- Sailfish Royalty Corp (SROYF, Financial) reported increased revenues of $587,220 for Q1 2025, a 64% rise from the previous year.
- Despite the rise in revenue, the company posted a net loss of $75,718, contrasting with a net income of $148,034 in Q1 2024.
- The company maintained its quarterly dividend of $0.0125 per share and continued its share buyback program.
Sailfish Royalty Corp (SROYF) has released its financial results for the first quarter of 2025, ending March 31. The company reported total revenues of $587,220, marking a significant increase from $357,955 in the same period in 2024. Royalty revenue was a major contributor, amounting to $535,923, up from $161,987 previously.
Gross profit also showed a notable improvement, reaching $562,488 compared to $248,088 in the first quarter of the previous year. Despite these positive figures, Sailfish reported a net loss of $75,718 for Q1 2025, contrasting with a net income of $148,034 for the same period last year. A major factor in the loss was the decrease in gold ounces earned from stream interests, which fell significantly to 18 ounces from 91 ounces year-over-year.
The company has continued to provide value to its investors with a consistent quarterly dividend of $0.0125 per share. Additionally, Sailfish pursued its share buyback strategy, repurchasing a total of 182,600 shares during the first quarter.
Following the end of Q1, Sailfish exercised a $1 million option to acquire remaining silver production from the San Albino mine operated by Mako Mining Corp. The company also converted outstanding Convertible Debentures into 4,134,013 common shares, which may lead to future dilution of stock value.
