Kina Securities Limited Reports Strong FY24 Performance with Loan Non Lending Growth

Feb 28, 2025

Kina Securities Limited (ASX: KSL) delivered a 7% YoY increase in underlying NPAT to PGK111.9 million, supported by 13% loan book growth and 15% higher net interest income. Non-interest income surged 33% YoY, driven by FX income (+68%), digital revenues (+27%), and fund management fees (+15%). Despite higher operating costs, KSL maintained a capital adequacy ratio of 18.4%, ensuring future growth capacity. The final unfranked dividend stands at AUD 6.0 cents/PGK 15.5 toea per share, bringing the full-year payout to AUD 10.0 cents/PGK 26.1 toea. 

Incoming CEO Ivan Vidovich emphasized strategic cost management and digital transformation to sustain NPAT growth. With PNG’s economic expansion, corporate tax rate reductions, and mega projects in the pipeline, KSL is well-positioned for further growth in lending, digital, and FX revenue streams. The company remains focused on efficiency, risk management, and customer-centric innovation.

 

 

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