RE Royalties Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	5.06	6.85	7.42	3.37	0.91	1.19
Total Interest Expense	4.41	3.86	3.42	1.86	1.03	0.29
Net Interest Income	0.65	2.99	4	1.51	-0.11	0.9
Gain (Loss) on Sale of Investments	-	-	-	-	0.13	-
Other Revenue	2.54	1.74	2.38	0.87	0.88	1.18
Revenue Before Loan Losses	3.19	4.73	6.39	2.38	0.9	2.08
Provision for Loan Losses	8.46	9.08	4.31	0.47	-	-
Revenue	-5.26	-4.35	2.08	1.91	0.9	2.08
Revenue Growth (YoY)	-	-	9.07%	111.94%	-56.71%	55.96%
Salaries & Employee Benefits	1.27	1.16	1.01	0.76	0.62	0.53
Cost of Services Provided	2.01	1.95	1.61	1.6	1.2	1.16
Other Operating Expenses	1.75	1.3	0.36	0.36	0.29	0.36
Total Operating Expenses	5.67	4.67	3.41	2.83	2.98	2.07
Operating Income	-10.93	-9.01	-1.33	-0.92	-2.08	0.01
Earnings From Equity Investments	-	-	-	0.51	-	-0.55
Currency Exchange Gain (Loss)	0.39	0.24	-0.23	0.57	-0.01	0.01
EBT Excluding Unusual Items	-10.63	-8.86	-1.64	0.11	-2.14	-0.6
Gain (Loss) on Sale of Investments	-0.1	-0.04	0.07	-0.33	0.01	0.16
Pretax Income	-10.67	-8.9	-1.57	-0.22	-2.13	-0.45
Income Tax Expense	0.03	0.37	0.24	0.21	-	-
Earnings From Continuing Ops.	-10.7	-9.27	-1.81	-0.43	-2.13	-0.45
Minority Interest in Earnings	0.32	-0.08	-1.31	-0.29	-	-
Net Income	-10.38	-9.35	-3.12	-0.73	-2.13	-0.45
Net Income to Common	-10.38	-9.35	-3.12	-0.73	-2.13	-0.45
Shares Outstanding (Basic)	43	43	43	39	33	32
Shares Outstanding (Diluted)	43	43	43	39	33	32
Shares Change (YoY)	-0.09%	0.07%	11.87%	16.11%	2.43%	1.06%
EPS (Basic)	-0.24	-0.22	-0.07	-0.02	-0.06	-0.01
EPS (Diluted)	-0.24	-0.22	-0.07	-0.02	-0.06	-0.01
Dividend Per Share	0.040	0.040	0.040	0.040	0.040	0.040
Operating Margin	-	-	-63.94%	-48.20%	-231.36%	0.59%
Profit Margin	-	-	-150.22%	-38.09%	-236.79%	-21.50%
Revenue as Reported	7.6	8.59	9.81	4.24	1.93	2.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.