Gold Royalty (GROY) Corporate presentation summary

Strategic growth and portfolio development

• Achieved positive free cash flow in Q2 2025 and maintains a net cash position as of December 2025, supporting strong growth potential.

• Built a diversified portfolio of over 250 royalties and streams, with a focus on Tier 1, long-life assets in low-risk jurisdictions.

• Maintains over 90% long-term value exposure to gold and 92% of 2025 revenue from gold, with the remainder from copper.

• Portfolio is concentrated in Canada, USA, Brazil, and Europe, with 57% of book value in Canada and 31% of 2025 revenue from Brazil.

• Growth strategy leverages four pillars: royalty financing, third-party acquisitions, corporate M&A, and internal royalty generation.

Financial performance and outlook

• Peer-leading growth expected, with attributable gold equivalent ounces (GEOs) projected to rise significantly by 2030.

• Scenario analysis shows strong revenue potential across a range of gold prices, with recurring cash operating expenses of $7-8M per year.

• 2026 guidance and 2030 outlook indicate robust growth relative to peers, with 119% GEO growth projected by 2030 versus 2025 actuals.

• No capital calls or future milestone payments required for fully paid portfolio assets.

• Attractive sector valuation with potential for re-rating as revenue and scale increase.

Asset highlights and catalysts

• Holds royalties on three of North America's five largest gold mines, including Canadian Malartic & Odyssey, Côté Gold, and Ren.

• Key assets such as Borborema, Vareš, and Pedra Branca provide near-term and long-term cash flow and growth opportunities.

• Numerous upcoming catalysts include plant expansions, technical studies, mine restarts, and production milestones across multiple assets.

• Embedded exploration upside with over 550,000 meters of drilling expected in 2026, providing zero-cost growth potential.

• Portfolio includes a mix of cash-flowing, development, and exploration-stage assets operated by premier mining companies.