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= 0 BSP ASX / PNGX Market Announcement ARBN : 649 704 656 | ASX : BFL | PNGX : BSP 21 August 2026 FIRST HALF 2026 FINANCIAL RESULTS for the period ended 30 June 2026 Strong performance underpinned by diversified earnings while continuing to invest for growth NET PROFIT AFTER TAX K620m INTERIM DIVIDEND REVENUE K0.54 / share K1.89b ↑ 8.4 % on pcp ↑ 8.0 % on pcp ↑ 17.7 % on pcp COST TO INCOME 43.8 % ↑ 130bps on pcp RESULTS OVERVIEW BSP has delivered a strong start to the 2026 financial year , with Statutory Net Profit after Tax of K619.9m ( A $ 203.9m ) , up 8.4 % . Revenue of K1.89b ( A $ 620.2m ) was up 17.7 % underpinned by our diversified business portfolio with strong contributions from lending , payment services and customer- driven foreign exchange earnings . Currency fluctuations meant a weaker performance in Australian Dollar terms . We are continuing to manage costs through the investment phase of our multi - year Modernising for Growth program . The CTI ratio of 43.8 % remains within our 42-45 % target range , while we make disciplined investments to support growth and business resilience . Credit quality remains sound , with delinquency rates slightly improving and the provisions to loans ratio stable in a broadly supportive economic environment . Our capital position remains strong with a capital adequacy ratio of 25.3 % giving us the capacity to continue supporting lending growth and the flexibility to manage through economic uncertainties . Recent developments include announcing that BSP will be the exclusive banking partner of the 2026 Rugby League World Cup , providing a platform to continue deepening engagement with our customers and highlighting our commitment to the South Pacific community . We have also announced plans to develop a new purpose - built headquarters in Port Moresby , supporting our continued growth and creating a landmark commercial development for Papua New Guinea's capital . OUTLOOK We are currently experiencing a period of steady economic growth in PNG and the South Pacific , However , there are short term risks to the growth outlook , particularly due to El Niño , which is already impacting agricultural output and production at some major resources projects in PNG . We remain optimistic about the medium term , with a super cycle of major resources projects on the horizon . We have a clear strategy and , together with our Modernising for Growth program , we are well placed to continue building on our position as the South Pacific's international bank , further improving the customer experience and delivering growth and performance for our shareholders . Mark T. Robinson , Group Chief Executive Officer THE SOUTH PACIFIC'S INTERNATIONAL BANK Championing Prosperity for the South Pacific BSP Financial Group Limited Section 34 , Allotment 6 & 7 Klinki Street , Waigani Drive , PO Box 78 Port Moresby , Papua New Guinea ( +675 ) 320 1212 | 7030 1212 servicebsp@bsp.com.pg bsp.com.pg