Orogen Royalties Income Statement

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

Millions CAD. 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
Revenue	8.87	7.93	5.98	3.78	0.64	0
Revenue Growth (YoY)	20.95%	32.54%	58.11%	492.06%	103628.90%	-99.68%
Cost of Revenue	-	-	-	-	0.15	0.37
Gross Profit	8.87	7.93	5.98	3.78	0.49	-0.37
Selling, General & Admin	3.5	3.24	3.1	2.7	2.71	2.44
Other Operating Expenses	-	-	0.07	-	-1.44	-0.01
Operating Expenses	5.12	5.05	4.68	3.89	3.12	4.88
Operating Income	3.75	2.88	1.31	-0.11	-2.63	-5.25
Interest & Investment Income	0.59	0.58	0.26	0.09	0.1	0.09
Currency Exchange Gain (Loss)	-0.53	0.63	-0.24	0.16	-0.06	-0.01
Other Non Operating Income (Expenses)	0.04	-0.2	-0.07	-0.08	-0.1	-0.03
EBT Excluding Unusual Items	3.85	3.89	1.25	0.07	-2.69	-5.2
Gain (Loss) on Sale of Investments	2.46	0.37	0.67	0.64	-0.01	0.17
Pretax Income	6.3	4.26	1.92	0.71	-2.7	-5.02
Income Tax Expense	2.16	1.67	-1.12	-0.13	0.13	-
Net Income	4.14	2.59	3.04	0.84	-2.83	-5.02
Net Income to Common	4.14	2.59	3.04	0.84	-2.83	-5.02
Net Income Growth	152.31%	-14.86%	262.35%	-	-	-
Shares Outstanding (Basic)	44	50	47	45	44	30
Shares Outstanding (Diluted)	44	52	51	52	52	30
Shares Change (YoY)	-15.89%	1.57%	-1.03%	0.05%	76.12%	39.46%
EPS (Basic)	0.10	0.05	0.06	0.02	-0.06	-0.17
EPS (Diluted)	0.08	0.04	0.04	0.02	-0.08	-0.17
EPS Growth	5791.84%	-	147.49%	-	-	-
Free Cash Flow	2.08	3.05	-0.5	0.78	-3.56	-3.87
Free Cash Flow Per Share	0.05	0.06	-0.01	0.01	-0.07	-0.13
Gross Margin	100.00%	100.00%	100.00%	100.00%	76.75%	-
Operating Margin	42.25%	36.36%	21.83%	-2.84%	-411.29%	-852233.44%
Profit Margin	46.73%	32.70%	50.90%	22.21%	-443.13%	-815580.03%
Free Cash Flow Margin	23.50%	38.49%	-8.34%	20.60%	-557.66%	-627731.33%
EBITDA	3.85	3.04	1.34	0.35	-1.19	-3.68
EBITDA Margin	43.44%	38.33%	22.34%	9.17%	-185.51%	-
D&A For EBITDA	0.11	0.16	0.03	0.45	1.44	1.57
EBIT	3.75	2.88	1.31	-0.11	-2.63	-5.25
EBIT Margin	42.25%	36.36%	21.83%	-2.84%	-	-
Effective Tax Rate	34.24%	39.13%	-	-	-	-

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