Triple Flag Precious Metals Corp. · TSX:TFPM
Triple Flag Precious Metals — FY2025 Earnings Presentation
14 slides from Triple Flag Precious Metals's earnings presentation, Feb 19, 2026
Slide 1: 2025 Results: Record Per Share Growth
2025 RESULTS RECORD PER SHARE GROWTH February 19, 2026 TSX TFPM | NYSE TFPM February 2026 TRIPLE FLAG PRECIOUS METALS
Slide 2: Cautionary Statements
CAUTIONARY STATEMENTS This presentation does not constitute an offer to sell or a solicitation of an offer to purchase any security in any jurisdiction Cautionary Note Regarding Forward-Looking Information and Statements: This presentation contains “forward-looking information” within the meaning of
Slide 3: Presenters
2025 RESULTS PRESENTERS Sheldon Vanderkooy Eban Bari James Dendle CEO and Director CFO COO TRIPLE FLAG PRECIOUS METALS Sheldon Vanderkooy, CEO 3
Slide 4: Triple Flag 2025
2025 RESULTS TRIPLE FLAG 2025 Record 2025 GEOs and financial results 113 koz GEOs, achieved the upper half of guidance 1 $325M Adjusted EBITDA 2 $1.54 CFPS, up from $1.06 in 2024 2026E guidance of 95-105 koz 1 2030E GEOs outlook of 140-150 koz 1 Multiple assets advancing across constru
Slide 5: 2025 Financials
2025 RESULTS 2025 Financials $ thousands, except GEOs and per share metrics Q4 2025 Q4 2024 2025 2024 Gold Equivalent Ounces (GEOs) 1 28,757 27,864 113,237 112,623 Revenue $118,916 $74,213 $388,704 $268,991 Year-over-year Net Earnings (Loss) $76,832 $41,280 $240,005 ($23,084) Net Earnings (Loss) per
Slide 6: 2026E Guidance
2025 RESULTS 2026E GUIDANCE 2026E Guidance Gold Equivalent Ounces (GEOs) 1 95-105 koz Depletion $65-75M G&A $30-32M Australian Cash Tax Rate 3 ~25% 72x Au/Ag Price Ratio 2 Q1 64x | Q2 70x | Q3 75x | Q4 80x Figures in US$M unless otherwise noted 1) GEOs are calculated on a quarterly basis by dividing
Slide 7: Robust GEOs Growth
2025 RESULTS ROBUST GEOs GROWTH 140-150 koz GEOs Growth Meaningful GEOs growth beyond 2030 from Arthur, Northparkes, Kemess, Hope Bay and advanced development projects 95-105 koz KONE 112.6 113.2 GEOs 100+ Assets in Various Stages of Development 105.1 Gold Equivalent Ounces (koz) 83.6 84.6 63.1 GOLD
Slide 8: Growth Catalysts
2025 RESULTS GROWTH CATALYSTS Multiple assets advancing across construction, permitting and study stages ASSET DEVELOPMENT UPDATE TIMELINE Arcata Production ramp-up; operation restarted in Q4 2025 Kone Construction on schedule; initial production targeted in Q4 2026 Eskay Creek Final permits r
Slide 9: Growth Beyond 2030
2025 RESULTS GROWTH BEYOND 2030 Diversified across long-life district scale systems in Nevada, BC, Nunavut and Australia ARTHUR KEMESS HOPE BAY NORTHPARKES 1.0% NSR ROYALTY 100% AG STREAM 1 1.0% NSR ROYALTY 54% AU | 80% AG STREAM 2 NEVADA, US BC, CANADA NUNAVUT, CANADA NSW, AUSTRALIA • Rapid resourc
Slide 10: Northparkes
2025 RESULTS NORTHPARKES Numerous growth projects approved unlocking value from world-class copper/gold resource E48 SLC ramping up in 2026 Supports near-term production growth E22 block cave approved Long-life, low-cost bulk underground operation Initial cave production from end of Evolution’s FY20
Slide 11: Triple Flag Overview
2025 RESULTS TRIPLE FLAG OVERVIEW Track record, continued organic growth and capital to grow value Leading Sustainability $7.4B 95-105 koz 140-150 koz Ratings 2026E GEOs 2030E GEOs Market Cap 1 Guidance Outlook 2 Leading Insider 239 Assets $0.23/sh ~$1.0B Ownership and Alignment 34 Producing Assets
Slide 12: Q&A
Q&A Arthur TRIPLE FLAG TSX:TFPM PRECIOUS METALS | NYSE:TFPM 12
Slide 13: Non-IFRS Measures
APPENDIX NON-IFRS MEASURES Adjusted Net Earnings and Adjusted Net Earnings per Share Adjusted net earnings is a non IFRS financial measure, which excludes the following from net earnings: impairment charges, write-downs, and reversals, including expected credit losses; gain/loss on sale or dispositi
Slide 14: Reconciliation to IFRS Measures
APPENDIX RECONCILIATION TO IFRS MEASURES Adjusted Net Earnings Adjusted EBITDA Three months ended December 31, Year ended December 31, Three months ended December 31, Year ended December 31, ($ thousands, except share and per share information) 2025 2024 2025 2024 ($ thousands) 2025 2024 2025 2024 N
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