David Garofalo, Chairman and CEO of Gold Royalty, commented: “The continued ramp-up of our portfolio, with new mines entering production, has delivered another quarter of record revenue and record Total Revenue, Land Agreement Proceeds and Interest. With positive cash flow and additional proceeds from warrant exercises, we have further reduced debt, lowered interest costs, and strengthened our balance sheet. Our disciplined approach keeps us on track to continue using cash generated from operations to de-lever throughout 2026.”

Third Quarter 2025 Results Highlights:

• Record revenue of $4.1 million and Total Revenue, Land Agreement Proceeds and Interest* of $4.6 million from 1,323 gold equivalent ounces (GEOs)* in the quarter.
• Record Adjusted EBITDA* of $2.5 million and record positive cash flow from operations of $2.4 million in the quarter.
• Responsible capital allocation. Gold Royalty repaid $2.0 million to our existing revolving credit facility in the third quarter and has repad a further $5 million to the facility subsequent to quarter end. We expect to continue using cash generated from operations to de-lever throughout 2026.

Further Informaton is attached.