Kina Securities Limited (ASX:KSL), a Papua New Guinea-listed banking and financial services group, disclosed an operating profit attributable to equity holders of PGK 59,732,100 for the half year ended 30 June 2026, according to condensed interim consolidated financial statements signed by the board on 31 August 2026.
Key Points
- Operating profit attributable to equity holders was PGK 59,732,100 for the half year ended 30 June 2026, compared with PGK 57,688,115 in the prior corresponding period.
- Dividends declared for the half year amounted to PGK 41,812,470; dividends paid for the year ended 31 December 2025 amounted to PGK 56,634,045.
- Taiwo Fowowe was appointed company secretary on 27 May 2026, replacing Johnson Kalo.
- The half-year financial report was reviewed by Deloitte Touche Tohmatsu, which concluded the statements comply with IAS 34 Interim Financial Reporting and the Companies Act 1997 (amended 2022).
Half-Year Financial Results
Kina Securities reported operating profit attributable to equity holders of PGK 59,732,100 for the half year ended 30 June 2026. The comparative figure for the prior corresponding half-year period was PGK 57,688,115. The directors stated they consider there are no unusual or other matters that warrant their comments, and that the Group’s financial position and results from operations are properly reflected in the financial statements. The financial statements were signed at Port Moresby on 31 August 2026 by Chairman Ian Clough and Managing Director and Chief Executive Officer Ivan Vidovich.
Dividends Declared and Paid
According to the filing, dividends declared for the half year ended 30 June 2026 amounted to PGK 41,812,470. Dividends paid for the year ended 31 December 2025 amounted to PGK 56,634,045. The filing directs readers to note 34 of the financial statements for further details regarding dividends and events subsequent to the reporting date. No additional information regarding dividend timetable or payment method was disclosed in the directors’ report section of the filing.
Board Composition and Company Secretary Appointment
The filing disclosed the names of directors in office during the accounting period: Ian Clough (Chairman), Ivan Vidovich (Managing Director and Chief Executive Officer), Lutz Heim (Non-Executive Director), Robert Nilkare (Non-Executive Director), Paul Hutchinson (Non-Executive Director), Jane Thomason (Non-Executive Director), Richard Kimber (Deputy Chairman), and Andrew Carriline (Non-Executive Director). Taiwo Fowowe was appointed as company secretary on 27 May 2026, replacing Johnson Kalo in that role. Kina Securities is incorporated under the Companies Act of Papua New Guinea and is listed on both the PNGX and ASX.
