Empress Royalty Doubles Revenue and Reports Record Financial Results for Fiscal 2025

• Royalty and streaming revenue reached a record US$17.2M in fiscal 2025, producing a gross profit of US$12.1M
• Net income grew to US$7.4M from US$1.0M in fiscal 2024, a more than sevenfold increase year over year
• Adjusted EBITDA of US$13.9M reflects the high-margin nature of the company's streaming and royalty interests
• Positive operating cash flow of US$3.7M was maintained for the year
• Fiscal 2026 guidance targets 7,045 to 7,430 attributable gold equivalent ounces, based on assumed prices of US$4,000/oz gold and US$70/oz silver

Empress Royalty Corp. (TSXV: EMPR | OTCQX: EMPYF) is a Vancouver-based global royalty and streaming company providing investors with diversified exposure to gold and silver. The company invests in development and production-stage mining projects that require non-dilutive capital, receiving royalties or streams in return. Through a strategic partnership with Endeavour Financial, Empress accesses global investment opportunities and draws on mining finance expertise to structure its deals. The company operates through the royalty and streaming model with the stated goal of creating long-term value for its shareholders.

Record 2025 Financial Results and Strong Cash Generation

Empress closed fiscal 2025 with royalty and streaming revenue of US$17.2M, a record for the company and approximately double what it reported in fiscal 2024. Gross profit came in at US$12.1M, reflecting what management described as "the high-margin nature of the Company's streaming and royalty interests." Adjusted EBITDA for the full year stood at US$13.9M.

Net income reached US$7.4M, compared to US$1.0M in fiscal 2024. The company attributed the growth to rising production across its portfolio and stronger gold and silver prices during the year. Operating cash flow was positive at US$3.7M, which management cited as evidence of the company's continued focus on liquidity.

CEO and President Alexandra Woodyer Sherron commented:

"2025 was a transformational year for Empress, we doubled revenue, generated strong cash flow, and strengthened our balance sheet. We executed our strategy with discipline and focus, and our model delivered. With rising production and strong gold and silver prices, we enter 2026 from a position of strength, ready to redeploy capital with precision and continue building durable, value-accretive growth for our shareholders." 

2026 Guidance for Attributable Gold Equivalent Ounces

Empress uses attributable gold equivalent ounces, or GEOs, as its primary production metric. Since the company holds interests across both gold and silver, GEOs convert all metals into a single figure using a fixed price ratio, allowing for consistent tracking of production exposure across the portfolio regardless of commodity price movements on any given day.

For fiscal 2026, Empress is guiding for 7,045 to 7,430 attributable GEOs, calculated using assumed prices of US$4,000 per ounce for gold and US$70 per ounce for silver. This guidance reflects expectations of stable or improving operator performance across the portfolio, with no major acquisitions or disposals factored in beyond those already announced. The range incorporates potential optimisation initiatives and steady performance from existing portfolio holdings.

The company notes that guidance is subject to risks including commodity price volatility, operator-specific challenges such as production delays, geopolitical factors, and environmental considerations. Empress acknowledges that a shift in gold or silver prices would have a corresponding effect on GEO values and related revenue, and investors are directed to the full risk discussion in the company's 2025 Annual Information Form filed on Sedar+.

Strategic Portfolio Performance

The fiscal 2025 results reflect the contribution of the company's existing royalty and streaming interests. Rising gold and silver prices during the year, as noted by management, supported revenue and earnings growth across the portfolio. Empress's business model means that revenue is tied to the production volumes and metal prices of the underlying mining operations in which it holds interests.

The company's portfolio is described as diversified across gold and silver, with key assets contributing to the record revenue figure. Management noted that the 2025 outcome was based on a small number of investments alongside a significant upward trend in gold and silver prices, and acknowledged that there is no guarantee this trend will continue in 2026.

The company states it continues to actively evaluate new investment opportunities, consistent with its strategy of building a diversified, cash-generating portfolio through the royalty and streaming model.

Milestones and Next Steps

Fiscal 2025 marked a record year for Empress across revenue, net income, and EBITDA, with results filed on Sedar+ as of 27 February 2026. Looking ahead, the company's 2026 GEO guidance of 7,045 to 7,430 ounces reflects management's current expectations based on existing portfolio performance and operator forecasts. Empress has committed to reviewing and updating its outlook quarterly or when material events occur, including new acquisitions or significant changes in commodity prices or operator performance. The company states it remains focused on disciplined growth and capital allocation within the streaming and royalty sector.

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