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1 H A L F Y E A R R E S U L T S 2 0 2 6 31 August 2026
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2 Disclaimer You must read this notice before reading or making any use of this document or any information contained in this document. By accepting this document, you agree to the following terms and conditions, including any modifications to them. Disclaimer of liability: All information contained in this Presentation has been compiled by the Kina Group from sources believed by it to be accurate and reliable. The information in this Presentation was prepared as of its date, and remains subject to change without notice. The Recipient acknowledges that to the maximum extent permitted by law: (1) any and all liability in respect of the information contained in this Presentation is expressly excluded, including any liability arising from fault or negligence on the part of any person, for any direct, indirect, consequential or contingent loss or damage suffered by any person arising from the use of the information or otherwise arising in connection with it; (2) no responsibility is accepted by the Kina Group for this Presentation, any of the information, any omission from this document or any action taken by the Recipient or any other person on the basis of the information; and (3) the Kina Group is not liable to compensate or reimburse the Recipient for any liabilities, costs or expenses incurred in reviewing, investigating or analysing this document or taking any other action in relation to the Kina Group or any prospective transaction. Not an invitation, advertisement or offer of securities: This Presentation is not, and should not be considered as, an invitation, advice or recommendation to apply for securities and does not contain any application form for securities. This Presentation does not constitute an advertisement for an offer to sell or the solicitation of an offer to buy securities. This Presentation is not a disclosure document (as defined in the Australian Corporations Act) or a prospectus (as defined in the Papua New Guinea Securities Act). The provision of this Presentation is not a representation to you or any other person that an offer of securities will be made. Any offer of securities or prospective transaction would be undertaken solely on the basis of a prospectus or other disclosure document prepared in accordance with the applicable securities laws and regulations. Not financial product advice: The information contained in this Presentation is not, and should not be considered as, financial product advice, investment advice, legal advice, tax advice or other advice. The information does not take into account any Recipient's individual objectives, taxation position, financial situation or needs. Before acting on the information in this Presentation, Recipients should consider the appropriateness of it having regard to their particular circumstances and, if appropriate, seek professional advice, including tax advice. No representations or warranties: None of the information set out in this Presentation or otherwise provided to a Recipient in connection with this Presentation has been independently verified. Accordingly, the Kina Group makes no representation or warranty, express or implied, as to the accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose of any such information. In respect of all information provided, the Recipient will rely entirely upon its own assessment, independent analysis and advice in relation to the business, assets and financial position and affairs of Kina Securities Limited. Forecasts: This Presentation may contain various plans, costs projections, estimates, forecasts and other forward-looking statements ("Forecasts") which involve subjective judgments. Past performance is not a guarantee of future performance or future returns, and a loss of original capital may occur. Fluctuations in exchange rates could have an adverse effect on the value or price of, or income derived from, certain investments. No representation, warranty or guarantee, whether express or implied, is made or given by the Kina Group as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forecast. Conflicts: The Kina Group, its Directors, officers, employees or agents may own shares in Kina Securities Limited. By accepting this Presentation, you acknowledge and agree that none of the Kina Group, its Directors, officers, employees or agents are responsible to you in a fiduciary capacity nor is your access to the Presentation or the information evidence of any fiduciary relationship between you, another Recipient or the Kina Group, its Directors, officers, employees or agents individually or at all.
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3 Contents. Ivan Vidovich – CEO & Managing Director Taiwo Fowowe – Chief Financial Officer
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4 Economic Outlook. 4.3% 2026 CPI Forecast BPNG, revised up from 3.0% Sources: IMF, World Bank, BPNG, Westpac. 2026f = consensus; medium-term on no-Papua-LNG baseline. Papua LNG — FID in sight Development Forum opened Jul-26. Capex cut US$18bn → US$14bn. FID targeted Q4-26; may extend to ~Apr-27, still ahead of the 2027 elections. Fuel & fiscal support PGK1bn stabilisation package holds pump prices at Mar-26 levels; ~PGK630m disbursed by mid-year. To be formalised in a supplementary budget. Watch: El Niño risk Dry conditions could disrupt Ok Tedi and Porgera operations entering Q4-26, a downside risk to mining export volumes. PGK/USD — Managed Crawl 0.2350 0.2325 0.2300 0.2280 Sep-25 Dec-25 Mar-26 Jun-26 5–8% T-bill / GIS yield range Crawl-like arrangement remains the nominal anchor; further measured PGK/USD depreciation toward the low-0.2200s expected absent major project inflows. PGK/AUD tracks the AUD/USD cross. 0.3621 0.3516 0.3380 0.3307 Sep-25 Dec-25 Mar-26 Jun-26 PGK/AUD to creep down on AUD/USD strength Papua LNG — FID in sight
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5 HY2026 Results.
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6 Overview. NPAT K59.7m 4% Revenue K254.8m 2% EPS 20.3 toea 1% NIM 5.8% 10bps CAR 26.0% 870bps Interim DPS 14.2 toea [4.5 cents] 13% ROE 16.6% [17.1%] 50bps Cost of Credit Risk 0.2% [0.3%] 10bps *compared against June 2025
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7 Market Share. • Maintained market share of lending at 16.9%, June 26 vs. June'25 • Deposits market share declined to 10.9% due to the intentional run-off of higher-cost Fixed Deposits and CMA balances, reflecting our focus on optimizing funding costs and enhancing margin performance. • The growth in total industry deposits is largely attributable to increased government deposits. Lending Deposit 16,799 18,247 18,574 2,645 3,035 3,098 15.7% 16.9% 16.9% 15.0% 15.5% 16.0% 16.5% 17.0% 17.5% Jun24 HY Jun25 HY Jun26 HY PGK'bn Total System Lending (Source BPNG) Kina Loan Book Kina Lending Market Share 33,391 32,407 39,663 4,474 4,482 4,326 13.4% 13.8% 10.9% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Jun24 HY Jun25 HY Jun26 HY PGK'bn Total System Deposit (Source BPNG) Kina Deposit Book Kina Deposit Market Share
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8 14.7 20.0 20.3 5.5 7.1 6.4 Jun24 HY Jun25 HY Jun26 HY EPS (PGK toea) EPS (AUD cents) 10.6 12.6 14.2 4.0 4.5 4.5 Jun24 HY Jun25 HY Jun26 HY DPS (PGK toea) DPS (AUD cents) Shareholder Returns. Total Shareholder Return Interim Dividend per Share Earnings per Share +13% +1% * *impact of depreciation of PGK rate vs AUD rate * 1% 75% 22%9% 43% 51% 10% 117% 72% 1 Year 3 Years 5 Years Capital Gain Dividend
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9 Revenue +2%. • Key revenue drivers: • Loan Interest Income +12%. • Digital income stable YoY . • Wealth income + 11%, driven by growth increase in client funds and FuA membership. 106.9 38.1 37.0 27.4 19.2 17.7 115.3 43.9 50.9 30.1 23.0 18.7 129.1 43.5 48.3 30.6 25.6 16.3 Loan Interest Digital FX Treasury Investments Wealth Fees and commission PGK'm Jun24 HY Jun25 HY Jun26 HY
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10 Loan Book growth of +2% vs PCP. Modest loan book growth over PCP reflects deliberate balance sheet optimisation and de-risking initiatives, including the targeted reduction of selected lending exposures. Excluding these strategic actions the underlying growth would have been 7% vs PCP . 1,735 2,107 2,116 589 624 628 108 107 131 90 118 156 96 99 112 87 46 38 Jun24 HY Jun25 HY Jun26 HY PGK'm Business Loan Housing Loan Investment Property Loan Overdraft and Other Asset Financing Personal Loan
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11 Net Interest Income. • Net Interest Margin declined nominally by 10bps to 5.8% compared to June 2025. • Interest spread on investments at 4.4% reflected declining yields on government securities in line with our forecast. • Interest spread on loans slightly increased to 6.5% • Net interest income gains were partly offset by a planned increase in the cost of funds associated with the corporate bond. 111.6 113.2 119.3 5.6% 5.9% 5.8% 7.2% 6.4% 6.5% 1.0% 1.4% 1.7%2.8% 5.3% 4.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 106.0 108.0 110.0 112.0 114.0 116.0 118.0 120.0 Jun24 HY Jun25 HY Jun26 HY Net Interest Income (PGK'm) Net Interest Margin (%) Interest Spread (loans) % Cost of funds (%) Interest Spread (investment) %
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12 37.0 50.9 48.3 HY2024 HY2025 HY2026 PGK’m Non-Interest Revenue. • FX revenue of PGK48.3m, down 5% from 1H 2025, including a one-off PGK2.4m FX loss on the FY2025 final dividend payment. • Increased interbank FX activity and reduced central bank intervention continue to reshape the market. • Higher FX volumes largely offset margin compression, supporting revenue resilience. • Digital revenue growth was constrained by interoperability issues affecting a major PNG bank’s new debit cards, delaying income from KSL’s payment acquiring business (EFTPOS, e-Commerce and ATMs). • The issue was external to Kina Bank and is expected to be resolved through industry-wide system upgrades before the end of H2 2026. • The competitive changes in the payments acquiring market resulting from this issue may mean that a full revenue recovery extends into 2027. Digital RevenueForeign Exchange Income 38.1 43.9 43.5 HY2024 HY2025 HY2026 PGK’m
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13 Wealth. • Funds under Administration (FuA) increased by 15% to PGK25.1bn, up from PGK21.9bn in the prior period. • Growth was driven by continued expansion in superannuation membership, increasing funds managed on behalf of members. • The increase reflects strong inflows and the growing scale of the superannuation business, further strengthening FuA levels. • Funds Under Management (FuM) increased 16% to PGK14.4bn, up from PGK12.8bn in the prior period. • Recurring revenue increase reflects growth in FuM. 19.4 21.9 25.1 938 975 1,017 860 880 900 920 940 960 980 1,000 1,020 1,040 1,060 Jun24 HY Jun25 HY Jun26 HY Funds under Administration FuA (PGK'bn) Member ('000) 10.7 12.8 14.4 Jun24 HY Jun25 HY Jun26 HY Funds under Management FuM (PGK'bn)
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14 Modest increase in Operating Cost. • Operating costs increased 7% to PGK159.6m, reflecting a modest rise despite ongoing inflationary pressures and currency depreciation of the PGK against the USD and AUD, which impacts 30% of the cost base. • Cost growth was driven by continued investment in core capabilities and early phases of our digitisation program, while maintaining disciplined expense management. • FTE remained stable, while salary cost increase is attributable to a 4% CPI increase in local team member salaries and FX impact on AUD denominated salaries. • Cost to income of 62.6%, reflecting revenue growth timings. Kina maintains its medium to long term objective to reduce CTI through efficiency, digitisation, and organic growth in its target segments. +7% 273.05 148.6 159.6 8.1 2.9 - - - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 Jun25 HY Salaries Administration Occupancy Other Opex Jun26 HY
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15 Asset Quality. • Provision coverage strengthened to 2.6% of gross loans at June 2026 (June 2025: 2.1%), reflecting a continued prudent approach to credit risk management. • Gross NPL balances reduced slightly by 0.9% from December 2025; the 0.2% movement in the NPL ratio from December to June reflects the 3% decline in the loan book size. • NPL reporting has been updated to include suspended interest on credit impaired loans, raising the December 2025 figure from 7.7% to 8.7%, with the June 2026 figure at 8.9% using the same methodology. Accordingly, the movement against prior periods does not represent a decline in credit quality but a reporting realignment under IFRS9. 0.3% 7.7% 1.8% 5.9% 2.2% 0.4% 8.1% 1.5% 6.5% 2.3% 0.3% 7.8% 1.1% 6.7% 2.1% 0.9% 8.7% 1.3% 7.4% 2.7% 0.2% 8.9% 1.1% 7.8% 2.6% Impairment Exp % of GLA Non-performing loans and loans in arrears +90 day arrears +180 days arrears Total provision % of GLA Jun24 HY Dec24 FY Jun25 HY Dec25 FY Jun26 HY * * Suspended Interest realignment under IFRS9 in 2H25 increased total NPL from 7.7% to 8.7% (+180 days arrears from 6.4% to 7.4%). *
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16 Capital Adequacy. • Capital adequacy increased to 26.0% (Dec 2025: 17.4%) following the successful PGK235m Tier 2 Bond issuance. • The strengthened capital position enhances KSL’s capacity to support future lending and growth. 19.3% 17.3% 26.0% 12.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Jun24 HY Jun25 HY Jun26 HY Capital Adequacy: T1 + T2 BPNG minimum total risk based capital
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17 Strategy & Outlook.
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18 2030 Strategy. Purpose: Creating Brighter Futures. Vision: To be the most trusted financial services partner for the people, communities, and the markets that we serve. Strategic Priorities Customer First Empowered Team Operational Excellence Growth through Innovation Serving Communities Governance for Growth Dedicated to serving customers and improving what we do every day. Our team members have clear roles, are supported by leadership, and have opportunities to grow. Process improvements and digital solutions to enhance simplicity, efficiency and competitiveness. Leading the market with innovation at the core of products, and services. Committed to enhancing prosperity for our stakeholders while making a positive impact in our communities. Governance, Risk, and Compliance practices that demonstrate our responsibility and support sustainable growth. Values for C.H.A.N.G.E Courage We speak up and challenge ourselves to do better. Heart We take pride in serving our customers and colleagues. Accountability We own it, act decisively, and finish what we start. Nambawan We are one team. Together It’s Possible. Growth We learn and improve every day. Excellence We are the best at what we do.
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19 2030 Strategy Execution. • 2030 Strategy execution remains on track. • PGK235m PNGX-listed subordinated bond successfully issued and oversubscribed. • Pei Beta digital wallet launched, expanding financial inclusion and payments capability. • New Corporate Online Banking platform strengthens business banking proposition. • Continued investment in risk, leadership and digitisation capabilities. • Culture transformation program on track, including rollout of CHANGE values across the organisation. • Pursuing organic growth and selective value-accretive M&A opportunities.
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20 Sustainable Communities. The Strongim Komuniti Grant Program is fully governed and delivered by Kina Bank team members, with the following projects delivered to June 2026: • School desks and chairs for Evadahana Primary School (Port Moresby) and Kailge Primary School (Western Highlands Province). • Solar lights for Kamdika Lutheran Church (Jiwaka Province) and solar power installation for Angoram Technical Vocational Education and Training Centre (East Sepik Province). • Water tanks for Ialibu Junior High School (Southern Highlands Province), Silosilo Health Centre (Milne Bay Province), Gori Church (Simbu Province), Kaparoko Church (Central Province), and Asaro Primary School (Eastern Highlands Province). Kina Bank also supports community partnerships focussed on education and youth empowerment: • The Kokoda Track Foundation's Archer Leaders program and the Motu Koita Distance Education Programs. • RISE PNG supports female students to build confidence, develop practical skills, and prepare for future opportunities.
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21 • Positive H2 2026 momentum supporting delivery of the 2030 Strategy. • Resolution of cards interoperability issue expected by year-end, supporting future earnings growth. • Stronger FX activity and loan growth anticipated, underpinned by improving market conditions and pipeline strength. • Strong balance sheet and capital position support profitable growth opportunities. • Confident outlook with continued focus on long-term shareholder value creation. Outlook and summary.
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22 Appendices.
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23 Board of Directors. Ian Clough Non-Executive & Chairman of the Board Appointed: July 2024 Paul Hutchinson Non-Executive Director Chair of the Risk Committee and Member of the Audit Committee Appointed: August 2018 Andrew Carriline Non-Executive Director Chair of the Audit Committee, Chair of the Disclosure Committee and member of the Risk Committee Appointed: August 2018 Richard Kimber Non-Executive Director Deputy Chairman of the Board and member of the Remuneration and Nomination Committee Appointed: September 2023 Jane Thomason Non-Executive Director Chair of Remuneration and Nomination Committee Appointed: April 2018 Robert Nilkare Non-Executive Director Member Remuneration and Nomination Committee Appointed: August 2025 Lutz Heim Non-Executive Director Member of Audit Committee and member of Risk Committee Appointed: August 2025 Ivan Vidovich Chief Executive Officer & Managing Director Appointed: January 2025
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24 Deposit Tenure. HY 2026 HY 2025 On Call 67% 1 month 9% 2 months 8% 3 months 2% 6 months 4% 12 months 9% 24 months 1% On Call 67% 1 month 13% 2 months 4% 3 months 3% 6 months 5% 12 months 7% 24 months 1%
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25 Loan Portfolio by Industry. 765 721 363 341 196 97 87 57 77 892 736 413 386 283 98 120 72 102 998 723 473 397 152 99 124 106 108 Wholesale & Retail Personal Banking Real Estate/Renting/Business Services Other Business Building and Construction Post & Telecommunication Hotel & Restaurants Transport & Storage Other* PGK'm Jun26 HY Jun25 HY Jun24 HY
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26 Deposits by Product. 1,488 793 1,682 512 1,482 431 2,018 552 1,481 213 2,016 616 Fixed Term Cash Management Accounts Current Account Savings Account PGK'm Jun24 HY Jun25 HY Jun26 HY
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27 Thank you.