Metalla Royalty & Streaming Returns to Profit in First Quarter
The precious metals royalty company reported net income of $111,000 for the three months ended March 31, 2026
Metalla Royalty & Streaming Ltd. (MTA), a precious metals royalty and streaming company, returned to profitability in the first quarter of 2026. The company reported net income of $111,000 for the three months ended March 31, 2026, compared to a net loss of $731,000 for the same period in 2025.
Revenue from royalty interests rose to $3.064 million from $1.721 million in the prior-year period. This growth contributed to a gross profit of $2.7 million, up from $1.224 million in the first quarter of 2025. Earnings from operations were $373,000, a reversal from an operational loss of $221,000 a year earlier.
Operating expenses increased during the period. General and administrative expenses rose to $1.547 million from $899,000. Share-based payments also increased to $780,000 from $546,000.
Cash flow from operating activities was $1.023 million, compared to $631,000 in the first quarter of 2025. The company used $1.063 million in investing activities, which included a $1.250 million settlement of acquisition payables. Financing activities provided $249,000, aided by $501,000 in proceeds from the exercise of stock options.
As of March 31, 2026, the company held $9.971 million in cash and cash equivalents. Total assets stood at $270.033 million, with royalty, stream, and other interests valued at $255.687 million. Total liabilities decreased to $16.888 million from $19.113 million as of December 31, 2025.
Equity increased to $253.145 million from $251.753 million at the end of 2025. This change followed the exercise of stock options and the vesting of restricted share units.