TRXNYSEGold and Silver OresFiscal year ends August 31
TRX GOLD Corp
Financials through Q1 FY2026, quarter ended Nov 30, 2025Last filing: 40-F on Dec 1, 2025
$1.04−0.01 (-0.95%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2025
Gross margin
41.5%
Net margin
1.2%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +40.0% | +56.3% | – | – | |
| Gross profit | +33.5% | +36.7% | – | – | |
| Free cash flow | +69.9% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -59.6% | 1.2% | |
| Return on assets | – | -34.3% | 0.6% | |
| Current ratio | – | 0.51 | 1.05 | |
| Inventory turnover | – | – | 3.5× | |
| Capex to revenue | – | – | 22.2% | |
| Diluted shares | 118M | 167M | – |
Where the cash went
Fiscal 2021 to 2025, five years combined
Trx Gold generated $59.40M from operations and spent $55.70M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$59.40M
Used
$55.70M
Capital expenditure$55.70M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin1.2%
×Asset turnover0.53×
×Equity multiplier1.93×
=Return on equity, FY20251.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 1.2% | 0.53× | 1.93× | 1.2% |
| FY2024 | -1.1% | 0.45× | 1.68× | -0.9% |
| FY2023 | 5.9% | 0.49× | 1.52× | 4.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$687.00K
- Cash generatingOperating cash flow above zero$16.28M
- Return on assets improvedROA up on the prior year-0.6% → 0.7%
- Earnings backed by cashOperating cash flow above net income$16.28M vs $687.00K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose0.84 → 1.05
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year43.56% → 41.55%
- More efficientAsset turnover rose0.49 → 0.58