Sailfish Reports Q1 2025 Results
Rhea-AI Summary
Positive
- Revenue increased 64% YoY to $587,220
- Gross profit more than doubled to $562,488 from $248,088
- Royalty revenue grew significantly to $535,923 from $161,987
- Continued quarterly dividend payments of $0.0125 per share
- Successfully exercised $1M option for remaining silver production from San Albino mine
Negative
- Net loss of $75,718 compared to net income of $148,034 in Q1 2024
- Gold ounces earned decreased significantly to 18 from 91 YoY
- Share dilution through conversion of Convertible Debentures into 4,134,013 common shares
News Market Reaction – SROYF
On the day this news was published, SROYF gained 8.01%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tortola, British Virgin Islands--(Newsfile Corp. - May 29, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the first quarter ended March 31, 2025 ("Q1 2025"). All amounts are in U.S. dollars unless otherwise indicated.
Q1 2025 Highlights:
Gold ounces earned from stream interests of 18 for the three months ended March 31, 2025 (91 for the three months ended March 31, 2024);
Royalty revenue earned of
$535,923 for the three months ended March 31, 2025 ($161,987 for the three months ended March 31, 2024);Total revenues of
$587,220 for the three months ended March 31, 2025 ($357,955 for the three months ended March 31, 2024);Gross profit of
$562,488 for the three months ended March 31, 2025 ($248,088 for the three months ended March 31, 2024);Net loss of
$75,718 for the three months ended March 31, 2025 (net income of$148,034 for the three months ended March 31, 2024);Repurchased for cancellation an aggregate of 182,600 common shares of the Company under the current normal course issuer bid for the three months ended March 31, 2025 (516,100 for the three months ended March 31, 2024); and
Declared a quarterly dividend of
$0.0125 per common share which was paid on April 15, 2025.
Summary of Q1 2025 Results:
| Three months ended March 31, 2025 | Three months ended March 31, 2024 | ||
| Condensed interim consolidated statements of income (loss) and comprehensive income (loss) | $ | $ | |
| Revenues | 587,220 | 357,955 | |
| Gross profit | 562,488 | 248,088 | |
| Net income (loss) | (75,718) | 148,034 | |
| Basic earnings (loss) per share | (0.00) | 0.00 | |
| Diluted earnings (loss) per share | (0.00) | 0.00 | |
For complete details, please refer to the Unaudited Condensed Interim Consolidated Financial Statements for the three months ended March 31, 2025 and 2024 and associated Management Discussion and Analysis for the three months ended March 31, 2025, available on SEDAR+ (www.sedarplus.ca) or on the Company's website (www.sailfishroyalty.com).
Subsequent to Q1 2025 Highlights:
Subsequent to March 31, 2025, the Company declared a dividend of
$0.0125 per common share that will be payable on July 15, 2025 to Company shareholders of record as of the close of business on June 30, 2025.Subsequent to March 31, 2025, the Company purchased 346,700 common shares on-market which all have been cancelled.
Subsequent to March 31, 2025, Sailfish cancelled 182,600 common shares that were purchased during the period ended March 31, 2025.
Subsequent to March 31, 2025, the Company received 27,000 ounces of silver pertaining to its Silver Receivable.
On April 29, 2025, the Company announced that it has successfully exercised its option to purchase all remaining silver production from Mako Mining Corp.'s ("Mako") San Albino mine and from concessions owned by Mako at March 1, 2023. Consideration paid to Mako for the exercise of the option was
$1 million .On May 13, 2025, the Company announced that, in accordance with the terms of the Convertible Debentures, the Company exercised its option to convert the outstanding Convertible Debentures into common shares in the capital of the Company by issuing 4,134,013 common shares to holders of the Convertible Debentures.
About Sailfish
Sailfish is a precious metals royalty and streaming company. Within Sailfish's portfolio are three main assets in the Americas: a gold stream equivalent to a
Sailfish is listed on the TSX Venture Exchange under the symbol "FISH" and on the OTCQX under the symbol "SROYF". Please visit the Company's website at www.sailfishroyalty.com for additional information.
For further information: Paolo Lostritto, CEO, tel. 416-602-2645 or Bryan McKenzie, CFO, tel. 604-443-3834.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253782