Freehold Royalties Balance Sheet

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

Millions CAD. 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
Cash & Equivalents	-	-	-	0.52	2.19
Cash & Short-Term Investments	-	-	-	0.52	2.19
Cash Growth	-	-	-	-76.06%	113.35%
Accounts Receivable	45.63	48.4	43.33	57.65	46.3
Other Current Assets	4.69	4.39	12.09	21.91	14.71
Total Current Assets	50.32	52.78	55.42	80.08	63.2
Net Property, Plant & Equipment	1,290	1,399	1,034	1,132	1,007
Other Long-Term Assets	30.86	30.86	29.27	-	-
Total Assets	1,371	1,482	1,118	1,212	1,071
Accounts Payable	6.67	6.9	4.88	4.02	5.16
Current Portion of Leases	0.36	0.26	0.24	0.2	0.2
Other Current Liabilities	28.68	27.03	28.22	47.22	13.07
Total Current Liabilities	35.71	34.19	33.33	51.43	18.43
Long-Term Debt	282.85	300.85	122.97	156.56	146
Long-Term Leases	1.44	1.19	1.38	1.52	1.62
Other Long-Term Liabilities	52.68	46.78	36.97	42.16	13.49
Total Long-Term Liabilities	336.97	348.83	161.33	200.24	161.11
Total Liabilities	372.68	383.02	194.66	251.66	179.54
Common Stock	1,668	1,668	1,501	1,500	1,500
Additional Paid-in Capital	-	-	-	-	4.52
Accumulated Other Comprehensive Income	11.36	27.13	4.11	10.17	0.13
Retained Earnings	-680.77	-595.48	-580.99	-550.16	-613.23
Shareholders' Equity	998.39	1,099	923.76	960.34	890.97
Total Liabilities & Equity	1,371	1,482	1,118	1,212	1,071
Total Debt	284.65	302.31	124.59	158.28	147.81
Net Cash (Debt)	-284.65	-302.31	-124.59	-157.75	-145.63
Net Cash Per Share	-1.74	-1.99	-0.82	-1.05	-1.06
Book Value	998.39	1,099	923.76	960.34	890.97
Book Value Per Share	6.09	7.23	6.11	6.37	6.51
Tangible Book Value	998.39	1,099	923.76	960.34	890.97
Tangible Book Value Per Share	6.09	7.23	6.11	6.37	6.51

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