Ben Cleary, Portfolio Manager, and Todd Warren, Partner, provides an investment update, recent performance and the market outlook.
TGF has declared a fully franked final dividend of 5 cents per share for FY25 and an on-market buyback of up to 10% of shares on issue. The latter has the potential to deliver more than A$50m in accretion to shareholders – a goal that the Board and Management remain committed to.
The Company’s FY25 return of 3.2% comfortably outperformed all major natural resources indices, with the MSCI Commodity Producers Index, S&P GSCI, ASX Resources Index and Bloomberg Energy Commodity Index down 4%, 6%, 8% and 12%, respectively. Calendar-year-to-date the Company has delivered pre-tax returns of approximately 20%.
There are four tailwinds for TGF in FY26:
- Commodities increasingly strategic: critical minerals bull market fuelled by US energy and defence security push
- China policy pivot: “Anti-Involution” policies, mega infrastructure and potential fiscal stimulus all positive for the sector
- Fundamentals remain strong: demand continues to grow, supply issues remain acute, geopolitics at the fore
- Flow coming back into under-owned sector: rotation out of ESG and digital assets to reverse dislocation
Please click on the links below to access the August 2025 Investor Update for Tribeca Global Natural Resources (ASX:TGF), which has been lodged with the Australian Stock Exchange (ASX).