Marlin Global (MLN)•HY26•Released 16 February 2026Marlin's portfolio returned 3.0% against an unprecedented 14.0% benchmarkManager underperformance widened to 11.0pp and NAV per share fell 8.3% even as the absolute portfolio result stayed within historical norms.Published 22 April 2026Read briefing→
Marlin Global (MLN)•FY25•Released 18 August 2025Portfolio return of $5.9m lagged an unprecedented 50% benchmarkInvestment income held above the historical baseline at $1.2m, but portfolio total return fell 86.3% while the benchmark posted a record 50% gain.Published 22 April 2026Read briefing→
Marlin Global (MLN)•HY25•Released 21 February 2025Marlin's 3.7% portfolio return lagged the 10.5% benchmark by 6.8 pointsNTA per share rose 8.5% to $1.02 and dividend income hit an unprecedented $0.9m, but benchmark underperformance is the central read.Published 22 April 2026Read briefing→
Marlin Global (MLN)•FY24•Released 19 August 2024NPAT up 57.6% to $37.2m on a $42.9m portfolio total returnStrong absolute gains came against a benchmark return of 15.2%, which sits at the lower edge of Annolyse's historical range.Published 22 April 2026Read briefing→
Marlin Global (MLN)•HY24•Released 22 February 2024NPAT swung to NZ$10.2m on NZ$12.4m portfolio total returnAn above-range portfolio result drove the swing to profit, but running investment income of NZ$0.4m covers only 7.9% of distributions paid.Published 22 April 2026Read briefing→
Marlin Global (MLN)•FY23•Released 22 August 2023Portfolio swung to NZ$27.6m total return but NTA stayed near lower edgeNPAT rebounded to NZ$23.6m and NTA per share rose 4.5% to NZ$0.93, yet net assets of NZ$192.8m remain at the lower edge of Marlin's recent range.Published 22 April 2026Read briefing→
Marlin Global (MLN)•HY23•Released 17 February 2023Portfolio returned -6.5% versus benchmark +6.3% as NTA fell to $0.80Active management lagged the benchmark by 12.8 percentage points as net assets dropped 33.1% and the interim distribution was cut to 1.66cps.Published 22 April 2026Read briefing→
Marlin Global (MLN)•FY22•Released 22 August 2022NTA per share fell 30.5% on an unprecedented NZ$58.5m portfolio lossAn unprecedented portfolio markdown left FY22 distributions covered only 5.7% by investment income, with NTA falling from $1.28 to $0.89 per share.Published 22 April 2026Read briefing→
Marlin Global (MLN)•HY22•Released 28 February 2022NTA hit a record NZ$1.26 but the portfolio trailed its benchmark by 2.7ppActive management delivered a 1.5% return against a 4.2% benchmark while distributions of 5.06 cents ran at 132.4% of NPAT.Published 22 April 2026Read briefing→
Marlin Global (MLN)•FY21•Released 24 August 2021Portfolio return of 46.7% beat benchmark by 8.9pp, NTA up 24.3%A record $69.2m NPAT reflects $77.3m of net investment gains, but recurring dividend income remains a small slice of total return.Published 22 April 2026Read briefing→