Empress Royalty (EMPR) Q4 2025 earnings summary

Executive summary

• Achieved record-breaking revenue in 2025, doubling revenue year-over-year and generating strong cash flow.

• Strengthened balance sheet and executed disciplined strategy, positioning for continued growth in 2026.

Financial highlights

• Generated royalty and streaming revenue of US$17.2M, with gross profit of US$12.1M for 2025.

• Net income reached US$7.4M, up significantly from US$1.0M in 2024.

• Positive operating cash flow of US$3.7M and adjusted EBITDA of US$13.9M, reflecting high-margin operations.

Outlook and guidance

• Expects attributable gold equivalent ounces (GEOs) of 7,045 to 7,430 for fiscal 2026, based on conservative commodity price assumptions ($4,000/oz gold, $70/oz silver).

• Anticipates meaningful growth in attributable production, supported by key assets and optimization initiatives.

• Guidance assumes stable operator performance, no major disruptions, and no significant new acquisitions.