KFL undiluted NAV as at 31/3/26 - $1.2021

KFL undiluted NAV as at 31/3/26 - $1.2021
Date31/3/202625/3/2026
KFL undiluted NAV$1.2021$1.1999
Share price close$1.1900 $1.2100
Discount / (Premium)1%(1%)
The five largest portfolio holdings at 31 March 2026 are approximately as follows:
Fisher & Paykel Healthcare19%
Infratil17%
Mainfreight8%
Summerset8%
Auckland International Airport8%
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 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 31 March 2026,
86,961,524 warrants are on issue and may be exercised on 1 May 2026. The final exercise price of each warrant is $1.24.
Kingfish Limited
Phone +64 9 489 7094
Private Bag 93502
Takapuna, Auckland