Empress Royalty (EMPR) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 increased by nearly 230% year-over-year, reflecting disciplined execution and increased production.

• Achieved positive operational cash flow, highlighting the strength of the business model and sustainable returns.

Financial highlights

• Total royalty and stream revenue for the six months ended June 30, 2025, was US$6.55M; total net revenue was US$4.48M.

• Net income reached US$1.58M, a turnaround from a US$0.99M net loss in the same period of 2024.

• Adjusted EBITDA for the six-month period was US$3.90M.

• For Q2 2025, royalty and stream revenue was US$3.81M, with net revenue of US$2.62M.

• Positive operating cash flow of US$4.55M for the six-month period.

Outlook and guidance

• Focus remains on responsible growth, prudent investment, and advancing new opportunities to broaden the portfolio and deliver long-term value.

• Management anticipates continued value creation through royalty and streaming models and strategic partnerships.