Triple Flag Precious Metals (TFPM) investor relations material

Executive summary

• Achieved record Q1 2026 results with 30,166 GEOs sold, $147.0 million revenue, $116.93 million net earnings, $129 million adjusted EBITDA, and $0.55 operating cash flow per share, reflecting significant year-over-year growth across all key metrics.

• Portfolio assets outperformed expectations, with major growth projects and expansions underway at Northparkes, Hope Bay, Beta Hunt, Koné, Fosterville, and Arthur.

• Strategic acquisitions included a 3% gross revenue royalty on the Gunnison copper project for $23 million, expanding U.S. copper exposure.

• Declared a quarterly dividend of $0.0575 per share, with annual increases since IPO, and active share buybacks under NCIB.

Financial highlights

• Revenue reached $147.0 million, up from $82.2 million year-over-year; net earnings rose to $116.93 million from $45.52 million.

• Adjusted EBITDA was $129 million, up 82% year-over-year; adjusted EPS rose 125% to $0.45.

• Operating cash flow per share increased to $0.55 from $0.33 year-over-year.

• Ended the quarter with $144 million in cash, no debt, and over $1.1 billion in available liquidity.

• Gross profit margin improved to 72%, and asset margin held steady at 93%.

Outlook and guidance

• Maintained 2026 GEOs sales guidance of 95,000–105,000 ounces and 2030 outlook of 140,000–150,000 GEOs.

• Significant additional GEOs growth expected beyond 2030 from long-life, district-scale assets.

• Multiple construction and expansion catalysts expected to drive robust GEOs growth, including Hope Bay, Beta Hunt, Buritica, Koné, and Fosterville.

• Over $1.1 billion in available liquidity supports ongoing deal pipeline and disciplined shareholder returns.