Silver Crown Royalties Inc. (Cboe: SCRI, OTCQX: SLCRF, BF: QS0) released its audited financial results for the year ended December 31, 2025, highlighting record revenue and significant portfolio developments. The company, which focuses on silver royalties, reported revenue of $1,233,408 for the year, based on minimum aggregate quarterly payments of 22,281 silver ounces, compared to $581,337 in 2024. This growth was fueled by a silver price surge of over 100% during the fiscal year, with silver currently trading above US$70 per ounce.
Despite the revenue increase, the company reported a net loss of $4,309,043 for 2025, compared to a loss of $3,593,343 in 2024. The larger loss reflects impairments and credit loss provisions on certain royalty assets, including a $940,446 non-cash impairment on the Gold Mountain Royalty and a $530,409 allowance for expected credit loss on the PGDM Complex royalty. The company ended the year with over C$7 million in cash and silver bullion, providing financial flexibility without the need for equity dilution.
Key strategic moves in 2025 included the acquisition of a 15% silver royalty on PPX Mining's Igor 4 Project in Peru for US$2,740,000, which includes minimum quarterly payments of 14,062.50 ounces starting March 31, 2026. Additionally, SCRi acquired a 90% net proceeds silver royalty on EDM Resources' Scotia Mine in Nova Scotia, with minimum annual deliveries of 7,000 ounces over 10 years once commercial production begins. CEO Peter Bures stated, "2025 was a formative year for your company. We structured and acquired multiple royalties positioning us for aggressive revenue growth in 2026."
However, not all operations progressed as planned. At the PGDM Complex in Brazil, operator Pilar Gold Inc. faced temporary setbacks in restarting production, leading to a credit loss provision. At the Elk Gold Mine, operations halted in Q2 2025 due to the previous operator's financial difficulties, but a new owner acquired the mine through receivership, with production expected to resume in about three years. The BacTech royalty in Ecuador also saw no significant progress, resulting in a full impairment provision.
Looking ahead, SCRi anticipates exponentially higher payments from the PPX Royalty as minimum payments commence, and remains optimistic about the Scotia Mine and PGDM Complex developments. The company continues to evaluate additional royalty opportunities from its robust pipeline. For complete details, refer to the audited financial statements on SEDAR+ or the company's website at silvercrownroyalties.com.
Silver Crown Royalties is a publicly traded silver royalty company dedicated to generating free cash flow, currently holding five silver royalties. The company's business model offers investors exposure to precious metals as a hedge against currency devaluation while mitigating production cost inflation.
