash impact from the adjustments
Recent Announcements
Variation to Appendix 4E
Kina Securities Limited has issued a variation to its FY25 audited financial statements following auditor discussions regarding capitalization treatment of AML/CTF and ERP projects. The adjustments resulted in a PGK6.1 million reduction in NPAT due to reclassification of capitalized intangible assets to operating expenses and fair value asset write-downs, though adjusted NPAT remains within previously stated range and underlying business performance is unchanged. Key points: Adjusted NPAT remains within range previously stated in FY25 result announcement of 27 February 2026; Underlying business performance unchanged despite accounting adjustments; No cash impact from the adjustments
FY25 Appendix 4E Preliminary Final Report
Kina Securities Limited (ASX: KSL) delivered a strong FY2025, reporting statutory NPAT of PGK 120.7m, up 20% on the prior corresponding period, with underlying NPAT rising 15% to PGK 126.2m. Revenue grew 13% to PGK 545.5m, driven by a 20% increase in net interest income and 17% growth in FX income, while the cost-to-income ratio improved sharply from 59.1% to 54.7%. The board declared a full-year dividend of AUD 11.0 cents per share (up 10%), and management guided to further earnings growth in 2026 supported by PNG economic expansion and a reduction in the corporate tax rate from 40% to 35%. Key points: Statutory NPAT grew 20% to PGK 120.7m; underlying NPAT grew 15% to PGK 126.2m, reflecting strong core banking momentum.; Net interest income rose 20% to PGK 267.7m, supported by a 22% increase in loan interest income and a material expansion in net interest margin from 5.8% to 6.8%.; Total revenue increased 13% to PGK 545.5m, with FX income up 17% to PGK 100.3m and fees & commissions up 9%.
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