Sailfish Reports Q3 2025 Results

Core Insights - Sailfish Royalty Corp. reported strong financial results for Q3 2025, with significant increases in revenues and net income compared to the same period in 2024 [2][3][4]. Financial Performance - Revenues for Q3 2025 reached $879,473, up from $730,024 in Q3 2024, representing a 20.4% increase [3]. - Gross profit for Q3 2025 was $764,206, compared to $454,040 in Q3 2024, marking a 68.2% increase [3]. - The company achieved a net income of $1,724,494 in Q3 2025, a significant turnaround from a net loss of $137,648 in Q3 2024 [3][8]. - Basic loss per share improved to $0.02 in Q3 2025 from a loss of $0.00 in Q3 2024 [3]. Year-to-Date Performance - For the nine months ended September 30, 2025, total revenues were $2,179,871, slightly up from $2,114,221 in the same period of 2024 [3]. - Gross profit for the nine months was $2,014,024, compared to $1,267,809 in the previous year, reflecting a 58.6% increase [3]. - Net income for the nine months was $1,834,093, compared to $1,151,857 in the same period of 2024 [3][8]. Royalty and Stream Interests - Royalty revenue for Q3 2025 was $430,334, up from $211,942 in Q3 2024 [8]. - Gold ounces earned from stream interests were 25 for Q3 2025, down from 215 in Q3 2024, while silver ounces earned were 9,329, compared to none in Q3 2024 [8]. - The company entered into a binding term sheet with Mako Mining Corp. for a five-year gold stream and a 2% NSR royalty on the Mt. Hamilton Gold-Silver Project in Nevada [8]. Shareholder Returns - The company declared a dividend of $0.0125 per common share, resulting in a cash payment of $633,053 and the issuance of 310,034 common shares under the dividend reinvestment plan [6][8]. - A total of 631,100 common shares were repurchased for cancellation under the normal course issuer bid for the nine months ended September 30, 2025 [8].