KFL undiluted ex-div NAV as at 3/9/25 - $1.3274

KFL undiluted NAV as at 3/9/25 - $1.3274 (after deducting 2.73cps dividend payable)
Date3/9/202531/8/2025
KFL undiluted NAV$1.3274$1.3332
Share price close$1.30 $1.33
Discount 2%0%
The five largest portfolio holdings at 3 September 2025 are approximately as follows:
Fisher & Paykel Healthcare19%
Infratil13%
Mainfreight10%
Summerset9%
EBOS Group7%
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 2.73 cents per share dividend to be paid on 26 September 2025. The
NAV per share is also calculated after deducting treasury stock (shares acquired under the Kingfish buyback programme) -
currently nil.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (KFLWI). At 3 September 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 5.48 cents per share have been declared to date and there are two 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