GROY-WT · Gold Royalty Corp.

Summary

Gold Royalty Corp. reported record 2025 full-year revenue of $15.6 million, $17.8 million in Total Revenue, Land Agreement Proceeds and Interest, positive operating cash flow of $6.2 million, and Adjusted EBITDA of $9.8 million for 5,173 GEOs. The company exited 2025 with over $12 million cash, no debt, and guided 7,500-9,300 Total GEOs for 2026 representing over 60% midpoint growth.

Key takeaways

• FY2025 revenue $15.6 million vs $10.1 million prior year
• FY2025 Total Revenue, Land Agreement Proceeds and Interest $17.8 million vs $12.8 million prior year
• FY2025 operating cash flow $6.2 million vs $2.5 million prior year
• FY2025 Adjusted EBITDA $9.8 million vs $4.8 million prior year
• Exited 2025 with >$12 million cash, no debt, $150 million undrawn credit facility as of February 19, 2026
• 2026 Total GEOs guidance 7,500-9,300 (midpoint >60% growth from FY2025 5,173 GEOs)