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Majestic Gold (MJS) investor relations material
Majestic Gold Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for the nine months ended September 30, 2025, rose 22.5% year-over-year to $63.7 million.
Gross profit increased 19.9% to $33 million compared to the same period last year.
Net income declined 9.7% year-over-year to $15.2 million.
Gold production fell 6.3% to 22,643 ounces for the nine-month period.
Financial highlights
Adjusted EBITDA for the nine months was $32.7 million, up from $28.7 million year-over-year.
Cash flow from operating activities decreased 8.8% to $17.6 million.
Cash and cash equivalents stood at $104.6 million as of September 30, 2025, up from $100.7 million at FYE2024.
Working capital decreased to $68 million from $86.3 million at FYE2024.
Segment performance
Gold sold in the nine months was 20,399 ounces, down from 22,256 ounces year-over-year.
Average realized gold price increased to $3,084/oz from $2,309/oz year-over-year.
- Q3 revenue and net income surged, with record gold output, first dividend, and a key acquisition.MJS
Q3 202324 Mar 2026 - Revenue and net income surged on higher gold prices, with a special dividend declared.MJS
Q2 202424 Mar 2026 - FY2024 net income rose 68% to $20.5M, with revenue up 29% to $71M on higher gold prices.MJS
Q4 202424 Mar 2026 - Revenue and net income surged on higher gold output and prices, despite rising costs.MJS
Q1 202524 Mar 2026 - Revenue up 27% to $42.7M, but net income down 9% to $10.1M as costs per ounce rose.MJS
Q2 202524 Mar 2026 - High-margin gold producer with robust cash, ongoing expansion, and strong shareholder returns.MJS
Corporate presentation24 Mar 2026
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