Royalty Management Holding Corporation (Nasdaq: RMCO) reported second quarter 2026 revenue of approximately $1.83 million, a 38% increase from $1.33 million in the same period of 2025. The company generated net income of approximately $375,000 for the quarter, compared with a net loss of roughly $50,000 in the prior-year quarter. For the first half of 2026, total revenue climbed about 54% to $3.47 million from $2.25 million in the first six months of 2025. The growth was primarily driven by the company's environmental services operations, which produced approximately $3.42 million in first-half revenue and about $216,000 in segment operating income.
As of June 30, 2026, Royalty Management held total assets of approximately $16.82 million and maintained positive working capital of about $646,000. The company also continued its quarterly common-stock dividend of $0.0025 per share, consistent with its announced annual dividend rate of $0.01 per share.
"Our second-quarter profitability and continued revenue growth demonstrate the progress we are making in building a diversified platform of cash-generating businesses, royalties and strategic investments," said Thomas Sauve, Chief Executive Officer. "Revenue grew approximately 38% during the quarter and more than 54% during the first half of the year, reflecting the strength of our environmental services business and the scalability of our broader platform."
Sauve added, "We believe Royalty Management is still in the early stages of realizing the value of its portfolio. Our objective is to use income generated by our operating assets to support the development of additional royalty interests across natural resources, critical minerals, environmental services and emerging technologies. We remain focused on disciplined growth, expanding recurring revenue and delivering long-term value to our shareholders while continuing our quarterly dividend."
In addition to the operational performance, the company noted initial realization from its investment in intellectual property development for ReElement Technologies Corp., a refiner of critical minerals and rare earth elements. Royalty Management began receiving initial royalties from this intellectual property in the second quarter, and expects these revenues to increase as ReElement expands its operations and use of the patents.
The second quarter net income included a non-cash gain of approximately $420,000 related to the quarterly fair-value adjustment of its warrant liability. This accounting adjustment is tied primarily to changes in the market price of the company's common stock and may cause fluctuations in reported net income between periods.
Royalty Management's environmental services business remains its principal revenue contributor, providing a foundation of revenue and operating cash generation to support the continued expansion of its royalty and investment portfolio. The company's complete unaudited financial statements are available in its Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission.
Royalty Management Holding Corporation is a royalty company focused on acquiring and developing high value assets in resource-driven and emerging technology industries. For more information, visit www.royaltymgmtcorp.com.
