Evolve Royalties Balance Sheet

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
Cash & Equivalents	37.3	4.33	0.58
Short-Term Investments	1.22	-	-
Cash & Short-Term Investments	38.52	4.33	0.58
Cash Growth	790.67%	651.10%	-
Other Receivables	0.22	0.08	-
Receivables	0.22	0.08	-
Prepaid Expenses	0	0.02	-
Other Current Assets	0.01	0.13	-
Total Current Assets	38.75	4.55	0.58
Long-Term Investments	50.88	25.99	-
Total Assets	89.63	30.53	0.58
Accounts Payable	1.6	0.44	0.04
Total Current Liabilities	1.6	0.44	0.04
Total Liabilities	1.6	0.44	0.04
Common Stock	89.09	30.89	0.57
Additional Paid-In Capital	1.1	0.04	-
Retained Earnings	-2.35	-0.83	-0.04
Comprehensive Income & Other	0.2	-	-
Shareholders' Equity	88.04	30.09	0.53
Total Liabilities & Equity	89.63	30.53	0.58
Net Cash (Debt)	38.52	4.33	0.58
Net Cash Growth	790.67%	651.10%	-
Net Cash Per Share	1.49	0.22	0.05
Filing Date Shares Outstanding	46.72	87.35	10.82
Total Common Shares Outstanding	46.67	87.35	10.82
Working Capital	37.16	4.11	0.53
Book Value Per Share	1.89	0.34	0.05
Tangible Book Value	88.04	30.09	0.53
Tangible Book Value Per Share	1.89	0.34	0.05

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