Marlin Global (MLN) H1 2026 earnings summary

Executive summary

• Net profit after tax for the six months ended 31 December 2025 was $6.46 million, down from $8.07 million in the prior year period.

• Total comprehensive income after tax attributable to shareholders was $6.46 million, compared to $8.07 million year-over-year.

• Basic and diluted earnings per share were 2.88 cents, down from 3.72 cents in the previous year.

Financial highlights

• Total income for the period was $9.35 million, a decrease from $11.29 million year-over-year.

• Net change in fair value of investments was $8.74 million, compared to $10.41 million in the prior year.

• Operating expenses totaled $1.90 million, down from $2.04 million year-over-year.

• Dividends paid during the period were $8.47 million (3.77 cents per share).

• Net asset value per share as at 31 December 2025 was $0.94, compared to $0.95 at 30 June 2025.

Outlook and guidance

• On 16 February 2026, a dividend of 1.88 cents per share was declared, with payment scheduled for 27 March 2026.

• A new warrant issue was approved, with one warrant for every four shares to be allotted in April 2026, exercisable in April 2027.