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Tribeca Global Natural Resources (TGF) investor relations material
Tribeca Global Natural Resources H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved a net profit after tax of $5.02 million for FY25, reversing a prior year loss of $9.59 million, driven by strong performance in Precious Metals, Uranium, and Oil & Gas segments.
Declared a fully franked dividend of $0.05 per share and announced a buyback program of up to 10% of outstanding shares, aiming to close the discount to NTA.
Net tangible assets (NTA) per share (excluding tax) increased 4.47% to $2.09, outperforming key resource indices which declined over the same period.
Board remains committed to capital management and ongoing dividend payments from retained profits when prudent.
Financial highlights
Revenue from ordinary activities was $20.2 million, up from a loss of $2.4 million in FY24.
Operating profit before tax was $7.05 million, compared to a loss of $14.38 million in the prior year.
Net profit after tax was $5.02 million, versus a loss of $9.59 million year-over-year.
Basic and diluted EPS improved to $0.06 from a loss of $0.12 per share.
NTA per share (excluding tax) rose to $2.09 from $2.00; including tax, NTA was $2.15 (up from $2.08).
Outlook and guidance
Positive outlook for the resources sector, with supportive macro trends such as China's expansionary policies and rising demand for commodities critical to energy transition.
Copper demand from China is nearing double-digit annual growth, and supply constraints are expected to persist.
The portfolio manager remains optimistic about the opportunity set in commodities and expects continued market volatility.
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