Elemental Royalty Balance Sheet

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
Cash & Equivalents	14.54	4.45	11.29	17.48	6.11	10.92
Cash & Short-Term Investments	14.54	4.45	11.29	17.48	6.11	10.92
Cash Growth	142.75%	-60.54%	-35.42%	186.06%	-44.05%	1244.00%
Accounts Receivable	8.67	16.12	6.03	2.13	2.04	1.08
Other Receivables	0.34	0.27	1.06	0.41	-	0.02
Receivables	9.01	16.38	7.09	2.53	2.04	1.1
Prepaid Expenses	0.13	0.25	0.11	0.36	0.34	0.11
Other Current Assets	-	-	0.3	19.86	-	-
Total Current Assets	23.67	21.09	18.78	40.23	8.49	12.14
Property, Plant & Equipment	-	-	-	2.95	-	-
Long-Term Investments	181.62	179.05	156.61	142.75	68.01	15.65
Long-Term Accounts Receivable	3.75	4.03	13.53	-	-	-
Long-Term Deferred Charges	-	-	-	-	-	0.26
Total Assets	209.57	204.17	188.92	185.93	76.5	28.05
Accounts Payable	0.36	0.74	0.08	1.17	0.38	1.14
Accrued Expenses	1.38	0.99	1.46	0.98	0.96	-
Other Current Liabilities	0.55	1.62	0.46	5.25	0.11	-
Total Current Liabilities	2.29	3.35	1.99	7.39	1.44	1.14
Long-Term Debt	-	2.69	30	30	24.43	-
Long-Term Leases	-	-	-	0.04	-	-
Long-Term Deferred Tax Liabilities	1.75	1.75	1.73	2.07	0.15	-
Total Liabilities	4.04	7.78	33.72	39.5	26.03	1.14
Common Stock	220.49	217.45	177.42	165.04	56.44	28.79
Additional Paid-In Capital	6.77	6.54	5.66	6.99	1.72	1.08
Retained Earnings	-23.11	-29.02	-29.17	-25.94	-7.73	-3
Comprehensive Income & Other	1.39	1.42	1.28	0.34	0.04	0.04
Shareholders' Equity	205.53	196.38	155.2	146.43	50.47	26.91
Total Liabilities & Equity	209.57	204.17	188.92	185.93	76.5	28.05
Total Debt	-	2.69	30	30.04	24.43	-
Net Cash (Debt)	14.54	1.77	-18.71	-12.56	-18.32	10.92
Net Cash Growth	-	-	-	-	-	1244.00%
Net Cash Per Share	0.60	0.09	-1.00	-1.20	-2.76	3.46
Filing Date Shares Outstanding	24.77	24.58	19.6	18.25	6.9	6.9
Total Common Shares Outstanding	24.77	24.58	19.6	18.09	6.9	4.45
Working Capital	21.38	17.74	16.79	32.84	7.05	11
Book Value Per Share	8.30	7.99	7.92	8.09	7.32	6.04
Tangible Book Value	205.53	196.38	155.2	146.43	50.47	26.91
Tangible Book Value Per Share	8.30	7.99	7.92	8.09	7.32	6.04
Machinery	-	-	-	0.19	-	-

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