Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Robert Nilkare was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
Kina Securities Limited, Annual General Meeting, May 27, 2026 Kina Securities Limited, Annual General Meeting, May 27, 2026. Location: at the hilton port moresby, hotel & residences, port moresby Papua New Guinea Announcement • Feb 27
Kina Securities Limited Announces Ordinary Unfranked Final Dividend for the Six Months Ended December 31, 2025, Payable on April 15, 2026 Kina Securities Limited announced ordinary unfranked final dividend of 6.5 AUD cents/19.3 PGK toea for the six months ended December 31, 2025, brings the full year dividend to 11.0 AUD cents/31.9 PGK toea, representing a 22% increase in PGK dividend. This reflects a payout ratio of 77%, at the higher end of KSL's dividend policy, reflecting the material decline in the PGK /AUD rate. Payment Date is April 15, 2026. Record Date is March 5, 2026. Ex Date is March 4, 2026. Announcement • Feb 13
Kina Securities Limited to Report Fiscal Year 2025 Results on Feb 27, 2026 Kina Securities Limited announced that they will report fiscal year 2025 results on Feb 27, 2026 Board Change • Dec 24
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Robert Nilkare was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 04
Kina Securities Limited (ASX:KSL) entered into agreement to acquire an unknown minority stake in NiuPay Pacific Pty Ltd for $1 million. Kina Securities Limited (ASX:KSL) entered into agreement to acquire an unknown minority stake in NiuPay Pacific Pty Ltd for $1 million on November 3, 2025. In related transaction, Kina Securities entered into agreement for the subscription of new shares. After completion of these transactions, Kina Securities Limited will hold 17% stake in NiuPay Pacific.
The expected completion of the transaction is November 17, 2025. Declared Dividend • Aug 29
First half dividend of AU$0.045 announced Shareholders will receive a dividend of AU$0.045. Ex-date: 1st September 2025 Payment date: 2nd October 2025 Dividend yield will be 7.6%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (70% payout ratio) and is expected to be covered in 3 years' time (70% forecast payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 28
First half 2025 earnings released: EPS: K0.20 (vs K0.15 in 1H 2024) First half 2025 results: EPS: K0.20 (up from K0.15 in 1H 2024). Revenue: K242.2m (up 10% from 1H 2024). Net income: K57.7m (up 37% from 1H 2024). Profit margin: 24% (up from 19% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Banks industry in Australia. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 22
Kina Securities Limited Announces Board and Committee Changes Kina Securities Limited announced changes to its Board with the: Appointment of Lutz Heim and Robert Nilkare, OBE OL, as independent Non-Executive Directors of the Company, effective 22 August 2025; Resignation of Ms. Karen Smith-Pomeroy from the Board of the Company, effective 31 August 2025; and Appointment of Mr. Andrew Carriline as Chair of the Board Audit Committee, effective 1 September 2025. Ms. Smith-Pomeroy joined the Board in September 2016 as an independent Non-Executive Director and resigns after serving her maximum allowable nine-year period on the Board. During her term, Ms. Smith-Pomeroy also served as Chair of the Audit Committee, and member of the Risk Committee and Disclosure Committee. The Board has appointed Mr. Andrew Carriline as Chair of the Audit Committee effective 1 September 2025, to succeed Ms. Smith-Pomeroy. Mr. Carriline has been a director of Kina since August 2018 and is currently the Chair of the Disclosure Committee, and a member of the Audit Committee, Risk Committee and Remuneration & Nomination Committee. Mr. Robert Nilkare, OBE OL, is the PNG Country Manager and Group Advisor for Government and
Corporate Stakeholder Interface for New Britain Palm Oil Limited, a major agribusiness institution in Papua New Guinea and one of PNG's largest private sector employers. Prior executive roles include President of Business Council of PNG, Executive Advisor and Project Manager for Kumul Consolidated Holdings, and Acting Chief Executive Officer and Board Director for PNG Ports Corporation Limited. Mr. Nilkare holds a Bachelor of Commerce from Bond University and is also a Graduate of General Manager Programs at the Australian Graduate School of Management, University of New South Wales. Mr. Nilkare formerly served as a Director on the Board of Mainland Holdings Limited. He is currently a Director of Brian Bell & Co. Limited and the Chairman of the PNG Palm Oil Producers Association. Mr. Lutz Heim is a seasoned professional with deep roots in Papua New Guinea's financial and governance sectors, with prior roles as Chief Operating Officer for Kumul Consolidated Holdings and as a Tax and Corporate Finance Partner at Deloitte PNG. He holds a Bachelor of Economics and Postgraduate Diploma in Accounting from Flinders University, South Australia. Mr. Heim currently serves on the Board of St John Ambulance PNG and Kumul Hotels Limited. Prior to joining the Kina Board, Mr. Heim served as a director on the Boards of Nambawan Super Limited and First Investment Finance Limited. Announcement • Aug 15
Kina Securities Limited to Report First Half, 2025 Results on Aug 27, 2025 Kina Securities Limited announced that they will report first half, 2025 results on Aug 27, 2025 Announcement • Apr 30
Kina Securities Limited, Annual General Meeting, Jun 10, 2025 Kina Securities Limited, Annual General Meeting, Jun 10, 2025. Announcement • Feb 25
Kina Securities Limited to Report Fiscal Year 2024 Results on Feb 28, 2025 Kina Securities Limited announced that they will report fiscal year 2024 results on Feb 28, 2025 Reported Earnings • Sep 01
First half 2024 earnings released: EPS: K0.15 (vs K0.16 in 1H 2023) First half 2024 results: EPS: K0.15 (down from K0.16 in 1H 2023). Revenue: K219.8m (up 20% from 1H 2023). Net income: K42.2m (down 8.9% from 1H 2023). Profit margin: 19% (down from 25% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in Australia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 31
First half dividend of AU$0.04 announced Shareholders will receive a dividend of AU$0.04. Ex-date: 5th September 2024 Payment date: 4th October 2024 Dividend yield will be 9.7%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by earnings (73% payout ratio) and is expected to be covered in 3 years' time (69% forecast payout ratio). The dividend has increased by an average of 15% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Kina Securities Limited Announces Dividend for the Six Months Ended June 30, 2024, Payable on October 4, 2024 Kina Securities Limited announced a dividend of AUD 0.04000000 per share for the six months ended June 30, 2024. The record date is on September 9, 2024. The ex date is on September 5, 2024. The payment date is on October 4, 2024. Announcement • Aug 27
Kina Securities Limited to Report First Half, 2024 Results on Aug 30, 2024 Kina Securities Limited announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 24
Kina Securities Limited, Annual General Meeting, May 29, 2024 Kina Securities Limited, Annual General Meeting, May 29, 2024, at 10:01 E. Australia Standard Time. Reported Earnings • Mar 01
Full year 2023 earnings released Full year 2023 results: Revenue: K394.3m (up 9.0% from FY 2022). Net income: K105.2m (down 9.7% from FY 2022). Profit margin: 27% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Banks industry in Australia. Announcement • Feb 20
Kina Securities Limited to Report Fiscal Year 2023 Results on Feb 28, 2024 Kina Securities Limited announced that they will report fiscal year 2023 results on Feb 28, 2024 Reported Earnings • Sep 03
First half 2023 earnings released: EPS: K0.16 (vs K0.16 in 1H 2022) First half 2023 results: EPS: K0.16 (up from K0.16 in 1H 2022). Revenue: K183.1m (up 3.4% from 1H 2022). Net income: K46.4m (up 1.7% from 1H 2022). Profit margin: 25% (in line with 1H 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Australia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Kina Securities Limited Appoints Richard Kimber as an Independent, Non-Executive Director, Effective 1 September 2023 Kina Securities Limited announced the appointment of Mr. Richard Kimber as an independent, non-executive Director of the Company, effective 1 September 2023. Richard is a seasoned international financial services and technology executive and director with over 30 years of experience, having worked in HK, USA and the UK. He is currently a Director ING Bank Australia, (where he is Chairman of the Technology & Transformation Committee), Chairman of Stone & Chalk, Chairman of AustCyber and a Non-Executive Director of Daisee, he founded in 2017. Prior executive roles include being CEO of OFX Group; Managing Director of Google in Southeast Asia (which included Australia and NZ); CEO of FirstDirect Bank plc in the UK; and several international roles with the HSBC Group. Announcement • Aug 29
Kina Securities Limited to Report First Half, 2023 Results on Aug 30, 2023 Kina Securities Limited announced that they will report first half, 2023 results on Aug 30, 2023 Announcement • May 09
Kina Securities Limited Announces Resignation of Ila Temu as Director Kina Securities Limited announced the resignation effective immediately of Director, Dr. Ila Temu, from the Board of the Company. Dr. Temu joined the Board in December 2020 as an independent director and resigns due to his increased professional commitments and workload. Board Change • Apr 08
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Ila Temu was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 27
Full year 2022 earnings released Full year 2022 results: Revenue: K361.7m (up 10% from FY 2021). Net income: K116.5m (up 65% from FY 2021). Profit margin: 32% (up from 22% in FY 2021). The increase in margin was primarily driven by higher revenue. Reported Earnings • Aug 30
First half 2022 earnings released: EPS: K0 (vs K0.14 in 1H 2021) First half 2022 results: EPS: K0. Revenue: K177.1m (up 17% from 1H 2021). Net income: K45.6m (up 15% from 1H 2021). Profit margin: 26% (in line with 1H 2021). Over the next year, revenue is forecast to grow 14%, compared to a 3.2% growth forecast for the Banks industry in Australia. Recent Insider Transactions • Jul 29
CEO & MD recently bought AU$164k worth of stock On the 20th of July, Gregory Pawson bought around 269k shares on-market at roughly AU$0.61 per share. This was the largest purchase by an insider in the last 3 months. This was Gregory's only on-market trade for the last 12 months. Reported Earnings • Apr 03
Full year 2021 earnings released: EPS: K0.25 (vs K0.37 in FY 2020) Full year 2021 results: EPS: K0.25 (down from K0.37 in FY 2020). Revenue: K327.8m (up 12% from FY 2020). Net income: K70.8m (down 6.8% from FY 2020). Profit margin: 22% (down from 26% in FY 2020). Non-performing loans: 4.35% (up from 2.95% in FY 2020). Over the next year, revenue is forecast to grow 19% while the banks industry in Australia is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: K327.8m (up 12% from FY 2020). Net income: K70.8m (down 6.8% from FY 2020). Profit margin: 22% (down from 26% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 19% while thebanks industry in Australia is not expected to grow. Reported Earnings • Aug 30
First half 2021 earnings released: EPS K0.14 (vs K0.17 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: K151.4m (up 9.1% from 1H 2020). Net income: K39.8m (up 36% from 1H 2020). Profit margin: 26% (up from 21% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS K0.33 (vs K0.36 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: K292.8m (up 46% from FY 2019). Net income: K76.0m (up 25% from FY 2019). Profit margin: 26% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Non-performing loans: 8.41% (up from 3.52% in FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2020 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: K292.8m (up 46% from FY 2019). Net income: K76.0m (up 25% from FY 2019). Profit margin: 26% (down from 30% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Feb 26
New 90-day high: AU$1.11 The company is up 32% from its price of AU$0.84 on 27 November 2020. The Australian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 10.0% over the same period. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 18%. Over the next year, revenue is forecast to grow 32%, compared to a 18% growth forecast for the Banks industry in Australia. Is New 90 Day High Low • Jan 12
New 90-day high: AU$0.97 The company is up 23% from its price of AU$0.79 on 15 October 2020. The Australian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: AU$0.95 The company is up 2.0% from its price of AU$0.93 on 09 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 26% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: AU$0.73 The company is down 28% from its price of AU$1.01 on 31 July 2020. The Australian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. Is New 90 Day High Low • Oct 14
New 90-day low: AU$0.74 The company is down 28% from its price of AU$1.03 on 16 July 2020. The Australian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 1.0% over the same period.