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Kina Securities Limited (ASX:KSL)

ALERT: Price-sensitive ASX Announcement for KSL
Current share price for KSL : $1.070 -0.225 (-17.37%)+
Announcement
Release
7 Jul 2026 9:19AM
Price at Release
$1.295
Full Release
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Summary
Kina Securities Limited (KSL) has released an earnings guidance update for the financial year ending 31 December 2026. The company forecasts a full-year net profit after tax (NPAT) between PGK132 million and PGK138 million, indicating an increase of 15% to 20% from the prior year's audited NPAT of PGK114.6 million. This growth is driven by sustained revenue momentum across target segments, although delayed growth in the payment acquiring business due to interoperability issues affecting a major PNG bank's debit cards is noted. Challenges such as lower yields on government securities, increased foreign exchange competition, and currency depreciation against the AUD and USD have been acknowledged. However, the reduction in corporate tax rates for smaller banks to 35% from 40% is expected to have a positive impact. The financial guidance is based on unaudited management forecasts and is aligned with both PNGX and ASX listing rules.
Key Points
  • Full-year NPAT forecast between PGK132 million and PGK138 million.
  • Represents a 15% to 20% increase from prior year's NPAT.
  • Revenue growth driven by target segments.
  • Delayed growth in payment business due to interoperability issues.
  • Challenges include lower yields, increased foreign exchange competition, and currency depreciation.
  • Reduction in corporate tax rate to 35% for smaller banks.
  • Financial guidance based on unaudited management forecasts.
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.