Elemental Royalty 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	43.64	16.32	11.74	9.64	6.61
Revenue Growth (YoY)	167.37%	38.99%	21.84%	45.80%	29.10%
Cost of Revenue	17.39	7.22	6.9	5.41	2.88
Gross Profit	27.31	9.11	4.84	4.23	3.73
Selling, General & Admin	16.47	7.4	7.22	3.22	2.97
Other Operating Expenses	4.45	1.82	1.11	14.48	1.07
Operating Income	6.39	-0.12	-3.48	-13.47	-0.32
Interest Income	2.93	2.23	2.26	0.1	0.02
Interest Expense	-0.48	-2.03	-2.65	-4.48	-3.03
Other Non-Operating Income (Expense)	-1.51	0.92	2.53	-0.48	-0.04
Total Non-Operating Income (Expense)	0.95	1.12	2.14	-4.86	-3.05
Pretax Income	6.28	1.01	-1.75	-18.33	-3.36
Provision for Income Taxes	4.51	1.32	1.29	-0.12	1.36
Net Income	1.77	-0.36	-3.9	-18.21	-4.73
Earnings From Discontinued Operations	-	-0.05	-0.86	-	-
Net Income to Common	1.77	-0.36	-3.9	-18.21	-4.73
Shares Outstanding (Basic)	30	20	19	10	7
Shares Outstanding (Diluted)	32	20	19	10	7
Shares Change (YoY)	54.66%	9.34%	78.05%	57.94%	110.59%
EPS (Basic)	0.06	-0.02	-0.20	-1.70	-0.70
EPS (Diluted)	0.06	-0.02	-0.20	-1.70	-0.70
Shares Outstanding	24.77	24.58	19.6	18.09	6.9
Free Cash Flow	30.81	4.82	1.99	-0.72	1.12
Free Cash Flow Growth	539.68%	141.65%	-	-	-39.41%
Free Cash Flow Per Share	0.98	0.24	0.11	-0.07	0.17
Gross Margin	62.57%	55.78%	41.24%	43.88%	56.38%
Operating Margin	14.64%	-0.70%	-29.65%	-139.76%	-4.80%
Profit Margin	4.06%	-2.23%	-33.22%	-188.93%	-71.49%
FCF Margin	70.59%	29.50%	16.97%	-7.50%	16.93%
EBITDA	22.75	7.1	3.42	-8.03	2.57
EBITDA Margin	52.12%	43.52%	29.11%	-83.27%	38.83%
EBIT	6.39	-0.12	-3.48	-13.47	-0.32
EBIT Margin	14.64%	-0.70%	-29.65%	-139.76%	-4.80%
Effective Tax Rate	71.78%	130.92%	-73.87%	0.66%	-40.53%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.