Strong result for Marlin

Results for announcement to the market Name of issuer Marlin Global Limited Reporting Period 12 months to 30 June 2024 Previous Reporting Period 12 months to 30 June 2023 Currency NZ$ Amount (000s) Percentage change Revenue/(Loss) from continuing operations 42,941 +55.4% Total Revenue/(Loss) 42,941 +55.4% Net profit/(loss) from continuing operations 37,191 +57.6% Total net profit/(loss) 37,191 +57.6% Interim/Final Dividend Amount per Quoted Equity Security $NZ 2.07 cents per share Imputed amount per Quoted Equity Security $NZ 0.00459879 Record Date 5 September 2024 Dividend Payment Date 27 September 2024 Current period Prior comparable period Net tangible assets per Quoted Equity Security $1.03 $0.93 A brief explanation of any of the figures above necessary to enable the figures to be understood The financial statements attached to this report have been audited by PricewaterhouseCoopers and are not subject to a qualification. A copy of the auditor’s report applicable to the financial statements is attached to this announcement. Authority for this announcement Name of person authorised to make this announcement W.A. Burns Contact person for this announcement W.A. Burns Contact phone number (09) 4840352 Contact email address enquire@marlin.co.nz Date of release through MAP 19 August 2024 Audited financial statements accompany this announcement. For immediate release: 19 August 2024 Strong result for Marlin Highlights •Net profit after tax for the year ended 30 June 2024 $37.2m •Total Shareholder return* +13.8% •Adjusted NAV return** +19.5% •Dividend return*** +7.9% Marlin Global Limited (NZX: MLN) today announced a net profit of $37.2m for the 12-month period ended 30 June 2024, well ahead of last year’s net profit of $23.6m. Key elements of the FY24 result include net profits on investment of $41.6m, dividend, interest and other income of $1.3m, offset by expenses, fees and tax of $5.8m. Chair Andy Coupe noted “It has been another volatile year for international equity markets, with market sentiment being influenced by a myriad of factors, including on-going recessionary concerns, high interest rates in response to inflation and geopolitical uncertainty. Marlin has performed well against this market backdrop and the board remains confident in the investment strategy and the medium to long-term resilience of the portfolio.” The Adjusted net asset value (NAV) return** was +19.5% and the gross performance return**** was +22.9%, well ahead of the company’s benchmark index*****, which was up 15.2%. The total shareholder return* was +13.8%, which was impacted by the lower share price, which moved from being at a 1.1% discount to the NAV at the start of the year, to a 6.7% discount to NAV as at 30 June 2024. The Marlin directors have maintained the company’s 2% of NAV per quarter distribution policy as the directors recognise that the regularity of the tax-effective quarterly dividends are important for many shareholders. In accordance with Marlin’s quarterly distribution policy, the company paid a total of 7.59 cents per share to shareholders during the year ended 30 June 2024. On 19 August 2024, the board declared a dividend of 2.07 cents per share, payable on 27 September 2024 with a record date of 5 September. Senior Portfolio Manager Sam Dickie said: “The 2024 year consisted of four distinct quarters of divergent market and macroeconomic backdrops, which is rare. Inflation was tamed but not conquered. Economic growth expectations rebounded strongly, before tapering out towards the end of the year. For longer-term investors, these shifts in macroeconomic sentiment are exciting as it can create investment opportunities, and this year has reinforced the importance of Marlin’s long-standing investment philosophy – investing in a portfolio of high-quality businesses that have a proven track record of growing profitability.” For further information, please contact: Wayne Burns Corporate Manager Marlin Global Limited Tel: (09) 484 0352 * Total Shareholder return- the return combines the share price performance, the warrant price performance, the net value of converting any warrants into shares, and the dividends paid to shareholders. It assumes all dividends are reinvested in the company’s dividend reinvestment plan, and that shareholders exercise their warrants, (if they were in the money), at warrant expiry date. ** Adjusted net asset value (NAV) return- the underlying performance of the investment portfolio, adjusted for capital management initiatives (dividends, buybacks & warrants), and after expenses, fees & tax. *** Dividend return - is the dividends paid for the period over the average share price for the period. **** Gross performance return – The Manager’s portfolio performance in terms of stock selection & currency hedging before expenses, fees and tax. ***** S&P Large Mid Cap/S&P Small Cap Index (hedged 50% to NZD). The total shareholder return, adjusted NAV return and gross performance return methodologies are described in the Marlin Global Non-GAAP Financial Information Policy. A copy of the policy is available at http://marlin.co.nz/about-marlin/marlin-policies/ About Marlin Global Marlin Global is a listed investment company that invests in growing companies based outside of New Zealand and Australia. The Marlin portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Marlin 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. Marlin listed on the NZX Main Board on 1 November 2007 and may invest in companies that are listed on any approved stock exchange (excluding New Zealand or Australia) or unlisted international companies not incorporated in New Zealand or Australia.