Empress Royalty (EMPR) Q1 2026 earnings summary

Executive summary

• Achieved record quarterly revenue of $9.06M and gross profit of $6.75M for Q1 2026, more than tripling revenue and nearly quadrupling gross profit year-over-year.

• Net income rose to $3.30M from $2.80M in Q1 2025, reflecting substantial earnings growth.

• Liquid metals holdings increased by $11.09M, reaching $19.40M, strengthening the balance sheet.

• Maintained high-margin operational efficiency with adjusted EBITDA of $5.79M.

Financial highlights

• Revenue for Q1 2026 was $9.06M, up from $2.70M in Q1 2025.

• Gross profit reached $6.75M, compared to $1.80M a year earlier.

• Net income increased to $3.30M, up from $2.80M year-over-year.

• Adjusted EBITDA for the quarter was $5.79M.

• Cash and metals holdings totaled $19.40M at quarter-end.

Outlook and guidance

• Reaffirmed full-year 2026 guidance, expecting attributable gold equivalent ounces (GEOs) between 7,045 and 7,430.

• Guidance based on stable or improving operator performance, no major disruptions, and current commodity prices ($4,000/oz gold, $70/oz silver).

• Anticipates annual revenue increases if metals prices remain strong or portfolio expands.

• Quarterly reviews and updates to outlook planned as material events occur.