Kingfish reports strong NAV growth, portfolio highlights

Kingfish Limited reported an unaudited undiluted net asset value (NAV) of $1.3363 as at October 29, 2025, an increase from $1.3271 on October 22, 2025. The share price closed at $1.32 on both dates, resulting in a 1% discount. The NAV per share is calculated after deducting treasury stock, which is currently nil.

The company noted that 86,961,524 warrants are on issue and exercisable on May 1, 2026, at an actual exercise price of $1.35, less declared dividends. Dividends totaling 5.48 cents per share have been declared, with two more expected before the exercise date.

Kingfish's five largest portfolio holdings as of October 29, 2025, are Fisher & Paykel Healthcare (19%), Infratil (14%), Summerset (10%), Mainfreight (8%), and Auckland International Airport (7%). Kingfish is a listed investment company focused on quality New Zealand companies, managed by Fisher Funds Management Ltd, aiming for competitive returns through capital growth and dividends.