Kina Securities Limited (ASX:KSL)

Kina Securities Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	274.47	253.34	224.6	206.94	199.69
Interest Income on Investments	0.94	0.66	0.47	0.56	0.14
Total Interest Income	275.41	254	225.07	207.5	199.82
Interest Paid on Deposits	52.25	50.02	43.39	29.62	29.96
Net Interest Income	223.17	203.98	181.68	177.87	169.86
Net Interest Income Growth (YoY)	9.41%	12.27%	2.14%	4.72%	47.78%
Gain (Loss) on Sale of Assets	0.15	0.09	0.25	0.11	3.25
Gain (Loss) on Sale of Investments	7.91	2.73	3.61	0.82	2.51
Other Non-Interest Income	253.67	197.36	180.96	155.57	139.18
Total Non-Interest Income	261.73	200.18	184.82	156.49	144.94
Non-Interest Income Growth (YoY)	30.75%	8.31%	18.11%	7.97%	59.92%
Revenues Before Loan Losses	484.9	404.16	366.5	334.36	314.79
Provision for Loan Losses	18.15	9.9	4.83	6.52	22.02
Revenue	466.75	394.26	361.68	327.84	292.78
Revenue Growth (YoY)	18.39%	9.01%	10.32%	11.98%	46.45%
Salaries and Employee Benefits	100.19	84.26	83.5	71.42	72.18
Occupancy Expenses	37.68	34.28	43.18	41.72	38.42
Selling, General & Administrative	113.93	83.99	69.66	67.04	56.72
Other Non-Interest Expense	34.85	16.19	16.92	13.92	15.56
Total Non-Interest Expense	286.64	218.72	213.26	194.1	182.87
EBT Excluding Unusual Items	180.11	175.54	148.42	133.75	109.91
Other Unusual Items	-	-	-	-27.7	-
Pretax Income	180.11	175.54	148.42	106.02	109.91
Income Tax Expense	79.81	70.58	31.93	35.21	33.93
Net Income	100.3	104.96	116.49	70.81	75.97
Preferred Dividends & Other Adjustments	-	-	-	-0	-
Net Income to Common	100.3	104.96	116.49	70.81	75.97
Net Income Growth	-4.45%	-9.89%	64.51%	-6.80%	24.81%
Basic Shares Outstanding	287	287	287	287	204
Diluted Shares Outstanding	289	289	289	290	205
Shares Change (YoY)	0.01%	0.14%	-0.57%	41.61%	20.38%
EPS (Basic)	0.35	0.37	0.41	0.25	0.37
EPS (Diluted)	0.35	0.36	0.40	0.24	0.37
EPS Growth	-4.67%	-9.81%	65.44%	-34.19%	3.69%
Dividend Per Share	0.261	0.256	0.264	0.268	0.269
Dividend Growth	1.95%	-3.03%	-1.31%	-0.56%	5.49%
Effective Tax Rate	44.31%	40.20%	21.51%	33.21%	30.87%

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