Gold Royalty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	14.46	10.1	3.05	3.99	3.94	0.19
Revenue Growth (YoY)	86.30%	231.46%	-23.67%	1.24%	1954.17%	-
Cost of Revenue	1.08	0.27	-	-	-	-
Gross Profit	13.39	9.84	3.05	3.99	3.94	0.19
Selling, General & Admin	10.09	10.59	10.4	11.88	14.03	9.37
Operating Expenses	13.69	13.85	11.82	16.16	21.38	12.77
Operating Income	-0.3	-4.01	-8.78	-12.16	-17.44	-12.58
Interest Expense	-8.92	-8.04	-1.84	-0.92	-0.63	-
Earnings From Equity Investments	-0.18	-0.06	0.17	-0.15	-0.3	-
Currency Exchange Gain (Loss)	0.14	-0.01	-0.13	0.03	0.05	-0.81
Other Non Operating Income (Expenses)	1.55	2.39	0.57	3.33	4.93	-1.44
EBT Excluding Unusual Items	-7.71	-9.74	-10.01	-9.87	-13.39	-14.84
Gain (Loss) on Sale of Investments	0.13	0.05	-0.25	0.05	-0.47	-0.17
Asset Writedown	-	-	-22.38	-3.82	-3.82	-
Other Unusual Items	0.69	0.31	-0.25	0.32	0.32	-
Pretax Income	-6.89	-9.39	-32.89	-13.33	-17.36	-15.01
Income Tax Expense	-0.49	-5.97	-6.13	-0.62	-0.02	-
Net Income	-6.4	-3.41	-26.76	-12.71	-17.35	-15.01
Net Income to Common	-6.4	-3.41	-26.76	-12.71	-17.35	-15.01
Shares Outstanding (Basic)	170	160	145	137	128	34
Shares Outstanding (Diluted)	170	160	145	137	128	34
Shares Change (YoY)	11.05%	10.22%	5.81%	6.67%	282.15%	-
EPS (Basic)	-0.04	-0.02	-0.18	-0.09	-0.14	-0.45
EPS (Diluted)	-0.04	-0.02	-0.18	-0.09	-0.14	-0.45
Free Cash Flow	4.6	-43.56	-35.58	-35.19	-38.97	-21.34
Free Cash Flow Per Share	0.03	-0.27	-0.25	-0.26	-0.30	-0.64
Dividend Per Share	-	-	0.010	-	0.040	-
Gross Margin	92.54%	97.35%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-2.07%	-39.69%	-287.89%	-304.58%	-442.12%	-6552.60%
Profit Margin	-44.27%	-33.76%	-877.82%	-318.28%	-439.81%	-7815.63%
Free Cash Flow Margin	31.77%	-431.11%	-1167.22%	-881.27%	-988.13%	-11115.63%
EBITDA	2.92	-0.73	-7.76	-10.39	-15.61	-12.41
EBITDA Margin	20.19%	-7.20%	-254.66%	-260.08%	-	-
D&A For EBITDA	3.22	3.28	1.01	1.78	1.83	0.17
EBIT	-0.3	-4.01	-8.78	-12.16	-17.44	-12.58
EBIT Margin	-2.07%	-39.69%	-287.89%	-	-	-

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