Sailfish Royalty Balance Sheet

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

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