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 on 21 February 2025:

Marlin delivers $8.1m First Half Profit

• Net profit for the six months ended 31 December 2024: $8.1m

• Total shareholder return1: 3.1%

• Adjusted NAV return (after expenses, fees & tax): 3.7%

• Dividends paid during the period (cents per share): 4.05 cps

NZX-listed investment company Marlin Global Limited (NZX:MLN) today announced a net operating profit after tax of $8.1m for the six month period ended 31 December 2024.

Key elements of the half year result include profits on investments of $10.4m, dividend, interest and other income of $0.9m, less operating expenses and tax of $3.2m.

Marlin’s Chair, Andy Coupe, noted that “the Marlin portfolio management team has remained disciplined through the period, focussing on well-managed, quality businesses and adhering to their investment process. Despite ongoing global inflationary concerns, higher interest rates and geo-political conflicts, most international equity markets have experienced a period of growth."

The portfolio’s gross performance return3 for the six months was +5.3% and the adjusted net asset value (NAV) return2 was +3.7%, compared to the S&P Large Mid Cap/S&P Small Cap Index (hedged 50% to the NZD)4 which was +10.5% over the same period.