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Tribeca Global Natural Resources Ltd (ASX: TGF) Investor Update August 2025

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).

 

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