Sailfish Royalty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3.38	2.84	2.33	2.65	1.48
Revenue Growth (YoY)	18.85%	21.72%	-11.84%	79.38%	1458.56%
Cost of Revenue	0.05	0.45	0.52	0.69	0.36
Gross Profit	3.32	2.39	1.81	1.96	1.11
Selling, General & Admin	2.65	1.97	2.73	2.18	2.89
Operating Expenses	2.84	2.5	3.17	3.45	3.98
Operating Income	0.49	-0.1	-1.36	-1.49	-2.87
Interest Expense	-0.61	-0.44	-0.27	-0	-0.09
Interest & Investment Income	0.03	0.05	0.06	0.01	0
Currency Exchange Gain (Loss)	-0.02	-0.01	-0.01	-0.04	-0.04
Other Non Operating Income (Expenses)	0.17	1.54	0.87	-0.07	-0.86
EBT Excluding Unusual Items	0.07	1.03	-0.7	-1.59	-3.87
Gain (Loss) on Sale of Investments	1.19	-	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	6.73
Other Unusual Items	-	-	0.16	0.38	0.41
Pretax Income	1.26	1.03	-0.54	-1.21	3.27
Earnings From Continuing Operations	1.26	1.03	-0.54	-1.21	3.27
Earnings From Discontinued Operations	0.46	-0.48	-0.57	-	-
Net Income	1.71	0.55	-1.11	-1.21	3.27
Net Income to Common	1.71	0.55	-1.11	-1.21	3.27
Net Income Growth	211.66%	-	-	-	-
Shares Outstanding (Basic)	74	71	71	72	75
Shares Outstanding (Diluted)	75	71	71	72	75
Shares Change (YoY)	6.17%	-0.19%	-1.30%	-4.37%	12.36%
EPS (Basic)	0.02	0.01	-0.02	-0.02	0.04
EPS (Diluted)	0.02	0.01	-0.02	-0.02	0.04
EPS Growth	157.60%	-	-	-	-
Free Cash Flow	0.46	-0.05	-1.14	-0.36	-1.76
Free Cash Flow Per Share	0.01	-0.00	-0.02	-0.01	-0.02
Dividend Per Share	0.050	0.050	0.050	0.050	0.025
Dividend Growth	-	-	-	100.00%	-
Gross Margin	98.49%	84.30%	77.70%	74.10%	75.30%
Operating Margin	14.42%	-3.59%	-58.08%	-56.16%	-194.74%
Profit Margin	50.79%	19.37%	-47.40%	-45.55%	221.58%
Free Cash Flow Margin	13.65%	-1.92%	-48.80%	-13.46%	-118.99%
EBITDA	0.67	0.43	-0.93	-0.9	-2.53
EBITDA Margin	19.95%	14.97%	-40.02%	-34.02%	-171.56%
D&A For EBITDA	0.19	0.53	0.42	0.59	0.34
EBIT	0.49	-0.1	-1.36	-1.49	-2.87
EBIT Margin	14.42%	-3.59%	-58.08%	-56.16%	-194.74%
Revenue as Reported	3.38	2.84	2.33	2.65	1.48

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