Royal Gold Q4 FY2026: Revenue +114.9% to $450.5M, net income +78.6% to $236.4M

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Revenue more than doubled to $450.5M (+114.9% YoY) on higher metal prices (gold +37%, silver +117%, copper +40%) and new assets from the $4.1B Sandstorm/Horizon acquisition closed Oct 2025.

  MD&A: Revenue and metal prices verify on EDGAR →
• high

  Net income rose 78.6% to $236.4M ($2.78/share, +38.3%), with EPS growth lagging net income due to 29% share-count increase from the Sandstorm acquisition (18.9M shares issued to Sandstorm holders).

  Notes: Net income and EPS growth verify on EDGAR →
• high

  Kansanshi gold stream (acquired Aug 2025 for $1.0B) began deliveries Oct 2025, contributing $34.3M revenue in Q2 2026 and 7,500 oz delivered; stream/royalty asset base expanded 174% to $8.6B.

  MD&A: Kansanshi stream deliveries verify on EDGAR →