TNC
True North Copper
Materials
True North Copper is an ASX-listed copper-focused exploration company with a portfolio of assets in the Mt Isa Inlier, North West Queensland, Australia. The company is focused on critical minerals, primarily copper, necessary for clean energy and advanced technologies, with major projects including the Mt Oxide Project and the Cloncurry Project.
Short position
short percentage0.00%
reported shorts5K
shares on issue190.500M
True North Copper (ASX:TNC) has 0.00% of its shares on issue reported as short positions as of 1 Oct 2026, or about 4,970 shares. Over the past 30 days that figure has been broadly flat, and over 90 days it has been broadly flat. Its highest recorded short interest was 0.38% in December 2025. TNC is classified in the Materials industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
Price & short interest
Toggle series, zoom, and compare · ASIC daily, T+4True North Copper (TNC) financials
Results, ratios and statements
Latest result
Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency
- Revenue
- $0M (source: ASX (Markit))vs $16.4MM (source: ASX (Markit)) (FY25)
- ASX (Markit), as at 29 Sep 2026
- NPAT
- −$957.0KM (source: ASX (Markit))vs −$28.4MM (source: ASX (Markit)) (FY25)
- ASX (Markit), as at 29 Sep 2026
- EPS (diluted)
- −$0.007T (source: Derived: trailing 12 months at year end)vs −$0.41 (FY25)
- Derived: trailing 12 months at year end, as at 29 Sep 2026
- Rev YoY
- n/mFY
- EPS YoY
- n/aTTM
- ASX (Markit)
- Derived: trailing 12 months at year end
Key ratios
Year to 30 Jun 2026 (FY); no balance sheet aligned with this period; prices to 9 Oct 2026
- Gross margin
- n/a
- Operating margin
- n/a
- Net margin
- n/a
- FCF margin
- n/a
- ROE
- n/a
- ROA
- n/a
- FCF conversion
- n/a
- Net debt (excl. leases)
- n/a
- Net debt / EBITDA
- n/a
- Current ratio
- n/a
- Interest cover
- −17.7×
- Cash dividends paid / net profit
- n/a
- Market cap
- n/a (listed unit is not one ordinary share)
- P/E
- n/a (listed unit is not one ordinary share)
- P/B
- n/a (listed unit is not one ordinary share)
Ratios use the reporting currency (AUD); market cap is in AUD. Sources: ASX (Markit) and Derived: trailing 12 months at year end, as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $0M (source: ASX (Markit)) | $16.4MM (source: ASX (Markit)) | $2.4M | $1.5M |
| Gross profit | −$33.0KT (source: Derived: trailing 12 months at year end) | n/a | $497.6K | $1.2M |
| Operating income | −$6.9MT (source: Derived: trailing 12 months at year end) | n/a | −$22.2M | −$27.1M |
| EBITDA | −$571.0KT (source: Derived: trailing 12 months at year end) | n/a | −$21.5M | −$33.8M |
| EBIT | −$956.0KT (source: Derived: trailing 12 months at year end) | n/a | −$21.8M | −$33.9M |
| Interest expense | $389.0KT (source: Derived: trailing 12 months at year end) | n/a | $3.3M | $98.7K |
| Pretax income | −$1.3MT (source: Derived: trailing 12 months at year end) | n/a | −$25.1M | −$34.0M |
| Tax | −$388.0KT (source: Derived: trailing 12 months at year end) | n/a | $0 | $0 |
| NPAT | −$957.0KM (source: ASX (Markit)) | −$28.4MM (source: ASX (Markit)) | −$25.1M | −$34.0M |
| Net interest income | $602.0KT (source: Derived: trailing 12 months at year end) | n/a | −$3.0M | −$98.3K |
| EPS basic | −$0.007T (source: Derived: trailing 12 months at year end) | −$0.41 | −$4.50 | −$16.94 |
| EPS diluted | −$0.007T (source: Derived: trailing 12 months at year end) | −$0.41 | −$4.50 | −$16.94 |
| Shares | n/a | n/a | 10.3M | 5.0M |
- ASX (Markit)
- Derived: trailing 12 months at year end
Financial reports
The company's own filings, newest first
- Annual Report to shareholdersAnnual Report14 Sep 2026via asx_announcements
- Half Year AccountsHalf Year Results9 Mar 2026via asx_announcements
- October 31, 2025 September Quarter update – discovery, growth & strategic progress The September Quarter delivered strong exploration results across our Mt Oxide and Cloncurry Projects with A$8.2 million in cash – reinforcing True North’s growth strategy and positioning the Company for a strong FY26. Read the full Quarterly Activities ReportQuarterly Report31 Dec 2025via crawler
- December 4, 2025 Cloncurry Copper Project Commences Robust and Right-sized Pre-Feasibility Study PFS for the Cloncurry Copper Project has commenced, supported by strong 2025 drilling results at Wallace North and the Great Australia Mine. Read the full ASX AnnouncementFinancial Report31 Dec 2025via crawler
- November 25, 2025 Aquila reaches 900m strike as Mt Oxide continues to grow Aquila has now reached 900m+ strike length with multiple high-grade shoots now defined. This puts it on par with the Vero deposit, reinforcing Mt Oxide as a multi-deposit copper district in the world-class Mt Isa Inlier. Read the full ASX AnnouncementFinancial Report31 Dec 2025via crawler
- November 18, 2025 Aquila delivers 7m @ 7.9% Cu TNC has hit one of the strongest copper intercepts from a new Australian discovery this year – 7 metres at 7.9% copper within a broader 59-metre zone averaging 1.77% copper. The Aquila mineralised trend now extends over 700 metres and remains open in all directions. Phase 2 drilling is complete with further assay results pending and the 2026 follow-up program now in planning. Read the full ASX AnnouncementAnnual Results31 Dec 2025via crawler
- November 11, 2025 Investor Update Presentation With a proven team and strong backing from leading institutional investors, True North is Queensland’s next Copper Growth Opportunity. Our strategy: DEVELOP near-term cashflow at the Cloncurry Copper Project | GROW Mt Oxide | DISCOVER regional targets. View our latest Investor UpdateAnnual Results31 Dec 2025via crawler
- November 4, 2025 True North extends Mt Oxide copper discovery strike to beyond 500m Drilling along the +1.3km Aquila Trend has extended the system 400m north, now spanning over 500m of strike – confirming Mt Oxide as a new, large-scale copper system with significant potential for further growth. Read the full ASX AnnouncementFinancial Report31 Dec 2025via crawler
- September 29, 2025 2025 Annual Report TNC is pleased to release its 2025 Annual Report to Shareholders. It has been a transformational year for the Company – now lender-debt free, discovery-driven, and strategically focused on unlocking shareholder value. Exploration success at Cloncurry has strengthened confidence in the potential to restart operations – while Mt Oxide remains a priority growth engine. Read the full Annual ReportAnnual Report31 Dec 2025via crawler
- October 29, 2025 Drilling confirms IOCG targets at Salebury Drilling results have confirmed signs of a large IOCG system within our Cloncurry regional target zone, with copper sulphides and geochemistry consistent with halos of Ernest Henry, approx. 30km away and only 20km from our Cloncurry Copper Project. Read the full ASX AnnouncementFinancial Report31 Dec 2025via crawler
Showing 10 of 28 reports