Financials Royal Gold, Inc.

Equities

Market Closed - Nasdaq Other stock markets 02:30:00 14/02/2026 am IST			5-day change	1st Jan Change
286.10 ^USD	+4.89%		+7.65%	+28.71%

11/02	First Quantum Launches US$1.35 Billion Notes Offering	MT
05/02	Royal Gold, Inc. Presents at Renmark Financial Communications Virtual Non-Deal Roadshow, Feb-04-2026 02:00 PM

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	498.8	653.6	603.2	605.7	719.4	1,057	1,910	2,115
Change	-	31.02%	-7.71%	0.42%	18.77%	46.98%	80.66%	10.72%
EBITDA ¹	384.8	522.6	474.4	479.6	585.8	869.1	1,713	1,877
Change	-	35.79%	-9.22%	1.1%	22.14%	48.37%	97.07%	9.62%
EBIT ¹	200.3	328.4	283.7	303.2	429.9	693.8	1,263	1,292
Change	-	63.96%	-13.61%	6.87%	41.79%	61.4%	82.09%	2.26%
Interest Paid ¹	-9.813	-5.752	-17.17	-30.87	-3.741	-11	-52	-18.5
Earnings before Tax (EBT) ¹	-	328.2	272.9	-	426.1	647	1,299	1,732
Change	-	-	-16.85%	-	-	51.85%	100.77%	33.33%
Net income ¹	-	274	239	-	332	565.7	966.8	1,385
Change	-	-	-12.79%	-	-	70.39%	70.89%	43.26%
Announcement Date	05/08/20	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	120	168.5	162.4	146.4	131.4	163	170.4	144	138.6	152.7	148.9	174.1	193.8	202.6	193.4	209.6	252.1	386.7	-	-	-	-	-	-	-
Change	-	40.48%	-3.66%	-9.8%	-10.25%	24.01%	4.55%	-15.46%	-3.77%	10.14%	-2.47%	16.92%	11.34%	4.5%	-4.5%	8.38%	20.24%	53.4%	-	-	-	-	-	-	-
EBITDA ¹	92.14	134.5	130.4	114.1	101.5	128.4	134.8	114.5	108.3	122	117.1	141.1	157.9	169.6	159.2	175.6	206	323.2	396.1	399.2	413.8	425.6	427.1	413.2	414.8
Change	-	46.02%	-3.08%	-12.5%	-11.06%	26.51%	5.01%	-15.04%	-5.47%	12.64%	-3.95%	20.43%	11.94%	7.43%	-6.14%	10.27%	17.33%	56.87%	22.57%	0.78%	3.66%	2.85%	0.35%	-3.25%	0.39%
EBIT ¹	45.92	83.96	80.58	67.9	61.77	73.45	86.06	71.9	65.56	79.69	75.52	102.1	118.8	133.4	123.1	141.8	162.3	256.4	-	-	-	-	-	-	-
Change	-	82.84%	-4.03%	-15.73%	-9.03%	18.91%	17.15%	-16.45%	-8.81%	21.55%	-5.23%	35.16%	16.42%	12.28%	-7.74%	15.21%	14.46%	57.93%	-	-	-	-	-	-	-
Charge d'intérêts	-	-0.879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	-	82.34	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	-	68.16	-	-	-	-	-	-	-	-	-	-	-	-	113.5	132.3	126.8	193.1	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.61%	-4.17%	52.24%	-	-	-	-	-	-	-
Announcement Date	05/08/20	16/02/22	04/05/22	03/08/22	02/11/22	15/02/23	03/05/23	02/08/23	01/11/23	14/02/24	08/05/24	07/08/24	06/11/24	12/02/25	07/05/25	06/08/25	05/11/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-18.7	-138	453	142	-195	397	-828	-2,120
Change	-	-637.97%	428.26%	-68.65%	-237.32%	303.07%	-308.56%	-156.04%
Announcement Date	05/08/20	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	156	400.4	922.2	2.678	102.6	1,192	52.6	60.12
Change	-	156.68%	130.32%	-99.71%	3,729.87%	1,061.71%	-95.59%	14.31%
Free Cash Flow (FCF) ¹	184.8	61.49	-504.8	413.1	426.9	-476.7	1,312	1,514
Change	-	-66.72%	-920.99%	181.84%	3.35%	-211.65%	375.16%	15.43%
Announcement Date	05/08/20	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	77.15%	79.95%	78.64%	79.18%	81.42%	82.19%	89.66%	88.77%
EBIT Margin (%)	40.15%	50.25%	47.03%	50.06%	59.76%	65.62%	66.14%	61.09%
EBT Margin (%)	-	50.21%	45.24%	-	59.23%	61.19%	68%	81.89%
Net margin (%)	-	41.93%	39.62%	-	46.15%	53.5%	50.61%	65.48%
FCF margin (%)	37.04%	9.41%	-83.69%	68.2%	59.35%	-45.08%	68.66%	71.58%
FCF / Net Income (%)	-	22.44%	-211.23%	-	128.59%	-84.26%	135.66%	109.31%
Profitability
ROA	-	9.93%	-	-	9.83%	9.5%	12.5%	15.5%
ROE	9.04%	11%	8.97%	8.51%	11.05%	8.63%	9.9%	16.2%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.95x	0.3x	-	0.46x	-	-
Debt / Free cash flow	-	-	-0.9x	0.34x	-	-0.83x	-	-
Capital Intensity
CAPEX / Current Assets (%)	31.27%	61.26%	152.88%	0.44%	14.26%	112.69%	2.75%	2.84%
CAPEX / EBITDA (%)	40.53%	76.62%	194.39%	0.56%	17.51%	137.1%	3.07%	3.2%
CAPEX / FCF (%)	84.42%	651.15%	-182.67%	0.65%	24.02%	-249.97%	4.01%	3.97%
Items per share
Cash flow per share ¹	5.321	7.038	6.356	6.225	7.574	10.56	16.13	17.97
Change	-	32.26%	-9.69%	-2.06%	21.66%	39.45%	52.7%	11.43%
Dividend per Share ¹	1.11	1.3	1.425	1.525	1.65	1.758	1.9	-
Change	-	17.12%	9.62%	7.02%	8.2%	6.52%	8.11%	-
Book Value Per Share ¹	-	39.48	41.79	-	-	-	-	-
Change	-	-	5.84%	-	-	-	-	-
EPS ¹	-	4.17	3.63	-	5.04	7.965	11.65	11.15
Change	-	-	-12.95%	-	-	58.04%	46.26%	-4.29%
Nbr of stocks (in thousands)	65,605	65,637	65,593	65,692	65,757	84,398	84,398	84,398
Announcement Date	05/08/20	16/02/22	15/02/23	14/02/24	12/02/25	-	-	-