Versamet Royalties Corporation (TSX:VMET)

Versamet Royalties Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	55.28	34.76	12.03	3.14
Revenue Growth (YoY)	332.44%	189.07%	283.00%	-
Cost of Revenue	18.04	15.11	9.99	1.4
Gross Profit	37.23	19.66	2.04	1.74
Selling, General & Admin	9.88	7.64	5.53	1.82
Other Operating Expenses	-39.98	-32.92	-5.71	-2.79
Operating Expenses	-20.16	-19.11	0.66	1.96
Operating Income	57.39	38.76	1.38	-0.22
Interest Expense	-13.66	-12.16	-3.58	-2.01
Interest & Investment Income	0.29	0.27	0.15	0.11
Currency Exchange Gain (Loss)	-0.62	-0.55	0.78	-0.39
EBT Excluding Unusual Items	43.4	26.32	-1.27	-2.5
Other Unusual Items	3.17	3.29	0.4	-0
Pretax Income	46.57	29.6	-0.87	-2.5
Income Tax Expense	14.27	9.27	1.57	0.62
Net Income	32.31	20.33	-2.45	-3.12
Net Income to Common	32.31	20.33	-2.45	-3.12
Shares Outstanding (Basic)	95	93	76	37
Shares Outstanding (Diluted)	98	96	76	37
Shares Change (YoY)	15.05%	25.33%	105.49%	-
EPS (Basic)	0.34	0.22	-0.03	-0.08
EPS (Diluted)	0.32	0.21	-0.03	-0.08
Gross Margin	67.36%	56.54%	16.93%	55.52%
Operating Margin	103.83%	111.50%	11.45%	-6.90%
Profit Margin	58.44%	58.49%	-20.36%	-99.50%
EBITDA	67.34	44.94	2.22	0.68
EBITDA Margin	121.82%	129.27%	18.46%	21.78%
D&A For EBITDA	9.95	6.18	0.84	0.9
EBIT	57.39	38.76	1.38	-0.22
EBIT Margin	103.83%	111.50%	11.45%	-6.90%
Effective Tax Rate	30.63%	31.31%	-	-
Revenue as Reported	55.28	34.76	12.03	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.