Orogen Royalties Balance Sheet

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

Millions CAD. 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	11.01	7.91	14.33	6.38	3.66	2.87
Short-Term Investments	16.44	15.68	10.17	10.55	7.72	6.68
Cash & Short-Term Investments	27.45	23.59	24.5	16.93	11.37	9.56
Cash Growth	4.11%	-3.70%	44.69%	48.88%	19.00%	-11.81%
Accounts Receivable	4.24	3.8	3.64	2.31	1.21	0.9
Other Receivables	0.1	0.09	0.08	0.01	0.08	0.35
Receivables	4.34	3.89	3.72	2.32	1.29	1.25
Prepaid Expenses	0.16	0.16	0.08	0.15	0.07	0.11
Total Current Assets	31.95	27.65	28.3	19.4	12.73	10.92
Property, Plant & Equipment	4.39	4.15	4.74	41.85	40.17	40.53
Long-Term Deferred Tax Assets	-	-	-	1.23	-	-
Other Long-Term Assets	0.08	0.12	0.12	0.12	0.21	0.21
Total Assets	36.41	31.92	33.16	62.59	53.11	51.67
Accounts Payable	0.76	0.64	0.58	0.53	0.3	0.12
Accrued Expenses	0.06	0.13	0.09	0.15	0.12	0.06
Current Portion of Leases	0.07	0.07	0.06	0.06	0.05	0.07
Current Income Taxes Payable	0.37	0.41	0.41	-	-	-
Other Current Liabilities	0.65	0.14	0.31	0.14	0.17	0.44
Total Current Liabilities	1.91	1.39	1.45	0.88	0.65	0.68
Long-Term Leases	0.1	0.12	0.19	0.13	0.18	0.16
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.13
Total Liabilities	2.01	1.51	1.65	1.01	0.83	0.97
Common Stock	87.86	87.85	50.24	79.6	72.67	72.3
Additional Paid-In Capital	1.06	0.59	-	3.31	3.92	3.59
Retained Earnings	-54.52	-58.03	-18.73	-21.32	-24.37	-25.21
Comprehensive Income & Other	-	-	-	-	0.06	-
Shareholders' Equity	34.4	30.41	31.51	61.58	52.28	50.69
Total Liabilities & Equity	36.41	31.92	33.16	62.59	53.11	51.67
Total Debt	0.17	0.19	0.26	0.19	0.24	0.23
Net Cash (Debt)	27.28	23.41	24.24	16.74	11.14	9.33
Net Cash Growth	4.41%	-3.45%	44.80%	50.30%	19.40%	-11.19%
Net Cash Per Share	0.86	0.77	0.46	0.33	0.21	0.18
Filing Date Shares Outstanding	59.36	59.36	50.45	48.4	46.01	44.56
Total Common Shares Outstanding	59.36	59.36	50.41	48.36	44.8	44.52
Working Capital	30.04	26.26	26.85	18.52	12.08	10.24
Book Value Per Share	0.58	0.51	0.63	1.27	1.17	1.14
Tangible Book Value	34.4	30.41	31.51	61.58	52.28	50.69
Tangible Book Value Per Share	0.58	0.51	0.63	1.27	1.17	1.14
Machinery	0.59	0.55	0.55	0.55	0.55	0.54
Leasehold Improvements	-	0.02	0.02	0.02	0.02	0.02