BSP Financial Group quarterly net profit reaches K334M
Key points
- BSP Financial Group recorded an unaudited net profit after tax of K334 million for the third quarter ended Sept. 30, representing an 8% increase compared to the first-half quarterly average.
- The group reported total quarterly revenue of K997 million, which rose 6% against the first-half average and 16% against the prior corresponding period.
- Growth across lending in the South Pacific drove net interest income, while cost-to-income ratios were managed within target ranges through the Modernising for Growth programme.
BSP Financial Group (ASX:BFL) generated K334 million in unaudited net profit after tax for the third quarter of 2026, driven by consistent growth in regional lending.
The revenue figure of K997 million represented a 16% increase compared to the prior comparable quarter and a 6% increase over the first-half 2026 quarterly average.
"Consistent growth in net interest income underscores the strength of our lending across the South Pacific, coupled with balanced growth in non-interest income continuing to demonstrate the diversity of our revenue base," said BSP Financial Group Group CEO Mark T. Robinson.
Operating expenses rose 5% compared to the first-half average to K435 million, leaving the cost-to-income ratio at 43.6%.
Following the announcement, the BSP Financial Group share price was unchanged at $7.82.
During the quarter, the bank announced a sponsorship deal to become the Principal Foundation Partner of the PNG Chiefs ahead of their scheduled 2028 National Rugby League entry.
