For complete details, please refer to the Financial Statements and associated Management Discussion and Analysis for the three and six months ended June 30, 2025, available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.elementalaltus.com). All amounts are in U.S. dollars unless otherwise indicated.
Financial Highlights
Royalty revenue of US$9.1 million and adjusted revenue1 of US$10.5 million, up 102% on Q2 2024
Record Operating Cash Flow plus Caserones dividends of US$14.4 million, up +900% on Q2 2024
Attributable Gold Equivalent Ounces1 ("GEOs") of 3,184 ounces, up 73% on Q2 2024 and adjusted EBITDA1 of US$8.8 million, up 155% on Q2 2024
Revenue guidance increased to US$35 million to US$40 million, based on an updated US$3,000/oz gold price for 2025
US$19.7 million increase in cash in Q2 2025
Financial Performance for the 3 and 6 months ended June 30, 2025 and 2024:
Three months ended
June 30,
Six months ended
June 30,
2025
2024
2025
2024
$'000
$'000
$'000
$'000
Income Statement
Total revenue
9,094
3,752
20,733
7,079
Adjusted revenue1
10,497
5,201
23,758
9,948
Total net profit / (loss)
160
(114)
3,608
(1,128)
Cash Flow Statement
Cash flows from operations plus Caserones dividends1
14,410
1,435
17,704
2,605
Other Non-IFRS Measures
Adjusted EBITDA1
8,784
3,441
20,255
6,640
Total attributable Gold Equivalent Ounces ("GEO") 1
3,184
2,211
7,790
4,494
Frederick Bell, CEO of Elemental Altus, commented:
"Elemental Altus has delivered another outstanding quarter, with adjusted revenue more than doubling to US$10.5 million, adjusted EBITDA up 155% to US$8.8 million, and GEOs increasing 73% year-on-year. These results reflect the strength of our royalty portfolio, with stand-out contributions from Karlawinda, Korali-Sud, and Bonikro.
Our financial position has never been stronger, with over US$27 million in cash at quarter end, a fully undrawn US$50 million credit facility, and record free cash flow generation. In addition, the recent regulatory approval for the Karlawinda ...
