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Kina Securities Limited (ASX:KSL)

ALERT: Price-sensitive ASX Announcement for KSL
Current share price for KSL : $1.225 0.015 (1.24%)+
Announcement
Release
31 Mar 2026 4:56PM
Price at Release
$1.210
Full Release
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Summary
On March 31, 2026, Kina Securities Limited (KSL) announced changes to its audited financial statements in alignment with potential changes highlighted in their FY25 Result Announcement. The adjustments led to a reduction of PGK6.1 million in net profit after tax (NPAT), attributed to reclassifying capitalized costs for AML/CTF capability uplift and Enterprise Resource Planning projects as operating expenses according to IAS 38 interpretation guidelines. This resulted in total combined pre-tax adjustments of K9.1 million, with the income tax expense reduced by PGK3.0 million. These changes do not affect cash flow, nor do they materially alter the company's net assets or financial outlook for 2026. This update was authorized by the company's Disclosure Committee.
Key Points
  • Kina Securities Limited (KSL) has made adjustments to its audited financial statements.
  • The adjustments are related to changes highlighted in the FY25 Result Announcement.
  • The net profit after tax (NPAT) has been adjusted, with a reduction of PGK6.1 million.
  • Re-classification of costs related to AML/CTF capability uplift and ERP projects.
  • Total combined pre-tax adjustments amount to K9.1 million.
  • Income tax expense reduced by PGK3.0 million.
  • These changes do not impact cash or trading profit/loss.
  • No material change to net assets or outlook for 2026.
  • The announcement was authorized by Kina's Disclosure Committee.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.