North America was OR Royalties’s largest region in fiscal 2025, bringing in $177.62M of $277.37M (64%).
| Geography | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| North America | $180.19M | $143.06M | $134.31M | $177.62M | ||||||
| North America Country | — | — | — | — | ||||||
| Revenue | — | — | — | — | ||||||
| South America | $25.21M | $24.21M | $23.71M | $51.60M | ||||||
| South America Country | — | — | — | — | ||||||
| Australia | $961.00K | $7.73M | $20.05M | $27.38M | ||||||
| Au | — | — | — | — | ||||||
| Europe | $9.20M | $8.02M | $10.40M | $15.36M | ||||||
| Europe Country | — | — | — | — | ||||||
| Africa | $2.25M | $210.00K | $2.70M | $5.41M | ||||||
| Africa Country | — | — | — | — | ||||||
| Total | $217.81M | $183.23M | $191.16M | $277.37M |
OR Royalties brought in $277.37M from its five regions in fiscal 2025, the year ended December 31, 2025. That was up 45.1% from $191.16M in fiscal 2024. North America was the largest at $177.62M (64.0%), ahead of South America at $51.60M (18.6%) and Australia at $27.38M (9.9%). The other two regions brought in $20.78M combined.
Compared with fiscal 2024, South America grew fastest, up 117.6% to $51.60M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $217.81M to $277.37M, a compound annual growth rate of 8.4%. North America's share of the total fell from 82.7% to 64.0%.
Royalties, Streams & Similar Interests was OR Royalties’s largest revenue line in fiscal 2025, bringing in $177.26M of $277.37M (64%).
| Categories of Royalty, streams and interests | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Offtakes | — | — | — | — | ||||||
| Offtake Interests | — | — | — | — | ||||||
| Royalties, Streams & Similar Interests | $144.07M | $118.83M | $130.38M | $177.26M | ||||||
| Royalty Interests | — | — | — | — | ||||||
| Revenue | — | — | — | — | ||||||
| Streams | $73.74M | $64.40M | $60.78M | $100.11M | ||||||
| Stream Interests | — | — | — | — | ||||||
| Total | $217.81M | $183.23M | $191.16M | $277.37M |
OR Royalties brought in $277.37M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 45.1% from $191.16M in fiscal 2024. Royalties, Streams & Similar Interests was the largest at $177.26M (63.9%), ahead of Streams at $100.11M (36.1%).
Compared with fiscal 2024, Streams grew 64.7% to $100.11M and Royalties, Streams & Similar Interests grew 36.0% to $177.26M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $217.81M to $277.37M, a compound annual growth rate of 8.4%. Royalties, Streams & Similar Interests' share of the total fell from 66.1% to 63.9%.
OR Royalties (OR) reports its revenue by geography and by categories of royalty, streams and interests. In fiscal 2025, North America was its largest region, bringing in $177.62M (64.0% of the total), followed by South America at $51.60M (18.6%).
North America was OR Royalties' largest region in fiscal 2025, bringing in $177.62M, or 64.0% of the $277.37M total across its five regions.
Royalties, Streams & Similar Interests was OR Royalties' largest revenue line in fiscal 2025, bringing in $177.26M, or 63.9% of the $277.37M total across its two revenue lines.
Among OR Royalties' regions that make up at least 2% of revenue, South America grew fastest in fiscal 2025, up 117.6% from $23.71M to $51.60M.
Every figure comes from OR Royalties' annual financial filings, as reported. Each line keeps the name OR Royalties gives it, and years follow its fiscal calendar.
OR Royalties' revenue by geography goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.