Vox Royalty (VOXR) Investor presentation summary

Capital structure and portfolio overview

• Share price at $6.28 with a market capitalization of $433M and 68.9M shares issued as of May 2026.

• Portfolio is 92% weighted to gold, with significant exposure in Australia (67%) and North America (20%).

• Cash position of $15.9M and no debt, with a $75M undrawn credit facility.

• Key shareholders include major institutions and index funds, with management and board holding over 10%.

• Portfolio includes 12 producing assets, with meaningful organic growth expected.

Growth, acquisitions, and financial performance

• Achieved 50% growth in annual receipts in 2025, reaching $16.6M.

• Invested $75M in 2025, acquiring 13 assets through 4 accretive deals.

• Full debt repayment and inclusion in major indices like Russell 2000 and GDXJ.

• 2026 guidance increased to $32M–$37M in receipts, representing 100% growth from 2025.

• Track record of high returns on royalties, with multiples up to 14x on invested capital.

Competitive advantages and business model

• Utilizes a proprietary global database of 8,500+ royalties for deal sourcing and analysis.

• Data-driven analytic engine enables efficient, high-speed screening and capital-light operations.

• Global network of deal sourcing agents provides access to unconventional royalty holders.

• Business model is scalable and capital-efficient, supporting consistent dividend growth.