Strong investment returns and improved offshore performance have contributed to record financial results for Nasfund Superannuation in the 2025 financial year.

Chief Finance Officer, Ms. Debbie Oli highlighted the key financial results during the announcement of the fund’s audited results.

Ms. Oli said the fund recorded cash income of K554 million, exceeding the budgeted income of K544 million for the year.

In addition, the fund achieved valuation gains of K580 million, reflecting the strong performance of its investment portfolio.

One of the major differences between the 2024 and 2025 results was the turnaround in foreign exchange performance.

The fund recorded a foreign exchange gain of K142 million, compared to a K5.7 million loss the previous year.

Ms. Oli said contributions from members and employers also continued to grow.

During the year, K856 million in contributions were received, representing an eight percent increase compared to the previous year.

Meanwhile, member benefit payments totaled K611 million, slightly higher than the K591 million paid in 2024, reflecting ongoing member withdrawals and benefit claims.

According to Ms. Oli, the total interest credited to members’ accounts for 2025 will reach approximately K1.1 billion, compared to K839 million credited in 2024.

Of this amount, K17 million had already been paid to members who exited the fund during the year.

She explained that the fund’s gross investment return across the portfolio reached around 15 percent, before operating expenses and taxes were deducted.

Operating expenses for the year totaled K88 million, which Ms. Oli said was in line with the fund’s budget and reflected continued efforts to maintain strict cost control.

She noted that 36 percent of the fund’s expenses were fixed costs, including administrative fees, investment management costs and regulatory fees paid to the Bank of Papua New Guinea.

Staff costs accounted for 35 percent of total expenses, while about 28 percent represented controllable operational costs.

Ms. Oli said prudent cost management is essential because lower expenses allow the fund to return more value to its members.

Strong returns were also generated from several major investments, including holdings in BSP Financial Group and Credit Corporation, as well as offshore equities.

The fund has also continued expanding its international investment portfolio.

Nasfund’s offshore investment portfolio increased from K1.4 billion in 2024 to K2.1 billion in 2025, now representing 21.8 percent of the fund’s total net asset value.

Ms. Oli said this remains within the fund’s prudential limits and below the board-approved target of 25 percent allocation to international investments.

She added that global investments and foreign currency movements contributed positively to the fund’s results this year.

However, she noted that maintaining a balanced and diversified portfolio remains important to ensure stable long-term returns for members.