Vox Royalty Tops $16.6M in 2025 Receipts, Boosts EBITDA to $9.3M
Vox Royalty posted record 2025 receipts of $16.6 million—up 51%—and delivered $9.3 million in adjusted EBITDA ($0.17/share) with $10.7 million in operating cash flow. Q4 receipts hit $7.4 million while adjusted EBITDA rose to $4.9 million ($0.07/share) as the company repaid its credit facility and joined the GDXJ index.
1. Record Full-Year Financial Performance
Vox Royalty achieved record 2025 results with royalty and net precious metal receipts of $16.6 million, up from $11 million in 2024. The company generated $10.7 million in operating cash flow, delivered $9.3 million in adjusted EBITDA ($0.17/share), and realized an average net precious metal income of $91.06/oz.
2. Q4 Highlights and Strategic Developments
In Q4 2025, receipts reached $7.4 million, including $4.4 million in net precious metal income at $93.71/oz, driving adjusted EBITDA to $4.9 million ($0.07/share). Early 2026 achievements include full repayment of the revolving credit facility, amendment of a second stream agreement, new Australian royalty acquisitions, and inclusion in the GDXJ index.