Core Insights - Vox Royalty Corp. reported record financial results for 2025, highlighting significant growth in royalty and net precious metal receipts, operating cash flows, and adjusted EBITDA [2][3][4]. Financial Highlights - 2025 vs. 2024 - Total royalty and net precious metal receipts reached $16.6 million, up from $11 million in 2024, marking a 51% increase [3][4]. - Royalty revenue was $12 million, compared to $11 million in 2024 [4]. - Net precious metal income was $4.6 million, a significant increase from $nil in 2024, with an average net precious metal income of $91.06 per ounce [4][5]. - Gross profit for the year was $10.1 million, up from $7.9 million in 2024 [4]. - The commodity mix was 55% gold and 45% other metals, predominantly copper and iron ore [4]. Financial Highlights - Q4 2025 vs. Q4 2024 - Quarterly royalty and net precious metal receipts were $7.4 million, compared to $2.9 million in Q4 2024, representing a 155% increase [5][6]. - Royalty revenue for Q4 was $3 million, slightly up from $2.9 million in Q4 2024 [6]. - Net precious metal income for Q4 was $4.4 million, compared to $nil in Q4 2024, with an average net precious metal income of $93.71 per ounce [6][7]. - Gross profit for Q4 was $4.1 million, up from $1.5 million in Q4 2024 [6]. Operating Cash Flows and EBITDA - Record operating cash flows for 2025 were $10.7 million, compared to $5.5 million in 2024 [5]. - Adjusted EBITDA for 2025 was $9.3 million, or $0.17 per share, compared to $4.6 million, or $0.09 per share in 2024 [5][7]. Company Overview - Vox Royalty Corp. is a returns-focused mining royalty and streaming company with a diversified portfolio of over 70 royalties and streams, including 12 producing and 24 development stage assets [8]. - The company emphasizes disciplined capital allocation and risk-adjusted value creation, primarily focusing on gold and select industrial metals in top-tier mining jurisdictions [8]. - Vox is included in the Russell 2000® and Russell 3000® Indexes, as well as the MVIS® Global Junior Gold Miners Index and VanEck Junior Gold Miners ETF (GDXJ) [8].
Vox Royalty Reports Record 2025 Results