MLN NAV as at 30/11/25 - $0.9500

MLN NAV as at 30/11/25 - $0.9500
Date30/11/202525/11/2025
MLN NAV$0.9500$0.9539
Share price close$0.9350$0.9300
Discount2%3%
The five largest portfolio holdings at 30 November 2025 are approximately as follows:
Amazon7%
Microsoft7%
Mastercard6%
Meta Platforms6%
Danaher Corp.5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is calculated after deducting treasury stock (shares acquired under the Marlin Global buyback
programme) - currently nil.
MarlinGlobalisalistedinvestmentcompanythatinvestsingrowingcompaniesbasedoutsideofNewZealandand
Australia.TheMarlinportfolioismanagedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordof
successfullyinvestingingrowthcompanyshares.TheaimofMarlinistoofferinvestorscompetitivereturnsthrough
capitalgrowthanddividends,andaccesstoadiversifiedportfolioofinvestmentsthroughasingle,tax-efficient
investmentvehicle.MarlinlistedontheNZXMainBoardon1November2007andmayinvestincompaniesthatare
listedonanyapprovedstockexchange(excludingNewZealandorAustralia)orunlistedcompaniesnotincorporated
in New Zealand or Australia.
The above net asset value (NAV) is unaudited and net of fees and tax.
Marlin Global Limited
Phone +64 9 484 0365
Private Bag 93502
Takapuna , Auckland