Tribune Resources (TBR) H2 2025 earnings summary

Executive summary

• Statutory net profit after tax surged 410.3% to $40.2M for FY25, driven by higher gold prices and increased production volumes.

• Revenue rose 48.6% year-over-year to $160.3M, with EBITDA up 174% to $76.3M.

• Ore production and processing increased, with 499,954 tonnes mined and 211,713 tonnes processed (Tribune share: 158,785 tonnes).

• Exploration advanced at EKJV, Golden Hind, Sadler, Hornet, Ambition, and international projects in Ghana and the Philippines.

Financial highlights

• Net profit after tax: $40.2M (FY24: $7.9M); profit attributable to owners: $33.2M (FY24: $4.3M).

• Revenue: $160.3M (FY24: $107.9M); EBITDA: $76.3M (FY24: $27.9M); EBIT: $60.1M (FY24: $13.6M).

• Basic EPS: 63.34 cents (FY24: 8.26 cents); diluted EPS: 62.87 cents.

• Total assets: $350.2M (+11.8%); cash and cash equivalents: $12.4M.

• Dividend of 20 cents per share paid; franking credits available: $168.6M.

Outlook and guidance

• Continued focus on exploration, development, and production at existing projects and pursuit of new opportunities.

• Golden Hind open pit mining scheduled for mid-2026; Hornet open pit production to commence FY26.