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Tortola, British Virgin Islands--(Newsfile Corp. - April 25, 2025) - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the "Company" or "Sailfish") is pleased to announce its operating and financial results for the year and fourth quarter ended December 31, 2024 ("Q4 2024"). All amounts are in U.S. dollars unless otherwise indicated.
2024 Highlights:
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Gold ounces earned from stream interests of 782 for the year ended December 31, 2024 (2023 - 1,078);
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Royalty revenue earned of $974,644 for the year ended December 31, 2024 (2023 - $261,106);
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The Company received and sold 160,067 ounces of silver (2023 - 96,433 ounces) relating to its Silver Receivable for proceeds of $4,404,493 for the year ended December 31, 2024 (2023 - $2,217,488);
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Total revenues of $2,839,933 for the year ended December 31, 2024 (2023 - $2,333,092);
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Gross profit of $1,866,811 for the year ended December 31, 2024 (2023 - $1,391,272);
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Net income of $550,033 for the year ended December 31, 2024 (2023 - net loss of $1,105,864);
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Repurchased for cancellation an aggregate of 1,836,300 common shares of the Company under the current normal course issuer bid for the year ended December 31, 2024 (2023 - 1,080,400); and
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Declared a Q1 2024, Q2 2024, Q3 2024 and Q4 2024 quarterly dividend of $0.0125 per common share which were paid on April 15, 2024, July 15, 2024, October 15, 2024 and January 15, 2025, respectively.
Summary of Annual Results:
|
| | | Year ended December 31, 2024 | | | Year ended December 31, 2023 | |
| Consolidated statements of Income (loss) and comprehensive Income (loss) | | $ | | | $ | | |
| | | | | | | | |
| | Revenues | | 2,839,933 | | | 2,333,092 | |
| | Gross profit | | 1,866,811 | | | 1,391,272 | |
| | Net income (loss) | | 550,033 | | | (1,105,864 | ) |
| | Net income (loss) per share from continuing operations (basic and diluted) | | 0.01 | | | (0.01 | ) |
Q4 2024 Highlights:
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Gold ounces earned from stream interests of 111 for the three months ended December 31, 2024 (2023 - 243);
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Royalty revenue earned of $432,871 for the three months ended December 31, 2024 (2023 - $246,445);
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Total revenues of $725,712 for the three months ended December 31, 2024 (2023 - $712,988);
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Gross profit of $ $599,002 for the three months ended December 31, 2024 (2023 - $499,999); and
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Net loss of $601,824 for the three months ended December 31, 2024 (2023 - net income of $204,956).
Summary of Quarterly Results:
| | | | Three months ended December 31, 2024 | | | Three months ended December 31, 2023 | |
| Condensed interim consolidated statements of income (loss) and comprehensive income (loss) | | $ | | | $ | | |
| | | | | | | | |
| | Revenues | | 725,712 | | | 712,988 | |
| | Gross profit | | 599,002 | | | 499,999 | |
| | Net income (loss) | | (601,824 | ) | | 204,956 | |
| | Net income (loss) per share from continuing operations (basic and diluted) | | (0.01 | ) | | 0.00 | |