Kingfish Limited — Net Asset Value 2026

May 21, 2026

KINGFISH
LANDING TOMORROW'S TROPHIES
Kingfish Limited
Phone +64 9 489 7094
Private Bag 93502
Takapuna, Auckland

KFL NAV as at 20/5/26 - $1.2055

Date	20/5/2026	13/5/2026
KFL NAV	$1.2055	$1.2305
Share price close	$1.2100	$1.2300
(Premium)/Discount	(0%)	0%

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 five largest portfolio holdings at 20 May 2026 are approximately as follows:

Infratil 18%
Fisher & Paykel Healthcare 16%
Auckland International Airport 8%
Mainfreight 7%
Summerset 6%

BACKGROUND

Kingfish is a listed investment company that invests in quality growing New Zealand companies. The Kingfish portfolio is managed by Fisher Funds Management Ltd, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Kingfish is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single tax efficient investment vehicle. Kingfish listed on NZX Main Board on 31 March 2004 and may invest in companies that are listed on a New Zealand stock exchange or unlisted companies.

Contact
Corporate Manager
Kingfish Limited
Tel +64 9 4840352