Vox Royalty Income Statement

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

Millions USD. 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
Operating Revenue	12.16	11.05	12.31	8.19	3.65	0.13
Other Revenue	-	-	-	0.32	-	-
Revenue	12.16	11.05	12.31	8.51	3.65	0.13
Revenue Growth (YoY)	9.06%	-10.26%	44.69%	132.99%	2792.98%	-
Cost of Revenue	0.43	0.16	0.28	0.31	0.14	-
Gross Profit	11.73	10.88	12.03	8.2	3.51	0.13
Selling, General & Admin	4.37	4.52	4.97	4.85	4.44	2.36
Operating Expenses	10.98	9.79	10.3	7.75	6.82	6.55
Operating Income	0.75	1.09	1.73	0.45	-3.31	-6.42
Interest Expense	-0.34	-0.09	-	-	-	-0.08
Interest & Investment Income	0.38	0.48	0.4	0.08	0.01	0.04
Currency Exchange Gain (Loss)	-0.08	-0.29	-0.16	-0.33	0.1	0.53
Other Non Operating Income (Expenses)	-0.23	-0.23	0.45	2.2	-0.63	-0.09
EBT Excluding Unusual Items	0.48	0.98	2.41	2.4	-3.83	-6.03
Merger & Restructuring Charges	-	-	-	-	-	-1.77
Gain (Loss) on Sale of Investments	-	-	-	-0.6	-0.15	-1.46
Gain (Loss) on Sale of Assets	-	-	-	-	2.03	-
Asset Writedown	-	-	-	-	-	-0.97
Pretax Income	0.48	0.98	2.41	1.8	-1.95	-10.23
Income Tax Expense	2.03	2.63	2.51	1.47	2.18	-
Net Income	-1.55	-1.65	-0.1	0.33	-4.13	-10.23
Net Income to Common	-1.55	-1.65	-0.1	0.33	-4.13	-10.23
Shares Outstanding (Basic)	51	50	47	43	38	29
Shares Outstanding (Diluted)	51	50	47	43	38	29
Shares Change (YoY)	1.90%	6.77%	10.63%	12.47%	29.00%	23.14%
EPS (Basic)	-0.03	-0.03	-0.00	0.01	-0.11	-0.35
EPS (Diluted)	-0.03	-0.03	-0.00	0.01	-0.11	-0.35
Free Cash Flow	-66.19	1.79	-0.16	-2.6	-8.6	-5.95
Free Cash Flow Per Share	-1.30	0.04	-0.00	-0.06	-0.23	-0.20
Dividend Per Share	0.050	0.048	0.044	0.020	-	-
Dividend Growth	5.32%	9.09%	120.00%	-	-	-
Gross Margin	96.46%	98.52%	97.71%	96.37%	96.17%	100.00%
Operating Margin	6.14%	9.90%	14.04%	5.28%	-90.68%	-5088.89%
Profit Margin	-12.76%	-14.93%	-0.82%	3.86%	-113.15%	-8105.56%
Free Cash Flow Margin	-544.43%	16.16%	-1.29%	-30.57%	-235.45%	-4717.15%
EBITDA	5.57	4.41	5.58	2.48	-2.16	-6.29
EBITDA Margin	45.83%	39.92%	45.34%	29.11%	-59.02%	-
D&A For EBITDA	4.82	3.32	3.85	2.03	1.16	0.14
EBIT	0.75	1.09	1.73	0.45	-3.31	-6.42
EBIT Margin	6.14%	9.90%	14.04%	5.28%	-90.68%	-
Effective Tax Rate	426.12%	268.96%	104.19%	81.73%	-	-
Revenue as Reported	12.16	11.05	12.31	8.51	3.65	-

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