TRX Gold (TRX) Financial Statements & Analysis

TRX Gold (TRX) Income Statement

TRX Gold reported revenue of $80.41M in fiscal 2025 (fiscal year ended Nov 30, 2025), up 44.8% from $55.52M a year earlier. Net income was $958.80K, a net margin of 1.2%. Gross margin was 41.2% and operating margin 27.5%. In the most recent quarter, Q3 fiscal 2026 (ended May 31, 2026), revenue was $45.11M, up 163.6% from the same quarter a year earlier.

TRX Gold Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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TRX Gold Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Aug 2025	Nov 2024	Aug 2024	Aug 2023	Aug 2022	Nov 2021	Aug 2021	Aug 2020	Nov 2019	Aug 2018	Aug 2017
Revenue & Gross Profit
Revenue	80.41	57.61	55.52	41.16	38.32	15.09	0.00	-	0.00	0.00	0.00	0.00
Cost of Revenue	47.27	29.88	31.33	23.23	18.87	5.59	0.42	-	0.17	0.20	0.23	0.35
Gross Profit	33.13	23.94	24.18	17.93	18.19	9.38	-0.42	-	-0.23	-0.27	-0.23	-0.35
Operating Expenses
Research & Development	0.00	-	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Selling, General & Administrative	10.85	7.52	9.28	6.82	7.63	8.92	10.78	9.70	5.86	2.53	2.72	2.97
Operating Expenses	11.02	7.95	9.14	7.00	7.63	8.92	9.41	9.70	6.03	3.52	2.74	3.79
Operating Income	22.11	15.99	14.75	10.93	10.57	0.46	-14.37	-9.70	-6.87	-3.80	-3.46	-3.41
Other Income/Expense
Interest Income	0.00	-	0.00	-	0.00	0.00	0.01	-	1.46	0.77	0.00	0.00
Interest Expense	3.10	-2.36	2.74	0.00	-1.71	-0.48	0.01	-0.01	2.00	0.36	0.34	0.25
Other Income/Expense	-1.94	-1.53	-	0.73	1.81	-2.35	0.00	4.41	-2.60	-19.27	-1.45	-1.71
Income
Income Before Tax	20.18	14.46	13.94	10.34	12.38	-1.89	-6.64	-5.28	-9.47	-23.07	-5.31	-5.12
Income Tax Expense	11.01	7.89	9.21	6.83	5.33	0.44	-2.73	-	1.49	0.29	0.17	0.03
Net Income	0.96	0.69	-0.63	-0.47	7.05	-2.32	-3.91	-5.28	-10.96	-16.77	-4.26	-3.78
Net Income - Continuous Operations	0.96	6.57	-0.63	3.51	7.05	-3.05	-3.91	-	-10.96	-16.77	-4.26	-3.78
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	27.68	20.67	18.24	12.60	15.11	-1.45	-6.27	-4.79	-	-15.92	-3.44	-3.79
EBIT	-	17.68	-	10.34	13.87	-1.58	-	-5.07	-	-	-	-
Depreciation & Amortization	5.57	2.99	3.22	0.07	1.24	0.12	0.36	0.29	0.17	0.20	0.31	0.35
Earnings Per Share
Basic EPS	-	-	-	-	-	-	-	-	-	-	-	-
Diluted EPS	-	-	-	-	-	-	-	-	-	-	-	-
Basic Shares Outstanding	293.17	293.17	289.62	289.62	282.40	267.00	232.21	232.21	163.82	135.18	122.91	117.70
Diluted Shares Outstanding	295.28	295.28	289.62	289.62	288.53	267.00	232.21	232.21	166.51	136.05	122.91	117.70

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About TRX Gold Financial Statements

What was TRX Gold's revenue in fiscal 2025?

TRX Gold reported revenue of $80.41M in fiscal 2025 (fiscal year ended Nov 30, 2025). That was up 44.8% from $55.52M a year earlier.

Is TRX Gold profitable?

Yes. TRX Gold earned net income of $958.80K in fiscal 2025, a net margin of 1.2%. In fiscal 2024 it lost $633.98K.

What is TRX Gold's operating margin?

TRX Gold's operating income was $22.11M on revenue of $80.41M in fiscal 2025, an operating margin of 27.5%, compared with 26.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition