NYSEAMERICAN : TRX
TRX Gold Corporation — Financial statements
Materials · Gold · Canada
Last price 0.95 USD (Oct 30, 2026, 10:18 AM EDT) · Market cap 303.19M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
TRX Gold Corporation (TRX) reported revenue of 115.54M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 115.54M | 57.61M | 41.16M | 38.32M | 15.09M | |
| Cost of Revenue | 41.76M | 29.88M | 21.03M | 18.87M | 5.59M | |
| Gross Profit | 73.78M | 27.73M | 20.12M | 19.45M | 9.50M | |
| Selling, General & Admin | 11.41M | 7.52M | 6.89M | 7.63M | 8.92M | 9.70M |
| Other Operating Expenses | 30.72M | -1.26M | -1.02M | -3.31M | 2.04M | -4.62M |
| Operating Expenses | 48.62M | 10.05M | 8.06M | 5.58M | 11.08M | 5.07M |
| Operating Income | 25.16M | 17.68M | 12.06M | 13.87M | -1.58M | -5.07M |
| Interest Expense | -2.48M | -2.36M | -2.01M | -1.71M | -477.00K | -7.00K |
| Currency Exchange Gain (Loss) | 223.00K | -431.00K | 284.00K | 212.00K | 167.00K | -78.00K |
| Other Non Operating Income (Expenses) | 947.00K | -134.00K | ||||
| EBT Excluding Unusual Items | 23.85M | 14.89M | 10.34M | 12.38M | -1.89M | -5.29M |
| Gain (Loss) on Sale of Assets | -27.00K | |||||
| Other Unusual Items | -432.00K | -432.00K | 35.00K | |||
| Pretax Income | 23.42M | 14.46M | 10.34M | 12.38M | -1.89M | -5.28M |
| Income Tax Expense | 24.06M | 7.89M | 6.83M | 5.33M | 436.00K | |
| Earnings From Continuing Operations | -637.00K | 6.57M | 3.51M | 7.04M | -2.32M | -5.28M |
| Minority Interest in Earnings | -18.62M | -5.88M | -3.98M | -4.79M | -3.89M | 1.28M |
| Net Income | -19.26M | 687.00K | -470.00K | 2.25M | -6.22M | -4.00M |
| Net Income to Common | -19.26M | 687.00K | -470.00K | 2.25M | -6.22M | -4.00M |
| Shares Outstanding (Basic) | 307.31M | 293.17M | 289.62M | 282.40M | 267.00M | 232.21M |
| Shares Outstanding (Diluted) | 307.31M | 295.28M | 289.62M | 288.53M | 267.00M | 232.21M |
| EPS (Basic) | -0.06 | 0.00 | -0.00 | 0.01 | -0.02 | -0.02 |
| EPS (Diluted) | -0.06 | 0.00 | -0.00 | 0.01 | -0.02 | -0.02 |
| Free Cash Flow | 3.19M | 2.58M | 1.64M | -460.00K | -9.74M | -16.66M |
| Free Cash Flow Per Share | 0.01 | 0.01 | 0.01 | -0.00 | -0.04 | -0.07 |
| Gross Margin | 63.85% | 48.13% | 48.89% | 50.77% | 62.95% | |
| Operating Margin | 21.78% | 30.69% | 29.31% | 36.20% | -10.44% | |
| Profit Margin | -16.67% | 1.19% | -1.14% | 5.87% | -41.18% | |
| Free Cash Flow Margin | 2.76% | 4.47% | 3.98% | -1.20% | -64.52% | |
| EBITDA | 30.85M | 20.67M | 14.27M | 15.11M | -1.45M | -4.79M |
| EBITDA Margin | 26.70% | 35.88% | 34.66% | 39.44% | -9.63% | |
| D&A For EBITDA | 5.69M | 2.99M | 2.20M | 1.24M | 122.00K | 286.00K |
| EBIT | 25.16M | 17.68M | 12.06M | 13.87M | -1.58M | -5.07M |
| EBIT Margin | 21.78% | 30.69% | 29.31% | 36.20% | -10.44% | |
| Effective Tax Rate | 102.72% | 54.58% | 66.04% | 43.08% |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 26.84M | 7.77M | 8.33M | 7.63M | 8.48M | 13.45M |
| Cash & Short-Term Investments | 26.84M | 7.77M | 8.33M | 7.63M | 8.48M | 13.45M |
| Other Receivables | 15.74M | 3.82M | 1.96M | 3.14M | 2.54M | 460.00K |
| Receivables | 15.74M | 3.82M | 1.96M | 3.14M | 2.54M | 460.00K |
| Inventory | 22.79M | 13.02M | 6.25M | 4.96M | 3.63M | 1.18M |
| Prepaid Expenses | 597.00K | 1.02M | 539.00K | 796.00K | 699.00K | 254.00K |
| Other Current Assets | 554.00K | 218.00K | 707.00K | 667.00K | 507.00K | 78.00K |
| Total Current Assets | 66.52M | 25.84M | 17.78M | 17.19M | 15.85M | 15.42M |
| Property, Plant & Equipment | 106.88M | 87.49M | 77.82M | 64.06M | 51.63M | 41.10M |
| Other Long-Term Assets | 680.00K | 3.92M | 3.26M | 2.95M | 4.36M | |
| Total Assets | 174.08M | 117.25M | 98.86M | 84.20M | 71.84M | 56.52M |
| Accrued Expenses | 3.52M | |||||
| Current Portion of Long-Term Debt | 408.00K | |||||
| Current Portion of Leases | 1.49M | 1.20M | 401.00K | 65.00K | ||
| Current Income Taxes Payable | 15.96M | 753.00K | 1.41M | 1.08M | 436.00K | |
| Current Unearned Revenue | 3.41M | 1.65M | 1.55M | 1.86M | ||
| Other Current Liabilities | 12.36M | 19.18M | 17.82M | 15.12M | 14.95M | 3.90M |
| Total Current Liabilities | 30.22M | 24.54M | 21.28M | 17.81M | 17.25M | 7.41M |
| Long-Term Debt | 2.45M | |||||
| Long-Term Leases | 1.05M | 1.61M | 942.00K | 36.00K | ||
| Long-Term Unearned Revenue | 178.00K | 621.00K | ||||
| Long-Term Deferred Tax Liabilities | 17.96M | 15.67M | 9.51M | 4.29M | ||
| Other Long-Term Liabilities | 1.26M | 1.15M | 1.09M | 833.00K | 2.81M | 2.68M |
| Total Liabilities | 52.94M | 42.96M | 32.82M | 23.14M | 20.69M | 10.09M |
| Common Stock | 223.78M | 168.00M | 165.94M | 164.82M | 163.95M | 158.13M |
| Retained Earnings | -142.91M | -121.21M | -121.89M | -121.42M | -123.67M | -117.46M |
| Comprehensive Income & Other | 6.37M | 10.48M | 10.85M | 10.51M | 8.53M | 7.29M |
| Total Common Equity | 88.33M | 57.27M | 54.90M | 53.90M | 48.80M | 47.96M |
| Minority Interest | 32.82M | 17.02M | 11.14M | 7.16M | 2.36M | -1.53M |
| Shareholders' Equity | 121.14M | 74.29M | 66.04M | 61.06M | 51.16M | 46.42M |
| Total Liabilities & Equity | 174.08M | 117.25M | 98.86M | 84.20M | 71.84M | 56.52M |
| Total Debt | 5.40M | 2.81M | 1.34M | 101.00K | ||
| Net Cash (Debt) | 21.44M | 4.96M | 6.99M | 7.53M | 8.48M | 13.45M |
| Net Cash Per Share | 0.07 | 0.02 | 0.02 | 0.03 | 0.03 | 0.06 |
| Filing Date Shares Outstanding | 327.47M | 284.86M | 280.19M | 277.63M | 276.15M | 254.87M |
| Total Common Shares Outstanding | 327.47M | 284.86M | 280.19M | 277.63M | 276.15M | 254.87M |
| Working Capital | 36.30M | 1.31M | -3.50M | -617.00K | -1.40M | 8.01M |
| Book Value Per Share | 0.27 | 0.20 | 0.20 | 0.19 | 0.18 | 0.19 |
| Tangible Book Value | 88.33M | 57.27M | 54.90M | 53.90M | 48.80M | 47.96M |
| Tangible Book Value Per Share | 0.27 | 0.20 | 0.20 | 0.19 | 0.18 | 0.19 |
| Machinery | 51.31M | 37.55M | 31.99M | 24.69M | 8.47M | 4.23M |
| Construction In Progress | 45.24M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -19.26M | 687.00K | -470.00K | 2.25M | -6.22M | -5.28M |
| Depreciation & Amortization | 6.55M | 3.85M | 2.26M | 1.36M | 122.00K | 286.00K |
| Loss (Gain) From Sale of Assets | 36.00K | |||||
| Stock-Based Compensation | 2.24M | 2.46M | 2.03M | 2.70M | 3.11M | 2.93M |
| Other Operating Activities | 52.91M | 14.18M | 8.82M | 5.71M | 9.39M | -4.52M |
| Change in Accounts Receivable | -7.67M | -1.39M | 184.00K | -48.00K | -2.08M | 87.00K |
| Change in Inventory | -8.34M | -5.57M | -929.00K | -868.00K | -2.16M | -453.00K |
| Change in Accounts Payable | -10.53M | 3.31M | 2.82M | 5.34M | 1.18M | -316.00K |
| Change in Income Taxes | 15.12M | -767.00K | 389.00K | 983.00K | 436.00K | |
| Change in Other Net Operating Assets | -388.00K | -484.00K | 217.00K | -96.00K | -874.00K | -254.00K |
| Operating Cash Flow | 30.62M | 16.28M | 15.32M | 17.33M | 2.96M | -7.52M |
| Capital Expenditures | -27.44M | -13.70M | -13.68M | -17.79M | -12.69M | -9.15M |
| Sale of Property, Plant & Equipment | 229.00K | |||||
| Other Investing Activities | -657.00K | -657.00K | -311.00K | -85.00K | -1.40M | 2.52M |
| Investing Cash Flow | -28.09M | -14.36M | -13.99M | -17.87M | -13.87M | -6.62M |
| Short-Term Debt Issued | 1.00M | |||||
| Total Debt Issued | 2.86M | 1.00M | ||||
| Long-Term Debt Repaid | -1.23M | -72.00K | -115.00K | -27.00K | ||
| Lease Payments | -1.61M | -1.23M | -72.00K | -115.00K | -27.00K | |
| Total Debt Repaid | -1.61M | -1.23M | -72.00K | -115.00K | -27.00K | |
| Net Debt Issued (Repaid) | 1.25M | -1.23M | -72.00K | -115.00K | 973.00K | |
| Issuance of Common Stock | 20.67M | 110.00K | 7.15M | 24.40M | ||
| Repurchase of Common Stock | -1.62M | -778.00K | -553.00K | -127.00K | ||
| Other Financing Activities | -97.00K | -475.00K | -170.00K | -1.21M | -1.84M | |
| Financing Cash Flow | 20.20M | -2.48M | -625.00K | -302.00K | 5.94M | 23.53M |
| Net Cash Flow | 23.29M | -561.00K | 702.00K | -847.00K | -4.97M | 9.39M |
| Free Cash Flow | 3.19M | 2.58M | 1.64M | -460.00K | -9.74M | -16.66M |
| Free Cash Flow Margin | 2.76% | 4.47% | 3.98% | -1.20% | -64.52% | |
| Free Cash Flow Per Share | 0.01 | 0.01 | 0.01 | -0.00 | -0.04 | -0.07 |
| Levered Free Cash Flow | -24.59M | -3.98M | 138.50K | -7.82M | -6.31M | -7.81M |
| Unlevered Free Cash Flow | -23.04M | -2.51M | 1.40M | -6.75M | -6.01M | -7.81M |
| Free Cash Flow After Leases | 1.57M | 1.35M | 1.57M | -575.00K | -9.74M | -16.69M |
| Cash Interest Paid | 360.00K | 351.00K | 3.00K | |||
| Cash Income Tax Paid | 994.00K | 1.22M | 62.00K | |||
| Change in Working Capital | -11.81M | -4.90M | 2.68M | 5.31M | -3.50M | -936.00K |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 304.80M | 105.02M | 111.87M | 108.57M | 135.12M | 100.81M |
| Enterprise Value | 316.04M | 118.75M | 114.20M | 107.72M | 125.48M | 82.44M |
| Last Close Price | 0.94 | 0.37 | 0.39 | 0.39 | 0.48 | 0.41 |
| PE Ratio | 152.86 | 48.26 | ||||
| PS Ratio | 2.66 | 1.82 | 2.72 | 2.83 | 8.95 | |
| PB Ratio | 2.54 | 1.41 | 1.69 | 1.78 | 2.64 | 2.17 |
| P/TBV Ratio | 3.48 | 1.83 | 2.04 | 2.01 | 2.77 | 2.10 |
| P/FCF Ratio | 96.47 | 40.73 | 68.30 | |||
| P/OCF Ratio | 10.04 | 6.45 | 7.30 | 6.27 | 45.73 | |
| EV/Sales Ratio | 2.76 | 2.06 | 2.77 | 2.81 | 8.31 | |
| EV/EBITDA Ratio | 10.33 | 5.75 | 8.01 | 7.13 | ||
| EV/EBIT Ratio | 12.67 | 6.72 | 9.47 | 7.77 | ||
| EV/FCF Ratio | 100.00 | 46.06 | 69.72 | |||
| Debt / Equity Ratio | 0.04 | 0.04 | 0.02 | 0.00 | ||
| Debt / EBITDA Ratio | 0.17 | 0.13 | 0.09 | 0.01 | ||
| Debt / FCF Ratio | 1.69 | 1.09 | 0.82 | |||
| Net Debt / Equity Ratio | -0.18 | -0.07 | -0.11 | -0.12 | -0.17 | -0.29 |
| Net Debt / EBITDA Ratio | -0.69 | -0.24 | -0.49 | -0.50 | 5.83 | 2.81 |
| Net Debt / FCF Ratio | -6.73 | -1.93 | -4.27 | 16.36 | 0.87 | 0.81 |
| Asset Turnover | 0.81 | 0.53 | 0.45 | 0.49 | 0.23 | |
| Inventory Turnover | 2.41 | 3.10 | 3.75 | 4.39 | 2.33 | |
| Quick Ratio | 1.41 | 0.47 | 0.48 | 0.60 | 0.64 | 1.88 |
| Current Ratio | 2.20 | 1.05 | 0.84 | 0.96 | 0.92 | 2.08 |
| Return on Equity (ROE) | -0.67% | 9.36% | 5.52% | 12.56% | -4.76% | -14.82% |
| Return on Assets (ROA) | 10.98% | 10.23% | 8.24% | 11.11% | -1.54% | -6.70% |
| Return on Invested Capital (ROIC) | -0.72% | 12.51% | 7.28% | 16.41% | -4.17% | -17.23% |
| Return on Capital Employed (ROCE) | 17.50% | 19.10% | 15.50% | 20.90% | -2.90% | -10.30% |
| Earnings Yield | -6.64% | 0.65% | -0.42% | 2.07% | -4.60% | -3.97% |
| FCF Yield | 1.04% | 2.46% | 1.46% | -0.42% | -7.21% | -16.53% |
| Buyback Yield / Dilution | -5.05% | -1.95% | -0.38% | -8.06% | -14.98% | -39.45% |