Kingfish NAV rises to $1.3473, discount widens

Kingfish Limited (NZX:KFL) announced that its undiluted net asset value (NAV) per share stood at $1.3473 as of June 30, 2025, a slight increase from $1.3300 on June 25, 2025. Despite the increase in NAV, the market price of KFL shares closed at $1.29, resulting in a discount of 4% compared to a 2% discount the week prior when shares closed at $1.31. The NAV calculation excludes potential impacts from future warrant exercises. As of June 30, 2025, there were 86,961,524 warrants (KFLWI) outstanding, exercisable in May 2026 at a price of $1.35 less declared dividends with a record date between May 2025 and the May 2026 exercise announcement. Dividends totaling 2.75 cents per share have been declared to date. Kingfish's largest portfolio holdings include Fisher & Paykel Healthcare (19%), Infratil (12%), and Mainfreight (10%), among others.