Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Aug 11, 2026
AI Summary
Q2 2026

Record royalty revenue: Altius reported Q2 royalty revenue of CAD 30 million, a record quarter, helped by higher realized prices, copper stream timing, new lithium royalties, and stronger electricity royalty revenue.

Balance sheet reset: The company completed a CAD 174 million equity raise, upsized its credit facility to CAD 350 million, and ended the period with about CAD 500 million of total liquidity.

Dividend increase: The board approved a 10% dividend increase to CAD 0.11 per share, signaling confidence in cash generation and capital strength.

Portfolio growth: Management said lithium, electricity royalties, and project generation are all creating more growth opportunities, while GBR’s interest was raised from 29% to 50%.

Outlook improving: Management said lithium revenue estimates for the next several years were revised upward, and electricity royalties are at an “upwards inflection point” as projects advance.

Key Financials
Net earnings
CAD 8.6 million
Earnings per share
CAD 0.16
Royalty revenue
CAD 30 million
Adjusted EBITDA
CAD 23 million
Operating cash flow
CAD 14 million
Adjusted net earnings per share
CAD 0.14
Coles Wind investment
USD 12.4 million
Other investments
CAD 15 million
Royalty Capital Funds proceeds
CAD 42 million
Bought deal proceeds
CAD 174 million
Credit facility
CAD 350 million
Debt balance outstanding
CAD 87 million
Revolver draw
CAD 100 million
Total liquidity
approximately CAD 500 million
Available revolver capacity
CAD 163 million
Accordion capacity
CAD 150 million
Scheduled debt repayments
CAD 2 million
Cash dividends paid
CAD 5.2 million
Dividend
CAD 0.11 per share
Common shares issued under DRIP
approximately 7,000
GBR ownership
50%
ARR interest
USD 167 million
Battery shipments
approximately 3 terawatt hours
Sodium-ion market size
roughly 10 gigawatt hours
Energy storage shipments growth
70% year-over-year
Copper price change
approximately 4%
Nickel price change
approximately 4%
Operating-stage electricity projects
16
Construction-stage electricity projects
15
Earnings Call Recording

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