The earnings call highlighted significant achievements, such as record revenue and positive free cash flow, alongside effective strategies for debt reduction. However, some challenges were noted, including reduced guidance at the Vareš mine and temporary revenue declines at certain assets. Overall, the positive aspects and strategic outlook outweigh the challenges.

Company Guidance -

Q3 2025

During the Gold Royalty Corp. second-quarter 2025 earnings call, the company reported record quarterly revenue, adjusted EBITDA, and operating cash flow, marking a significant inflection point as they achieved positive free cash flow. Adjusted EBITDA reached $2.4 million, a 50% increase from the previous quarter, while total revenue, including land agreement proceeds and interest, stood at $4.4 million, translating to 1,346 gold equivalent ounces. The company discussed key asset developments, including the Vareš mine's commercial production starting July 1, Côté's processing plant reaching nameplate capacity, and Borborema's progression towards commercial production. Gold Royalty aims to be net debt-free by the end of 2026, focusing on debt reduction, capital returns, and strategic growth opportunities. The company maintains a full-year guidance of 5,700 to 7,000 GEO in 2025 and a five-year outlook of 23,000 to 28,000 GEO.

Record Quarterly Revenue and Adjusted EBITDA

Gold Royalty Corp. achieved record quarterly revenue and adjusted EBITDA of $2.4 million, a nearly 50% increase compared to the previous quarter.

Positive Free Cash Flow

The company reported positive free cash flow for the quarter, primarily due to contributions from the Vareš and Côté Gold Mines and strong gold prices.

Successful Ramp-up of Key Assets

Commercial production was achieved at the Vareš mine on July 1, and Côté achieved nameplate throughput ahead of schedule, contributing over $1 million in revenue.

Debt Reduction Strategy

Gold Royalty Corp. aims to be net debt-free by the end of 2026, focusing on debt reduction while considering capital returns to shareholders.

Gold Royalty (GROY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GROY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	>-0.01 / -	0.03	―	―	―
Aug 06, 2025	2025 (Q2)	>-0.01 / 0.00	-0.01	―
May 08, 2025	2025 (Q1)	>-0.01 / -0.01	-0.01	0.00% (0.00)
Mar 20, 2025	2024 (Q4)	>-0.01 / -0.02	0.01	-300.00% (-0.03)
Nov 04, 2024	2024 (Q3)	>-0.01 / 0.03	-0.01	400.00% (+0.04)
Aug 13, 2024	2024 (Q2)	>-0.01 / -0.01	-0.02	50.00% (+0.01)
May 13, 2024	2024 (Q1)	>-0.01 / -0.01	-0.01	0.00% (0.00)
Mar 28, 2024	2023 (Q4)	-0.01 / 0.01	0	―
Nov 14, 2023	2023 (Q3)	>-0.01 / -0.01	-0.03	66.67% (+0.02)
Aug 10, 2023	2023 (Q2)	-0.01 / -0.02	-0.02	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GROY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$3.03	$3.08	+1.65%
May 08, 2025	$1.55	$1.55	0.00%
Mar 20, 2025	$1.53	$1.34	-12.42%
Nov 04, 2024	$1.43	$1.41	-1.40%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Gold Royalty (GROY) report earnings?

Gold Royalty (GROY) is schdueled to report earning on Nov 18, 2025, After Close (Confirmed).

What is Gold Royalty (GROY) earnings time?

Gold Royalty (GROY) earnings time is at Nov 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is GROY EPS forecast?

GROY EPS forecast for the fiscal quarter 2025 (Q3) is >-0.01.

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