Uranium Royalty Corp. — First Quarter Fiscal Year 2027 Earnings Summary

Financial Performance

• Revenue was $51.0 million from the sale of 593,255 pounds of U3O8 at an average realized price of approximately $86.00/lb, which was slightly above the UxC Historical Ux Daily Prices average of $85.45/lb for the period.
• Cost of sales was $34.1 million, or approximately $57.40/lb.
• Net income increased 1,530% to $16.3 million for the three months ended July 31, 2026, compared to $1.0 million in the same period of 2025.
• Diluted earnings per share increased 900% to $0.10 for the three months ended July 31, 2026, compared to $0.01 in the same period of 2025.
• Proceeds from uranium sales were used in part to finance the Sweetwater acquisition completed in July 2026.

Business Segments and Product Lines

• Completed the Sweetwater transaction, creating a diversified royalty platform with one of the largest land positions in the U.S.
• Uranium portfolio: Key counterparties Cameco Corporation and Paladin Energy Ltd. maintained or exceeded production guidance; Cameco reiterated 2026 guidance for Cigar Lake (17.5-18.0 million lbs) and McArthur River/Key Lake (14.0-16.5 million lbs), while Paladin's Langer Heinrich exceeded 2026 guidance (4.82 million lbs vs. 4.5-4.8 million lbs).
• Soda ash assets: Operators in Wyoming remain positioned at the lower end of the global cost curve, supporting stable production and planned expansions despite macro headwinds.
• Land holdings: Total land position exceeds 5.3 million acres, making the company the largest landowner in Wyoming and the second largest publicly traded landowner in the U.S.
• Approximately 38,000 acres were leased for active oil and gas exploration near established production.

Other Key Points

• The company describes itself as the largest U.S. non-precious metal royalty and streaming platform and the only uranium-focused royalty company.
• The Sweetwater acquisition transformed the company into a platform with significant exposure to uranium, energy, and industrial supply chains, including trona assets.
• Management highlighted the ability to monetize physical uranium holdings to fund accretive transactions and support growth.
• The company filed its operating and financial results for the three months ended July 31, 2026, in its Quarterly Report on Form 10-Q.