Freehold 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	-	-	-	0.52	2.19	1.03
Cash & Short-Term Investments	-	-	-	0.52	2.19	1.03
Cash Growth	-	-	-	-76.06%	113.35%	-14.43%
Accounts Receivable	49.45	48.4	43.33	57.65	46.3	16.02
Other Current Assets	3.04	4.39	12.09	21.91	14.71	78.04
Total Current Assets	52.48	52.78	55.42	80.08	63.2	95.09
Net Property, Plant & Equipment	1,320	1,399	1,034	1,132	1,007	718.55
Other Long-Term Assets	30.86	30.86	29.27	-	-	16.27
Total Assets	1,403	1,482	1,118	1,212	1,071	829.91
Accounts Payable	4.57	6.9	4.88	4.02	5.16	3.91
Current Portion of Leases	0.26	0.26	0.24	0.2	0.2	0.2
Other Current Liabilities	27.36	27.03	28.22	47.22	13.07	63.74
Total Current Liabilities	32.19	34.19	33.33	51.43	18.43	67.85
Long-Term Debt	283.56	300.85	122.97	156.56	146	93
Long-Term Leases	1.05	1.19	1.38	1.52	1.62	1.72
Other Long-Term Liabilities	52.28	46.78	36.97	42.16	13.49	7.9
Total Long-Term Liabilities	336.88	348.83	161.33	200.24	161.11	102.62
Total Liabilities	369.07	383.02	194.66	251.66	179.54	170.47
Common Stock	1,668	1,668	1,501	1,500	1,500	1,272
Additional Paid-in Capital	-	-	-	-	4.52	3.76
Accumulated Other Comprehensive Income	16.98	27.13	4.11	10.17	0.13	-0.04
Retained Earnings	-650.59	-595.48	-580.99	-550.16	-613.23	-616.68
Shareholders' Equity	1,034	1,099	923.76	960.34	890.97	659.44
Total Liabilities & Equity	1,403	1,482	1,118	1,212	1,071	829.91
Total Debt	284.87	302.31	124.59	158.28	147.81	94.91
Net Cash (Debt)	-284.87	-302.31	-124.59	-157.75	-145.63	-93.89
Net Cash Per Share	-1765.54	-1.99	-0.82	-1.05	-1.06	-0.79
Book Value	1,034	1,099	923.76	960.34	890.97	659.44
Book Value Per Share	6409.66	7.23	6.11	6.37	6.51	5.56
Tangible Book Value	1,034	1,099	923.76	960.34	890.97	659.44
Tangible Book Value Per Share	6409.66	7.23	6.11	6.37	6.51	5.56

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.