Marlin Global Limited Analysis

Overview

Marlin Global is a listed investment company that invests in growing companies based outside of New Zealand and Australia. The Marlin portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Marlin 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. Marlin listed on the NZX Main Board on 1 November 2007 and may invest in companies that are listed on any approved stock exchange (excluding New Zealand or Australia) or unlisted companies not incorporated in New Zealand or Australia.

Performance

The following information was extracted from Marlin's half year results, released 16 February

Marlin delivers $6.5m First Half Profit

•Net profit for the six months ended 31 December 2025 $6.5m

•Total shareholder return* 7.1%

•Adjusted NAV return (after expenses, fees & tax)** 3.0%

•Dividends paid during the period (cents per share) 3.77 cps

NZX-listed investment company Marlin Global Limited (NZX: MLN) today announced a net operating profit after tax of $6.5m for the six-month period ended 31 December 2025.

Key elements of the half year result include profits on investments of $8.7m, dividend, interest and other income of $0.6m, less operating expenses and tax of $2.9m.

Marlin’s Chair, Andy Coupe, noted that “while it has been a positive period for international markets the board is disappointed with the Marlin portfolio performance, which has significantly underperformed against its equity benchmark. The underperformance has been the result of certain stock specific issues, as well as the certain sector overweight and underweight positions in the Marlin portfolio.”