Our Performance
Performance Built on Discipline
We measure success not by short-term performance, but by enduring growth in net tangible assets (NTA) and the ability to compound shareholder wealth across cycles.
425.2 c
NTA before tax on
unrealised gains
unrealised gains
as at 31 August 2026
357.0 c
NTA After tax on
unrealised gains
unrealised gains
as at 31 August 2026
$2.90
Share Price
as at 08 August 2026
31.8%
Discount to NTA
as at 31 August 2026
Why Invest in Global Masters?
The benefits for investors in the company include:
Long-Term Focus
We think in decades, not quarters. Our perspective and patience allow quality businesses to perform, adapt, and deliver compounding returns across market cycles
Reinvestment
By adopting a no-dividend policy, we reinvest all earnings to maximise compounding growth.
Tax Efficiency
Our structures and policies provide tax benefits, allowing for compounding without the immediate tax impact on dividends.
Quality First
We invest only in enduring, well-managed businesses with the capacity to compound value through time.
Access
Cost-effective access to high-quality global investments, applying the same quality-first discipline.
Governance
A lean but experienced board ensures active monitoring, clear accountability, and decisive risk control.
Investment Policy
Our Objectives
We exist to compound shareholder capital over the long term. These objectives govern every investment decision we make.
Grow Capital Without Gearing
To primarily retain and reinvest earnings so that Shareholders' capital compounds within the Company;
Preserve Value After Inflation
To grow the net tangible asset backing per share ahead of inflation over the medium to long term; and
Own Quality Global Businesses
To maximise long-term capital growth through responsible investment in high-quality, global companies.
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