TRX Gold Corporation (TRX)

NYSE: TRX · Gold and Silver Ores · Oakville, ON · filing with the SEC since 2002

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Grade5.2

◀ Past 6.0● Present 5.3▶ Future 3.6

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of TRX Gold Corporation

Nine metrics read from its own filings, by tense

Headline grade

5.2/10

◀ Past6.040% of the headline

● Present5.335% of the headline

▶ Future3.625% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.0/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 60th percentile among 73 sector filers · read for itself

From the record

TRX Gold Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

8.6/10

What has it actually done, year after year?

+56.3% a year over 4 filed years; profitable in 3 of 4.

weight 33% of this tense · 86th percentile among 44 sector filers · read for its customers

From the record

TRX Gold Corporation's 4 filed years say what it did: revenue went from $15 million in fiscal 2022 to $58 million in fiscal 2025, up 56.3% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 3 of 4 of those years (its annual reports).

What it rests on

revenue growth over the filed span56.3%top 11% of its family
the share of years revenue rosetop 6% of its family
the share of filed years with a profittop 32% of its family
the deepest fall from a revenue peak0.0%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

2.0/10

How has it treated the people who own it?

SI estimate 2.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 21st percentile among 63 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the cash returned against operating cash flow, which ranks in the bottom 21% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: cash returned against operating cash flow, the one part on file, ranked among 63 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TRX Gold Corporation's shareholder treatment is put at 2.0 of 10 with a confidence of 35 of 100, because read from one part only, the cash returned against operating cash flow, which ranks in the bottom 21% of 63 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

5.3/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

5.4/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.

weight 45% of this tense · 54th percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-08-31, TRX Gold Corporation earned about 9 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 20 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 39% of its family
return on equitytop 36% of its family
gross profit against assetstop 40% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.2/10

How strong is its position in its industry?

top 49% of 44 in its family; net margin 11.4%.

weight 33% of this tense · 51st percentile among 44 sector filers · read for its customers

From the record

TRX Gold Corporation's standing among 44 graded names in its industry family: revenue of $58 million in fiscal 2025 ranks in the bottom 24% by size; a net margin of 11.4% ranks in the bottom 46%; revenue growth of 56.3% a year over the last 3 filed years ranks in the top 15% (its annual reports).

What it rests on

revenue against the family$57.6Mbottom 24% of its family
net margin11.4%bottom 46% of its family
three-year revenue growth56.3%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 16 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: TRX Gold Corporation's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.6/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed

3.6/10

How much room does it have to grow?

bottom 36% of 42 in its family for room to expand.

weight 22% of this tense · 36th percentile among 42 sector filers · read for itself

From the record

TRX Gold Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $8 million against no long-term debt tagged leaves 6.6% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is 6.1% of revenue (bottom 26%); a gross margin of 41.5% (bottom 44%) (its annual report).

What it rests on

cash less debt against assets6.6%bottom 38% of its family
cash from operations less capital spending against revenue6.1%bottom 26% of its family
gross margin41.5%bottom 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

4.4/10

What could actually drive growth from here?

bottom 44% of 41 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 41 sector filers · read for its customers

From the record

TRX Gold Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 56.3% a year over the last three filed years against 56.3% over all 4, speeding up (bottom 39% of its family); the newest year grew 40% (top 41%); capital spending grew 0.2% a year (bottom 36%) (its annual reports). TRX Gold Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 39% of its family
the newest year's revenue growth40.0%top 41% of its family
three-year growth of capital spending0.2%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 38 in its family for expectations against reality.

weight 45% of this tense · 30th percentile among 38 sector filers · read for its shareholders

From the record

TRX Gold Corporation's newest year against its own record: revenue of $58 million in fiscal 2025 came in 15.2% below the $68 million its prior three years' pace pointed to (bottom 4% of its family); net income of $7 million against a prior three-year average of $3 million (bottom 48%); a net margin of 11.4% against 3.8% before (bottom 38%) (its annual reports).

What it rests on

revenue against the prior three years' pace-15.2%bottom 4% of its family
net income against the prior three years' average+139%bottom 48% of its family
net margin against its prior average+7.6 pointsbottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TRX · research, not advice