Labrador Iron Ore Royalty 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	18.31	42.3	13.19	39.9	82.91	106.09
Cash & Short-Term Investments	18.31	42.3	13.19	39.9	82.91	106.09
Cash Growth	-54.55%	220.65%	-66.94%	-51.87%	-21.85%	36.26%
Accounts Receivable	42.6	52.79	53.83	42.63	49.67	58.32
Other Receivables	0.74	0.05	0.51	0.48	0.02	0.01
Receivables	43.34	52.84	54.34	43.12	49.68	58.34
Total Current Assets	61.65	95.14	67.53	83.02	132.59	164.43
Long-Term Investments	750.63	740.98	769.52	742.75	656.72	658.8
Total Assets	812.28	836.13	837.04	825.77	789.31	823.22
Accounts Payable	8.93	11.21	11.54	9.29	10.79	12.53
Current Income Taxes Payable	-	1.8	-	-	18.63	5.69
Other Current Liabilities	25.6	48	28.8	44.8	73.6	115.2
Total Current Liabilities	34.53	61.01	40.34	54.09	103.01	133.42
Long-Term Deferred Tax Liabilities	132.93	132.19	137.37	134.22	122.24	123.43
Total Liabilities	167.46	193.2	177.71	188.31	225.25	256.85
Common Stock	317.71	317.71	317.71	317.71	317.71	317.71
Retained Earnings	332.55	330.97	347.93	324.82	257.77	262
Comprehensive Income & Other	-5.45	-5.74	-6.3	-5.07	-11.42	-13.34
Shareholders' Equity	644.81	642.93	659.33	637.46	564.06	566.37
Total Liabilities & Equity	812.28	836.13	837.04	825.77	789.31	823.22
Net Cash (Debt)	18.31	42.3	13.19	39.9	82.91	106.09
Net Cash Growth	-54.55%	220.65%	-66.94%	-51.87%	-21.85%	36.26%
Net Cash Per Share	0.28	0.66	0.21	0.62	1.30	1.66
Filing Date Shares Outstanding	64	64	64	64	64	64
Total Common Shares Outstanding	64	64	64	64	64	64
Working Capital	27.12	34.14	27.19	28.93	29.58	31
Book Value Per Share	10.08	10.05	10.30	9.96	8.81	8.85
Tangible Book Value	644.81	642.93	659.33	637.46	564.06	566.37
Tangible Book Value Per Share	10.08	10.05	10.30	9.96	8.81	8.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.