Marlin Global reports $37.2m profit, dividend increase

Marlin Global has reported a net profit of $37.2 million for the 2024 financial year, up from $23.6m in the previous year.

The company's dividend per share increased to 7.59 cents, compared to 7.11cps in 2023.

Marlin's net asset value per share also rose to $1.03, from $0.93.

However, the share price increased only slightly to $0.96, from $0.92.

The company achieved a total shareholder return of 13.8%, while the adjusted net asset value return was 19.5%.

The company's gross performance was 22.9% for the year.

Marlin Global's investment objectives are to provide access to a diversified portfolio of international quality growth stocks and achieve a high real rate of return.