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Marlin Global (MLN) investor relations material
Marlin Global AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting opened with confirmation of quorum, preliminary matters, and virtual attendance options.
Directors, key management, and advisors were introduced, and the agenda included financial review, portfolio update, Q&A, and voting on resolutions.
Minutes of the previous AGM and the annual report were made available to shareholders.
Financial performance review
Net profit after tax for the year was $300,000, a significant decrease from $37.2m in 2024, with a Total Shareholder Return (TSR) of 2.8%.
Dividend per share increased to $0.0801, an 8.5% return; NAV per share decreased from $1.03 to $0.95.
Adjusted NAV return was 0.2% for 2025, compared to 19.5% in 2024, and performance lagged the benchmark over one, three, and five years.
Share price closed at $0.91, down from $0.96 in 2024, with a reduced discount to NAV.
First quarter unaudited net profit was NZD 2.5 million, with NAV per share at $0.94 after a $0.0188 dividend.
Board and executive committee updates
Carol Campbell, Audit and Risk Committee Chair, is retiring after 14 years; Dan Coman was elected as a new director.
Fiona Oliver was re-elected as director, highlighting her governance and financial experience.
Board includes Andy Coupe, Fiona Oliver, Dan Coman, Carol Campbell, and David McClatchy.
Senior management team led by Sam Dickie and Chris Waters.
Board engaged with the manager to address underperformance but does not intervene in stock selection.
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- TIINDIA
Q3 revenue up 20% YoY to Rs.5,801 Cr; PAT at Rs.279 Cr; Rs.2/share interim dividend declared. - RITES
Q3 FY26 consolidated net profit rose to ₹115.10 crore on revenue of ₹608.59 crore. - BRG
Record EBITDA and strong cash flow, but impairments and Chinese competition weighed on profit. - V2RETAIL
Q3 and 9M FY26 saw strong revenue and profit growth, aided by expansion and lease gains. - 2454
Record Q4 revenue growth driven by flagship chips, but net income fell on margin pressure. - SECU
8% operating margin reached, strong cash flow, and digital risk intelligence expansion underway. - PCELL
Sales up 15% to SEK 385m, 24% organic growth, margin gains, and first positive EBITDA. - 532548
Revenue growth continued, but exceptional labour code expenses weighed on quarterly profit. - SOI
Q3 revenue up 18% sequentially, led by AI demand, amid ongoing inventory corrections. - 4689
Double-digit growth in Strategic and SaaS segments offset ASKUL outage impact.
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