Royal Gold Reports Record Q1 Net Income of $113.5 Million, Up From $47.2 Million
Royal Gold reported record first-quarter 2025 net income of $113.5 million, or $1.72 per share, on revenue of $193.4 million, compared with net income of $47.2 million, or $0.72 per share, a year earlier. The company said higher gold, silver and copper prices drove the increase, and it also reported adjusted net income of $99.8 million, or $1.51 per share, and total available liquidity of $1.25 billion.
Key points
- Net income of $113.5 million ($1.72 per share) versus $47.2 million ($0.72 per share) in the first quarter of 2024
- Revenue of $193.4 million, with an average gold price of $2,860 per ounce versus $2,070 a year earlier
- Operating cash flow of $136.4 million, down from $138.3 million in the prior-year quarter
- Quarterly dividend of $0.45 per share, a 12.5% increase over the prior year period; total liquidity about $1.25 billion
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.