Evolve Royalties Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	1.45	0.35	-
Revenue Growth (YoY)	314.92%	-	-
Cost of Revenue	0.95	0.3	-
Gross Profit	0.5	0.05	-
Selling, General & Admin	1.08	0.68	0.04
Operating Expenses	1.39	0.72	0.04
Operating Income	-0.89	-0.67	-0.04
Interest Expense	-0.13	-0.23	-0
Interest & Investment Income	0.21	0.14	-
Currency Exchange Gain (Loss)	-0.02	-0.04	-
Other Non Operating Income (Expenses)	-0.86	-	-
EBT Excluding Unusual Items	-1.68	-0.8	-0.04
Gain (Loss) on Sale of Investments	0.16	-	-
Pretax Income	-1.52	-0.8	-0.04
Net Income	-1.52	-0.8	-0.04
Net Income to Common	-1.52	-0.8	-0.04
Shares Outstanding (Basic)	26	20	11
Shares Outstanding (Diluted)	26	20	11
Shares Change (YoY)	30.25%	83.95%	-
EPS (Basic)	-0.06	-0.04	-0.00
EPS (Diluted)	-0.06	-0.04	-0.00
Free Cash Flow	-0.02	-23.49	-0
Free Cash Flow Per Share	-0.00	-1.18	-
Gross Margin	34.42%	13.75%	-
Operating Margin	-61.32%	-190.63%	-
Profit Margin	-104.59%	-228.00%	-
Free Cash Flow Margin	-1.61%	-6712.60%	-
EBITDA	0.06	-0.46	-
EBITDA Margin	4.27%	-130.49%	-
D&A For EBITDA	0.95	0.21	-
EBIT	-0.89	-0.67	-0.04
EBIT Margin	-61.32%	-190.63%	-
Revenue as Reported	1.45	0.35	-

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