Metalla Reports Q1 Revenue of $3.1M, Up 82% Year-over-Year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2026
0mins
Reports Q1 revenue $3.1M vs. $1.7M last year. CEO Brett Heath commented, "Q1 of 2026 represents a step-change in cash flow and long-term value for Metalla shareholders. We delivered Adjusted EBITDA of $1.9M, a 115% increase over the prior-year period, and returned to net income on revenue of $3.1M, with our six producing royalties generating an operating cash margin of $4,848 per GEO. For 2026, we expect production to be weighted to the second half of the year as Tocantinzinho and Wharf advance toward their full-year guidance, La Parrilla and Amalgamated Kirkland contribute their first cash flows, and our cornerstone development assets Cote-Gosselin and Taca Taca continue to advance toward meaningful, value-creating milestones."
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Analyst Views on MTA
Wall Street analysts forecast MTA stock price to rise
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 6.760
Low
7.50
Averages
8.07
High
8.64
Current: 6.760
Low
7.50
Averages
8.07
High
8.64
About MTA
Metalla Royalty & Streaming Ltd. is a Canada-based precious and base metals royalty and streaming company. The Company focuses on acquiring gold, silver, and copper metal purchase agreements, Net Smelter Return (NSR) royalties, Gross Value Return (GVR) royalties, Net Profit Interests (NPI), Gross Proceeds (GP) royalties, Gross Overriding Return (GOR) royalties, Price Participation (PP) royalties, Net Proceeds (NP) royalties, and non-operating interests in mining projects. The Company owns about 100 royalties, streams, and other interests. Six of the royalties and streams are in the production stage, 41 are in the development stage, and the remainder are in the exploration stage. The Company’s streams and royalties include Tocantinzinho, Wharf, Aranzazu, La Guitarra, La Encantada, New Luika, Akasaba West, Amalgamated Kirkland, Aureus East, Hoyle Pond Extension, Timmins West Extension, Castle Mountain, Twin Metals, Vizcachitas, Wasamac, West Wall, Saddle North, and Zaruma, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Metalla Nominates Sandeep Singh for Board Election
- Board Nomination: Metalla Royalty & Streaming Ltd. has nominated Sandeep Singh for election to the board at the upcoming annual general meeting scheduled for June 23, 2026, indicating a strategic shift in board composition.
- Extensive Industry Experience: Sandeep Singh brings over 20 years of experience in the mining and royalty sectors, having previously served as CEO of Osisko Gold Royalties, where he successfully led a turnaround and positioned the company for growth, which is expected to provide valuable leadership and market insights to Metalla.
- Capital Markets Expertise: Singh's background as an investment banker in the North American metals and mining sector, where he played a key role in several significant M&A transactions, will aid Metalla in seizing future strategic opportunities.
- AGM Details Released: The AGM will take place at 10:00 a.m. Vancouver time at Suite 2700 – 1133 Melville Street, with relevant information posted on the company's website, ensuring shareholders are informed and able to participate in the voting process.
See More
Metalla Royalty Reports Q1 Earnings Miss
- Earnings Report: Metalla Royalty & Streaming's Q1 report reveals a GAAP EPS of $0.001, with revenue of $3.06M reflecting a 77.9% year-over-year increase, yet it misses expectations by $0.93M, indicating challenges in profitability.
- Revenue Growth: The 77.9% year-over-year revenue growth, while impressive, fails to meet market expectations, highlighting difficulties in expanding market share and improving sales efficiency, which could affect investor confidence.
- Small-Cap Growth Opportunity: Analysts suggest that despite the current earnings miss, Metalla is viewed as a potential buy in the small-cap growth stock category, attracting investor interest in its long-term growth potential.
- Historical Financial Data: Historical earnings data for Metalla indicates that despite facing short-term challenges, the company has shown a trend of growth in past financial performance, which may provide insights for future investment decisions.
See More
Metalla Reports Significant Growth in Q1 Financials
- Significant Revenue Growth: Metalla reported revenue of $3.1 million for Q1 2026, a 78% increase from $1.7 million in Q1 2025, indicating strong performance in royalty income and boosting investor confidence.
- Substantial EBITDA Improvement: The company achieved Adjusted EBITDA of $1.9 million, reflecting a 115% year-over-year increase, showcasing significant operational efficiency improvements that are expected to lay the groundwork for future cash flow and shareholder value creation.
- Gold Equivalent Ounces Returns: Metalla accrued 660 attributable Gold Equivalent Ounces (GEOs) in Q1 at an average realized price of $4,871 per GEO, demonstrating effective resource management and market pricing strategies that enhance overall profitability.
- Optimistic Future Production Outlook: With the advancement of the Tocantinzinho and Wharf projects, Metalla anticipates higher production levels in the second half of 2026, further driving revenue growth and strengthening market competitiveness.
See More
Metalla Reports Record Financial Results for Fiscal Year 2025
- Significant Revenue Growth: Metalla achieved record revenue of $11.7 million for fiscal year 2025, representing a 100% increase from 2024, reflecting the company's ongoing ramp-up of producing assets and strategic positioning towards high-quality royalties, which is expected to drive substantial future cash flow growth.
- Record Cash Flow and EBITDA: The company reported cash flow from operating activities of $4.4 million and adjusted EBITDA of $4.7 million, marking increases of 271% and 228% respectively compared to 2024, demonstrating significant improvements in cost control and asset utilization efficiency, thereby enhancing shareholder value.
- Increase in Gold Equivalent Ounces: Metalla accrued 3,436 Gold Equivalent Ounces in 2025, a 38% increase from 2024, which not only boosts the company's revenue potential but also lays the groundwork for future production growth, further solidifying its position in the precious metals market.
- Improved Financial Health: The company's net loss decreased to $4.2 million from $5.5 million in 2024, indicating progress in financial management and operational efficiency, providing stronger financial support for future investments and expansions.
See More
Metalla Royalty Reports 99.7% Revenue Growth for FY 2024
- Significant Revenue Growth: Metalla Royalty & Streaming reported FY 2024 revenue of $11.74 million, reflecting a substantial year-over-year increase of 99.7%, indicating strong performance in its royalty and streaming business, which further solidifies its market position.
- Adjusted EBITDA Improvement: The company recorded an adjusted EBITDA of $4.7 million, demonstrating enhanced operational efficiency alongside significant revenue growth, indicating positive progress in cost control and profitability.
- Reduced Net Loss: Although Metalla reported a net loss of $4.2 million, this marks an improvement from the $5.5 million net loss in FY 2024, showcasing a gradual recovery in financial health and boosting investor confidence.
- Increase in Gold Equivalent Ounces: The company received or accrued payments on 3,436 Gold Equivalent Ounces in FY 2024, representing a 38% increase compared to 2024, which not only strengthens its revenue base but also lays a solid foundation for future growth.
See More
Metalla Announces Record Revenue and Strategic Developments for 2025
- Record Revenue: Metalla anticipates a record revenue of $11.7 million from royalty and streaming interests for 2025, representing a 99% increase from $5.9 million in 2024, indicating strong performance and rising market demand in the mining sector.
- Increase in GEOs: The company expects attributable Gold Equivalent Ounces (GEOs) to reach 3,436 for 2025, a 38% increase from 2,481 GEOs in 2024, despite fourth-quarter performance being impacted by a safety incident at Endeavor Mine and below-forecast results at Wharf Mine.
- Strategic Investment Progress: Mitsubishi's $600 million strategic investment in the Copper World project has been successfully closed, with a Definitive Feasibility Study (DFS) expected in mid-2026 to support a sanction decision, further solidifying Metalla's position in the copper mining sector.
- Resource Expansion Plans: G Mining has set a $21 million resource expansion budget for the Gurupi project, with a preliminary economic assessment targeted for release in the second half of 2026, demonstrating Metalla's focus on future growth potential and proactive investment decisions.
See More
Metalla Nominates Sandeep Singh for Board Election
- Board Nomination: Metalla Royalty & Streaming Ltd. has nominated Sandeep Singh for election to the board at the upcoming annual general meeting scheduled for June 23, 2026, indicating a strategic shift in board composition.
- Extensive Industry Experience: Sandeep Singh brings over 20 years of experience in the mining and royalty sectors, having previously served as CEO of Osisko Gold Royalties, where he successfully led a turnaround and positioned the company for growth, which is expected to provide valuable leadership and market insights to Metalla.
- Capital Markets Expertise: Singh's background as an investment banker in the North American metals and mining sector, where he played a key role in several significant M&A transactions, will aid Metalla in seizing future strategic opportunities.
- AGM Details Released: The AGM will take place at 10:00 a.m. Vancouver time at Suite 2700 – 1133 Melville Street, with relevant information posted on the company's website, ensuring shareholders are informed and able to participate in the voting process.
See More
Metalla Royalty Reports Q1 Earnings Miss
- Earnings Report: Metalla Royalty & Streaming's Q1 report reveals a GAAP EPS of $0.001, with revenue of $3.06M reflecting a 77.9% year-over-year increase, yet it misses expectations by $0.93M, indicating challenges in profitability.
- Revenue Growth: The 77.9% year-over-year revenue growth, while impressive, fails to meet market expectations, highlighting difficulties in expanding market share and improving sales efficiency, which could affect investor confidence.
- Small-Cap Growth Opportunity: Analysts suggest that despite the current earnings miss, Metalla is viewed as a potential buy in the small-cap growth stock category, attracting investor interest in its long-term growth potential.
- Historical Financial Data: Historical earnings data for Metalla indicates that despite facing short-term challenges, the company has shown a trend of growth in past financial performance, which may provide insights for future investment decisions.
See More
Metalla Reports Significant Growth in Q1 Financials
- Significant Revenue Growth: Metalla reported revenue of $3.1 million for Q1 2026, a 78% increase from $1.7 million in Q1 2025, indicating strong performance in royalty income and boosting investor confidence.
- Substantial EBITDA Improvement: The company achieved Adjusted EBITDA of $1.9 million, reflecting a 115% year-over-year increase, showcasing significant operational efficiency improvements that are expected to lay the groundwork for future cash flow and shareholder value creation.
- Gold Equivalent Ounces Returns: Metalla accrued 660 attributable Gold Equivalent Ounces (GEOs) in Q1 at an average realized price of $4,871 per GEO, demonstrating effective resource management and market pricing strategies that enhance overall profitability.
- Optimistic Future Production Outlook: With the advancement of the Tocantinzinho and Wharf projects, Metalla anticipates higher production levels in the second half of 2026, further driving revenue growth and strengthening market competitiveness.
See More
Metalla Reports Record Financial Results for Fiscal Year 2025
- Significant Revenue Growth: Metalla achieved record revenue of $11.7 million for fiscal year 2025, representing a 100% increase from 2024, reflecting the company's ongoing ramp-up of producing assets and strategic positioning towards high-quality royalties, which is expected to drive substantial future cash flow growth.
- Record Cash Flow and EBITDA: The company reported cash flow from operating activities of $4.4 million and adjusted EBITDA of $4.7 million, marking increases of 271% and 228% respectively compared to 2024, demonstrating significant improvements in cost control and asset utilization efficiency, thereby enhancing shareholder value.
- Increase in Gold Equivalent Ounces: Metalla accrued 3,436 Gold Equivalent Ounces in 2025, a 38% increase from 2024, which not only boosts the company's revenue potential but also lays the groundwork for future production growth, further solidifying its position in the precious metals market.
- Improved Financial Health: The company's net loss decreased to $4.2 million from $5.5 million in 2024, indicating progress in financial management and operational efficiency, providing stronger financial support for future investments and expansions.
See More
Metalla Royalty Reports 99.7% Revenue Growth for FY 2024
- Significant Revenue Growth: Metalla Royalty & Streaming reported FY 2024 revenue of $11.74 million, reflecting a substantial year-over-year increase of 99.7%, indicating strong performance in its royalty and streaming business, which further solidifies its market position.
- Adjusted EBITDA Improvement: The company recorded an adjusted EBITDA of $4.7 million, demonstrating enhanced operational efficiency alongside significant revenue growth, indicating positive progress in cost control and profitability.
- Reduced Net Loss: Although Metalla reported a net loss of $4.2 million, this marks an improvement from the $5.5 million net loss in FY 2024, showcasing a gradual recovery in financial health and boosting investor confidence.
- Increase in Gold Equivalent Ounces: The company received or accrued payments on 3,436 Gold Equivalent Ounces in FY 2024, representing a 38% increase compared to 2024, which not only strengthens its revenue base but also lays a solid foundation for future growth.
See More
Metalla Announces Record Revenue and Strategic Developments for 2025
- Record Revenue: Metalla anticipates a record revenue of $11.7 million from royalty and streaming interests for 2025, representing a 99% increase from $5.9 million in 2024, indicating strong performance and rising market demand in the mining sector.
- Increase in GEOs: The company expects attributable Gold Equivalent Ounces (GEOs) to reach 3,436 for 2025, a 38% increase from 2,481 GEOs in 2024, despite fourth-quarter performance being impacted by a safety incident at Endeavor Mine and below-forecast results at Wharf Mine.
- Strategic Investment Progress: Mitsubishi's $600 million strategic investment in the Copper World project has been successfully closed, with a Definitive Feasibility Study (DFS) expected in mid-2026 to support a sanction decision, further solidifying Metalla's position in the copper mining sector.
- Resource Expansion Plans: G Mining has set a $21 million resource expansion budget for the Gurupi project, with a preliminary economic assessment targeted for release in the second half of 2026, demonstrating Metalla's focus on future growth potential and proactive investment decisions.
See More
