Quarterly ResultMay 14, 2026, 04:34 PM
Metalla Royalty Q1 Revenue +78% to $3.1M; Net Income $0.1M
AI Summary
Metalla Royalty & Streaming Ltd. reported a strong first quarter for 2026, with revenue from royalty and stream interests increasing by 78% to $3.1 million. The company achieved a net income of $0.1 million, a significant improvement from a net loss of $0.7 million in the prior year period. Adjusted EBITDA also saw substantial growth, rising 115% to $1.9 million. The company also reached an agreement to eliminate future contingent milestone payments related to the Hoyle Pond, Timmins West Extension, and DeSantis mines for a cash payment of C$1.25 million.
Key Highlights
- Revenue from royalty and stream interests increased 78% to $3.064 million in Q1 2026.
- Net income was $0.111 million, a significant improvement from a net loss of $0.731 million in Q1 2025.
- Adjusted EBITDA rose 115% to $1.9 million for the three months ended March 31, 2026.
- Basic and diluted earnings per share were $0.001, up from $(0.01) in the prior year period.
- Net cash provided by operating activities increased to $1.023 million from $0.631 million year-over-year.
- The company has $13.1 million drawn on its revolving credit facility, with $26.9 million of availability.
- Metalla agreed to pay C$1.25 million ($0.9 million USD) to eliminate future Hoyle Pond milestone payments.
- Total assets were $270.033 million as of March 31, 2026, slightly down from $270.866 million.