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Triple Flag Precious Metals (TFPM) investor relations material
Triple Flag Precious Metals Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary5 Nov, 2025
Executive summary
Achieved record Q3 2025 results with 27,037 GEOs, adjusted EBITDA of $79M, and operating cash flow of $81.4M, with adjusted EPS up 71% year-over-year.
Deployed over $350 million in capital year-to-date, including new royalties and streams on gold, silver, copper, and lithium assets.
Shareholders benefited from higher gold prices, with cash flow per share up over 25% year-over-year.
Several assets reached first production in H2 2025, including lithium, copper, and gold projects.
Declared a quarterly dividend of $0.0575 per share, payable December 15, 2025.
Financial highlights
Q3 2025 revenue was $93.5M, up from $73.7M in Q3 2024; net earnings rose to $61.9M, and adjusted net earnings were $49.3M.
Adjusted EBITDA reached $78.5M, up 27% year-over-year; operating cash flow was $81.4M, up 32% year-over-year.
Gross profit margin was 69% in Q3 2025, up from 50% in Q3 2024; asset margin improved to 93%.
Declared a quarterly cash dividend of $5.75 US per share.
Ended the quarter with essentially zero net debt and a net cash position, with total liquidity of nearly $1 billion.
Outlook and guidance
2025 GEOs sales guidance is 105,000 to 115,000 ounces, with expectations to achieve between the midpoint and high end.
2029 outlook targets 135,000-145,000 GEOs, driven by ramp-up of new and existing assets.
Near-term catalysts include ramp-up at Johnson Camp, Trey Crucus, and Arcata, with project studies for Arthur and Hope Bay due in H1 2026.
Arcata stream deliveries expected to begin in Q4 2025; Koné project targeting production in 2027.
General administration costs in 2025 expected to exceed $25 million guidance due to non-cash stock-based compensation.
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Next Triple Flag Precious Metals earnings date
Q4 202525 Feb, 2026
Next Triple Flag Precious Metals earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
Triple Flag Precious Metals Corp. is a precious metals streaming and royalty company focused on providing financing solutions to mining companies in exchange for rights to a percentage of the production or revenue from precious metals mines. The company’s portfolio primarily includes gold and silver streams and royalties, with assets in mining operations across the Americas and other regions. Triple Flag partners with mining companies to support their development and operations while securing long-term value from metal production. The company is headquartered in Toronto, Canada, and its shares are listed on the TSX.
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