Triple Flag Precious Metals Corp (TFPM) financial statements: income statement, balance sheet and cash flow
Triple Flag Precious Metals Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Triple Flag Precious Metals Corp reported revenue of $388.7M (+44.5% year on year) and net income of $240.0M (+1139.7% year on year).
Income statement
Triple Flag Precious Metals Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Revenue
$388.7M
$269.0M
$204.0M
$151.9M
Cost of sales excluding depletion
($46.5M)
($38.2M)
$36.8M
$14.8M
Depletion
($79.3M)
($75.6M)
$65.1M
$50.1M
Gross profit
$262.9M
$155.2M
$102.1M
$87.0M
General administration costs
($30.5M)
($21.8M)
$20.1M
$15.5M
Business development costs
($5.6M)
($3.4M)
$4.2M
$3.0M
Impairment reversal (charges) and expected credit losses
$4.3M
($148.0M)
—
—
Other expenses
$10.3M
—
—
—
Operating income (loss)
$220.8M
($18.0M)
$40.3M
$64.1M
Increase in fair value of investments and prepaid gold interests
$46.2M
$12.8M
$1.5M
($4.1M)
Gain on disposition of mineral interests
$6.7M
$0
($1.0M)
$2.1M
Finance costs, net
($3.5M)
($5.1M)
($4.1M)
($1.4M)
Sustainability initiatives
($531.0K)
($903.0K)
$670.0K
$805.0K
Foreign currency translation gain (loss)
($414.0K)
$181.0K
($218.0K)
($352.0K)
Other expenses
$0
($1.8M)
—
($500.0K)
Other income (expenses)
$48.5M
$5.2M
($3.9M)
($4.2M)
Earnings (loss) before income taxes
$269.4M
($12.8M)
$36.4M
$59.9M
Income tax expense
($29.4M)
($10.3M)
($107.0K)
($4.8M)
Net earnings (loss)
$240.0M
($23.1M)
$36.3M
$55.1M
Earnings (loss) per share - Basic (in dollars per share)
$1.18
-$0.11
$0.18
$0.35
Earnings (loss) per share - Diluted (in dollars per share)
$1.18
-$0.11
$0.18
$0.35
Changes in fair value of derivatives designed as cash flow hedges
$1.5M
—
—
—
Tax expense relating to changes in fair value of derivatives
($396.0K)
—
—
—
Other comprehensive income
$1.1M
—
—
—
Total comprehensive income (loss)
$241.1M
—
—
—
Triple Flag Precious Metals Corp income statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Revenue
$276.2M
$176.3M
$121.1M
$102.9M
Cost of sales excluding depletion
($45.6M)
($22.8M)
($14.1M)
$21.4M
Depletion
($36.5M)
($41.2M)
($34.9M)
$31.7M
Gross profit
$194.1M
$112.3M
$72.2M
$49.8M
General administration costs
($10.1M)
($13.8M)
($12.0M)
$10.9M
Business development costs
($1.3M)
($2.0M)
($2.2M)
$2.4M
Impairment reversal
$0
—
—
—
Operating income
$182.8M
$99.0M
($90.0M)
$36.4M
Increase (decrease) in fair value of investments, prepaid gold interests and other
$26.1M
$12.5M
$5.5M
$2.7M
Gain on disposition of mineral interests
$79.5M
—
$0
—
Finance costs, net
($218.0K)
($1.5M)
($2.7M)
($2.6M)
Sustainability and other expenses
($384.0K)
—
—
—
Other income
$104.9M
$10.9M
($991.0K)
($827.0K)
Earnings before income taxes
$287.7M
$109.8M
($91.0M)
$35.6M
Income tax expense
($14.4M)
($8.6M)
($3.0M)
($3.0M)
Net earnings
$273.2M
$101.3M
($94.0M)
$32.6M
Earnings per share - Basic (in dollars per share)
$1.32
$0.50
-$0.47
$0.17
Earnings per share - Diluted (in dollars per share)
$1.32
$0.50
-$0.47
$0.17
Increase in fair value of derivatives designated as cash flow hedge
$0
$1.8M
—
—
Tax expense relating to changes in fair value of derivatives
$0
($484.0K)
—
—
Other comprehensive income
$0
$1.3M
—
—
Total comprehensive income
$273.2M
$102.6M
—
—
Balance sheet
Triple Flag Precious Metals Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$71.3M
$36.2M
$17.4M
$71.1M
Amounts receivable and other
$22.8M
$17.0M
$20.2M
$9.6M
Prepaid gold interests
$33.5M
$14.3M
—
—
Investments and other
$17.4M
$3.0M
—
—
Inventory
$4.7M
$3.8M
$1.4M
—
Income tax receivable
$0
$1.1M
$1.6M
—
Loans receivable
$3.1M
$284.0K
—
$11.1M
Current assets
$152.8M
$75.6M
$57.0M
$90.6M
Mineral interests
$1.9B
$1.6B
$1.8B
$1.2B
Prepaid gold interests
$57.5M
$35.3M
—
—
Deferred income tax
$5.9M
$8.4M
$9.3M
$2.6M
Loans receivable
$0
$1.5M
—
—
Other assets
$2.9M
$2.5M
$3.5M
$4.5M
Non-current assets
$2.0B
$1.7B
$1.8B
$1.2B
Total Assets
$2.1B
$1.8B
$1.9B
$1.3B
Amounts payable and other liabilities
$35.1M
$23.1M
$15.7M
$11.3M
Income tax payable
$3.5M
$3.7M
$1.3M
$989.0K
Lease obligation
$379.0K
$318.0K
$390.0K
$277.0K
Current liabilities
$38.9M
$27.1M
$17.3M
$12.6M
Deferred income tax
$20.1M
$2.9M
$3.6M
$1.5M
Lease obligation
$1.1M
$1.4M
$1.8M
$1.6M
Debt
$0
$0
$57.0M
—
Other non-current liabilities
$8.2M
$2.8M
$4.0M
$2.8M
Non-current liabilities
$29.3M
$7.1M
$66.4M
$6.0M
Share capital
$1.9B
$1.7B
$1.7B
$1.3B
Retained earnings (deficit)
$164.9M
($23.8M)
$46.8M
$63.7M
Other
$15.4M
$15.2M
$14.7M
$4.6M
Shareholders' equity
$2.0B
$1.7B
$1.8B
$1.3B
Total Liabilities and Shareholders' Equity
$2.1B
$1.8B
$1.9B
$1.3B
Triple Flag Precious Metals Corp balance sheet, quarters
Line item
Jun 30, 2026
Jun 30, 2025
Jun 30, 2024
Jun 30, 2023
Cash and cash equivalents
$15.2M
$81.8M
$21.1M
$16.4M
Amounts receivable and other
$25.9M
$18.3M
$17.3M
$14.8M
Inventory
$0
$1.9M
$2.1M
—
Prepaid gold interests and other
$55.9M
$14.9M
$12.8M
—
Investments
$19.9M
$4.5M
$3.0M
—
Income tax receivable
$1.2M
$1.2M
$2.1M
$460.0K
Loans receivable
$2.7M
$0
$0
$2.0M
Current assets
$120.9M
$122.7M
$58.4M
$49.2M
Mineral interests
$2.3B
$1.7B
$1.6B
$1.8B
Prepaid gold interests and other
$126.7M
$36.8M
$33.3M
—
Deferred income tax
$4.3M
$7.8M
$10.5M
$3.8M
Other assets
$3.9M
$3.2M
$3.0M
$4.0M
Non-current assets
$2.5B
$1.7B
$1.7B
$1.9B
Total Assets
$2.6B
$1.8B
$1.7B
$1.9B
Amounts payable and other liabilities
$21.8M
$25.5M
$6.5M
$7.3M
Income tax payable
$10.7M
$3.2M
$3.2M
$3.0M
Lease obligation
$397.0K
$361.0K
$393.0K
$376.0K
Current liabilities
$32.9M
$29.1M
$10.1M
$10.6M
Deferred income tax
$17.9M
$5.4M
$1.2M
$902.0K
Lease obligation
$793.0K
$1.2M
$1.5M
$1.9M
Debt
$235.0M
$0
$20.0M
$65.0M
Other non-current liabilities
$3.3M
$4.9M
$7.2M
$3.4M
Non-current liabilities
$256.9M
$11.5M
$29.9M
$71.2M
Share capital
$1.9B
$1.7B
$1.8B
$1.8B
Retained earnings
$404.6M
$51.3M
($65.3M)
$70.3M
Other
$15.4M
$15.4M
$15.8M
$11.8M
Shareholders' equity
$2.3B
$1.8B
$1.7B
$1.8B
Total Liabilities and Shareholders' Equity
$2.6B
$1.8B
$1.7B
$1.9B
Cash flow statement
Triple Flag Precious Metals Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings (loss)
$240.0M
($23.1M)
$36.3M
$55.1M
Depletion
$79.3M
$75.6M
$65.1M
$50.1M
Non-cash cost of sales from prepaid gold interests
$19.1M
$16.9M
$16.0M
$836.0K
Amortization
$323.0K
$346.0K
$369.0K
$374.0K
Impairment (reversal) charges and expected credit losses
($4.3M)
$148.0M
—
—
Loss on disposal of mineral interests
($6.7M)
$0
$1.0M
($2.1M)
Increase in fair value of investments and prepaid gold interests
($46.2M)
($12.8M)
($1.5M)
$4.1M
Stock-based compensation expense
$292.0K
$422.0K
$3.4M
$3.3M
Income tax expense
$29.4M
$10.3M
$107.0K
$4.8M
Finance and other costs, net
$3.9M
$5.0M
$4.3M
$3.8M
Operating cash flow before working capital and taxes
$315.0M
$220.7M
$162.0M
$123.8M
Income taxes paid, net
($11.6M)
($7.0M)
($6.1M)
($5.0M)
Change in working capital
$9.4M
($226.0K)
($1.7M)
($400.0K)
Operating cash flow
$312.8M
$213.5M
$154.1M
$118.4M
Acquisition of mineral interests
($218.6M)
($57.5M)
($190.9M)
($52.3M)
Proceeds on disposal of mineral interests
$2.0M
$366.0K
$1.7M
$4.5M
Proceeds on sale of investments
$2.0M
$3.1M
—
$6.3M
Recovery (acquisition) of loan receivables
$4.3M
—
—
—
Acquisition of prepaid gold interests and investments
($7.7M)
($13.3M)
($2.7M)
($2.6M)
Net cash used in investing activities
($218.0M)
($82.0M)
($213.0M)
($48.9M)
Proceeds from issuance of debt
$113.0M
$63.0M
$130.0M
—
Repayments of debt
($113.0M)
($120.0M)
($73.0M)
—
Proceeds from exercise of stock options and warrants
$146.0K
$1.8M
$16.8M
—
Normal course issuer bid ("NCIB") purchase of common shares
-9.0M
-8.9M
-20.7M
-4.1M
Dividends paid
($45.8M)
($43.3M)
($41.3M)
($30.4M)
Repayments and interest on lease obligation
($457.0K)
($431.0K)
($436.0K)
($359.0K)
Payment of interest
($3.1M)
($4.7M)
($6.3M)
($2.0M)
Debt issue costs
($1.6M)
—
—
($1.8M)
Net cash used in financing activities
($59.9M)
($112.6M)
$5.1M
($38.8M)
Effect of exchange rate changes on cash and cash equivalents
$36.0K
($77.0K)
($1.0K)
($284.0K)
Increase (decrease) in cash and cash equivalents during the period
$35.0M
$18.9M
($53.7M)
$30.4M
Cash and cash equivalents at beginning of the period
$36.2M
$17.4M
$71.1M
$40.7M
Cash and cash equivalents at end of the period
$71.3M
—
—
$71.1M
Triple Flag Precious Metals Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Jun 30, 2025 · YTD
Jun 30, 2024 · YTD
Jun 30, 2023 · YTD
Net earnings
$273.2M
$101.3M
($94.0M)
$32.6M
Depletion
$36.5M
$41.2M
$34.9M
$31.7M
Non-cash cost of sales from prepaid gold interests and other
$26.5M
$9.2M
$4.6M
$10.5M
Amortization
$133.0K
$172.0K
$175.0K
$184.0K
Impairment reversal
$0
—
—
—
Gain on disposal of mineral interests
($79.5M)
—
$0
$1.0M
Decrease (increase) in fair value of investments, prepaid gold interests and other
($26.1M)
($12.5M)
—
—
Stock-based compensation
$785.0K
$292.0K
$1.1M
$1.8M
Income tax expense
$14.4M
$8.6M
$3.0M
$3.0M
Income taxes paid, net
($8.1M)
($6.5M)
($4.9M)
($3.1M)
Finance and other costs, net
$2.1M
$1.5M
$2.6M
$3.8M
Operating cash flow before working capital
$240.0M
$147.2M
$96.6M
$81.8M
Change in working capital
($15.4M)
$1.3M
($3.5M)
$1.0M
Operating cash flow
$224.6M
$142.0M
$88.2M
$79.7M
Acquisition of mineral interests
($471.1M)
($67.5M)
($3.7M)
($163.6M)
Proceeds on sale of investments
$4.0M
$1.5M
$2.8M
—
Recovery of loan receivables
$0
—
—
—
Acquisition of investments
($1.6M)
$0
($6.3M)
($741.0K)
Net cash used in investing activities
($468.6M)
($63.5M)
($21.4M)
($180.0M)
Proceeds from issuance of debt
$355.0M
$20.0M
$10.0M
$115.0M
Repayments of debt
($120.0M)
($20.0M)
($47.0M)
($50.0M)
Proceeds from exercise of stock options
$505.0K
$146.0K
$1.4M
$17.2M
Normal course issuer bid ("NCIB") purchase of common shares
-21.0M
-8.0M
-3.6M
-13.1M
Dividends paid
($23.7M)
($22.1M)
($21.1M)
($20.1M)
Repayments and interest on lease obligation
($263.0K)
($221.0K)
($228.0K)
($223.0K)
Payment of interest and other
($1.0M)
($1.1M)
($2.6M)
($3.2M)
Debt issue costs
($1.5M)
($1.6M)
—
—
Net cash provided by (used in) financing activities
$188.0M
($33.0M)
($63.1M)
$45.5M
Effect of exchange rate changes on cash and cash equivalents
($78.0K)
$39.0K
$22.0K
$21.0K
Increase (decrease) in cash and cash equivalents during the period
($56.1M)
$45.5M
$3.7M
($54.7M)
Cash and cash equivalents at beginning of the period