Sailfish Royalty Balance Sheet

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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	1.8	1.53	2.15	2.55	1.61	3.68
Trading Asset Securities	0.77	1.68	-	-	-	-
Cash & Short-Term Investments	2.56	3.21	2.15	2.55	1.61	3.68
Cash Growth	16.67%	49.16%	-15.76%	58.64%	-56.27%	135.50%
Accounts Receivable	1.29	0.02	0.02	0.02	0.01	0.01
Other Receivables	10.76	-	1.89	3.48	0	1.25
Receivables	12.06	0.02	1.9	3.51	3.39	5.57
Prepaid Expenses	0.13	0.04	0.04	0.11	0.06	0.08
Other Current Assets	1	40.77	1.06	0.25	1.88	-
Total Current Assets	15.75	44.04	5.15	6.41	6.94	9.33
Property, Plant & Equipment	-	-	-	0.68	0.66	0.67
Long-Term Investments	35.41	35.49	33.93	34.46	34.88	35.45
Long-Term Deferred Charges	0.19	1.53	-	-	-	-
Other Long-Term Assets	30.42	-	-	1.23	-	-
Total Assets	81.77	81.07	39.09	42.79	42.47	48.45
Accounts Payable	0.56	0.22	0.11	0.18	0.24	0.4
Accrued Expenses	0	0.7	0.25	0.01	-	-
Short-Term Debt	40	40	-	-	-	-
Current Portion of Long-Term Debt	-	-	0.04	0.04	-	-
Current Portion of Leases	-	-	-	-	0.02	0.03
Other Current Liabilities	5.49	1.42	0.96	1.21	0.93	0.92
Total Current Liabilities	46.05	42.34	1.36	1.45	1.19	1.35
Long-Term Debt	-	-	3.96	3.92	-	-
Long-Term Leases	-	-	-	-	-	0.02
Total Liabilities	46.05	42.34	5.32	5.37	1.19	1.36
Common Stock	48.86	48.48	41.67	41.81	41.1	42.57
Additional Paid-In Capital	6.08	6.69	6.52	6.92	6.9	6.47
Retained Earnings	-19.2	-16.43	-14.42	-11.43	-6.76	-1.97
Comprehensive Income & Other	-0.02	-0.02	-0.01	0.12	0.04	0.01
Shareholders' Equity	35.72	38.73	33.77	37.42	41.28	47.08
Total Liabilities & Equity	81.77	81.07	39.09	42.79	42.47	48.45
Total Debt	40	40	4	3.97	0.02	0.05
Net Cash (Debt)	-37.44	-36.79	-1.85	-1.41	1.59	3.63
Net Cash Growth	-	-	-	-	-56.17%	-
Net Cash Per Share	-0.48	-0.49	-0.03	-0.02	0.02	0.05
Filing Date Shares Outstanding	77.91	76.89	70.67	70.81	71.27	72.38
Total Common Shares Outstanding	76.89	76.25	70.67	71.31	70.97	72.73
Working Capital	-30.3	1.71	3.79	4.97	5.75	7.98
Book Value Per Share	0.46	0.51	0.48	0.52	0.58	0.65
Tangible Book Value	35.72	38.73	33.77	37.42	41.28	47.08
Tangible Book Value Per Share	0.46	0.51	0.48	0.52	0.58	0.65