METALLA REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2025 AND PROVIDES ASSET UPDATES

Core Insights - Metalla Royalty & Streaming Ltd. reported a record operating and financial quarter for Q3 2025, achieving revenue of $4.0 million, cash flow from operations of $2.6 million, and Adjusted EBITDA of $2.9 million, along with its first positive net income of $0.6 million [2][3][4] Financial Performance - Revenue from royalty interests for Q3 2025 was $4.0 million, compared to $1.622 million in Q3 2024, marking a significant increase [4] - Net income for Q3 2025 was $629 thousand, a turnaround from a loss of $1.169 million in Q3 2024 [4] - Adjusted EBITDA for Q3 2025 was $2.902 million, up from $930 thousand in Q3 2024 [4] - Total attributable Gold Equivalent Ounces (GEOs) for Q3 2025 were 1,155, compared to 648 in Q3 2024 [4] Asset Updates - Metalla acquired an additional 0.15% interest in the Net Smelter Returns (NSR) royalty on the Côté gold mine and Gosselin project for C$3.4 million, increasing its total ownership to 1.50% [3][21] - Rehabilitation activities at La Parrilla mine complex have restarted, with plans for a sulphide circuit expansion to 1,250 tonnes per day [3][26] - Sierra Madre Gold & Silver Ltd. plans a two-stage expansion at La Guitarra, increasing processing capacity from 500 tonnes per day to approximately 750-800 tonnes per day by Q2 2026 [3][17] - Hudbay Minerals announced a $600 million strategic investment from Mitsubishi for a 30% joint venture interest in Copper World [3][38] - Castle Mountain's Phase 2 project has been accepted into the FAST-41 program, which is expected to streamline the permitting process [3][35] Production Metrics - Average realized price per attributable GEO for Q3 2025 was $3,451, compared to $2,481 in Q3 2024 [4] - Average cash cost per attributable GEO for Q3 2025 was $8, down from $9 in Q3 2024 [4] - Operating cash margin per attributable GEO for Q3 2025 was $3,443, compared to $2,472 in Q3 2024 [4] Future Outlook - The company anticipates sustained long-term growth and compounding cash flow as its assets progress through development and into production [2]