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 ...