Royal Gold Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,022	712.77	598.42	596.19	645.17
Revenue Growth (YoY)	43.36%	19.11%	0.38%	-7.59%	5.92%
Cost of Revenue	130.93	97.51	90.52	94.64	98.47
Gross Profit	890.94	615.26	507.9	501.54	546.7
Selling, General & Admin	49.18	40.93	39.76	34.61	29.31
Operating Expenses	226.27	185.36	204.7	217.83	218.32
Operating Income	664.68	429.9	303.2	283.71	328.39
Interest Expense	-23.4	-6.3	-28.4	-10	-2.5
Interest & Investment Income	14.41	6.01	9.95	7.83	3.02
Other Non Operating Income (Expenses)	-5.62	-3.45	-2.47	-7.17	-3.25
EBT Excluding Unusual Items	650.06	426.16	282.29	274.37	325.65
Merger & Restructuring Charges	-26.51	-	-	-	-
Gain (Loss) on Sale of Investments	-49.69	-0.07	-0.15	-1.5	2.51
Pretax Income	573.87	426.09	282.14	272.87	328.16
Income Tax Expense	102.29	93.61	42.01	32.93	53.22
Earnings From Continuing Operations	471.58	332.48	240.13	239.94	274.94
Minority Interest in Earnings	-5.3	-0.46	-0.69	-0.96	-0.9
Net Income	466.28	332.02	239.44	238.98	274.04
Net Income to Common	466.28	332.02	239.44	238.98	274.04
Net Income Growth	40.44%	38.67%	0.19%	-12.79%	-9.42%
Shares Outstanding (Basic)	69	66	66	66	66
Shares Outstanding (Diluted)	70	66	66	66	66
Shares Change (YoY)	5.75%	0.06%	0.12%	0.05%	-0.00%
EPS (Basic)	6.72	5.06	3.65	3.64	4.18
EPS (Diluted)	6.69	5.04	3.63	3.63	4.16
EPS Growth	32.74%	38.84%	-	-12.74%	-9.56%
Free Cash Flow	-459.91	426.94	413.11	-504.81	61.49
Free Cash Flow Per Share	-6.61	6.49	6.28	-7.69	0.94
Dividend Per Share	-	1.700	1.550	1.450	-
Dividend Growth	-	9.68%	6.90%	-	-
Gross Margin	87.19%	86.32%	84.87%	84.13%	84.74%
Operating Margin	65.05%	60.31%	50.67%	47.59%	50.90%
Profit Margin	45.63%	46.58%	40.01%	40.09%	42.48%
Free Cash Flow Margin	-45.01%	59.90%	69.03%	-84.67%	9.53%
EBITDA	841.76	574.33	468.14	466.93	517.4
EBITDA Margin	82.37%	80.58%	78.23%	78.32%	80.20%
D&A For EBITDA	177.08	144.43	164.94	183.22	189.01
EBIT	664.68	429.9	303.2	283.71	328.39
EBIT Margin	65.05%	60.31%	50.67%	47.59%	50.90%
Effective Tax Rate	17.82%	21.97%	14.89%	12.07%	16.22%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.