RE Royalties Balance Sheet

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
Cash & Equivalents	11.71	16.55	14.44	4.6	10.47	11.7
Long-Term Investments	0.1	0	0.1	0	0	0
Loans & Lease Receivables	23.17	28.09	37.39	33.97	14.16	15.44
Other Receivables	1.57	1.54	0.31	0.17	0.41	0.28
Property, Plant & Equipment	2.33	2.46	0.05	0.06	0.08	-
Other Intangible Assets	3.19	3.54	-	-	-	-
Restricted Cash	-	-	-	2.98	9.63	-
Other Current Assets	7.33	1.62	1.64	0.64	0.35	0.18
Long-Term Deferred Charges	0.13	0	0.05	0.19	0.09	-
Total Assets	49.53	53.81	53.98	42.61	35.19	27.61
Accounts Payable	0.54	1.07	0.49	0.4	0.16	0.08
Accrued Expenses	-	-	-	-	0.02	0.01
Short-Term Debt	-	0.39	-	-	-	-
Current Portion of Long-Term Debt	10.15	9.8	-	2.05	-	-
Current Portion of Leases	0.01	0.03	0.02	0.02	0.01	-
Long-Term Debt	34.16	34.28	36.23	19.44	20.52	10.51
Long-Term Leases	-	0	0.03	0.05	0.07	-
Long-Term Unearned Revenue	0.57	0.57	-	-	-	-
Current Income Taxes Payable	-	0.01	-	0.08	-	-
Other Current Liabilities	0.01	0.01	0.01	0.05	-	-
Long-Term Deferred Tax Liabilities	0.1	0.18	0.1	0.13	-	-
Other Long-Term Liabilities	0.27	0.29	-	-	-	-
Total Liabilities	45.99	46.81	36.89	22.22	20.79	10.6
Common Stock	30.42	30.42	30.36	30.28	23.16	23.16
Retained Earnings	-32.05	-28.67	-17.59	-12.74	-10.49	-7.02
Comprehensive Income & Other	3.06	3.45	2.56	2.24	1.73	0.87
Total Common Equity	1.44	5.2	15.33	19.78	14.41	17.01
Minority Interest	2.1	1.8	1.75	0.6	-	-
Shareholders' Equity	3.54	7	17.09	20.39	14.41	17.01
Total Liabilities & Equity	49.53	53.81	53.98	42.61	35.19	27.61
Total Debt	44.33	44.51	36.28	21.56	20.6	10.51
Net Cash (Debt)	-32.61	-27.96	-21.84	-16.96	-10.13	1.19
Net Cash Growth	-	-	-	-	-	-66.57%
Net Cash Per Share	-0.75	-0.65	-0.51	-0.44	-0.30	0.04
Filing Date Shares Outstanding	43.38	43.38	43.26	43.13	33.29	33.29
Total Common Shares Outstanding	43.38	43.38	43.26	43.13	33.29	33.29
Working Capital	32.9	36.33	53.26	39.76	34.82	27.52
Book Value Per Share	0.03	0.12	0.35	0.46	0.43	0.51
Tangible Book Value	-1.75	1.66	15.33	19.78	14.41	17.01
Tangible Book Value Per Share	-0.04	0.04	0.35	0.46	0.43	0.51

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