Nations Royalty Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	May '24 May 31, 2024	Mar '24 Mar 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022
Cash & Equivalents	3.26	4.71	0.05	-	0.89	-
Cash & Short-Term Investments	3.26	4.71	0.05	-	0.89	-
Cash Growth	-42.71%	9570.98%	-	-	-	-
Accounts Receivable	1.27	0.89	-	0.05	-	-
Other Receivables	0	0	0.03	0.37	0.01	-
Receivables	1.28	0.9	0.03	0.41	0.01	-
Prepaid Expenses	0.06	0.03	-	-	-	-
Other Current Assets	-	-	10	-	-	-
Total Current Assets	4.6	5.64	10.08	0.41	0.9	-
Other Long-Term Assets	-	-	-	3.28	-	-
Total Assets	4.6	5.64	10.08	3.7	0.9	-
Accounts Payable	0.11	0.11	1.07	-	0.53	0.25
Accrued Expenses	-	-	-	-	-	0.02
Other Current Liabilities	-	-	9.88	-	-	-
Total Current Liabilities	0.11	0.11	10.95	-	0.53	0.26
Total Liabilities	0.11	0.11	10.95	-	0.53	0.26
Common Stock	30.27	30.27	6.08	-	6.08	5.2
Retained Earnings	-30.87	-28.55	-7.09	-	-5.8	-5.56
Comprehensive Income & Other	5.09	3.81	0.15	3.7	0.09	0.09
Shareholders' Equity	4.49	5.52	-0.86	3.7	0.37	-0.26
Total Liabilities & Equity	4.6	5.64	10.08	3.7	0.9	-
Net Cash (Debt)	3.26	4.71	0.05	-	0.89	-
Net Cash Growth	-42.71%	9570.98%	-	-	-	-
Net Cash Per Share	0.02	0.04	0.00	-	1.97	-
Filing Date Shares Outstanding	155.23	144.73	144.73	-	22.52	0.27
Total Common Shares Outstanding	144.76	144.73	22.52	-	22.52	0.27
Working Capital	4.49	5.52	-0.86	0.41	0.37	-0.26
Book Value Per Share	0.03	0.04	-0.04	-	0.02	-0.98
Tangible Book Value	4.49	5.52	-0.86	3.7	0.37	-0.26
Tangible Book Value Per Share	0.03	0.04	-0.04	-	0.02	-0.98

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.