2025 Milestones $1.56M contributed to support organizations in our office and mining Operator communities 100% of scope 2 and 3 corporate emissions offset, achieving carbon neutrality for six consecutive years, from 2020 to 2025 1 $1B record revenue in 2025 compared to $719M in 2024, representing a 43% increase 0% annualized employee turnover rate 6 We support six universities with mining-related programs which aim to develop the next generation of leaders 5th year reporting our progress and performance against the TCFD framework 98% of scope 3 investment emissions successfully tracked and reported 1 100% Director experience in the mining industry 1. In this report, we segment scope 3 corporate emissions into those arising from our corporate activities (which we refer to as our scope 3 corporate emissions) and those of our portfolio Operators (which we refer to as our scope 3 investment emissions). We do this because as a passive investor, we do not have direct influence or control over the Operators’ emissions but do manage and assert more control over our own direct footprint. Our scope 3 corporate emissions are largely those associated with business travel and employee commuting. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 7 Solwezi, Zambia classroom, Kansanshi , 2025