Business
Elemental Royalty Announces Record Quarterly Revenue and Adjusted EBITDA
Denver, Colorado--(Newsfile Corp. - May 13, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) ("Elemental" or the "Company") is pleased to report
About this update from Elemental Royalty Corporation
[{"type":"text","content":" Denver, Colorado--(Newsfile Corp. - May 13, 2026) - Elemental Royalty Corporation (NASDAQ: ELE) (TSX: ELE) (\"Elemental\" or the \"Company\") is pleased to report results for the three months ended March 31, 2026. For the quarter, Elemental delivered revenue of US$24.3 million, and adjusted EBITDA1 of US$17.7 million. Q1 2026 Financial Highlights Record quarterly revenue of US$24.3 million, up 83% over revenue plus attributable share of Caserones in Q1 20251; Gold Equivalent Ounces (\"GEOs\") of 4,983 for Q1 2026 (4,606 in Q1 2025), driven by significant contributions from Karlawinda, Bonikro, Timok, and Caserones; Record adjusted EBITDA of US$17.7 million, up 55% over adjusted EBITDA1 in Q1 2025, reflecting increased operating leverage and portfolio performance; Operating cash flow of US$14.5 million, up 340% over adjusted operating cash flow1 in the comparative period demonstrating strong cash flow conversion; and Cash and cash equivalents as of March 31, 2026 of US$69.1 million and working capital1 of US$92.5 million, demonstrating financial flexibility for growth. David M. Cole, Elemental Chief Executive Officer, commented: \"Q1 saw a strong start to the year for Elemental, with a significant increase in revenue supported by strong metal prices and contributions from Bonikro, Karlawinda, Timok, and Caserones. Following the transformational merger with EMX Royalty, Elemental now benefits from a larger, more diversified royalty portfolio with enhanced scale, resilience, and growth potential. During the quarter, we strengthened our financial capacity through a new US$150 million revolving credit facility, with a US$50 million accordion feature, providing enhanced flexibility to pursue meaningful growth opportunities. With a stronger balance sheet, supportive metal price environment, and broader base of cash-flowing assets, Elemental is well positioned to build on its Q1 momentum and continue delivering value for our shareholders.\" Investor Webinar An investor webinar will be held on Thursday May 14, 2026, starting at 11am Eastern Time, to discuss these results, followed by a question-and-answer session. To register for the investor webcast, please click the link below: https://app.webinar.net/1jd8kJRkVWo A replay of the event will be available on the Elemental website following the presentation. Summary of Financial Highlight...