Silver Crown Royalties Inc. (Cboe:SCRI, OTCQX:SLCRF, BF:QS0) released its audited financial results for the year ended December 31, 2025, highlighting record revenues and strategic portfolio expansion amid a surging silver market. The company reported revenue of $1,233,408, a significant increase from $581,337 in 2024, driven by minimum aggregate quarterly payments of 22,281 silver ounces compared to 14,525 ounces the prior year. The price of silver exceeded US$70 per ounce, an increase of over 100% during the fiscal year, bolstering the outlook for the company's royalty portfolio.
CEO Peter Bures stated, '2025 was a formative year for your company. We structured and acquired multiple royalties (specifically PPX and EDM) positioning us for aggressive revenue growth in 2026. With over C$7 million in cash and silver bullion on our balance sheet, we can add additional royalties without further dilution.' The company's total loss for the year was $4,309,043, compared to $3,593,343 in 2024, reflecting non-cash impairments and provisions for expected credit losses.
Key acquisitions included the PPX Royalty on PPX Mining Corp.'s Igor 4 Project in Peru, providing 15% of silver produced with a minimum of 14,062.5 ounces per quarter starting March 31, 2026. During 2025, PPX paid $276,637 in royalty payments, with exponentially higher payments anticipated as minimum obligations commence. Additionally, SCRi acquired a silver royalty on EDM Resources Inc.'s Scotia Mine in Nova Scotia, entitling 90% of net proceeds from silver sales, with a minimum of 1,750 ounces per quarter for 10 years. EDM continues to advance financing and permitting for a production restart.
On the PGDM Complex in Brazil, Pilar Gold Inc. faced temporary setbacks in restarting production, leading SCRi to recognize a $530,409 allowance for expected credit loss. The company remains optimistic about progress in 2026. At the Elk Gold Mine, operations halted in Q2 2025 due to financial challenges under the previous operator. A new team acquired the mine through receivership, but SCRi anticipates a temporary pause in cash inflows for approximately three years, resulting in a non-cash impairment of $940,446. The BacTech royalty in Ecuador also faced delays, leading to a full impairment provision.
SCRi's balance sheet remains strong with over C$7 million in cash and silver bullion, enabling further royalty acquisitions without dilution. The company's diversified portfolio includes five silver royalties, offering exposure to precious metals as a hedge against currency devaluation. For complete details, refer to the audited financial statements on SEDAR+ at sedarplus.ca or the company's website at silvercrownroyalties.com.
