Marlin Global NAV slightly dips to $0.9326 on March 18

Marlin Global (NZX:MLN) announced its undiluted NAV per share stood at $0.9326 on March 18, 2025. This figure is slightly lower than the $0.9342 reported on March 11, 2025. The NAV calculation deducts treasury stock of 419,475 shares acquired under the company's buyback program. The undiluted NAV excludes any potential impact from the future exercise of 53,729,692 outstanding warrants (MLNWG), which may be exercised on May 16, 2025. The exercise price of these warrants will depend on dividends declared between May 16, 2024, and the exercise announcement date, with total declared dividends amounting to 8.18 cents per share to date. As of March 18, 2025, Marlin Global's top five portfolio holdings include Microsoft and Amazon, each accounting for 8%, followed by ASML Holding at 6%, and Danaher Corp. and Mastercard, each at 5%.