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Marlin Global (MLN) investor relations material
Marlin Global H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported a net loss after tax of $17.3m for the year ended 30 June 2026, underperforming its equity benchmark by a significant margin.
Total shareholder return was -7.6%, and adjusted NAV return was -8.5% for the period.
Dividend return was positive at 8.1%, with distributions maintained at 2% of NAV per quarter.
Performance lagged due to a market rally in AI-related stocks, while the portfolio's focus on quality blue-chip stocks faced headwinds.
Financial highlights
Net loss on investment totaled $13.9m, with dividend, interest, and other income at $1.2m.
Expenses, fees, and tax amounted to $4.6m for the year.
Gross performance return was -6.3%, compared to the benchmark index's +30.5%.
Outlook and guidance
The board is working closely with the manager to address underperformance and improve future results.
- Net profit surged 58% to $37.2m, with robust returns led by tech and healthcare investments.MLN
H2 2024 - Net profit dropped to $0.3m as returns lagged benchmarks amid sector and market volatility.MLN
H2 2025 - Net profit fell to $6.5M, EPS to 2.88c, and a new warrant issue was approved.MLN
H1 2026 - Net profit fell sharply, underperformance continued, but dividends and board stability were maintained.MLN
AGM 2025 - Profit up 58%, higher dividends, and all board resolutions received unanimous support.MLN
AGM 2024 - Net profit after tax was $8.1m, with a 3.7% NAV return and 2.05c dividend declared.MLN
H1 2025
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