I would now like to hand the conference over to Mr. Ivan Vidovich, the Managing Director and Chief Executive Officer. Please go ahead. Good morning, everyone. Welcome to the presentation of Kina Securities Limited full year results for 2025. My name is Ivan Vidovich, CEO and Managing Director. Thank you for joining us today as we share our strong financial performance and the key drivers of our growth over the past year. I'm joined today by our Chief Financial Officer, Johnson Kalo. He'll be joining me in presenting today and will be available for questions at the conclusion of the presentation. As many of you will know, Johnson has been with Kina since 2019. Before we begin, please note the disclaimer in our presentation pack, which outlines that this document contains forward-looking statements and is not financial product advice. For those following the pack, we'll start on slide 4. I'm pleased to report our 2025 results, which reflect a strong performance across the organization. Underlying NPAT grew 15% to PGK 126 million. Statutory NPAT was up 20% to PGK 121 million, also assisted by a decline in the tax rate for our banking operations. Pleasingly, our results were underpinned by broad-based revenue growth of 13% across our diversified portfolio, with double-digit growth across major revenue lines, including lending, foreign exchange, and digital channels. At the same time, we've maintained disciplined cost management, keeping our operating cost growth to 4%, totaling PGK 298 million. The year-on-year comparison, however, is aided by a one-off cost that was reported in the prior year, 2024. Return on equity increased 200 basis points to 17.4%. Full-year dividend in PGK were up 22% year-on-year, translating to 10% year-on-year lift in AUD. In terms of our market share, our lending market share grew further in 2025. Strong growth in the second half of the year saw year-end gross loans up 17.8% year on year, versus system lending growth of 8.4%. This growth was largely driven by our commercial lending portfolio. Customer deposits also rose to plan, growing from PGK 4.3 billion to PGK 4.6 billion. The spike in system deposits, shown on slide 5, and corresponding drop in Kina's market share, despite our growth to plan, is largely due to movements in government-related banking activity, which is unrelated to KSL. Turning to shareholder returns, our strong balance sheet and earnings growth enabled us to deliver dividend growth in 2025. We are pleased to announce a final dividend of 19.3 toea, or AUD 0.065 per share, bringing our full-year dividend to 31.9 toea, or AUD 0.11, representing a 22% increase in our PGK dividend and 10% increase in AUD dividends. This reflects a payout ratio of 77%, sitting at the higher end of our dividend policy, which acknowledges the decline in the PGK to AUD exchange rate alongside our strong underlying growth. Our earnings per share increased by 20% to 41.8 toea. Turning to slide 8, our underlying NPAT of PGK 126 million benefited not only from more broad-based revenue growth at moderate cost increases, but also from a scheduled 5% decline in the statutory corporate tax rate for our banking operations. For 2025, the standard rate for banks with profits under PGK 300 million dropped from 45% to 40%, and it will reduce further to 35% in the current year, 2026. It is worth noting that this tax rate reduction required us to revalue our deferred tax assets, resulting in a one-off non-cash increase in tax expense of PGK 5.5 million, which is reflected in our statutory NPAT. In terms of revenue, all major revenue lines grew by double digits in 2025, including treasury and government investments, lending, foreign exchange, and digital. Our net interest income for 2025 was up 20% year-on-year to PGK 268 million, now representing 49% of our total revenues. Lending income was fueled by strong loan book growth of 13%, reaching PGK 3.3 billion. This growth was broad-based across our segments, with business loans up 17%, asset financing 16% up, investment property loans up 11%, and home lending up 4%. Our business lending expansion is a direct result of our customer-centric model, strong client engagement, and increased share of wallet, which reinforces Kina's position as the trusted partner for business in PNG. The interest spread on these loans increased slightly to 7.2% versus 7.1% in both FY 2024 and FY 2023. This in part reflects an IFRS 9 aligned re-estimation of interest income, resulting in a non-material uplift, offset by a planned increase in our cost of funds as we move to strengthen the bank's funding base. Net interest income was also supported by a 44% increase in income from treasury bills and government Inscribed Stock, buoyed by a strong interest rate throughout the year. In terms of non-interest revenue, this grew by 6% to PGK 278 million. A major contributor here was foreign exchange revenue, up 17% to PGK 100 million. This FX performance reflects higher commodity prices, strong export volumes, and a maturing interbank FX market. We expect the market to continue to evolve in 2026 as the Bank of PNG's FX intervention activity reduces in favor of interbank trades, given the expectations of some surplus positions, the result being a larger market but potentially tighter margins. Digital and partnerships income saw solid growth, up 13% year-on-year. We achieved strong transactional increases across our key channels. Internet banking fees rose by 31%. Merchant acquiring fees, which includes e-commerce, grew by 18%. Mobile banking fees increased by 17%. Visa fee income grew more modestly at 6%, but we have partnership initiatives underway with Visa aimed at restoring higher growth. Finally, our wealth business revenue grew by 2% to PGK 47.8 million, driven by increased fees in non-superannuation funds under management. Strong underlying growth in non-interest income was partly offset by reductions in non-operating income and valuation reductions from financial assets. I'll now pass over to Johnson to provide an overview of our operating cost, performance, asset quality, and capital adequacy. Thank you very much, Ivan. I'll take listeners and viewers through slides 13 to 15. On slide 13, operational efficiency and capability investments. Early progress was made to increase operational efficiency during 2025 and remains a focus. Operating costs increased by just 4%, PGK 298 million, versus 13% revenue growth. Because we grew revenue significantly faster than expenses, our cost-to-income ratio improved from 59.1% last year, down to 54.7% this year. As noted earlier by Ivan, the year-on-year comparison is partly aided by the delivery of a one-off cost in 2024. Pleasingly, we've contained cost inflation despite domestic inflation repressions and the depreciation of the kina against the USD and AUD, which increased the local currency cost of our technology and consulting services, as well as some salaries. At the same time, we made disciplined strategic investments into the core capabilities that will support organizational resilience and long-term growth. Key areas of investment include uplifting senior leadership capability and specialist capabilities in areas including strategy, risk, technology, digital innovation, and data. Investments into technology and networks resilience, investments into uplifting AML and CTF capabilities, and specialist consulting in areas including risk, prudence, and strategy. Some of these investments will continue into 2026 on a targeted basis. Sensible and appropriate cost controls aligned to our growth strategy will continue to be deployed alongside the delivery of customer-focused operational efficiencies and digitalization. Moving to slide 14. Turning to asset quality, the provisions have increased by PGK 39 million over the year. PGK 19.3 million of this increase is attributable to organic growth in the loan book. As part of our IFRS 9 maturity review, we recognized a one-off PGK 19.7 million increase in loan provisions to address a number of aged non-performing loans. This review also resulted in a reclassification of interest in income, as required under IFRS 9, including a one-off non-material realization of income from prior periods into the current period. Despite this one-off provision, the underlying quality of our assets continued to improve alongside strong quality new lending, which was written in 2025. Our non-performing loan ratio decreased by 40 basis points to 7.7%, reflecting active management that reduced both early- and late-stage arrears. Our gross loans and advances coverage sits at a healthy improvement of 2.6%, providing a strong buffer against potential further losses. With regards to capital adequacy, our balance sheet remains very robust. Total assets grew 6% to PGK 5.6 billion. Our capital adequacy ratio ended the year at 17.1%, which is well above the BPNG's well-capitalized minimum threshold. A notable milestone will be reached in 2026, when Kina, subject to the relevant approvals, plans to issue the first PNGX-listed corporate bond under the country's new capital markets legislation. The expectation is to issue a corporate bond of up to PGK 250 million, which will increase our Tier 2 capital base, strengthen the balance sheet, provide capacity for future growth, and lower our cost of capital. I'll now pass it back to Ivan to share further information about our 2030 strategy and 2026 outlook. Ivan? Thank you, Johnson. On to slide 17. As we conclude our 2025 strategic cycle, we're set for a seamless transition into our new 2030 strategy. Since the acquisition of ANZ's retail, SME, and commercial business in 2019, Kina has firmly established itself as PNG's challenger bank, having deployed a diversified portfolio of products, services, and partnerships to meet the evolving customer needs and to compete effectively with established incumbents, the market dominant player, and emerging new entrants. Our 2030 strategy is centered on our purpose of creating brighter futures and acknowledges our deep connection with the people of Papua New Guinea over a 40-year period, and our broader role in nation building as PNG's second-largest commercial bank and foremost diversified financial services company. Our strategic priorities include putting the customer first, empowering our team, driving operational excellence, and pursuing growth through innovation. As we continue to grow through our diversified portfolio, we are sharpening our focus on the customer segments where we are best placed to serve. This approach will underpin the delivery of value for all of our stakeholders. Our revised company values and the accompanying culture development program, both are critical to delivering our strategy, are now shaping the development of our change-ready workforce, equipped for risk-aligned growth, which is consistent with the evolving market context in which we operate. For the immediate 2026 and 2027 horizon, our focus will be on driving organic growth in our target segments, optimizing our capital planning, executing our culture development program, and continuously improving customer experience and process efficiency. Furthermore, while our core PNG business will continue to generate the majority of our earnings, we have refocused our inorganic growth criteria for opportunities that can enhance income diversification, deliver scale, enable access to capabilities, and that deliver improved shareholder returns. On to slide 19. We remain deeply committed to enhancing prosperity and making a positive impact in the communities where we operate. In 2025, through our Strong in Community grants program, Kina Bank team members participated in 10 diverse projects across provincial PNG. This included providing school desks to local primary schools, installing solar lights in Kimbe and Morobe, and donating medical equipment to clinics in Hohola and Konedobu. We also partnered with the LiteHaus International to fund computer labs in 10 PNG schools and worked with the Kokoda Track Foundation to provide mentoring and leadership training to 12 young university graduates. These initiatives reflect our belief that financial progress must go hand in hand with social responsibility. Moving on to slides 20 and 21. Looking at the broader economic landscape, Papua New Guinea remains the Pacific powerhouse. Macroeconomic growth is forecast at a stable 3.4% over the medium term. The resource sector is currently benefiting from strong global gold prices, and the ramping up of output at Porgera and Ok Tedi will drive further FX inflows. We also see upside on the horizon with the TotalEnergies-led Papua LNG project, scheduled to begin in 2026, which, along with other major resources project, is expected to inject up to $27 billion into the economy over the medium to longer term. In terms of inflation, we are monitoring imported inflation pressures stemming from US dollar volatility and the strengthening Australian dollar, though domestic consumer demand remains strong. The Bank of PNG's crawling peg regime is successfully working to restore FX convertibility. We are seeing improved FX waiting times for importers. I also want to touch on the recent news that Papua New Guinea was added to the Financial Action Task Force, or FATF, grey list on February 13, 2026. This places the country under increased monitoring regarding its AML and CTF frameworks. Kina Bank has been preparing for this outcome for some time, noting we also communicated with markets about this at the 1H 2025 results. We continue to work closely with regulators, government agencies, correspondent banks, and the local banking sector as part of a national program to address these findings. Importantly, we do not expect this grey listing to have any material financial impact on our operating performance, nor to impose any substantive constraints on the execution of our strategy. On to slide 22. As we look forward to 2026, we anticipate another year of earnings growth. This will be driven by revenue uplift across our diversified portfolio, a strengthening domestic e- economy, and our ongoing efforts to grow market share in a targeted and risk-aligned manner. We'll also benefit from the corporate tax rate for our banking operations, decreasing to 35% from 45% in 2025. We also remain prepared for some expected headwinds. We expect lower yields on government securities and a more competitive foreign exchange market, which may place some pressures on margins alongside further depreciation of PGK against the AUD. However, our well-capitalized balance sheet, disciplined cost management, and targeted investment into key capabilities means we enter the new financial year fully prepared to support our customers and to capture the market growth opportunity. In closing, I would like to express my sincere gratitude to our dedicated Kina Bank team members, our executive leadership, and to our board of directors, whose hard work and commitment deliver our success as a growing organization. To our customers and shareholders, thank you for your ongoing trust in Kina Securities Limited. We're very excited about the future and look forward to delivering on our 2030 strategy. Thank you very much for your time today. As I now pass back to the moderator for questions, I'm also rejoined by our CFO, Johnson Kalo. Thank you. Thank you. If you wish to ask a question, please press star one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star two. If you're on a speakerphone, please pick up the handset to ask your question. Your first question today comes from David Fraser with MST Financial. Please go ahead. Morning, gents. Can you hear me okay? We can, Dave. Yeah, thank you. Thanks, just first quick one. Johnson, well done on the operating costs. They haven't blown out much, which is great. Well done. Quick, sort of a top-down question. If you have a look at the first half, second half, looks like there's been a slowdown in loan issuance and the receipt of customer deposits. Is there anything happening, I guess, in the economy, or is it anything you guys have consciously done, vis-a-vis marketing, et cetera? I just wondered why there's a bit of a step down in loan growth in the second half and customer deposits. No, we've managed our book and definitely hit the loan growth targets that we had, loan drawdown and growth targets we had anticipated or expected. We have managed our net interest income closely because of deposit competition, which you will have seen in the slide pack, where system growth, we've had to manage against that as well. No, I don't think there's a market impact in terms of the macro issues affecting our growth, David. David, from a top-down perspective as well, I would add that historically, when Kina was a smaller organization in the past, there was typically quite a marked difference between first and second half and first half and second half. It's perhaps the case that as a growing organization with more scale in the business, we are starting to perhaps see a more balanced approach to half-on-half. Nevertheless, continuing. Yeah. Next one, again, sort of big picture. The Tier 2 corporate bond, PGK 250 million. It's sort of, where are we on that? We've sort of been waiting for a while now. I guess you've got to get through the regulatory process. On the back of that, once it's done, how much can you, that loan, how much would that grow the loan book, at your typical lending rates? Thanks for the question, David Fraser. In terms of... I might answer the second part of the question first. We're looking at potentially another PGK 1 billion or so, approximately, give or take, break we believe we can achieve or fund through deploying of the Tier 2 bond. In terms of timing, we're very close. As previously mentioned, we had conducted a from-scratch development, first of its type, in the local market. A lot of work to be done, a lot of heavy lifting, around our policies, our processes, our risk assurance, procedures, and we're well advanced in terms of the approval process with the necessary regulators. We felt the opportunity to communicate a little bit more clearly in this year's results. We would be expecting, pending those approvals to be deployed in the first half. Great. Okay. Last one from me, because I'll let others jump on the line. The impact of FX, I mean, obviously on repatriated earnings back to Australia for dividends, et cetera. What if you actually see some growth in the resource projects, do you think you'll see the PNG government sort of back off on the depreciation of the PGK and let the market dictate? I'm just trying to get a feel for when you think actually the Kina will start to, you know, flatten out and/or appreciate against both the US dollar and the Aussie dollar. We're noticing, I suppose, the movements in the market recently with the Aussie Dollar against the US Dollar, and how that flows through to the impact, the Kina rate, against both of those. We're taking, we're planning for our, you know, our next year and the short to medium term on the basis of the rate of downward movement in that Kina value. Along the same historical basis as it has been over the last 2-3 years, which I think is roughly about between a 7%-10% downward track each year. We will have to probably overlay that a little bit with the grey listing impacts. On the other side of that or balancing that is, you know, the prospect of the projects coming online, within the next 12 to 24 months. You know, I know there's probably a lot of noise and a huge range of opinions on the low, the minimum, and the max, but, I think, you know, holding a steady course is the prudent thing at this time. I wouldn't. I can't guess what the government would do at this point. No. Yeah. Thanks, Johnson. Thanks, Ivan. Once again, if you wish to ask a question, please press star one on your telephone and wait for your name to be announced. We will now pause for a short moment to allow any final questions to register.