Tribune Resources (TBR) H1 2025 earnings summary

Executive summary

• Achieved profit attributable to members of $19.2M after tax and non-controlling interest for the half-year ended 31 Dec 2024, up from $11.1M year-over-year.

• Revenue increased to $91.6M from $63.4M year-over-year, driven by higher spot gold prices.

• Paid a fully franked dividend of 20 cents per share ($10.5M) on 16 Dec 2024.

• Continued exploration and development at EKJV, Seven Mile Hill, Japa (Ghana), and Diwalwal (Philippines) projects.

Financial highlights

• Net profit after tax and non-controlling interest: $19.2M (up $8.1M year-over-year).

• Revenue: $91.6M (up $28.1M year-over-year).

• Net cash flows from operating activities: $46.4M (up from $29.4M year-over-year).

• Cash and cash equivalents at period end: $12.3M (up from $8.9M at 30 Jun 2024).

• Basic EPS: 36.54 cents (up from 21.13 cents year-over-year).

Outlook and guidance

• Open pit mining at Hornet deposit (EKJV) to commence in Q4 FY25 following positive RC drilling results.

• Planned limited drilling and exploration at Japa Project (Ghana) in 2025, pending regulatory approvals.

• Share buy-back program extended to 20 Feb 2026, with up to 5.25M shares eligible for repurchase.