Quarterly ResultMay 13, 2026, 04:46 PM
Elemental Royalty Q1 Revenue $24.3M (+109%); Net Income $1.08M
AI Summary
Elemental Royalty Corp. reported a strong Q1 2026 with revenue increasing by 109% to $24.3 million, driven by higher metal prices and contributions from a broader asset base. Despite this, net income decreased to $1.08 million from $3.45 million in Q1 2025, and basic EPS fell to $0.02. The company enhanced its financial capacity by upsizing its revolving credit facility to $150 million and declared an inaugural annual dividend of $0.12 per share.
Key Highlights
- Revenue increased 109% to $24.3 million in Q1 2026 from $11.6 million in Q1 2025.
- Net income decreased to $1.08 million in Q1 2026 from $3.45 million in Q1 2025.
- Basic earnings per share (EPS) was $0.02 in Q1 2026, down from $0.14 in Q1 2025.
- Cash and cash equivalents rose to $69.1 million as of March 31, 2026, from $53.1 million.
- Operating cash flow increased to $14.5 million in Q1 2026 from $2.4 million in Q1 2025.
- Upsized revolving credit facility to $150 million with a $50 million accordion feature.
- Declared an inaugural annual dividend of $0.12 per share, payable quarterly.
- Gross profit increased to $15.7 million in Q1 2026 from $6.3 million in Q1 2025.