Kingfish has reported a 61.7% decline in net profit for the six months ended Sept 30, 2025.
The company's net profit from continuing operations was $16.4 million, compared to $42.7m in the same period last year.
Total revenue also dropped by 56.9% to $20.0m.
Kingfish's portfolio manager, Matt Peek, attributed the underperformance to declines among some of the larger positions in the portfolio.
However, he expressed optimism, noting that New Zealand trading conditions were no longer deteriorating for many of the company's portfolio companies.
Kingfish's adjusted net asset value return was +3.5%, while the S&P/NZX50G Index had a return of +8.3%.
The company declared an interim dividend of 2.7 cents per share, to be paid on Dec 19, 2025.
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