Kingfish NAV per share rises to $1.3752 in latest update

Kingfish Limited (NZX:KFL) today announced an increase in its undiluted net asset value (NAV) per share. As of May 7, 2025, the NAV reached $1.3752, reflecting a rise from the $1.3059 reported on April 30, 2025. The share price closed at $1.27 on May 7th, resulting in a discount of 8% compared to the NAV. This compares to a $1.25 closing price with a 4% discount at the end of April. The NAV calculation deducts treasury stock of 533,265 shares acquired under the buyback program. The NAV excludes any impact from the future exercise of warrants (KFLWI), of which 86,961,524 are currently issued. The top five portfolio holdings include Fisher & Paykel Healthcare (19%), Infratil (16%), Mainfreight (10%), Summerset (9%), and Auckland International Airport (8%). Kingfish is an investment company focusing on growing New Zealand businesses.