Ecora Royalties Income Statement

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

Millions USD. 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
Revenue	55.9	59.61	61.9	141.87	85.3
Revenue Growth (YoY)	-6.22%	-3.70%	-56.37%	66.33%	95.39%
Cost of Revenue	16.93	12.22	12.23	15.11	14.79
Gross Profit	38.97	47.38	49.67	126.76	70.51
Amortization of Goodwill & Intangibles	13.66	7.91	7.47	9.35	14.85
Operating Expenses	13.66	7.91	7.47	9.35	14.85
Operating Income	25.31	39.48	42.21	117.41	55.66
Interest Expense	-9.56	-8.09	-7.02	-5.68	-7.39
Interest & Investment Income	0.25	0.26	0.92	0.01	0
Currency Exchange Gain (Loss)	-2.69	1.28	0.07	-1.82	0.48
Other Non Operating Income (Expenses)	12.35	11.14	-3.1	1.77	17.06
EBT Excluding Unusual Items	25.66	44.06	33.07	111.69	65.81
Gain (Loss) on Sale of Assets	-	-	-	-	-18.97
Asset Writedown	-13.02	-38.13	-28.52	23.75	7.81
Pretax Income	12.64	5.93	4.55	135.44	54.64
Income Tax Expense	-9.54	15.76	3.71	40.81	17.16
Net Income	22.18	-9.83	0.85	94.64	37.48
Net Income to Common	22.18	-9.83	0.85	94.64	37.48
Net Income Growth	-	-	-99.11%	152.53%	-
Shares Outstanding (Basic)	249	252	258	234	208
Shares Outstanding (Diluted)	250	252	259	235	208
Shares Change (YoY)	-1.03%	-2.38%	10.11%	12.78%	15.44%
EPS (Basic)	0.09	-0.04	0.00	0.40	0.18
EPS (Diluted)	0.09	-0.04	0.00	0.40	0.18
EPS Growth	-	-	-99.19%	123.89%	-
Free Cash Flow	-16.02	28.09	33.43	128.64	-151.96
Free Cash Flow Per Share	-0.06	0.11	0.13	0.55	-0.73
Dividend Per Share	0.020	0.028	0.085	0.084	0.095
Dividend Growth	-28.83%	-66.94%	0.78%	-11.02%	-22.86%
Gross Margin	69.72%	79.49%	80.25%	89.35%	82.67%
Operating Margin	45.27%	66.23%	68.18%	82.75%	65.26%
Profit Margin	39.68%	-16.49%	1.37%	66.71%	43.94%
Free Cash Flow Margin	-28.67%	47.13%	54.00%	90.67%	-178.16%
EBITDA	39.1	47.55	49.84	126.8	70.52
EBITDA Margin	69.95%	79.77%	80.51%	89.38%	82.67%
D&A For EBITDA	13.79	8.07	7.63	9.39	14.85
EBIT	25.31	39.48	42.21	117.41	55.66
EBIT Margin	45.27%	66.23%	68.18%	82.75%	65.26%
Effective Tax Rate	-	265.63%	81.40%	30.13%	31.41%

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