Barramundi Limited Analysis

Overview

Barramundi is a listed investment company that invests in growing Australian companies. The Barramundi portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Barramundi is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax-efficient investment vehicle. Barramundi listed on the NZX Main Board on 26 October 2006 and may invest in companies that are listed on the Australian Securities Exchange (with a primary focus on those outside the top 20 at the time of investment) or unlisted companies.

Performance

The following information was extracted from Barramundi's Half year result, released 21 February 2025

Barramundi delivers $8.9m interim result

-Net profit for the six months ended 31 December 2024 $8.9m

• Total shareholder return* 5.2%
• Adjusted NAV return (after expenses, fees & tax)** 4.2%

-Dividends paid during the period (cents per share) 3.09 cps

NZX listed investment company Barramundi Limited (NZX: BRM) today announced a first half profit for the 6 months ended 31 December 2024 of $8.9m.

Key elements of the half year result include profits on investments of $9.0m, dividend and interest income of $2.3m, less operating expenses and tax of $2.3m.

Chair of Barramundi, Andy Coupe said: “The resilient domestic economy in Australia has continued to be supportive for the Australian share market, and Barramundi. Ongoing political tensions internationally have added to volatility in equity market performance in recent months. The board remains confident in the investment strategy and the medium to long-term resilience of the portfolio.”