Kingfish Limited Analysis

Overview

Kingfish is a listed investment company that invests in growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish 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. Kingfish listed on the NZX Main Board on 31 March 2004 and may invest in companies that are listed on the NZX Main Board, NZX Alternative Market or unlisted companies.

Performance

The following information was extracted from Kingfish Limited's Full year results, released on 25 May 2026:

Kingfish reports $13.6m net loss

• Net loss after tax for year ended 31 March 2026 - ($13.6m)

• Total shareholder return - +1.3%

• Adjusted NAV return - - 3.2%

• Dividend return - +8.4% (10.84cps)

NZX-listed investment company Kingfish Limited (NZX: KFL) today announced an after-tax net operating loss of $13.6m for the year ended 31 March 2026.

The 2026 financial year was characterised by continued below-average growth in the New Zealand economy, and the New Zealand share market provided little opportunity to participate in the AI driven sectors of information technology and communications. Global share markets, including New Zealand, have experienced ongoing geopolitical uncertainty, with the financial year finishing after the start of the Middle East conflict and the effective closure of the Strait of Hormuz. This saw both the New Zealand share market and Kingfish portfolio down meaningfully in March, which meant Kingfish's financial year result swung from a net profit to a net loss.

The portfolio’s adjusted NAV return2 of -3.2% (-2.1% gross performance4 ) was below the S&P/NZX50G benchmark which was up +5.2% for the 12-month period.

During the financial year the Company, in accordance with its capital management strategy, bought back 0.7 million shares in accordance with the buyback policy.