KFL undiluted ex-div NAV as at 4/6/25 - $1.3465

KFL undiluted NAV as at 4/6/25 - $1.3465 (after deducting 2.75cps dividend payable)
Date4/6/202531/5/2025
KFL undiluted NAV$1.3465$1.3728
Share price close$1.32 $1.34
Discount2%2%
The five largest portfolio holdings at 4 June 2025 are approximately as follows:
Fisher & Paykel Healthcare19%
Infratil13%
Mainfreight10%
Summerset9%
EBOS Group8%
BACKGROUND
Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352
KingfishisalistedinvestmentcompanythatinvestsinqualitygrowingNewZealandcompanies.TheKingfishportfoliois
managedbyFisherFundsManagementLtd,aspecialistinvestmentmanagerwithatrackrecordofsuccessfullyinvesting
ingrowthcompanyshares.TheaimofKingfishistoofferinvestorscompetitivereturnsthroughcapitalgrowthand
dividends,andaccesstoadiversifiedportfolioofinvestmentsthroughasingletaxefficientinvestmentvehicle.Kingfish
listedonNZXMainBoardon31March2004andmayinvestincompaniesthatarelistedonaNewZealandstock
exchange or unlisted companies.
The above net asset value (NAV) is unaudited and net of fees and tax.
The NAV per share is after deducting an accrual for a 2.75 cents per share dividend to be paid on 27 June 2025. The NAV
per share is also calculated after deducting treasury stock of 746,735 shares (acquired under the Kingfish buyback
programme).
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWI). At 4 June 2025,
86,961,524 warrants are on issue and may be exercised on 1 May 2026. The actual exercise price of each warrant is $1.35
less the dividends per share declared by the company with a record date between 1 May 2025 and the announcement of
the 1 May 2026 exercise price. Dividends totalling 2.75 cents per share have been declared to date and there are three
more dividends expected to be declared in the remaining period up to the announcement of the 1 May 2026 exercise price.
Kingfish Limited
Phone +64 9 489 7094
Private Bag 93502
Takapuna, Auckland