Royal Gold Q2 net income rises to $132.3 million, or $2.01 per share, on record revenue
Royal Gold reported second-quarter 2025 net income of $132.3 million, or $2.01 per share, up from $81.2 million, or $1.23 per share, a year earlier, on revenue of $209.6 million versus $174.1 million. Operating cash flow was $152.8 million. The company also has pending agreements to acquire Sandstorm Gold and Horizon Copper, which it expects to close in the fourth quarter of 2025, and it completed the $1.0 billion Kansanshi gold stream advance after the quarter ended.
Key points
- Revenue of $209.6 million versus $174.1 million in the year-earlier quarter, at an average gold price of $3,280 per ounce
- Net income of $132.3 million, or $2.01 per share, versus $81.2 million, or $1.23 per share, a year earlier
- Sandstorm Transaction equity value of approximately $3.5 billion and Horizon Transaction equity value of approximately $196 million at signing, with closing expected in the fourth quarter of 2025
- Quarterly dividend of $0.45 per share, a 12.5% increase over the prior year period
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.