Orogen Royalties Reports Strong Q1 2026 Results with 144% Growth in Net Income

About this update from Orogen Royalties Incorporation

VANCOUVER, BC / ACCESS Newswire / May 26, 2026 / (TSXV:OGN )(OTCQB:OGNNF) Orogen Royalties Inc. ("Orogen" or the "Company") is pleased to report record revenue and after-tax profit for the three-month period ended March 31, 2026. Q1-2026 Highlights All figures are stated in Canadian dollars unless otherwise noted. Net Income from Operations: Net income was $4.4 million (2025 - $1.8 million) for the three-month period ended March 31, 2026, up 144% from Q1-2025. Including income tax expense, net comprehensive income was $3.5 million or $0.06 per share (2025 - $1.2 million), up 192% from Q1-2025. Royalty Revenue: Royalty revenue of $3.4 million (2025 - $2.1 million) was earned during Q1-2026 from 519 attributable gold equivalent ounces ("GEOs"), up 4% from 497 GEOs reported for Q1-2025, sold at average price of US$4,873 (2025 - US$2,860) per ounce. Prospect Generation: Revenue from prospect generation activities was $1.0 million (2025 - $0.5 million) in Q1-2026. After exploration expenses, net income from prospect generation activities was $0.9 million (2025 - $0.5 million), up 80% from Q1-2025. G&A Expenses: General and administrative expenses of $1.1 million (2025 - $1.7 million) were incurred in Q1-2026, down 35% compared to Q1-2025. Cash flow: Cash flow of $1.8 million (2025 - $1.2 million) was generated from operating activities in Q1-2026. Cash flow generated from operating activities, excluding changes in non-cash working capital, was $1.7 million (2025 - $1.1 million). Working Capital: The Company has working capital of $30.0 million at March 31, 2026, up from $26.3 million at the beginning of the fiscal year. The Company has no long-term debt. "We are pleased with our strong start to 2026, building on the momentum established last year with continued growth across our business," said Paddy Nicol, President and CEO. "Net income from operations increased 144% to $4.4 million, supported by higher gold prices and steady production from the Ermitaño mine. Our prospect generation model continued to perform strongly, delivering an 80% increase in net earnings and reinforcing its role as a core pillar of our strategy of organic royalty creation. At the same time, we maintained disciplined cost control, where G&A expenses were reduced by 35% year over year. We ended the quarter with $30 million in working capital, no debt, and strong operating cash f...

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