ELEMENTAL ALTUS ANNOUNCES RECORD Q2 OPERATING CASH FLOW AND INCREASE TO REVENUE GUIDANCE

VANCOUVER, BC, Aug. 18, 2025 /CNW/ - Elemental Altus Royalties Corp. ("Elemental Altus" or the "Company") (TSXV:ELE) (OTCQX:ELEMF) announces its operating and financial results for the three and six months ended June 30, 2025.

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 ...