- Sailfish Royalty Corp (SROYF, Financial) reported a 21.7% revenue increase in 2024, reaching $2.84 million.
- The company achieved a net income of $550,033 in 2024, a significant improvement from a net loss of $1.1 million in 2023.
- In Q4 2024, Sailfish faced a net loss of $601,824, contrasting with a net profit of $204,956 in Q4 2023.
Sailfish Royalty Corp (SROYF) has released its financial results for the year and fourth quarter ended December 31, 2024. The company reported an impressive 21.7% increase in total revenues, amounting to $2.84 million, compared to $2.33 million in the previous year. The gross profit for 2024 rose to $1.87 million from $1.39 million in 2023, reflecting strong operational performance.
Notably, Sailfish generated royalty revenue of $974,644 from its stream interests, accounting for 782 gold ounces. Also, the company successfully sold 160,067 ounces of silver from its Silver Receivable, resulting in $4.4 million in proceeds. Consequently, the company reported a net income of $550,033 for the year, a substantial rebound from a net loss of $1.1 million in 2023.
During Q4 2024, Sailfish reported revenues of $725,712 and a gross profit of $599,002. However, the quarter ended with a net loss of $601,824, primarily due to the decline in gold ounces earned from stream interests, which fell to 111 ounces from 243 ounces in Q4 2023. This reflected a shift from the net income of $204,956 recorded in the same quarter the previous year.
Throughout 2024, Sailfish consistently distributed quarterly dividends of $0.0125 per share and repurchased 1,836,300 common shares, reinforcing its commitment to returning value to shareholders.
