Barramundi reports stable NAV, slight adjustment in share value

As of October 29, 2025, Barramundi Limited's unaudited undiluted net asset value (NAV) per share was $0.6935, a marginal decrease from $0.7094 on October 22, 2025. The company's share price closed at $0.69 on both dates, resulting in a 0% discount on October 29, compared to a 2% discount the previous week. The NAV per share is calculated after deducting treasury stock, which is currently nil.

The undiluted NAV excludes the impact of 85,179,108 warrants (BRMWI) on issue, exercisable on August 7, 2026. The exercise price for these warrants is $0.70, less any dividends declared between August 7, 2025, and the August 7, 2026, exercise price announcement. Dividends totaling 1.41 cents per share have been declared to date, with three more expected before the exercise date.

Barramundi's portfolio, managed by Fisher Funds, focuses on growing Australian companies. Its top five holdings as of October 29, 2025, include CSL (7%), Xero (6%), WiseTech (6%), Car Group (6%), and Macquarie Group (6%). The company, listed on the NZX Main Board since October 26, 2006, aims to provide competitive returns through capital growth and dividends via a diversified, tax-efficient investment vehicle.