Royal Gold Inc cash flow statement

In fiscal 2025, Royal Gold Inc's operations generated $705m of cash. It returned $119m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Royal Gold Inc: cash flow statement, annual
Fiscal year	2014Jun 2014	2015Jun 2015	2016Jun 2016	2017Jun 2017	2018Jun 2018	2019Jun 2019	2020Jun 2020	2021Jun 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash from operations	147	192	169	267	329	253	341	407	417	416	530	705	1,044
Depreciation and amortisation	91	93	141	160	164	163	175	184	179	165	144	177	300
Stock-based pay	3	5	10	10	8	7	9	6	8	10	12	12	13
Dividends paid	53	56	59	61	64	67	71	76	92	99	105	119	140
Shares issued	1	1	—	—	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Royal Gold Inc: cash flow statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Cash from operations	137	141	136	153	174	242	294	335
Depreciation and amortisation	36	34	33	31	33	80	91	96
Stock-based pay	3	3	3	3	3	3	4	3

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Royal Gold Inc's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Royal Gold Inc.