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Tetragon Financial Group LTD (NL:TFG)
:TFG
Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
4.36Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents strong operational and investment performance — notably a 19.6% NAV total return for 2025, ROE of 23.4%, and material gains from Equitix, Ripple and Hawke's Point — together with significant near-term cash inflows from the BGO sale enabling buybacks and debt reduction. However, the company faces material headwinds: large CLO/LCM losses and AUM declines, a negative net cash/leverage position prior to BGO proceeds, persistent and large share-price discount to NAV (~58.6%), and recurring dilution and fee/interest drags on NAV. Overall, the positives in realized and unrealized investment gains and the expected BGO proceeds are strong, but structural market sentiment (the discount) and credit-related losses remain important challenges.Company Guidance
Strong NAV and Total Return
Fully diluted NAV per share of $41.88 at 31-Dec-2025; NAV per share total return of 19.6% for 2025 and an annualized NAV per share total return of 11.2% since IPO.
High Investment Returns (ROE)
Return on equity (net of fees and expenses) of 23.4% for 2025; long-term average ROE since IPO of 12.1% (in target range 10%–15%).
Material Positive Contributors — Equitix, Ripple and Hawke's Point
Equitix: $432.2M gain (sale of 16.1% stake to Hunter Point at implied enterprise value GBP 1.3B). Ripple: ~$333M gain (private share price moved from $64.50 to $150; multiple tender offers at $125/$175/$250; $65.7M cash received from tenders). Hawke's Point funds: $260M gains (led by Ora Banda). These three were the principal drivers of 2025 investment performance.
Private Equity / Venture Capital and Equity Fund Gains
Private equity & venture capital gains of ~$342M and private equity/asset management gains of ~$355M; equity funds gained ~$296M (Hawke's Point resource finance and co-investments were major drivers). Private equity & VC allocation increased to 21% of NAV from 17%.
Realized and Near-Term Cash Inflows
Received $711.6M of cash from distributions and sale proceeds during 2025; BGO (BentallGreenOak) post-year-end call proceeds expected to be ~ $475M gross, plus a $155M payment (accretive to December NAV).
Capital and Liquidity Actions
Credit facility increased to $500M (from $400M) and maturity extended to 2034; management announced a $50M share buyback using BGO proceeds and intends to use remaining proceeds to pay taxes and reduce debt.
Active Portfolio Rebalancing
Portfolio mix shifted away from CLO/bank loans (credit funds portion reduced to ~5% of NAV from 9%) toward private equity/asset management (Tetragon Partners ~42%) and equities (equity funds 22% from 20%), reflecting strategic reallocation.
NL:TFG Earnings History
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
NL:TFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $14.10 | $14.05 | -0.35% |
Jul 29, 2025 | $16.74 | $16.74 | 0.00% |
Mar 05, 2025 | $14.79 | $15.17 | +2.63% |
Oct 29, 2024 | $12.01 | $12.25 | +2.01% |
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 (NL:TFG) report earnings?
Tetragon Financial Group LTD (NL:TFG) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Tetragon Financial Group LTD (NL:TFG) earnings time?
Tetragon Financial Group LTD (NL:TFG) earnings time is at Jul 29, 2026, 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 NL:TFG EPS forecast?
Currently, no data Available