FINANCIAL AND OPERATING RESULTS As of December 31, 2025 Revenue to Royal Gold Since Inception US$M $84.2 Historic Revenue to Royal Gold 2024: 2025: US$M $9.0 $12.0 Acquisition Cost US$M $12.7 Investment Recovered % 661% Net Book Value US$M $0.2 MINERAL RESOURCES AND RESERVES As of March 31, 2025 Contained Gold (koz) AGEOs* (koz) Proven and Probable 802 12 Measured and Indicated 2,082 31 Inferred 1,035 16 * AGEOs do not consider adjustments that may impact the economic viability of the AGEO interest. See page 12 for a description of AGEO calculation methodology. Royal Gold | 2025/2026 Asset Handbook 135 For more information, please visit: www.nsrltd.com INTRODUCTION ATTRIBUTES OF OUR BUSINESS PORTFOLIO OVERVIEW EXPECTED PERFORMANCE AND OUTLOOK PORTFOLIO DETAILS REFERENCE MATERIALS