Market cap
$436.1m
End-of-day close multiplied by current shares on issue.
KFL · NZX
Kingfish is an NZX-listed investment companies / listed investment company company with FY21 - FY26 of published result briefings.
Snapshot
FY26, released 25 May 2026
| Metric | Value | Change |
|---|---|---|
| Revenue | -$8.3m | ↓ -117.2% |
| NPAT | -$13.6m | ↓ -133.3% |
| DPS | 2.5c | ↓ -9.5% |
| Total assets | $31m | ↓ -93.4% |
Source: latest published briefing (FY26, released 25 May 2026). Change compares against the prior equivalent period: FY25, released 19 May 2025.
Valuation
A compact read on what the market price implies next to the latest filing data. The numbers are a starting point for comparison, not a recommendation.
The latest close and share count context for the market price.
Market cap
$436.1m
End-of-day close multiplied by current shares on issue.
Yield and fund-style valuation where the company shape supports it.
Dividend yield
8.8%
Trailing dividends compared with the latest close.
Premium / discount
0.2%
For investment companies, price compared with reported NTA.
Total return
Not available
Available once dividend and adjustment data are verified.
How the market price compares with recent earnings and cash-flow inputs.
P/E
Not available
Not meaningful when recent earnings are negative.
EPS
-0.04
Recent filing-derived earnings per share.
PEG
Not available
Not available for this company right now.
EV/EBITDA
Not available
Not useful for this reporting shape.
P/FCF
Not available
Not available for this company right now.
Daily closes use the full available width, with hover and touch readouts against real observations. Expand opens the chart at reading size.
Five years of daily closes, as at close, 5 June 2026. Weekends, suspensions, and listing gaps stay as natural gaps in the time scale.
Filing-period markers only: EOD close on or before each release date divided by filing-derived trailing NPAT where both inputs verify.
Chat
Ask follow-up questions about Kingfish's latest result and company history.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Informational only. No buy, sell, hold, price-target, or personal financial advice.
Longitudinal view
The latest period is shown first.
| Metric | FY2612 MONTHS25 May 2026 | HY266 MONTHS24 November 2025 | FY2512 MONTHS19 May 2025 | HY256 MONTHS21 November 2024 | FY2412 MONTHS20 May 2024 | HY246 MONTHS20 November 2023 | FY2312 MONTHS22 May 2023 | HY236 MONTHS17 November 2022 | FY2212 MONTHS23 May 2022 | HY226 MONTHS22 November 2021 | FY2112 MONTHS27 May 2021 | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -$8.3m | $20m | $48.2m | $5.5m | $10.1m | -$12.3m | $9m | -$45.9m | -$10.7m | $63.2m | $156m | Chart |
| Revenue growth % | -179.7%Outside range low revenue growth. -179.7%; 4-period range -106.8% to n/m. Revenue growth: -179.7%, below normal range; 4-period mean 682.5%, range -106.8%n/m. | 262.8% | 379.4% | 144.8% | 11.5% | 73.2% | — | -172.7% | -106.8% | -33.9% | n/m | Chart
|
| EBITDA | — | — | — | — | — | — | — | -$48.4m | -$17.3m | $56.9m | $142.7m | Chart |
| EBITDA margin % | — | — | — | — | — | — | — | 105.4% | 162.2% | 90.1% | 91.5% | Chart |
| PBT | — | $16.4m | — | $42.8m | $19.9m | -$14.7m | -$19.4m | -$48.4m | -$17.3m | $56.9m | $142.7m | Chart |
| PBT growth % | — | -61.7% | — | — | — | — | — | — | — | -34.6% | n/m | Chart |
| NPAT | -$13.6m | $16.4m | $40.8m | $42.8m | $19.9m | -$14.7m | -$19.5m | -$48.4m | -$17.3m | $56.9m | $142.7m | Chart |
| NPAT growth % | — | -61.7% | 105.0% | — | — | — | — | — | — | -34.6% | n/m | Chart |
| Operating cash flow | — | $16m | — | $10.2m | $22.4m | $15.1m | $22.7m | $13.6m | $3.2m | $1.1m | -$48.3m | Chart |
| OCF / EBITDA % | — | — | — | — | — | — | — | -28.0% | -18.6% | 1.9% | -33.8% | Chart |
| DPS | 2.5c | 2.7c | 2.8c | 2.9c | 2.6c | 2.6c | 2.8c | 2.9c | 3.2c | 3.7c | 3.6c | Chart |
| Payout ratio vs NPAT % | — | 57.4% | — | 22.7% | 181.7% | — | — | — | — | 20.2% | 23.9% | Chart |
| Annual payout ratio vs EPS % | — | — | — | — | 181.7% | — | — | — | — | — | 24.0% | Chart |
| ROE % | — | 3.5% | 8.7% | 9.3% | 4.3% | -3.4% | -4.2%Outside range low roe. -4.2%; 4-period range -3.4% to 25.9%. ROE: -4.2%, below normal range; 4-period mean 8.9%, range -3.4%-25.9%. | -10.9%Unprecedented low roe. -10.9%; 4-period range -3.4% to 9.6%. ROE: -10.9%, unprecedented low; 4-period mean 4.8%, range -3.4%-9.6%. | -3.4% | 9.6%Outside range high roe. 9.6%; 4-period range -10.9% to 9.3%. ROE: 9.6%, above normal range; 4-period mean -0.4%, range -10.9%-9.3%. | 25.9%Unprecedented high roe. 25.9%; 4-period range -4.2% to 8.7%. ROE: 25.9%, unprecedented high; 4-period mean 1.3%, range -4.2%-8.7%. | Chart |
| Net debt | — | — | — | — | — | — | — | — | -$8m | — | — | — |
| Net debt / EBITDA | — | — | — | — | — | — | — | — | 0.46x | — | — | — |
| Debtor days | — | 26 | — | 153 | 0 | n/m | 0 | n/m | n/m | 9 | 1 | Chart |
| Total assets | $31m | $473.9m | $470.6m | $487.5m | $458.9m | $435.2m | $462.2m | $445.1m | $506.4m | $597.1m | $560.4m | Chart |
Reference: annolyse.ai/companies/kfl
Note: Figures are shown as reported. Half-year and full-year absolute values are not directly comparable. Growth rates and ratios are the meaningful comparison across mixed periods.
Net tangible asset or net asset value per share, shown in per-share cents for chart readability.
Recurring investment-income or revenue-return proxy, excluding fair-value movement where disclosed.
Total income or return including fair-value or capital movement where disclosed.
Net asset base attributable to shareholders or unitholders.
Recurring investment income or revenue-return coverage of cash distributions where source-backed.
Portfolio or NAV total return compared with the disclosed benchmark or index return.
The setup & the reality
The latest result is checked against what the prior briefing said to watch.
Historical setup
Previous analysisHY26Result releasedAnnolyse analysis published
From Portfolio return halved to NZ$20.0m but investment income hit a record NZ$5.9m
No forward targets, NAV guidance, or portfolio outlook figures are supplied in the release excerpts. The release commentary itself notes the outlook "has failed to improve as expected," which suggests management is not signalling a near-term acceleration in either portfolio returns or the recurring income trajectory.
Against the supplied historical baseline, the result sits roughly mid-range on portfolio total return, at a record on recurring income, and at the lower edge of the NTA-per-share band. The release does not contain enough forward context to assess whether the second half can rebuild NTA per share toward the historical mean of NZ$1.49.
Open questions
This briefing cannot assess portfolio-level holdings, the gross-versus-net portfolio return split, the expense ratio, or any unrealised gain/loss composition that would clarify how much of the NZ$20.0m total return is capital movement versus realised gains.
Archive
Every published Annolyse briefing for this company appears here in reverse chronological order.
FY26 · Released 25 May 2026
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.
HY26 · Released 24 November 2025
NPAT 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.
FY25 · Released 19 May 2025
A 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.
HY25 · Released 21 November 2024
Recurring investment income held flat at NZ$5.5m, leaving distributions only 48.8% income-covered despite the headline swing.
FY24 · Released 20 May 2024
Distributions 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.
HY24 · Released 20 November 2023
The portfolio beat its benchmark by 1.6pp, yet net assets stayed below the historical baseline and the interim distribution was trimmed 7.7%.
FY23 · Released 22 May 2023
Recurring investment income grew 14.4% to NZ$9.0m, but a NZ$14.7m portfolio loss left distributions only 36.7% covered by income.
HY23 · Released 17 November 2022
Kingfish 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%.
FY22 · Released 23 May 2022
A 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.
HY22 · Released 22 November 2021
Net profit fell 34.6% against an exceptional prior-year comparable, but a 10.4% portfolio return lifted net assets to a record $594.4m.
FY21 · Released 27 May 2021
NTA per share hit a fresh high of $1.77, but recurring investment income fell 10.9% and covered only 25.4% of distributions paid.
Get the next Kingfish result briefing and five-year history updates by email.