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Global Masters Fund Limited (ASX:GFL)

ALERT: Price-sensitive ASX Announcement for GFL
Current share price for GFL : $2.910 -0.82 (-21.98%)+
Announcement
Release
25 Nov 2025 2:52PM
Price at Release
$3.730
Full Release
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Summary
In the Chairman's Address for the 2024/2025 financial year, Global Masters Fund Limited (GFL) reported a strong performance with a total return of 19.8%, outperforming the MSCI World Index by 3.4 percentage points. The company highlighted the significant contributions from its investments, particularly in Berkshire Hathaway and the ECP Global Growth Fund. GFL navigated a complex market landscape, characterized by concentrated market gains in technology and emerging structural themes like AI and energy transitions. The company remains committed to its investment philosophy of focusing on businesses with strong cash generation and competitive advantages. GFL plans to maintain its no-dividend policy to maximize long-term wealth creation, while strategically investing in new funds and reducing its Berkshire Hathaway holdings.
Key Points
  • GFL delivered a 19.8% total return for the financial year 2024/2025.
  • Outperformed the MSCI World Index by 3.4 percentage points.
  • Cornerstone investment in Berkshire Hathaway continued to perform well.
  • Currency movements added a 1.3% tailwind.
  • The ECP Global Growth Fund returned 22.0%.
  • GFL navigated a market with concentrated gains and structural shifts.
  • Maintained no-dividend policy for long-term wealth creation.
  • Invested in ECP Private Growth Fund and Resilient Quality Funds.
  • Strategic reduction in Berkshire Hathaway holdings planned.
  • Commitment to disciplined active management without relying on mega-cap tech stocks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.