Kina Securities Ltd (ASX:KSL)

Full Year 2024 Kina Securities Ltd Earnings Call Transcript

Feb 27, 2025 / 04:00 AM GMT

Release Date Price: A$1.2 (+2.14%)

Transcript

Key Points

Positve

Kina Securities Ltd (ASX:KSL) reported a 7% increase in underlying impact, demonstrating solid financial performance.
The company achieved a 13% expansion of its loan book, indicating strong market growth and increased market share.
Non-interest income surged by 33%, representing 55% of total revenues, showcasing successful revenue diversification.
Digital and channels operations saw a 27% increase in revenues, highlighting significant progress in digital transformation.
Kina Securities Ltd (ASX:KSL) maintained a strong capital adequacy of 18.4%, well within regulatory requirements, supporting future growth potential.

Negative

The cost to income ratio increased to 58.6% from 54.2% the previous year, indicating rising operational costs.
A fraud incident had a material impact on costs, and recovery efforts are ongoing with no specific probability of recovery provided.
The company faced increased costs due to civil unrest in Port Moresby, affecting operational and security expenses.
USD-based tech licensing costs rose due to the depreciation of the PGK, impacting overall expenses.
Future FX income growth is expected to be more moderate compared to the extraordinary growth experienced in FY24.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KSL.AX - Kina Securities Ltd
Full Year 2024 Kina Securities Ltd Earnings Call
Feb 28, 2025 / 04:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
You standing by and welcome to the Keena Securities Limited full year results ending 31 December 2024.

All participants are in a listen-only mode. There will be a presentation followed by a question and answer session.

If you wish to ask a question, you'll need to press the star key followed by the number one on your telephone keypad.

I would now like to hand the conference over to Mr. Ivanovic, incoming CEO and MD. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good afternoon everyone, and thank you for joining the call today.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.