EMPRESS REPORTS 2026 FIRST QUARTER FINANCIAL RESULTS  

Empress Royalty Corp. delivered exceptional first-quarter 2026 financial results that demonstrate the scalability and strength of its precious metals royalty and streaming business model. The company reported quarterly revenue of US$9.06 million and gross profit of US$6.75 million, representing increases of more than threefold and nearly quadruple respectively compared to the first quarter of 2025. Net income reached US$3.30 million while adjusted EBITDA hit US$5.79 million, highlighting the capital-efficient nature of the royalty model.

The company significantly strengthened its financial position during the quarter, adding US$11.09 million to its liquid metals holdings and bringing total current metals holdings to US$19.40 million. This enhanced liquidity, combined with growing cash flow generation, positions Empress to pursue disciplined growth opportunities while maintaining financial flexibility. The strong performance was driven by favorable gold and silver prices and sustained contributions across the company's diversified portfolio of producing assets.

Empress reaffirmed its full-year 2026 guidance, maintaining expectations for attributable gold equivalent ounces (GEOs) to range between 7,045 and 7,430 ounces. This guidance is based on conservative commodity price assumptions of US$2,400 per ounce for gold and US$30 per ounce for silver, providing downside protection while allowing for upside potential. The company's performance metrics emphasize GEOs as the core measurement to reduce dependency on volatile spot prices and better reflect underlying production from operators.

The results underscore Empress's successful execution of its strategy to build a diversified, cash-flowing portfolio that delivers sustainable value to shareholders. While the company acknowledges risks including commodity price volatility and operator-specific challenges, the strong Q1 performance and reaffirmed guidance demonstrate management's confidence in the portfolio's continued performance and the company's ability to capitalize on growth opportunities in the precious metals sector.