Vox Royalty Corp. (NASDAQ:VOXR) reported fourth-quarter results on Tuesday that beat earnings expectations but missed revenue forecasts, even as the mining royalty company delivered record annual figures supported by new streaming income.
The company posted adjusted earnings per share of $0.09 for the quarter, exceeding the analyst consensus estimate of $0.00. However, revenue came in at $3 million, below the $4.04 million expected by analysts.
The quarterly revenue marked a 3% increase from $2.9 million recorded in the fourth quarter of 2024.
Vox generated record quarterly royalty and net precious metal receipts of $7.4 million, compared with $2.9 million in the same period last year, including $4.4 million in net precious metal income tied to its streaming agreements.
For the full year 2025, the company reported record royalty and net precious metal receipts of $16.6 million, up from $11 million in 2024.
Operating cash flow also reached a new high, totaling $10.7 million compared with $5.5 million in the prior year, while adjusted EBITDA rose to $9.3 million, or $0.17 per share, versus $4.6 million, or $0.09 per share, in 2024.
“We are pleased to deliver strong 2025 financial results to our shareholders, marked by record annual receipts, record operating cash flows generated and robust organic growth across our royalty and streaming portfolio,” said Kyle Floyd, Chief Executive Officer.
In the fourth quarter, the company’s commodity exposure consisted of 75% gold and 25% other metals, primarily copper and iron ore. Vox reported average net precious metal income of $93.71 per ounce during the quarter.
The company ended 2025 having fully repaid its revolving credit facility, and it was also added to the GDXJ index.