Versamet Royalties Q4 Revenue Soars 465% to $18.4M, Net Income Jumps 307%
Versamet Royalties delivered record Q4 revenue of $18.4 million, up 465% year-over-year, and net income of $15.1 million, a 307% increase, while operating cash flow surged 1,126% to $13.9 million. For full-year 2025, revenue reached $34.8 million (up 189%) and net income hit $20.3 million, up 931%.
1. Record Q4 and Full-Year 2025 Results
Versamet achieved Q4 2025 revenue of $18.4 million (up 465% year-over-year), net income of $15.1 million (up 307%), operating cash flow of $13.9 million (up 1,126%) and adjusted EBITDA of $13.6 million (up 862%). For the full year, revenue totaled $34.8 million (up 189%), net income reached $20.3 million (up 931%), and adjusted EBITDA was $23.0 million (up 336%).
2. Strategic Acquisitions and Financing Activities
In 2025, Versamet added a copper stream on Endeavour Silver’s Kolpa mine, a silver stream on Rosh Pinah in Namibia, and a polymetallic royalty on Santa Rita. Post-quarter, the company completed a C$142 million equity financing, a C$22 million private placement, repaid C$126 million of debt and expanded its revolving credit facility to C$225 million.
3. NASDAQ Listing and 2026 Outlook
Common shares commenced trading on Nasdaq in March 2026, aiming to broaden investor reach. Management guided 2026 production to 20,000–23,000 gold equivalent ounces and plans to leverage new capital and robust cash flows for disciplined portfolio growth.