Barramundi's NAV dips slightly ahead of warrant exercise, dividend declarations

Barramundi Limited reported its undiluted Net Asset Value (NAV) as $0.6751 per share as of November 12, 2025, a slight decrease from $0.6741 recorded on November 5, 2025. The share price closed at $0.6840 on November 12, 2025, representing a 1% premium, compared to a closing price of $0.6950 and a 3% premium on November 5, 2025. The NAV is unaudited, net of fees and tax, and excludes the impact of 85,179,108 outstanding warrants (BRMWI), exercisable on August 7, 2026, at a price of $0.70 less declared dividends.

Dividends totalling 1.41 cents per share have been declared to date, with three additional dividends anticipated before the August 7, 2026, exercise price announcement. Barramundi, managed by Fisher Funds, invests in growing Australian companies and is listed on the NZX Main Board.

The company's top five portfolio holdings as of November 12, 2025, include CSL (8%), WiseTech (7%), Xero (6%), Car Group (6%), and Macquarie Group (5%), reflecting its strategy of providing diversified investment access through a single tax-efficient vehicle.