Tufton Assets - estimated unaudited NAV at US$413.5 mln, NAV per share US$1.55 as of May 31 2026

As of May 31, 2026, Tufton Assets Limited (LSE: SHIP) reported an estimated unaudited net asset value (NAV) of US$413.5 million, with a NAV per ordinary share of US$1.55. This represents a significant increase from the unaudited NAV of US$371.7 million and a NAV per share of US$1.390 as of December 31, 2025. The company continues to focus on its investment objective of generating regular and growing income and capital returns through a diversified portfolio of second-hand commercial sea-going vessels.

The current share price of SHIP stands at approximately $1.13, trading at a discount to its estimated NAV of $1.55. This implies a premium/discount of roughly -27%, which is in line with the company’s historical trading pattern. The company has maintained a consistent dividend policy, with a recent quarterly dividend of USD0.025 per share declared for the quarter ending December 31, 2025.

Tufton Assets Limited, managed by Tufton Investment Management Ltd, has raised approximately USD316.5 million through its initial public offering and subsequent capital raises, returning USD191.8 million to investors to date. The company’s strategy remains centered on leveraging its expertise in the maritime sector to deliver long-term value to shareholders.