Empress Royalty (EMPR) Q1 2025 earnings summary

Executive summary

• Royalty and streaming revenue for Q1 2025 was nearly 2.8 times higher than Q1 2024, driven by increased production and favorable gold and silver prices.

• Positive operational cash flow and robust financial performance reflect the strength of the business model and strategic portfolio expansion.

Financial highlights

• Royalty and stream revenue reached US$2.74M; total revenue was US$1.85M for Q1 2025.

• Positive operating cash flow of US$1.75M achieved in Q1 2025.

• Adjusted EBITDA was US$1.39M; net income was US$0.44M, reversing a US$0.53M net loss in Q1 2024.

Outlook and guidance

• Continued focus on expanding the portfolio through disciplined, strategic investments to build long-term shareholder value.

• Management anticipates future growth and the creation of new streams or royalties, supported by ongoing project development and expansion.