Kingfish portfolio returned -3.2% versus +5.2% benchmark, NAV down 11.1%
An 8.4 percentage point benchmark gap drove a NZ$13.6m net loss and pulled NTA to NZ$1.20 while annual distributions slipped to 10.84cps.
Published 25 May 2026
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An 8.4 percentage point benchmark gap drove a NZ$13.6m net loss and pulled NTA to NZ$1.20 while annual distributions slipped to 10.84cps.
Published 25 May 2026
Read briefingNPAT fell 61.7% to NZ$16.4m as fair-value gains receded against a near-flat benchmark, while NTA per share slipped 5.2% to NZ$1.34.
Published 22 April 2026
Read briefingA strong first half drove the $40.8m full-year NPAT, but H2 reversed and NTA per share sits at the lower edge of its four-year range.
Published 22 April 2026
Read briefingRecurring investment income held flat at NZ$5.5m, leaving distributions only 48.8% income-covered despite the headline swing.
Published 22 April 2026
Read briefingDistributions of NZ$23.0m absorbed the portfolio rebound, leaving net assets at NZ$457.6m versus the NZ$461.6m–NZ$505.4m historical range.
Published 22 April 2026
Read briefingThe portfolio beat its benchmark by 1.6pp, yet net assets stayed below the historical baseline and the interim distribution was trimmed 7.7%.
Published 22 April 2026
Read briefingRecurring investment income grew 14.4% to NZ$9.0m, but a NZ$14.7m portfolio loss left distributions only 36.7% covered by income.
Published 22 April 2026
Read briefingKingfish trailed its benchmark by 0.9pp as net assets fell to $444.4m and ROE swung to an unprecedented -10.9%, with distribution coverage at 39.5%.
Published 22 April 2026
Read briefingA strong $56.9m H1 profit was more than reversed in H2, leaving a $17.3m full-year loss and active return barely ahead of the benchmark.
Published 22 April 2026
Read briefingNet profit fell 34.6% against an exceptional prior-year comparable, but a 10.4% portfolio return lifted net assets to a record $594.4m.
Published 22 April 2026
Read briefingNTA per share hit a fresh high of $1.77, but recurring investment income fell 10.9% and covered only 25.4% of distributions paid.
Published 22 April 2026
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