Metalla Royalty & Streaming Ltd.
MTA Basic Materials Other Precious Metals & Mining
Metalla Royalty & Streaming Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $11.7 million, up 99.6% from fiscal 2024. In the quarter to June 2026, revenue grew 93.8%, EPS grew 150.0%, free cash flow grew 75.3% and total debt rose 7.18%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Metalla Royalty & Streaming Ltd. (MTA) Altman Z-score
Metalla Royalty & Streaming Ltd.'s Altman Z-score for fiscal 2025 is 22.30, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 22.30 | 14.42 |
| FY2024 | 7.88 | 3.88 |
| FY2023 | 4.00 | (5.90) |
| FY2022 | 9.90 | (4.02) |
| FY2021 | 13.92 | (38.17) |
| FY2020 | 52.09 | 30.28 |
| FY2020 | 21.81 | (1.27) |
| FY2019 | 23.07 | (34.35) |
| FY2019 | 57.42 | 14.12 |
| FY2018 | 43.30 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.03 | — | 0.04 | |
| Retained earnings / total assets | (0.27) | — | −0.38 | |
| EBIT / total assets | 0.00 | — | −0.00 | |
| Market value of equity / total liabilities | 37.66 | — | 22.59 | |
| Sales / total assets | 0.04 | — | 0.04 | |
| Altman Z-score | Safe zone | 22.30 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 13.17 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MTA Metalla Royalty & Streaming Ltd. | 22.3× |
| ASM Avino Silver compare | 13.3× |
| VOXR Vox Royalty Corp. compare | 9.6× |
| ITRG Integra Resources Corp. compare | 4.4× |
| GORO Gold Resource Corporation compare | 3.1× |
| MUX McEwen Inc. compare | 0.3× |
| LODE Comstock Inc. compare | −2.4× |
| PPTA Perpetua Resources Corp. compare | — |
| SLSR Solaris Resources Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets