Source Rock Royalties Ltd. (SRRRF)

Source Rock Royalties Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	6.57	7.69	6.65	6.49	4.26	1.38
Revenue Growth (YoY)	-12.83%	15.70%	2.40%	52.29%	209.79%	-48.94%
Gross Profit	6.57	7.69	6.65	6.49	4.26	1.38
Selling, General & Admin	0.78	0.87	0.85	0.75	0.48	0.35
Operating Expenses	4.66	5.65	4.81	3.33	4.4	6.61
Operating Income	1.91	2.04	1.84	3.16	-0.13	-5.23
Interest & Investment Income	0.14	0.14	0.43	0.29	0	0
Pretax Income	2.06	2.17	2.27	3.44	-0.13	-5.23
Income Tax Expense	0.54	0.68	0.7	0.88	-0.31	-2.37
Net Income	1.52	1.5	1.57	2.56	0.18	-2.86
Net Income to Common	1.52	1.5	1.57	2.56	0.18	-2.86
Net Income Growth	10.17%	-4.53%	-38.77%	1348.99%	-	-
Shares Outstanding (Basic)	46	45	45	42	29	29
Shares Outstanding (Diluted)	48	48	47	43	31	29
Shares Change (YoY)	1.12%	2.56%	7.78%	38.47%	7.62%	5.07%
EPS (Basic)	0.03	0.03	0.03	0.06	0.01	-0.10
EPS (Diluted)	0.03	0.03	0.03	0.06	0.01	-0.10
EPS Growth	6.86%	-8.82%	-42.38%	883.33%	-	-
Free Cash Flow	5.11	6.62	-8.36	1.7	2.21	0.71
Free Cash Flow Per Share	0.11	0.14	-0.18	0.04	0.07	0.03
Dividend Per Share	0.078	0.076	0.066	0.060	0.015	0.005
Dividend Growth	4.00%	15.91%	10.00%	300.00%	200.00%	-91.67%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	29.14%	26.47%	27.61%	48.63%	-3.16%	-380.18%
Profit Margin	23.06%	19.45%	23.57%	39.41%	4.14%	-207.62%
Free Cash Flow Margin	77.73%	86.11%	-125.85%	26.18%	51.90%	51.66%
EBITDA	5.02	5.98	5.02	5.34	3.48	0.71
EBITDA Margin	76.47%	77.71%	75.50%	82.23%	81.71%	51.76%
D&A For EBITDA	3.11	3.94	3.18	2.18	3.62	5.94
EBIT	1.91	2.04	1.84	3.16	-0.13	-5.23
EBIT Margin	29.14%	26.47%	27.61%	48.63%	-3.16%	-
Effective Tax Rate	26.29%	31.16%	30.90%	25.70%	-	-

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