Evolve Royalties Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	1.01	0.35	-
Cost of Revenue	0.66	0.3	-
Gross Profit	0.35	0.05	-
Selling, General & Admin	1.01	0.68	0.04
Operating Expenses	1.26	0.72	0.04
Operating Income	-0.91	-0.67	-0.04
Interest Expense	-0.21	-0.23	-0
Interest & Investment Income	0.14	0.14	-
Currency Exchange Gain (Loss)	0.01	-0.04	-
Pretax Income	-1.22	-0.8	-0.04
Net Income	-1.22	-0.8	-0.04
Net Income to Common	-1.22	-0.8	-0.04
Shares Outstanding (Basic)	87	70	11
Shares Outstanding (Diluted)	87	70	11
Shares Change (YoY)	-	545.15%	-
EPS (Basic)	-0.01	-0.01	-0.00
EPS (Diluted)	-0.01	-0.01	-0.00
Free Cash Flow	-0.56	-23.49	-0
Free Cash Flow Per Share	-0.01	-0.34	-
Gross Margin	34.41%	13.75%	-
Operating Margin	-90.71%	-190.63%	-
Profit Margin	-120.95%	-228.00%	-
Free Cash Flow Margin	-55.58%	-6712.60%	-
EBITDA	-0.3	-0.46	-
EBITDA Margin	-29.43%	-130.49%	-
D&A For EBITDA	0.62	0.21	-
EBIT	-0.91	-0.67	-0.04
EBIT Margin	-90.71%	-190.63%	-
Revenue as Reported	1.01	0.35	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.