Tetragon's earnings call highlighted strong financial metrics and investment performance, particularly in NAV growth and returns from key investments like Equitix and Ripple Labs. However, challenges such as a negative cash position and losses in certain asset classes like bank loans and real estate were noted. Despite these lowlights, the overall sentiment leans towards positive due to the substantial achievements and returns reported.

Company Guidance -

Q2 2025

During Tetragon's Investor Call for the fiscal year 2024, several key metrics were highlighted to provide guidance on the company's performance and future expectations. The fully diluted NAV per share was reported at $35.43 as of December 31, 2024, reflecting a NAV per share total return of 15.4% for the year. Since its IPO in 2007, Tetragon has achieved an annualized NAV per share total return of 10.8%. The return on equity (ROE) for 2024 was 14.6%, with an average ROE since the IPO of 11.4%, which aligns with the target range of 10% to 15%. Tetragon declared a dividend of $0.11 for the fourth quarter of 2024, amounting to a total annual dividend of $0.44, yielding approximately 3.1% based on the year-end share price of $14. Additionally, the company returned around $25 million to shareholders through a tender offer in April. The NAV bridge demonstrated a growth from $31.13 at the end of 2023 to $35.43 at the end of 2024, driven by investment income and offset by operating expenses and share repurchases. The company has returned approximately $1.75 billion to investors through dividends and share buybacks since inception.

Strong NAV Per Share Growth

Tetragon reported a fully diluted NAV per share of $35.43 at the end of 2024, with a NAV per share total return of 15.4% for the year.

Significant Return on Equity

The company achieved a return on equity (ROE) of 14.6% for 2024, net of all fees and expenses, within the target range of 10% to 15%.

Robust Performance from Key Investments

Major contributors to the $575 million gross profit included $280 million from Equitix, $153 million from Ripple Labs, and $126 million from an Australian gold mining company.

Private Equity and Venture Capital Growth

Private equity and venture capital investments produced gains of $285 million, driven by Ripple Labs and Hawke's Point funds.

Strong Asset Management Performance

TFG Asset Management recorded an investment gain of $300 million, with significant contributions from Equitix ($280 million) and BGO ($36 million).

Tetragon Financial (GB:TFG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:TFG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2025	2025 (Q2)	- / -	0.381	―	―	―
Mar 05, 2025	2024 (Q4)	- / 3.90	1.23	217.15% (+2.67)	―	―
Oct 29, 2024	2024 (Q3)	- / -	0.47	―	―	―
Jul 31, 2024	2024 (Q2)	- / 0.38	0.47	-18.94% (-0.09)	―	―
Mar 04, 2024	2023 (Q4)	- / 1.23	1.372	-10.35% (-0.14)	―	―
Oct 31, 2023	2023 (Q3)	- / -	-1.676	―	―	―
Jul 31, 2023	2023 (Q2)	- / 0.47	-1.676	128.04% (+2.15)	―	―
Mar 03, 2023	2022 (Q4)	- / 1.37	4.319	-68.23% (-2.95)	―	―
Jul 29, 2022	2022 (Q2)	- / -1.68	0.358	-568.16% (-2.03)	―	―
Mar 07, 2022	2021 (Q4)	- / 4.32	2.767	56.09% (+1.55)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:TFG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 05, 2025	$15.17	$15.37	+1.32%
Oct 29, 2024	$12.06	$12.36	+2.49%
Jul 31, 2024	$9.90	$9.90	0.00%
Mar 04, 2024	$9.16	$9.16	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tetragon Financial Group LTD (GB:TFG) report earnings?

Tetragon Financial Group LTD (GB:TFG) is schdueled to report earning on Jul 29, 2025, Before Open (Confirmed).

What is Tetragon Financial Group LTD (GB:TFG) earnings time?

Tetragon Financial Group LTD (GB:TFG) earnings time is at Jul 29, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Tetragon Financial Group LTD stock?

The P/E ratio of Tetragon Financial is N/A.

What is GB:TFG EPS forecast?

Currently, no data Available

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