Tribune Resources Limited (TBR) AI Stock Analysis

• Market Cap: AU$317.43M
• Dividend Yield: 3.3%
• Average Volume (3M): 36.18K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.41
• Revenue Growth: 48.57%
• EPS Growth: 666.83%
• Country: AU
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.27
• Shares Outstanding: 52,468,080
• 10 Day Avg. Volume: 46,435
• 30 Day Avg. Volume: 36,179
• PEG Ratio: 0.01
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 1.55
• P/FCF Ratio: 14.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: AU$6.50 ▲(9.06% Upside)

The score is primarily supported by strong financial resilience (near-zero leverage) and an improved 2025 profitability backdrop, plus attractive valuation (low P/E and solid dividend yield). These positives are tempered by weaker near-term technical signals and historically volatile earnings/free cash flow typical of a commodity-exposed business.

Positive Factors

Balance Sheet Health

The company's near-zero leverage enhances financial flexibility, allowing it to withstand market volatility and invest in growth opportunities.

Revenue Growth

Strong revenue growth indicates robust demand for the company's products and effective operational strategies, supporting long-term sustainability.

Exploration and Production Expansion

Recommencement of exploration and production expansion efforts can enhance resource base and future revenue potential, strengthening market position.

Negative Factors

Earnings Volatility

Volatile earnings reduce predictability and consistency, potentially impacting investor confidence and long-term strategic planning.

Free Cash Flow Variability

Variability in free cash flow can limit the company's ability to fund new projects or return capital to shareholders, affecting growth prospects.

Corporate Governance Changes

Frequent changes in key governance roles can lead to instability and impact strategic continuity, affecting stakeholder confidence.

Tribune Resources Limited Business Overview & Revenue Model

Company Description

Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production of mineral properties in Australia. The company explores for gold and silver deposits. It holds 36.75% interest in the East Kundana joint venture and 24.5% interest in the West Kundana joint venture located in Western Australia; and 100% interest in the Seven Mile Hill project situated in Western Australia and the Japa concession located in Ghana, West Africa. The company also holds an interest in Diwalwal Gold Project situated in Mindanao, Philippines. The company was incorporated in 1988 and is based in South Perth, Australia.

How the Company Makes Money

Tribune Resources Limited generates revenue primarily through the extraction and sale of gold from its mining operations. The company is involved in the entire lifecycle of mining activities, including exploration to identify and assess potential mining sites, development of mining infrastructure, and production where gold is extracted and processed. The company sells its gold output to refineries and commodity traders, which constitutes the main revenue stream. Tribune Resources may also engage in joint ventures or strategic partnerships with other mining entities to optimize resource extraction and share operational risks and costs. Additionally, the company may generate ancillary revenue from the sale of by-products or through leasing or selling mining rights for certain tenements.

Tribune Resources Limited Financial Statement Overview

Summary

Overall, Tribune Resources Limited demonstrates a stable financial position with a strong balance sheet and positive cash flow generation. Despite a decline in revenue, the company has improved its profitability margins, indicating efficient cost management. The lack of debt enhances its financial stability, providing a solid foundation for future growth. However, the company should focus on revenue growth to further strengthen its financial performance.

Income Statement

Tribune Resources Limited has shown a mixed performance on the income statement. The gross profit margin improved significantly from 27.99% in 2022 to 56.95% in 2023, indicating better cost management. However, the company experienced a decline in revenue from 2022 to 2023, resulting in negative revenue growth. The net profit margin also saw improvement from 0.57% in 2022 to 4.01% in 2023. The EBIT margin decreased from 15.41% in 2022 to 14.68% in 2023, and the EBITDA margin slightly improved from 16.78% to 26.09%.

Balance Sheet

The company's balance sheet reflects strong equity with a debt-to-equity ratio of 0.00, indicating no reliance on debt financing. The equity ratio remained robust at 74.67% as of 2023. Return on equity (ROE) improved from 0.22% in 2022 to 1.85% in 2023, enhancing shareholder value. The company maintains a healthy balance sheet with a substantial proportion of equity financing.

Cash Flow

Tribune Resources Limited exhibits a strong cash flow position with significant growth in operating cash flow from 2022 to 2023. The free cash flow to net income ratio is favorable at 3.55, indicating efficient cash generation relative to net income. The operating cash flow to net income ratio is impressive at 10.79. However, the free cash flow growth rate from 2022 to 2023 was modest at 7.27%.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	160.34M	160.84M	107.90M	92.05M	124.06M	177.57M
Gross Profit	105.35M	105.85M	61.46M	25.78M	20.07M	104.70M
EBITDA	91.82M	107.76M	28.16M	20.82M	26.89M	110.92M
Net Income	33.24M	33.24M	4.33M	522.82K	1.80M	50.75M
Balance Sheet
Total Assets	350.22M	350.22M	313.23M	306.35M	330.09M	353.72M
Cash, Cash Equivalents and Short-Term Investments	12.45M	12.45M	8.91M	7.10M	6.84M	4.16M
Total Debt	0.00	0.00	0.00	45.93K	865.57K	3.32M
Total Liabilities	35.32M	35.32M	26.80M	16.36M	31.18M	48.12M
Stockholders Equity	258.37M	258.37M	233.87M	237.95M	248.22M	257.56M
Cash Flow
Free Cash Flow	16.92M	16.92M	15.39M	14.35M	18.44M	12.82M
Operating Cash Flow	71.75M	71.75M	46.76M	28.30M	37.82M	44.38M
Investing Cash Flow	-54.70M	-54.70M	-31.36M	-13.79M	-19.24M	-30.95M
Financing Cash Flow	-13.52M	-13.52M	-13.57M	-14.25M	-15.89M	-23.29M

Tribune Resources Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TBR, the sentiment is Positive. The current price of 5.96 is below the 20-day moving average (MA) of 6.05, below the 50-day MA of 6.10, and above the 200-day MA of 5.38, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.81 is Neutral, neither overbought nor oversold. The STOCH value of 64.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TBR.

Tribune Resources Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TBR	73 Outperform	AU$317.43M	9.55	13.71%	3.30%	48.57%	666.83%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
AAR	59 Neutral	AU$474.76M	-117.39	-4.34%	―	―	28.13%
WIA	54 Neutral	AU$723.02M	-128.21	-9.13%	―	―	-5.41%
DTR	52 Neutral	AU$965.66M	-69.15	-183.07%	―	―	70.81%
BTR	51 Neutral	AU$371.34M	-4.21	-42.80%	―	3078.36%	-93.66%
AUC	49 Neutral	€513.73M	-34.09	-11.99%	―	―	1.60%

Tribune Resources Limited Corporate Events

Tribune Resources Updates EKJV Exploration Report for FY2026 Q1

Tribune Resources Limited has replaced its previous EKJV Exploration Report for FY2026 Quarter 1 with a new version that includes additional disclosures for clarity, following discussions with the ASX. The updated report now features detailed information on cut-off grades and a revised plan view map showing all drillhole collars. The company has also removed any visual estimates from the report to comply with ASX listing rules, advising investors not to base decisions on the removed information.

Tribune Resources Appoints New Joint Company Secretary

Tribune Resources Limited has appointed Maddison Cramer as Joint Company Secretary, following Stephen Buckley’s resignation. Ms. Cramer’s extensive experience as a corporate lawyer and company secretary is expected to enhance the company’s communication with the ASX and strengthen its corporate governance.

Tribune Resources Announces Resignation of Company Secretary

Tribune Resources Limited announced the resignation of Stephen Buckley from his role as Company Secretary, effective at the end of November 30, 2025. The board expressed gratitude for his seven years of service and wished him success in future endeavors, indicating a transition in the company’s administrative team.

Tribune Resources AGM: Key Resolutions and Outcomes

Tribune Resources Limited held its Annual General Meeting where several resolutions were voted upon, including the adoption of the remuneration report and the re-election of a director. Notably, the renewal of proportional takeover provisions was passed as a special resolution, while the election of a non-board endorsed director was defeated. These outcomes may influence the company’s governance and strategic direction, impacting stakeholders’ interests.

Tribune Resources Declares AUD 0.20 Dividend for Shareholders

Tribune Resources Limited has announced a dividend distribution of AUD 0.20 per share for its ordinary fully paid securities. The dividend relates to the financial period ending on June 30, 2025, with a record date set for November 4, 2025, and payment scheduled for November 24, 2025. This announcement reflects the company’s financial health and commitment to providing returns to its shareholders, potentially enhancing its attractiveness to investors and reinforcing its position in the mining industry.

Tribune Resources Reports Steady Gold Production and Exploration Progress in Q3 2025

Tribune Resources Limited reported its quarterly performance for September 2025, highlighting the processing of 78,296 tonnes of ore, with Tribune’s share being 58,722 tonnes, resulting in the production of 6,818 ounces of gold. The company’s exploration activities in Ghana have recommenced, yielding significant drill results, and production has started at the Hornet Open Pit mine. These developments indicate a steady operational performance and expansion efforts, which could strengthen Tribune’s market position and benefit stakeholders.

Tribune Resources Limited Announces Annual General Meeting Details

Tribune Resources Limited has announced its upcoming Annual General Meeting, scheduled for 28 November 2025 at The Plaza Hotel in Kalgoorlie, Western Australia. Shareholders are encouraged to submit proxy forms and questions in advance to facilitate efficient management of the meeting. The company has provided online access to the Notice of Meeting, Explanatory Memorandum, and Annual Report, emphasizing the shift towards electronic communication in compliance with recent legislative amendments. Shareholders have the option to request hard copies if needed, highlighting the company’s commitment to accommodating shareholder preferences.

Tribune Resources Releases FY2026 Q1 EKJV Exploration Report

Tribune Resources Limited has released its Quarterly EKJV Exploration Report for FY2026 Quarter 1, detailing activities in the East Kundana Joint Venture (EKJV) area. The report, approved by the company’s board, highlights Tribune’s 36.75% stake in the venture, which is strategically positioned near Kalgoorlie, a significant mining hub. This exploration update is crucial for stakeholders as it provides insights into the company’s ongoing operations and potential future developments in the region.