Kina Securities Income Statement

Financials in millions PGK. Fiscal year is January - December.

Millions PGK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	272.52	274.47	253.34	224.6	206.94
Interest Income on Investments	74.01	0.94	0.66	0.47	0.56
Total Interest Income	346.53	275.41	254	225.07	207.5
Interest Paid on Deposits	77.86	52.25	50.02	43.39	29.62
Net Interest Income	268.67	223.17	203.98	181.68	177.87
Net Interest Income Growth (YoY)	20.39%	9.41%	12.27%	2.14%	4.72%
Gain (Loss) on Sale of Assets	-	0.15	0.09	0.25	0.11
Gain (Loss) on Sale of Investments	-1.6	7.91	2.73	3.61	0.82
Other Non-Interest Income	278.45	253.67	197.36	180.96	155.57
Total Non-Interest Income	276.85	261.73	200.18	184.82	156.49
Non-Interest Income Growth (YoY)	5.78%	30.75%	8.31%	18.11%	7.97%
Revenues Before Loan Losses	545.53	484.9	404.16	366.5	334.36
Provision for Loan Losses	38.97	18.15	9.9	4.83	6.52
Revenue	506.56	466.75	394.26	361.68	327.84
Revenue Growth (YoY)	8.53%	18.39%	9.01%	10.32%	11.98%
Salaries and Employee Benefits	114.8	100.19	84.26	83.5	71.42
Occupancy Expenses	49.8	37.68	34.28	43.18	41.72
Selling, General & Administrative	119.3	113.93	83.99	69.66	67.04
Other Non-Interest Expense	11.2	34.85	16.19	16.92	13.92
Total Non-Interest Expense	298.3	286.64	218.72	213.26	194.1
EBT Excluding Unusual Items	208.26	180.11	175.54	148.42	133.75
Other Unusual Items	-	-	-	-	-27.7
Pretax Income	208.26	180.11	175.54	148.42	106.02
Income Tax Expense	87.53	79.81	70.58	31.93	35.21
Net Income	120.73	100.3	104.96	116.49	70.81
Preferred Dividends & Other Adjustments	-	-	-	-	-0
Net Income to Common	120.73	100.3	104.96	116.49	70.81
Net Income Growth	20.38%	-4.45%	-9.89%	64.51%	-6.80%
Basic Shares Outstanding	289	287	287	287	287
Diluted Shares Outstanding	291	289	289	289	290
Shares Change (YoY)	0.55%	0.01%	0.14%	-0.57%	41.61%
EPS (Basic)	0.42	0.35	0.37	0.41	0.25
EPS (Diluted)	0.42	0.35	0.36	0.40	0.24
EPS Growth	19.72%	-4.67%	-9.81%	65.44%	-34.19%
Dividend Per Share	0.319	0.261	0.256	0.264	0.268
Dividend Growth	22.22%	1.95%	-3.03%	-1.31%	-0.56%
Effective Tax Rate	42.03%	44.31%	40.20%	21.51%	33.21%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.