Sailfish Reports Q1 2026 Results
Rhea-AI Summary
Sailfish Royalty (OTCQB:SROYF) reported Q1 2026 royalty revenue of $999,378 and total revenues of $1,809,769, up from $587,220 in Q1 2025. Gross profit was $1,724,508 and net income was $131,774, compared with a net loss of $75,718 a year earlier.
The company repurchased 481,300 shares under its NCIB and declared a quarterly dividend of $0.0375 per share, payable July 15, 2026. After quarter-end, Sailfish sold Terraco Gold for $168 million cash, repaid a $40 million short-term loan plus interest, and sold 548.463 gold ounces for $2,605,208.
AI-generated analysis. Not financial advice.
Positive
- Q1 2026 revenues of $1,809,769, up from $587,220 in Q1 2025
- Q1 2026 net income of $131,774 versus a net loss of $75,718 in 2025
- Sale of Terraco Gold subsidiary for $168 million after-tax cash consideration
- Repayment of $40,000,000 short-term loan plus $1,794,310 in accrued interest
- Repurchase and cancellation of 481,300 common shares under the normal course issuer bid
- Declared quarterly dividend of $0.0375 per common share payable July 15, 2026
Negative
- None.
News Market Reaction – SROYF
On the day this news was published, SROYF gained 7.92%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tortola, British Virgin Islands--(Newsfile Corp. - May 28, 2026) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQB: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the first quarter ended March 31, 2026 ("Q1 2026"). All amounts are in U.S. dollars unless otherwise indicated.
Q1 2026 Highlights:
- Royalty revenue earned of
$999,378 for the three months ended March 31, 2026 ($535,923 for the three months ended March 31, 2025); - Silver ounces earned from stream interests of 8,924 for the three months ended March 31, 2026 (for the three months ended March 31, 2025 – nil);
- Gold ounces earned from stream interests of 6 for the three months ended March 31, 2026 (18 for the three months ended March 31, 2025);
- Total revenues of
$1,809,769 for the three months ended March 31, 2026 ($587,220 for the three months ended March 31, 2025); - Gross profit of
$1,724,508 for the three months ended March 31, 2026 ($562,488 for the three months ended March 31, 2025); - Net income of
$131,774 for the three months ended March 31, 2026 (net loss of$75,718 for the three months ended March 31, 2025); - Repurchased for cancellation an aggregate of 481,300 common shares of the Company under the current normal course issuer bid for the three months ended March 31, 2026 (182,600 for the three months ended March 31, 2025); and
- Declared a quarterly dividend of
$0.0375 per common share which will be payable on July 15, 2026.
Summary of Q1 2026 Results:
| Three months ended March 31, 2026 | Three months ended March 31, 2025 | |||||
| Condensed interim consolidated statements of income (loss) and comprehensive income (loss) | $ | $ | ||||
| Revenues | 1,809,769 | 587,220 | ||||
| Gross profit | 1,724,508 | 562,488 | ||||
| Net income (loss) | 131,774 | (75,718 | ) | |||
| Basic earnings (loss) per share | 0.00 | (0.00 | ) | |||
| Diluted earnings (loss) per share | 0.00 | (0.00 | ) | |||
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2026 and 2025 and associated Management Discussion and Analysis for the three months ended March 31, 2026, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).
Subsequent to Q1 2026 Highlights:
- On April 10, 2026, the Company closed the share purchase agreement with OR Royalties pursuant to which the Company sold 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
$168 million . - On April 13, 2026, the Company repaid the Short-term loan and accrued interest in full which consisted of
$40,000,000 in principal and$1,794,310 in interest. - Subsequent to March 31, 2026, Sailfish cancelled 481,300 common shares on-market of which all had been previously purchased.
- Subsequent to March 31, 2026, the Company received and sold 548.463 ounces of gold for
$2,605,208 pertaining to the Gold Purchase Agreement with Mako Mining Corp.
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/299134