Sailfish Reports Annual and Q4 2025 Results
Rhea-AI Summary
Sailfish Royalty Corp (OTCQB: SROYF) reported 2025 results: total revenues $3.38M, gross profit $3.14M and net income $1.71M. Royalty revenue rose to $2.37M. Subsequent events include a $168M sale of Terraco Gold, a declared $0.0375 dividend, a Mako gold stream acquisition, and full repayment of a $40M short-term loan.
AI-generated analysis. Not financial advice.
Positive
- Sale of Terraco Gold for $168,000,000 (after-tax) closed April 10, 2026
- Total revenues increased to $3,375,267 in 2025 (+18.8% vs 2024)
- Full repayment of short-term loan: $40,000,000 principal plus $1,794,310 interest
- Acquired an eleven-year gold stream from Mako providing staged monthly gold deliveries
Negative
- Gold ounces earned from streams fell to 61 oz in 2025 (2024: 782 oz)
- Silver ounces received and sold declined to 67,500 oz in 2025 (2024: 160,067 oz)
News Market Reaction – SROYF
On the day this news was published, SROYF gained 7.40%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tortola, British Virgin Islands--(Newsfile Corp. - April 24, 2026) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the year and fourth quarter ended December 31, 2025 ("Q4 2025"). All amounts are in U.S. dollars unless otherwise indicated.
2025 Highlights:
- Royalty revenue earned of
$2,366,144 for the year ended December 31, 2025 (2024 -$974,644) ; - Gold ounces earned from stream interests of 61 for the year ended December 31, 2025 (2024 - 782);
- Silver ounces earned from stream interests of 17,661 for the year ended December 31, 2025 (2024 - nil);
- The Company received and sold 67,500 ounces of silver (2024 - 160,067 ounces) relating to the silver receivable for proceeds of
$2,148,301 for the year ended December 31, 2025 (2024 -$4,404,493) ; - Total revenues of
$3,375,267 for the year ended December 31, 2025 (2024 -$2,839,933) ; - Gross profit of
$3,137,486 for the year ended December 31, 2025 (2024 -$1,866,811) ; - Total income of
$1,714,228 for the year ended December 31, 2025 (2024 -$550,033) ; - Repurchased for cancellation an aggregate of 631,100 common shares of the Company under the current normal course issuer bid for the year ended December 31, 2025 (2024 - 1,836,300); and
- Declared a Q1 2025, Q2 2025, Q3 2025 and Q4 2025 quarterly dividend of
$0.0125 per common share. Q1 2025, Q2 2025 and Q3 2025 were paid on April 15, 2025, July 15, 2025 and October 15, 2025 respectively. Q4 2025 will be payable on July 15, 2026.
Summary of Annual Results:
| Year ended December 31, 2025 | Year ended December 31, 2024 | |
| Consolidated statements of Income (loss) and comprehensive Income (loss) | $ | $ |
| Revenues | 3,375,267 | 2,839,933 |
| Gross profit | 3,137,486 | 1,866,811 |
| Net income | 1,714,228 | 550,033 |
| Net income per share from continuing operations (basic) | 0.02 | 0.01 |
| Net income per share from continuing operations (diluted) | 0.02 | 0.01 |
Q4 2025 Highlights:
- Royalty revenue earned of
$773,284 for the three months ended December 31, 2025 (2024 -$432,871) ; - Total revenues of
$1,195,396 for the three months ended December 31, 2025 (2024 -$725,712) ; - Gross profit of $
$1,123,462 for the three months ended December 31, 2025 (2024 -$599,002) ; and - Net loss of
$119,865 for the three months ended December 31, 2025 (2024 -$601,824) .
Summary of Quarterly Results:
| Three months ended December 31, 2025 | Three months ended December 31, 2024 | |
| Condensed interim consolidated statements of loss and comprehensive loss | $ | $ |
| Revenues | 1,195,396 | 725,712 |
| Gross profit | 1,123,462 | 599,002 |
| Net loss | 119,865 | 601,824 |
| Net loss per share from continuing operations (basic and diluted) | 0.00 | 0.01 |
For complete details, please refer to the Annual Consolidated Financial Statements for the years ended December 31, 2025 and 2024 and associated Management Discussion and Analysis for the year ended December 31, 2025, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).
Subsequent to Q4 2025 Highlights:
On February 23, 2026, the Company entered into a share purchase agreement with OR Royalties Inc. ("OR Royalties") pursuant to which the Company agreed to sell to OR Royalties all of the issued and outstanding shares of Terraco Gold Corp., a wholly owned subsidiary of Sailfish, for after-tax cash consideration of
On February 24, 2026, the Company declared a dividend of
On March 23, 2026, the Company acquired an eleven-year gold stream from Mako Mining Corp. ("Mako"). Under the gold stream, the Company will receive: (i) a monthly gold delivery for a period of 132 months, whereby Sailfish will purchase from Mako approximately 341.7 troy ounces of gold for the first 60 months at a price equal to
On April 13, 2026, the Company repaid the Short-term loan and accrued interest in full which consisted of
Subsequent to December 31, 2025, Sailfish purchased 481,300 common shares on-market of which all have been cancelled.
Subsequent to December 31, 2025, the Company received and sold 274.321 ounces of gold for
About Sailfish
Sailfish is a precious metals royalty and streaming company focused on returning capital to shareholders with an industry leading dividend yield. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQB under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
For further information: Paolo Lostritto, CEO, tel. 416-602-2645 or Bryan McKenzie, CFO, tel. 604-443-3834.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294082