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 growth driven by a rising silver price and the acquisition of new royalties. The company reported revenues of $1,233,408, more than double the $581,337 generated in 2024, based on minimum quarterly payments for 22,281 silver ounces, up from 14,525 ounces in the prior year.
The surge in revenue was supported by a silver price trading above US$70 per ounce, an increase of over 100% during the fiscal year. Silver Crown completed the acquisition of a significant royalty on PPX Mining Corp.'s Igor 4 Project in Peru, which contributed $276,637 in payments during 2025 and is expected to generate exponentially higher payments starting in 2026 due to minimum payment obligations of 14,062.5 ounces per quarter. Additionally, the company acquired a royalty on EDM Resources Inc.'s Scotia Mine in Nova Scotia, which will provide a minimum of 7,000 ounces annually once commercial production begins.
Despite the revenue growth, Silver Crown reported a total loss of $4,309,043 for 2025, compared to a loss of $3,593,343 in 2024 and $1,483,543 in 2023. The increased loss was primarily due to impairment charges and credit loss provisions on certain royalty assets. The company recognized a non-cash impairment of $940,446 on the Gold Mountain Royalty, following the halt of operations at the Elk Gold mine due to the operator's financial challenges and subsequent receivership. An allowance for expected credit loss of $530,409 was recorded for royalties receivable from the PGDM Complex in Brazil, where production restart faced delays. Furthermore, a full impairment loss was recognized on the BacTech Royalty due to a lack of progress on their bioleaching facility in Ecuador.
As of December 31, 2025, Silver Crown held over C$7 million in cash and silver bullion, providing financial flexibility to acquire additional royalties without dilution. 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." The company's portfolio now includes five silver royalties, with a focus on generating free cash flow and providing investors exposure to precious metals as a hedge against currency devaluation.
The audited financial statements and management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca and on the company's website at silvercrownroyalties.com. The company's outlook remains positive, with expectations of significantly higher royalty payments from the PPX Royalty and potential production restart at the Scotia Mine and PGDM Complex in 2026.
