Empress Reports 2025 Year End Financial Results
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NEWS RELEASE | FEB RUAR Y 27 , 202 6 | VANCOUVER , BC
EMPRESS REPORTS 2025 YEAR END FINANCIAL
RESULTS
VANCOUVER, B.C. – February 27, 2026 - Empress Royalty Corp. (TSXV: EMPR | OTCQX: EMPYF)
(“Empress” or the “Company”) is pleased to announce its audited financial and operating results
for the fiscal year ended December 31, 2025. The Company concluded the year with record -
breaking revenue.
“2025 was a transformational year for Empress, we doubled revenue, generated strong cash flow,
and strengthened our balance sheet,” stated Alexandra Woodyer Sherron, CEO and President of
Empress Royalty. “We executed our strategy with discipline and focus, and our model delivered.
With rising production and strong gold and silver prices, we enter 2026 from a position of strength
– ready to redeploy capital with precision and continue building durable, value-accretive growth
for our shareholders.”
Key Financial and Operating Highlights for the year ended December 31, 2025
• Record Revenue: Empress generated royalty and streaming revenue of US$17.2M,
resulting in a gross profit of US$12.1M.
• Strong Cash Generation: The Company maintained its focus on liquidity, achieving
positive operating cash flow of US$3.7M.
• Substantial Earnings Growth: Empress reported a net income of US$7.4M for the year,
representing a significant increase over the US$1.0M reported in fiscal year 2024.
• Operational Efficiency: Adjusted EBITDA for the full year stood at US$13.9M,
reflecting the high-margin nature of the Company’s streaming and royalty interests.
These annual results highlight the strength of the Company’s portfolio and its commitment to
building long-term, sustainable value through selective, high-quality investments.
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The financial statements and accompanying management’s discussion and analysis have been
filed on Sedar+ (www.sedarplus.ca) and are also available on the Company’s website at
www.empressroyalty.com.
Empress provides the following guidance as part of its annual financial statement filing, reflecting
management's current expectations for fiscal 2026 based on the performance of its existing
royalty and streaming portfolio, information provided from opera tors, and prevailing market
conditions.
Key Guidance Metrics for Fiscal 2026
Empress anticipates meaningful growth in its attributable production in 2026, supported by
continued contributions from key assets with potential optimization initiatives and steady
performance with its portfolio holdings. Guidance incorporates assumption s of stable or
improving operator performance and no major disruptions, consistent with disclosure standards
under NI 51-102 and, where applicable, National Instrument 43-101 - Standards of Disclosure for
Mineral Projects ("NI 43-101") for technical information.
Attributable Gold Equivalent Ounces (GEOs)
As a royalty and streaming company focused on precious metals, the Company's performance is
inherently tied to production volumes and metal prices, which are volatile; accordingly, emphasis
is placed on attributable gold equivalent ounces ("GEOs") sales as a primary metric to reflect
production exposure. For streams, guidance reflects GEOs that have been delivered from the
operators of our assets. Our GEO deliveries may differ from operators’ production based on
timing of deliveries and due to recovery an d payability factors. GEO sales may differ from GEO
deliveries based on the timing of the sales. For royalties, GEO guidance reflects the timing of
royalty payments or accruals.
Empress expects attributable GEOs of 7,045 to 7,430 for fiscal 2026. This range represents the
Company's diversified exposure across gold and silver calculated using conservative conversion
ratios based on assumed commodity prices of $4,000/oz gold and $7 0/oz silver. GEOs are
emphasized as the core metric, as they directly reflect the underlying production from operators
and reduce dependency on volatile spot prices for performance evaluation.
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Assumptions and Basis for Guidance
The 2026 Guidance is based on public and non -public forecasts, other disclosure by the owners
and operators of our assets, internal analysis of historical performance, and management’s
understanding of the underlying producing assets. Additionally, the Co mpany may receive
information from the owners and operators of the properties, which the Company is not
permitted to disclose to the public pursuant to the underlying agreement.
Key assumptions include:
• Annual increases in revenue if metals prices continue to be in the range of $4,000oz gold
and $70/oz silver, and/or operating improvements are made at the underlying assets,
and/or additional assets are added to the stream and royalty portfolio;
• Production estimates reliant on operator guidance under NI 43 -101-compliant reports
and other non-public technical information and no material production interruptions;
• No major new acquisitions or divestitures beyond those already announced, though the
Company continues to actively evaluate opportunities; and
• Currency exchange rates and tax considerations consistent with current levels.
Sensitivity
The success of the Company in 2025 was based on a small number of investments and a
significant increasing trend in gold and silver prices. There is no guarantee that this trend will
continue in 2026. Given the volatile nature of gold and silver markets, an increase or decrease
in gold or silver prices could impact attributable GEO values and related revenue considerably.
Risks and Uncertainties
Achievement of this guidance is subject to various risks, including but not limited to commodity
price volatility (a primary concern given the small number of investments), operator -specific
challenges (e.g., production delays), geopolitical factors, and e nvironmental considerations.
These could result in actual GEOs and revenues varying from the provided guidance, potentially
materially. Investors should refer to the cautionary statements contained at the end of this news
release, and the full discussion of risks in the Company's 2025 Annual Information Form filed on
www.sedarplus.ca.
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Conclusion and Updates
Empress continues to implement its stated strategy of building a diversified, cash -flowing
portfolio to deliver sustainable value to shareholders. The Company will review and update this
outlook quarterly or as material events occur, such as new acquisiti ons, significant operator
announcements, or commodity price shifts. Management remains focused on disciplined growth
and capital allocation in the streaming and royalty sector.
ABOUT EMPRESS ROYALTY CORP.
Empress is a global royalty and streaming creation company providing investors with a diversified
portfolio of gold and silver investments. Empress has built a portfolio of precious metal
investments and is actively investing in mining companies with development and production
stage projects who require additional non -dilutive capital. The Company has a strategic
partnership with Endeavour Financial which allows Empress to not only access global investment
opportunities but also bring unique mining finance expertise and deal structuring. Empress is
looking forward to continuously creating value for its shareholders through the proven royalty
and streaming models.
ON BEHALF OF EMPRESS ROYALTY CORP.
Per: Alexandra Woodyer Sherron, CEO and President
For further information, please visit our website at www.empressroyalty.com, or contact us by
email at [email protected] or by phone at +1.604.331.2080.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
The information contained herein includes “forward -looking statements” and “forward looking information” as
defined under applicable Canadian securities laws (“forward-looking statements”). Forward-looking statements and
information can generally be identified by the use of terms such as “may”, “will”, “should”, “expect”, “intend”,
“estimate”, continue”, “believe”, “plans”, “anticipate” or similar terms.
Forward-looking information and statements include, but are not limited to, statements with respect to the activities,
events or developments that Empress Royalty Corp. (“Empress” or the “Company”) expects or anticipates will or may
occur in the future, in cluding those regarding future growth and ability to create new streams or royalties, the
development and focus of the Company , its acquisition strategy, the plans and expectations of the operators of the
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projects underlying its interests, including the proposed advancement and expansion of such projects; the results of
exploration, development and production activities of the operators of such projects; and the Company’s expectations
regarding future revenues.
Forward-looking information and statements are based on the then current expectations, beliefs, assumptions,
estimates and forecasts about Empress’s business and the industry and markets in which it operates. Forward-
looking information and statements are made based upon numerous assumptions and although the assumptions
made by the Company in providing forward -looking information and statements are considered reasonable by
management at the time, there can be n o assurance that such assumptions will prove t o be accurate . Forward-
looking information and statements also involve known and unknown risks and uncertainties and other factors, which
may cause actual results, performances and achievements of Empress to differ materially from any projections of
results, performances and achievements of Empress including, without limitation, any inability of the operators of
the properties underlying the Company’s royalty and stream interests to execute proposed plans for such properties
or to achieve planned development and production estimates and goals, risks related to the operators of the projects
in which the Company holds interests, including the successful continuation of operations at such projects by those
operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on
any such projects, risks related to international operations, government relations and environmental regulation,
uncertainty relating to the availability and costs of financing needed in the future and the Company’s ability to carry
out its growth plans as well as the impact of the COVID -19 pandemic and other related risks and uncertainties. For
a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to
the annual information form of Empress for the year ended December 31, 2024 and its other publicly filed documents
under it profile a www.sedarplus.ca. Although the Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in the forward -looking information and statements,
there may be other factors that cause results not to be as anticip ated, estimated, or intended. There can be no
assurance that forward -looking information and statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place
undue reliance on forward -looking information and statements. The Company undertakes no obligation to update
or reissue forward -looking information as a result of new information or events except as required by applicable
securities laws. Disclosure relating to properties in which Empress holds royalty or stream interests is based on
information publicly disclosed by the owners or operators of such properties. The Company generally has limited or
no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its
interests and other publicly available information. The Company generally has limited or no ability to verify such
information. Although the Company does not have any knowledge that such information may not be accurate, there
can be no assurance that such third -party information is complete or accurate. In addition, certain information
publicly reported by operators may relate to a larger property than the area covered by the Company’s interest, which
often may only apply to a portion of the overall project area or applicable mineral resources or reserves.