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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	0.03	0.04	0.04	-	-
Other Revenue	0.12	0.07	0.07	0.01	-
Revenue	0.14	0.11	0.11	0.01	-
Revenue Growth (YoY)	31.63%	-0.94%	638.07%	-	-
Gross Profit	0.14	0.11	0.11	0.01	-
Selling, General & Admin	0.23	0.15	0.16	0.1	0.18
Amortization of Goodwill & Intangibles	0.01	0.01	0.02	-	-
Operating Expenses	0.32	0.25	0.31	0.16	0.54
Operating Income	-0.17	-0.14	-0.2	-0.15	-0.54
Interest Expense	-	-	-	-0.01	-0.01
Currency Exchange Gain (Loss)	0.13	-0.21	0.02	0.04	-0.01
Other Non Operating Income (Expenses)	-	-	-	-	-0.28
EBT Excluding Unusual Items	-0.04	-0.35	-0.19	-0.12	-0.84
Asset Writedown	-	-0.04	-0.17	-	-
Pretax Income	-0.04	-0.39	-0.35	-0.12	-0.84
Net Income	-0.04	-0.39	-0.35	-0.12	-0.84
Net Income to Common	-0.04	-0.39	-0.35	-0.12	-0.84
Shares Outstanding (Basic)	238	217	209	181	172
Shares Outstanding (Diluted)	238	217	209	181	172
Shares Change (YoY)	9.80%	3.55%	15.73%	5.48%	13.49%
EPS (Basic)	-0.00	-0.00	-0.00	-0.00	-0.00
EPS (Diluted)	-0.00	-0.00	-0.00	-0.00	-0.00
Gross Margin	100.00%	100.00%	100.00%	100.00%	-
Operating Margin	-120.28%	-127.28%	-183.97%	-999.26%	-
Profit Margin	-26.61%	-358.88%	-318.14%	-773.75%	-
EBITDA	-0.16	-0.12	-0.18	-	-
EBITDA Margin	-112.06%	-114.27%	-164.16%	-	-
D&A For EBITDA	0.01	0.01	0.02	-	-
EBIT	-0.17	-0.14	-0.2	-0.15	-0.54
EBIT Margin	-120.28%	-127.28%	-183.97%	-	-
Revenue as Reported	0.14	0.11	0.11	0.01	-

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