Orogen Royalties Income Statement

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

Millions CAD. 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	9.6	7.93	5.98	3.78	0.64
Revenue Growth (YoY)	21.11%	32.54%	58.11%	492.06%	103628.90%
Cost of Revenue	-	-	-	-	0.15
Gross Profit	9.6	7.93	5.98	3.78	0.49
Selling, General & Admin	3.87	3.24	3.1	2.7	2.71
Other Operating Expenses	-	-	0.07	-	-1.44
Operating Expenses	6.19	5.05	4.68	3.89	3.12
Operating Income	3.41	2.88	1.31	-0.11	-2.63
Interest & Investment Income	0.46	0.58	0.26	0.09	0.1
Currency Exchange Gain (Loss)	-1.21	0.63	-0.24	0.16	-0.06
Other Non Operating Income (Expenses)	0.07	-0.2	-0.07	-0.08	-0.1
EBT Excluding Unusual Items	2.73	3.89	1.25	0.07	-2.69
Gain (Loss) on Sale of Investments	4.34	0.37	0.67	0.64	-0.01
Pretax Income	7.07	4.26	1.92	0.71	-2.7
Income Tax Expense	2.51	1.67	-1.12	-0.13	0.13
Net Income	4.56	2.59	3.04	0.84	-2.83
Net Income to Common	4.56	2.59	3.04	0.84	-2.83
Net Income Growth	76.05%	-14.86%	262.35%	-	-
Shares Outstanding (Basic)	29	50	47	45	44
Shares Outstanding (Diluted)	30	52	51	52	52
Shares Change (YoY)	-41.78%	1.57%	-1.03%	0.05%	76.12%
EPS (Basic)	0.16	0.05	0.06	0.02	-0.06
EPS (Diluted)	0.15	0.05	0.04	0.02	-0.08
EPS Growth	202.40%	24.01%	147.49%	-	-
Free Cash Flow	1.36	3.05	-0.5	0.78	-3.56
Free Cash Flow Per Share	0.04	0.06	-0.01	0.01	-0.07
Gross Margin	100.00%	100.00%	100.00%	100.00%	76.75%
Operating Margin	35.48%	36.36%	21.83%	-2.84%	-411.29%
Profit Margin	47.53%	32.70%	50.90%	22.21%	-443.13%
Free Cash Flow Margin	14.21%	38.49%	-8.34%	20.60%	-557.66%
EBITDA	3.54	3.04	1.34	0.35	-1.19
EBITDA Margin	36.85%	38.33%	22.34%	9.17%	-185.51%
D&A For EBITDA	0.13	0.16	0.03	0.45	1.44
EBIT	3.41	2.88	1.31	-0.11	-2.63
EBIT Margin	35.48%	36.36%	21.83%	-2.84%	-
Effective Tax Rate	35.44%	39.13%	-	-	-

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