SOMA GOLD REPORTS SECOND QUARTER FINANCIAL RESULTS

SOMA GOLD REPORTS SECOND QUARTER FINANCIAL RESULTS

Benzinga
August 29, 2025

Highlights:

Revenue for the second quarter of 2025 was $23.0 million and $50.9 million for the six months ended June 30, 2025, an increase of $8.9 million or 21% from 2024-H1.

Net income was $1.6 million in the second quarter and $4.8 million for the six months ended June 30, 2025 - compared to a loss of $0.6 million in 2024-H1.

EBITDA(1) for the quarter was $9.1 million and $21.5 million for the six months ended June 30, 2025, an increase of $7.9 million or 59% compared to 2024-H1.

EBITDA(1) per share was $0.10 in the second quarter and $0.23 for the six months ended June 30, 2025, an increase of $0.08 per share or 53% compared to 2024-H1.

Soma sold 5,200 AuEq ounces in the second quarter and 12,043 ounces in the six months ended June 30, 2025, compared to 14,233 ounces in 2024-H1.

The average realized cash margin per gold ounce sold(1) was US$1,598 in the second quarter and US$1,628 for the six months ended June 30, 2025, an increase of $669 or 70% compared to 2024-H1.

The Company made payments of $3.5 million against its long-term debt in the six months ended June 30, 2025 and converted another $10.0 million of the loan to equity subsequent to the period end.

VANCOUVER, BC, Aug. 28, 2025 /CNW/ - Soma Gold Corp. (TSXV:SOMA) (WKN: A2P4DU) (OTC:SMAGF) (the "Company" or "Soma") is pleased to announce that the Company's Financial Statements and MD&A for the three and six months ended June 30, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website.

Operations Review, Six Months Ended June 30, 2025

Soma produced 5,377 AuEq ounces in 2025-Q2 and 12,020 ounces in the six months ended June 30, 2025 (2024-H1, 13,925 AuEq ounces).

Income from mining operations was $5.7 million in 2025-Q2 and $15.5 million for the six months ended June 30, 2025 (2024-H1 - $10.0 million).

Net income was $1.6 million in 2025-Q2 and $4.8 million for the six months ended

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