METALLA REPORTS RECORD FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2026 AND PROVIDES ASSET UPDATES

Metalla Royalty & Streaming Ltd. reported a significant turnaround for the second quarter of 2026, with revenue from royalty and stream interests rising 94% to $5.224 million, compared to $2.695 million in the same period of 2025. The company posted a net income of $1.223 million, reversing a net loss of $1.736 million recorded in Q2 2025. Adjusted EBITDA surged 159% to $3.850 million from $1.485 million in the prior year period. Basic and diluted earnings per share were $0.01, compared to a loss of $0.02 per share in Q2 2025.

For the first half of 2026, revenue reached $8.288 million against $4.416 million in H1 2025, while net income stood at $1.334 million versus a loss of $2.467 million. During the quarter, Metalla received or accrued 1,173 attributable GEOs, an increase from 840 in Q2 2025. The average realized price per attributable GEO was $4,504, up from $3,289 in the previous year. The company also received its inaugural cash flows from Agnico Eagle’s Amalgamated Kirkland royalty, with 6 GEOs accrued in Q2 2026.

Regarding operational milestones, La Parrilla completed its first concentrate shipments after the quarter ended, and Metalla continues to expect initial cash flows from the project in fiscal 2026. Additionally, IAMGOLD’s updated Côté-Gosselin resource consolidated to 20.3 moz of Measured and Indicated gold and 3.5 moz of Inferred gold.

Metalla reaffirmed its full-year 2026 attributable GEO guidance at 3,500 to 4,500 GEOs, with production weighted to the second half of 2026. Corporate developments included the appointment of a new director, the filing of a base shelf prospectus, and a Native Ads investor awareness agreement valued at up to $315,000.

Metalla Royalty & Streaming Ltd. (MTA) reported a second-quarter financial acceleration that, while strong, did not constitute a material positive surprise for the market. The company posted revenue growth of 70.5% quarter-over-quarter, adjusted EBITDA increased by 106.7% quarter-over-quarter, and gross operating earnings (GEOs) rose 77.7% quarter-over-quarter, outperforming both the second quarter of 2025 and the first quarter of 2026.

Despite these improved metrics, full-year 2026 guidance remained unchanged, meaning the results did not exceed prior market expectations. Much of the portfolio news contained in the release had already been made public. IAMGOLD issued the Côté-Gosselin resource on June 1, Agnico disclosed trucking and first production details on July 29, and Coeur reported Wharf’s second-quarter recovery on August 5.

The stock had already repriced significantly ahead of the earnings print, rising from $9.14 on March 26, 2026, to $12.72 on August 12, 2026, representing a gain of approximately 39%. While the release confirms an inflection point in the portfolio, it is not considered transformative on its own.

Metalla Royalty & Streaming Ltd. is an emerging mid-tier precious and base metals royalty and streaming company. Its portfolio consists of nearly 100 royalties and streams covering approximately 660,000 hectares. The net present value (NPV) split is 63% gold, 21% copper, 12% silver, and 4% other. Geographically, the NPV is split 55% North America, 38% South America, and 7% Australia.

Key producing royalties include Tocantinzinho (0.75% GVR), Wharf (1.0% GVR), Aranzazu (1.0% NSR), Endeavor (4.0% NSR), La Guitarra (2.0% NSR), La Encantada (100% GVR capped at 1 koz per year), Amalgamated Kirkland (0.45% NSR), and La Parrilla (2.0% NSR).

Key development royalties include Côté-Gosselin (1.5% NSR), Taca Taca (0.42% NSR), Copper World (0.315% NSR), Castle Mountain (5.0% NSR), Fosterville (2.5% GVR), Joaquin (2.0% NSR), Gurupi (tiered NSR), Wasamac (1.5% NSR), and Del Toro (2.0% NSR).