TRX Gold Corporation (TRX) Income Statement
TRX FY2025 at a glance
Fiscal year ended August 31, 2025 · U.S. dollarsTRX revenue and net income
Where TRX's revenue goes
FY2025Each bar shows an amount and its share of revenue. TRX kept 1.2% of revenue as net income.
TRX profit margins
TRX growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +4.8% | — | — | — |
| Gross profit | +1.0% | — | — | — |
| Operating income | +7.5% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +100.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TRX quarterly EPS vs estimates
TRX Gold beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 30, 2026 (estimate $0.03).
TRX income statement
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Revenue | $79.1M | $75.5M | $70.0M |
| Cost of revenue | $46.3M | $42.9M | $37.4M |
| Gross profit | $32.9M | $32.6M | $32.6M |
| Sales, general & admin | $10.8M | $9.3M | $10.3M |
| Total operating expenses | $11.1M | $12.3M | $13.3M |
| Operating income | $21.8M | $20.2M | $19.3M |
| Interest income | $1.5M | $704,000 | $1.8M |
| Interest expense | $541,214 | $2.7M | $2.3M |
| Income before taxes | $19.9M | $19.0M | $22.6M |
| Income taxes | $10.8M | $14.2M | $13.1M |
| Net income | $943,690 | −$676,285 | $4.1M |
| EBITDA | $26.0M | $25.7M | $27.6M |
| EPS (diluted) | $0.02 | $0.01 | $0.00 |
| Gross margin | 41.5% | 43.1% | 46.6% |
| Operating margin | 27.5% | 26.8% | 27.6% |
| Net margin | 1.2% | −0.9% | 5.9% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.8M | $46.5M | $35.0M | $23.5M | $17.1M | $13.2M | $17.5M | $18.4M | $13.8M | $10.8M | $12.7M | $16.6M |
| Cost of revenue | $13.4M | $17.8M | $15.3M | $10.9M | $11.1M | $10.1M | $10.8M | $9.5M | $8.0M | $6.4M | $7.7M | $9.5M |
| Gross profit | $19.4M | $28.7M | $19.7M | $12.6M | $6.0M | $3.1M | $6.8M | $8.9M | $5.9M | $4.4M | $5.0M | $7.1M |
| Sales, general & admin | $3.7M | $5.3M | $2.3M | $1.4M | $2.4M | $4.9M | $2.0M | $2.0M | $1.9M | $2.4M | $3.0M | $2.9M |
| Total operating expenses | $3.7M | $6.9M | $2.3M | $12.3M | $2.4M | $4.9M | $2.0M | $2.1M | $1.9M | $2.4M | $3.0M | $3.5M |
| Operating income | $15.7M | $21.9M | $17.4M | $11.2M | $3.6M | −$1.8M | $4.7M | $6.8M | $4.0M | $2.0M | $2.0M | $3.5M |
| Interest income | — | — | $8.0M | $962,000 | $431,000 | $557,000 | $421,000 | — | — | — | — | — |
| Interest expense | $48,000 | $184,283 | $298,242 | $1.5M | $397,935 | $127,107 | $97,909 | $1.1M | $386,886 | $604,025 | $640,465 | $459,167 |
| Income before taxes | $16.1M | −$10.1M | $6.3M | $10.2M | $3.0M | −$2.6M | $5.4M | $8.5M | $79,011 | $3.8M | $1.6M | $5.9M |
| Income taxes | $7.7M | $8.7M | $7.0M | — | $1.5M | $205,104 | $2.4M | $4.1M | $2.3M | $1.2M | $1.6M | $2.8M |
| Net income | $2.8M | −$27.8M | −$5.8M | $2.4M | −$299,137 | −$3.6M | $1.4M | $2.8M | −$3.6M | $1.5M | −$1.3M | $1.9M |
| EBITDA | $18.8M | −$7.2M | $8.3M | $10.2M | $4.6M | −$1.6M | $6.7M | $10.6M | $4.8M | $5.0M | $2.9M | $7.1M |
| EPS (diluted) | $0.01 | $0.04 | $0.03 | $0.02 | −$0.00 | −$0.01 | $0.01 | $0.01 | −$0.01 | $0.00 | $0.01 | $0.01 |
| Gross margin | 59.2% | 61.8% | 56.4% | 53.5% | 35.1% | 23.5% | 38.6% | 48.4% | 42.5% | 41.0% | 39.5% | 42.6% |
| Operating margin | 47.8% | 47.0% | 49.7% | 47.5% | 21.2% | −14.0% | 26.9% | 37.1% | 29.0% | 18.9% | 16.0% | 21.3% |
| Net margin | 8.6% | −59.8% | −16.6% | 10.4% | −1.7% | −27.7% | 7.8% | 15.1% | −26.0% | 13.5% | −10.3% | 11.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TRX's financial statements (latest annual report filed December 1, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TRX financial results
In fiscal year 2025 (ended August 31, 2025), TRX Gold reported revenue of $79.1 million, up 4.8% from the year before. It had net income of $0.9 million, a net profit margin of 1.2%. Diluted earnings per share came to $0.02.
See the TRX stock overview for the latest quote and news, or the TRX chart for price history and technical indicators.
TRX income statement FAQ
What is TRX Gold's annual revenue?
TRX Gold reported total revenue of $79.1 million for fiscal year 2025, which ended on August 31, 2025. That was up 4.8% from $75.5 million the previous year.
Is TRX Gold profitable?
Yes. TRX Gold reported net income of $0.9 million in fiscal 2025, a net profit margin of 1.2%; its operating margin was 27.5%.
What is TRX Gold's gross margin?
TRX Gold's gross margin was 41.5% in fiscal 2025: for every $100 of revenue, TRX Gold kept $42 after the direct cost of its products and services.
What are TRX Gold's earnings per share?
TRX Gold earned $0.02 per diluted share in fiscal 2025, compared with $0.01 a year earlier.
When will TRX Gold report its next earnings?
TRX Gold is expected to report results for the quarter ending August 31, 2026 on November 30, 2026 after the market closes.
When does TRX Gold's fiscal year end?
TRX Gold's fiscal year ends in August. The latest annual report covers the year ended August 31, 2025 and was filed on December 1, 2025.