Investors & Shareholders

The Directors of Ku-ring-gai Financial Services Limited (KFSL) are pleased to announce that, while the company recorded a small loss of $89,863 for the year ended 30 June 2025, we remain in a strong position and are proud to declare a fully franked dividend of $0.20 cents per ordinary share for the 2025 financial year. 

This dividend will be paid to shareholders on Monday 27 October 2025, with a record date for determining share ownership as Monday 20 October 2025. 

With our recent $1.48 million investment in the Community Enterprise Foundation, we believe this strategic initiative will provide long-term benefits by supporting and strengthening our local communities well into the future. The ongoing success of Community Bank Lindfield is underpinned by the continued commitment of our shareholders and together, we remain focused on delivering meaningful outcomes for our customers and the communities we serve. 

All dividend payments will be made electronically so I particularly encourage you to provide your bank details for direct credit to your bank account if you have not already done so. You will need to return a Shareholder Details Form, along with certified identification, if any of your details have changed. The form is available on our website, https://kfsl.com.au/investors-shareholder/. Where we do not have your bank account information, we will hold payment until these details have been received. 

Your completed form can be emailed to secretary@kfsl.com.au or may be delivered to the Lindfield branch (318 Pacific Highway, Lindfield). 

On behalf of the Board, I thank you again for your commitment to our company, your community and to the continued success of our Community Bank Lindfield. 

Yours sincerely 

David A Langdon 

Chair 

Ku-ring-gai Financial Services Limited 

Downward adjustment to projected profit for FY2025

The directors of Ku-ring-gai Financial Services Limited (KFSL) have resolved to invest $1.48 million with the Community Enterprise Foundation to fund community development and support in future years. While this decision will reduce our projected profit for FY2025, we firmly believe it represents a strategic investment in the long-term interests of both our company and the communities we serve.

As a Community Bank company, supporting local initiatives, organisations and causes is fundamental to the social and economic fabric of KFSL’s operating environment. These grants and sponsorships are not simply charitable contributions—they are investments in trust, resilience and shared prosperity.

Here’s why this decision makes long-term business sense:

• Stronger community relationships: By directly supporting initiatives that matter to our stakeholders, we reinforce our role as a responsible corporate citizen. This builds goodwill, brand loyalty and community support—critical assets that contribute to long-term sustainability and license to operate.
• Reputation and brand value: Companies that demonstrate a genuine commitment to social impact consistently outperform in brand perception and stakeholder trust. A strong, positive brand attracts customers, investors, partners and talent.
• Resilience and risk management: Healthy, vibrant communities are essential for long-term business stability. Our support helps address social challenges that, if left unmet, could pose indirect risks to our operations or reputation.
• Future growth opportunities: Community engagement often leads to strategic partnerships, innovation and access to new markets or audiences. Sponsorships can also offer direct marketing and visibility benefits, enhancing our reach and influence.

We are confident that this decision will ultimately deliver greater economic, social, and reputational value for our shareholders over time. We thank you for your continued support and shared commitment to building a stronger, more inclusive future.

David A Langdon
Chair
Ku-ring-gai Financial Services Limited

Shareholder Announcement – Dividend 
The directors of Ku-ring-gai Financial Services Limited (KFSL) are pleased to advise that for the financial year ended 30 June 2024, the company achieved another excellent post-tax profit of $1,072,524 (2023: $1,336,927.)

In recognition of this excellent result, the directors have declared a fully-franked dividend per ordinary share of 20.00 cents (2023: 19.16 cents) for the year ended 30 June 2024. This dividend will be paid to shareholders on 4 November 2024.

As a community bank business, KFSL looks to provide sustainable shared value to both shareholders and community groups throughout Ku-ring-gai.

All dividend payments will be made electronically so I particularly encourage you to provide your bank details for direct credit to your bank account if you have not already done so. You will need to return a Shareholder Details Form, along with certified identification, if any of your details have changed. The form is available on our website. Where we do not have your bank account information, we will hold payment until these details have been received. Your completed form can be emailed to secretary@kfsl.com.au or may be delivered to the Lindfield branch (318 Pacific Highway, Lindfield).

On behalf of the Board, I thank you again for your commitment to our company, your community and to the continued success of our Community Bank Lindfield.

Best regards,

David Langdon
Chair

Updated notice of expected material elevation in Ku-ring-gai Financial Services Limited’s company revenues 

In terms of its franchise agreement with Bendigo and Adelaide Bank (BABL), Ku-ring-gai Financial Services Limited (KFSL) delivers BABL’s banking and financial services to its community. The franchise agreement provides for a share of interest margin, fee, and commission revenue to be earned by KFSL on the outstanding portfolio of loans, deposits and other business sourced by KFSL.

As noted by KFSL in its previously issued Continuous Disclosure Statements, the increases in the cash rate by the Reserve Bank of Australia during the financial year have elevated the level of earnings for KFSL on this portfolio compared to the prior year. As a result, based on its financial performance to the end of April 2023, KFSL expects its revenue from contracts with customers for FY23 to exceed the prior year by 65% to 75%, with a related material uplift in profit for the year. Applying a similar dividend payout ratio to that of the prior year and an estimate of the profit that would have arisen had there been no changes in the RBA’s cash rate since 1 July 2023, the Board is considering the declaration of an ordinary dividend of between 7.29c and 7.49c per ordinary share. As a result of KFSL’s elevated profit during the year, the Board is also considering declaring a special dividend of between 11.45c and 11.65c per ordinary share. The total ordinary and special dividend would be within the dividend payout limits as prescribed by KFSL’s franchise agreement. The payment of these dividends is subject to: the finalisation of KFSL’s financial results for the year ending 30 June 2023; consideration of the resources required for further investment into KFSL; forecast of future earnings, taking into account current macro-economic conditions; and final declaration by the Board. 

Community Bank Turramurra branch to close

The board of Ku-ring-gai Financial Services Limited (KFSL), operators of the Community Bank branches at Turramurra and Lindfield, has made the difficult decision to close the Turramurra branch. Bendigo and Adelaide Bank Ltd have agreed to this decision.

Community Bank Turramurra, located at 1273 Pacific Highway Turramurra, will close on Friday, 14 July 2023. The decision to close the branch was carefully considered and is the result of two key factors ­– the growing trend of our customers to move away from in-branch transactions and towards online and phone banking, and the end of the lease on our Turramurra branch in early August 2023.  The premises would require modernisation which would involve significant expenditure as part of a branch refurbishment.  Whilst customer numbers have remained reasonably constant, the customer base is ageing; in-branch transaction numbers have declined compared to 2019 (pre-COVID) and the cost per service/transaction has risen.

The Lindfield branch is 7.3km from the Turramurra branch and has plenty of room for reconfiguration. The cost of maintaining two branches within such proximity is disproportionate to the business generated. This decision also considers the availability of our Senior Mobile Relationship Manager to assist Turramurra customers and surrounding areas with any lending enquiries. The consolidation of services to one physical branch, combined with our mobile lender, better positions us to respond to market volatility and evolving customer preferences.

We remain committed and invested in this community.

 The branch closure does not change the commitment of the KFSL Board and branch staff to ongoing community investments in our community via our grants, donations, and sponsorships program. Consolidating our physical location will enable us to increase the financial support we can offer our local community – and we have earmarked $500,000 for local projects over the next three years.

 Most Turramurra staff have accepted offers to continue working at our Lindfield branch.

We look forward to continuing to support our customers and the broader community from our Lindfield branch. The Bank is in the process of communicating these changes to its Turramurra customers. If you have any questions regarding this decision, please contact us at shareholder@kfsl.com.au

In terms of its franchise agreement with Bendigo and Adelaide Bank (BABL), Ku-ring-gai Financial Services Limited (KFSL) delivers BABL’s banking and financial services to its community. The franchise agreement provides for a share of interest margin, fee and commission revenue to be earned by KFSL on the outstanding portfolio of loans, deposits and other business sourced by KFSL.

The unaudited accounts of KFSL for the first quarter of its financial year ending 30 June 2023 (FY23) indicate that the continued increase in the cash rate by the Reserve Bank of Australia has materially elevated the level of earnings for KFSL on this portfolio compared to the prior year. If this trend continues, KFSL expects its revenue from contracts with customers for FY23 to exceed the prior year by 45% to 65% with a related material uplift in profit for the year. 

In terms of its franchise agreement with Bendigo and Adelaide Bank (BABL), Ku-ring-gai Financial Services Limited (KFSL) delivers BABL’s banking and financial services to its community. The franchise agreement provides for a share of interest margin, fee and commission revenue to be earned by KFSL on the outstanding portfolio of loans, deposits and other business sourced by KFSL. 

Further to the Continuous Disclosure Statement provided on 25 October 2022, the continued increases in the cash rate by the Reserve Bank of Australia have elevated the level of earnings for KFSL on this portfolio compared to the prior year. If this trend remains, KFSL expects its revenue from contracts with customers for FY23 to exceed the prior year by 70% to 90% with a related material uplift in profit for the year. This information is based on KFSL’s unaudited financial results for the first half of its financial year ending 30 June 2023 (FY23) which is due to be published on 17 March 2023. 

Ku-ring-gai Financial Services Limited (KFSL) advises that it is undertaking a transaction that may have an impact on the price of KFSL securities. The specific matters relating to the transaction are still ongoing, and so the company is unable to provide any further details at this time. KFSL will provide further updates as soon as practicable, in accordance with its continuous disclosure obligations. 

Constitution adopted 17 November 2021

If you wish to buy or sell shares you need to register your interest by submitting a completed Register of Interest form to the Share Registry by emailing shareregistry@afsbendigo.com.au or by post to:
AFS & Associates, PO Box 454 Bendigo, VIC. 3552.

The Register of Interest form can be downloaded here

Note A – tick the box required on the form to ensure you understand the unique aspects of the model and the necessary privacy requirements.

1. Your interest will be added to the Community Bank Lindfield Trading Shares Register of Interested Parties section here. This is an electronic notice board for easy access by interested parties.
2. The Share Registrar will notify you via mail of the ID number of your registered interest.
3. The Share Registrar reviews the Register of Interest to identify potential buyers/sellers.
   Note B – The KFSL Directors are not involved in setting the price of any share trade.
4. Interested investors are advised of possible counterparties by the Share Registrar and contact details are provided (this will only occur where privacy consent is provided: see 1 Note A above).
5. You, as the Buyer/Seller, then contact the counterparty to negotiate the sale/purchase of shares.
6. The Buyer obtains the Share Purchase Form, completes the details in conjunction with the seller and submits this to the Company Secretary for Ku-ring-gai Financial Services Limited Board approval at secretary@kfsl.com.au or by mail to 318 Pacific Hwy, Lindfield, NSW 2070.
   Note C – the Company’s Constitution contains limits on shareholdings and provides for the Board to have discretion to refuse to permit a transfer of shares.
7. The Board reviews the Share Purchase Form and approves/declines the trade. The Board then notifies the buyer and seller of their decision via mail.
8. If the trade receives Board approval, the Buyer pays the seller with no involvement from the Company and in exchange, the Seller hands the buyer the original Share Certificate/s. The Buyer lodges a Security Transfer Form with the Share Registrar by post. For the transfer to be registered, the Security Transfer Form must be accompanied by the original Share Certificate/s.
   – On receipt of the Security Transfer Form, the Share Registrar arranges the issue of a new share certificate to the buyer.

Further information can be obtained by contacting the Share Registry by email at shareregistry@afsbendigo.com.au

Transmission to a joint holder: Where shares are held jointly, a request to register surviving holders form should be completed and submitted to the Company together with a copy of probate or death certificate. If a new Share Certificate is required, the original Share Certificates should accompany the application for transmission.

Transmission to the executors: An application for transmission of shares to the executor of a deceased estate should be forwarded to the Company together with a copy of probate or the death certificate where probate is not granted. If a new Share Certificate is required, the original Share Certificate should accompany the application for transmission.

Transfer to a beneficiary or third party: A transfer of shares form should be completed by the executor and the transferee. The signed transfer form and the original Share Certificate should then be submitted to the Board for registration of the transfer. (Please note that stamp duty has been abolished in NSW.)

If required, an executor of a deceased estate may also access our Trading Shares page to identify a potential buyer.