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Global Masters Fund Limited (ASX:GFL)

ALERT: Price-sensitive ASX Announcement for GFL
Current share price for GFL : $2.910 -0.31 (-9.63%)+
Announcement
Release
23 Feb 2026 5:24PM
Price at Release
$3.220
Full Release
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Summary
The Appendix 4D Statement for Global Masters Fund Limited for the half-year ended 31 December 2025 reveals a significant decrease in net profit after tax by $366,805 compared to the prior period, attributed to reduced performance from the UK portfolio. Despite a focus on long-term capital growth, which remains a key metric for the company, the portfolio performance was only 0.1% for the six-month period, underperforming the MSCI Index in AUD, which increased by 8.4%. The company's major investment, Berkshire Hathaway, has not yielded dividends, and thus, no dividend was declared for this period. Operating revenue increased by 17%, but operating profit after tax suffered a 93.1% decline. The Net Tangible Assets per share decreased by 7.2% to 479.5 cents. The document also notes a comprehensive income decrease by $7,515,964, reflecting a drop in asset value recognized against equity compared to the previous year.
Key Points
  • Net profit after tax decreased by $366,805 compared to the prior period.
  • Operating revenue increased by 17% while operating profit after tax declined by 93.1%.
  • No dividend declared due to major investment in non-yielding Berkshire Hathaway.
  • Net Tangible Assets per share decreased by 7.2% to 479.5 cents.
  • Portfolio performance was 0.1%, underperforming the MSCI Index increase of 8.4%.
  • Comprehensive income decreased by $7,515,964 compared to the prior year.
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.