Diversified Royalty Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	46.49	4.61	19.69	4.03	7.41	8.94
Trading Assets	0.29	0.19	0.19	2.28	3.31	0.65
Net Property, Plant & Equipment	0.51	0.53	0.62	0.71	0.8	0.9
Accrued Interest and Accounts Receivable	7.43	6.58	6	6.19	5.59	4.92
Other Intangible Assets	560.42	558.92	510.13	511.49	398.59	320.6
Long-Term Investments	41.33	41.21	42.24	42.31	42.34	44.47
Other Non-Earning Assets	0.24	0.22	0.11	0.34	0.41	0.3
Total Assets	656.7	612.25	578.98	567.35	458.45	380.76
Short-Term Borrowings	13.11	12.42	-	16.73	-	55.97
Trading Liabilities	0.49	0.77	0.15	0.55	-	1.02
Accounts Payable	4.51	1.96	4.13	1.8	5.38	2.54
Long-Term Debt	291	246.45	226.09	287.72	199.01	112.86
Other Liabilities	57.98	62.07	59.82	23.14	20.18	16.85
Total Liabilities	367.1	323.66	290.18	329.95	224.56	189.24
Common Stock	332.69	330.55	319.51	260.14	253.14	201.97
Additional Paid-in Capital	47.37	45.32	45.99	45.48	44.9	42.39
Accumulated Other Comprehensive Income	3.68	2.26	5	-0.23	1.17	-
Retained Earnings	-94.13	-89.53	-81.7	-67.99	-65.32	-52.84
Shareholders' Equity	289.61	288.59	288.8	237.4	233.89	191.53
Total Liabilities & Equity	656.7	612.25	578.98	567.35	458.45	380.76
Total Debt	291	246.45	226.09	287.72	199.01	112.86
Net Cash (Debt)	-291	-246.45	-226.09	-287.72	-199.01	-112.86
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.69	-1.44	-1.38	-2.00	-1.57	-0.83
Book Value	289.61	288.59	288.8	237.4	233.89	191.53
Book Value Per Share	1.68	1.69	1.76	1.65	1.84	1.41
Tangible Book Value	-270.82	-270.33	-221.33	-274.09	-164.7	-129.07
Tangible Book Value Per Share	-1.57	-1.58	-1.35	-1.90	-1.30	-0.95