Saturday 17 October 2026 Export TRX’s income statement to Excel — free account

TRX Gold Corporation

TRX Gold Corporation’s revenue for fiscal 2025 (year ended August 2025) was $57.6 million, up 40.0% from fiscal 2024. In the quarter to May 2026, revenue grew 163.3%, EPS was flat, free cash flow grew 88.1% and total debt fell 20.0%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.

1.05 0.01 −0.94%

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Market cap: $348.0M
P/E: 0.0×
Fwd P/E: 16.5×
Dividend yield: —
F-score: 6/9
Altman Z: 1.02
Beneish M: −2.12
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 3.53%

Capital & Financial Ratios $m

Market Cap 348.02

Revenue 115.54

Net Income (0.64)

Free Cash Flow 3.19

Net Debt (22.93)

Current Ratio 2.20

Debt/Equity 0.03

P/E ratio 0.00

Fwd P/E 16.50

P/S ratio 3.01

P/B ratio 2.87

Past 5Y EPS Growth —

This Y EPS Growth 300.00%

Next Y EPS Growth 2,100.00%

Next Y revenue growth 305.84%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 45.32%

10-year low 10-year high

P/B against its own 10 years 70.62%

10-year low 10-year high

EV/Sales against its own 10 years 45.02%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	8	8	8	27
Receivables	3	2	4	16
Inventory	5	6	13	23
Other	—	—	—	—
	17	18	26	67

	2023	2024	2025	Q'26
Payables	12	16	18	12
ST’ Debt	—	—	—	0
Other	4	2	1	—
	18	21	25	30

Compound Annual Growth %

	10y	5y	3y
Sales	—	—	56.28%
Cash Flow	0.00%	0.00%	76.62%
Earnings	0.00%	0.00%	0.00%
Book Value	6.88%	24.47%	13.24%

Revenue $m

	Nov	Feb	May	Aug	Year
’26	25	34	33	—	—
’25	13	9	12	24	58
’24	9	8	10	14	41
’23	10	10	9	9	38

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	4	9	8	—	—
’25	2	2	2	10	16
’24	5	1	3	6	15
’23	7	5	3	3	17
’22	(3)	2	2	2	3
’21	(2)	(2)	(2)	(3)	(8)
’20	(1)	0	(2)	(3)	(7)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Nov	Feb	May	Aug	Year
’26	0	(3)	0	—	—
’25	(1)	0	(2)	6	3
’24	1	0	0	1	2
’23	1	1	(2)	0	0
’22	(6)	(1)	(3)	1	(10)
’21	(4)	(3)	(5)	(5)	(17)
’20	(2)	(3)	(3)	(5)	(14)

Fiscal quarters ending in the months shown.

EPS $

	Nov	Feb	May	Aug	Year
’26	(0.01)	(0.07)	0.01	—	—
’25	0.00	(0.01)	0.00	0.01	0.00
’24	0.00	0.00	(0.01)	0.01	0.00
’23	0.01	0.00	0.00	0.01	0.01
’22	(0.01)	(0.01)	0.01	(0.02)	(0.02)
’21	(0.01)	0.00	0.00	(0.01)	(0.02)
’20	(0.01)	(0.01)	(0.04)	(0.02)	(0.07)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	0.17	0.24	0.27	0.25	0.36	0.34	0.26	0.33	0.28	0.27	Analyst estimates 2026–2028 Powerpack
	High	1.49	0.63	0.68	1.20	1.09	1.91	0.55	0.60	0.49	1.02
People
People	Employees	15	16	16	34	34	101	366	389	287	414
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.10	0.14	0.14
Income, $m
Income, $m	Revenue	—	—	—	—	—	—	15	38	41	58
	Gross margin, %	0.00	0.00	0.00	0.00	0.00	0.00	62.14	47.48	43.56	41.55
	EBT	(10)	(5)	(5)	(22)	(12)	(5)	(2)	12	10	14
	EBT margin, %	0.00	0.00	0.00	0.00	0.00	0.00	(12.50)	32.30	25.11	25.09
	Net income	(10)	(5)	(5)	(22)	(12)	(5)	(2)	7	4	7
	Depreciation	0	0	0	0	0	0	0	1	2	4
Per share, $
Per share, $	Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.06	0.14	0.14	0.20
	Earnings	(0.09)	(0.04)	(0.05)	(0.17)	(0.07)	(0.02)	(0.02)	0.01	0.00	0.00
	Cash flow	(0.01)	(0.03)	(0.01)	(0.03)	(0.04)	(0.03)	0.01	0.06	0.05	0.06
	Capex	(0.01)	(0.01)	(0.01)	(0.02)	(0.04)	(0.04)	(0.05)	(0.06)	(0.05)	(0.05)
	Free cash flow	(0.02)	(0.04)	(0.02)	(0.04)	(0.08)	(0.07)	(0.04)	0.00	0.01	0.01
	Book value	0.25	0.23	0.22	0.11	0.15	0.20	0.19	0.22	0.23	0.25
	Shares, m	108	118	123	136	167	232	267	282	290	293
Valuation, ×
Valuation, ×	P/E	—	—	—	—	—	—	0.00	19.50	0.00	0.00
	P/S	—	—	—	—	—	—	0.00	2.87	2.67	1.98
	P/B	—	—	—	—	—	—	2.51	1.80	1.67	1.54
	EV/Sales	—	—	—	—	—	—	0.00	2.68	2.50	1.93
	EV/FCF	—	—	—	—	—	—	(13.26)	(223.06)	62.72	43.12
Cash, $m
Cash, $m	Operating cash flow	(1)	(3)	(2)	(4)	(7)	(8)	3	17	15	16
	Capex	(1)	(1)	(1)	(2)	(7)	(9)	(12)	(18)	(14)	(14)
	Free cash flow	(2)	(4)	(3)	(6)	(14)	(17)	(10)	0	2	3
Balance, $m
Balance, $m	Working capital	(9)	(5)	(9)	(7)	(5)	8	(1)	(1)	(3)	1
	Total debt	2	3	6	5	5	—	—	0	1	2
	Net debt	2	2	6	3	1	(13)	(8)	(8)	(7)	(6)
	Shareholders’ equity	27	27	27	15	25	46	51	61	66	74
Returns, %
Returns, %	ROA	(23.34)	(11.81)	(13.02)	(62.53)	(34.29)	(8.46)	(9.69)	2.88	(0.51)	0.64
	ROIC	(4.77)	(8.16)	(7.55)	(13.59)	(19.06)	(18.38)	0.67	12.35	11.76	14.67
	ROE	(29.45)	(16.74)	(19.30)	(105.60)	(57.77)	(11.23)	(12.74)	4.01	(0.74)	0.98

Negative figures in brackets.

All 10 years →

Fiscal years to Aug 2025 · latest quarter May 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GROY Gold Royalty Corp.	$681.2M	745×	47.2×	+76.09% (above 0%: growing)	n/m	+246.00% (above 0%: growing)	69.31%	32.26%	Compare
NFGC New Found Gold Corp.	$608.6M	— (loss-making)	—	—	n/m	−108.07% (below 0%: shrinking)	12.96%	(109.76%)	Compare
THM International Tower Hill Mines Ltd	$573.0M	— (loss-making)	—	—	n/m	−36.56% (below 0%: shrinking)	0.00%	0.00%	Compare
GAU Galiano Gold Inc.	$572.9M	8.1×	3.4×	+116.69% (above 0%: growing)	+242.86% (above 0%: growing)	−414.66% (below 0%: shrinking)	70.07%	49.18%	Compare
CTGO Contango Silver & Gold Inc.	$506.6M	— (loss-making)	—	—	−88.89% (below 0%: shrinking)	−209.25% (below 0%: shrinking)	0.00%	0.00%	Compare
CMCL Caledonia Mining Corporation PLC	$458.2M	5.9×	8.4×	+35.13% (above 0%: growing)	+202.22% (above 0%: growing)	+267.89% (above 0%: growing)	51.61%	54.94%	Compare
TRX TRX Gold Corporation	$348.0M	— (loss-making)	16.5×	+163.33% (above 0%: growing)	n/m	+88.08% (above 0%: growing)	59.21%	47.81%
IDR Idaho Strategic Resources, Inc.	$339.6M	14.9×	21.4×	+13.25% (above 0%: growing)	+15.00% (above 0%: growing)	−294.99% (below 0%: shrinking)	56.20%	34.13%	Compare
USAU US Gold Corp	$200.2M	— (loss-making)	—	−7.36% (below 0%: shrinking)	n/m	−6.80% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$539.8M	11.5×	14.9×	+35.13%	+108.61%	−72.31%	32.28%	16.13%

All 37 Gold stocks →

TRX Gold Corporation (TRX) key facts

Strength: TRX Gold Corporation’s revenue for fiscal 2025 (year ended August 2025) was $57.6 million, up 40.0% from fiscal 2024.
TRX Gold Corporation (TRX) is a Gold company in the Basic Materials sector, listed on NYSE American.
As of October 16, 2026, TRX traded at $1.05, a market capitalization of $348.0 million.
Return on equity was 0.98% and debt-to-equity 0.03.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.02 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.