Marlin Global's NAV dips, trading at a slight discount

Marlin Global Limited reported its net asset value (NAV) as of November 18, 2025, at $0.9248 per share, reflecting a 1% discount compared to its share price close of $0.9300. This marks a decrease from the NAV of $0.9576 recorded on November 11, 2025, when the company's share price closed at $0.9500, indicating a 1% premium at that time. The NAV per share is calculated after deducting treasury stock, which is currently nil under the buyback program.

The company's five largest portfolio holdings as of November 18, 2025, are Microsoft (7%), Amazon (7%), Mastercard (6%), Danaher Corp. (6%), and Meta Platforms (5%). Marlin Global is a listed investment company that focuses on growing companies outside of New Zealand and Australia, with its portfolio managed by Fisher Funds.

Marlin Global, which listed on the NZX Main Board on November 1, 2007, aims to provide competitive returns through capital growth and dividends. It invests in companies listed on approved stock exchanges globally (excluding New Zealand or Australia) or unlisted companies not incorporated in those regions.