Versamet Royalties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	74.18	34.76	12.03	3.14
Revenue Growth	404.43%	189.07%	283.00%	-
Cost of Revenue	20.15	15.11	9.99	1.4
Gross Profit	54.03	19.66	2.04	1.74
Selling, General & Admin	11.63	7.64	5.53	1.82
Other Operating Expenses	-37.43	-32.92	-5.71	-2.79
Operating Expenses	-12.37	-19.11	0.66	1.96
Operating Income	66.4	38.76	1.38	-0.22
Interest Expense	-13.86	-12.16	-3.58	-2.01
Interest & Investment Income	0.35	0.27	0.15	0.11
Currency Exchange Gain (Loss)	-0.15	-0.55	0.78	-0.39
EBT Excluding Unusual Items	52.74	26.32	-1.27	-2.5
Other Unusual Items	-	3.29	0.4	-0
Pretax Income	52.74	29.6	-0.87	-2.5
Income Tax Expense	15.71	9.27	1.57	0.62
Net Income	37.03	20.33	-2.45	-3.12
Net Income to Common	37.03	20.33	-2.45	-3.12
Net Income Growth	-	-	-	-
Shares Outstanding (Basic)	98	93	76	37
Shares Outstanding (Diluted)	102	96	76	37
Shares Change	11.05%	25.33%	105.49%	-
EPS (Basic)	0.38	0.22	-0.03	-0.08
EPS (Diluted)	0.36	0.21	-0.03	-0.08
EPS Growth	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Gross Margin	72.84%	56.54%	16.93%	55.52%
Operating Margin	89.51%	111.50%	11.45%	-6.90%
Profit Margin	49.92%	58.49%	-20.36%	-99.50%
EBITDA	79.83	44.94	2.22	0.68
EBITDA Margin	107.61%	129.27%	18.46%	21.78%
D&A For EBITDA	13.43	6.18	0.84	0.9
EBIT	66.4	38.76	1.38	-0.22
EBIT Margin	89.51%	111.50%	11.45%	-6.90%
Effective Tax Rate	29.78%	31.31%	-	-
Revenue as Reported	74.18	34.76	12.03	-