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	223.59	253.34	224.6	206.94	199.69
Interest Income on Investments	51.83	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	-	0.09	0.25	0.11	3.25
Gain (Loss) on Sale of Investments	9.58	2.73	3.61	0.82	2.51
Other Non-Interest Income	256.1	197.36	180.96	155.57	139.18
Total Non-Interest Income	265.68	200.18	184.82	156.49	144.94
Non-Interest Income Growth (YoY)	32.72%	8.31%	18.11%	7.97%	59.92%
Revenues Before Loan Losses	488.85	404.16	366.5	334.36	314.79
Provision for Loan Losses	18.15	9.9	4.83	6.52	22.02
Revenue	470.7	394.26	361.68	327.84	292.78
Revenue Growth (YoY)	19.39%	9.01%	10.32%	11.98%	46.45%
Salaries and Employee Benefits	102.9	83.99	83.5	71.42	72.18
Occupancy Expenses	43.1	34.28	43.18	41.72	38.42
Selling, General & Administrative	114.4	84.27	69.66	67.04	56.72
Other Non-Interest Expense	11.94	16.19	16.92	13.92	15.56
Total Non-Interest Expense	273.64	218.72	213.26	194.1	182.87
EBT Excluding Unusual Items	197.06	175.54	148.42	133.75	109.91
Other Unusual Items	-13	-	-	-27.7	-
Pretax Income	184.06	175.54	148.42	106.02	109.91
Income Tax Expense	81.59	70.58	31.93	35.21	33.93
Net Income	102.47	104.96	116.49	70.81	75.97
Preferred Dividends & Other Adjustments	-	-	-	-0	-
Net Income to Common	102.47	104.96	116.49	70.81	75.97
Net Income Growth	-2.38%	-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)	0.36	0.37	0.41	0.25	0.37
EPS (Diluted)	0.35	0.36	0.40	0.24	0.37
EPS Growth	-2.61%	-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	44.33%	40.20%	21.51%	33.21%	30.87%

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