Marlin Global NAV falls to $0.8425, premium declines

Marlin Global (NZX:MLN) reported its undiluted net asset value (NAV) at $0.8425 as of April 22, 2025, compared to $0.8724 on April 15, 2025. The company's share price closed at $0.92, resulting in a premium of 9% compared to a share price of $0.91, and a premium of -4% a week prior. The NAV calculation deducts treasury stock of 158,664 shares acquired under the Marlin Global buyback program. The undiluted NAV excludes any impact from the future exercise of 53,729,692 warrants (MLNWG) exercisable on May 16, 2025, with an exercise price of $0.96. Marlin Global's top five portfolio holdings include Amazon (8%), Microsoft (7%), Mastercard (6%), ASML Holding (5%), and Danaher Corp. (5%).