Orogen Royalties Balance Sheet

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
Cash & Equivalents	7.91	14.33	6.38	3.66	2.87
Short-Term Investments	15.68	10.17	10.55	7.72	6.68
Cash & Short-Term Investments	23.59	24.5	16.93	11.37	9.56
Cash Growth	-3.70%	44.69%	48.88%	19.00%	-11.81%
Accounts Receivable	3.89	3.64	2.31	1.21	0.9
Other Receivables	-	0.08	0.01	0.08	0.35
Receivables	3.89	3.72	2.32	1.29	1.25
Prepaid Expenses	0.16	0.08	0.15	0.07	0.11
Total Current Assets	27.65	28.3	19.4	12.73	10.92
Property, Plant & Equipment	4.15	41.34	41.85	40.17	40.53
Long-Term Deferred Tax Assets	-	-	1.23	-	-
Other Long-Term Assets	0.12	0.12	0.12	0.21	0.21
Total Assets	31.92	69.76	62.59	53.11	51.67
Accounts Payable	0.78	0.58	0.53	0.3	0.12
Accrued Expenses	-	0.09	0.15	0.12	0.06
Current Portion of Leases	0.07	0.06	0.06	0.05	0.07
Current Income Taxes Payable	0.41	0.41	-	-	-
Other Current Liabilities	0.14	0.31	0.14	0.17	0.44
Total Current Liabilities	1.39	1.45	0.88	0.65	0.68
Long-Term Leases	0.12	0.19	0.13	0.18	0.16
Long-Term Deferred Tax Liabilities	-	-	-	-	0.13
Total Liabilities	1.51	1.65	1.01	0.83	0.97
Common Stock	87.85	83.54	79.6	72.67	72.3
Additional Paid-In Capital	0.59	3.3	3.31	3.92	3.59
Retained Earnings	-58.03	-18.73	-21.32	-24.37	-25.21
Comprehensive Income & Other	-	-	-	0.06	-
Shareholders' Equity	30.41	68.11	61.58	52.28	50.69
Total Liabilities & Equity	31.92	69.76	62.59	53.11	51.67
Total Debt	0.19	0.26	0.19	0.24	0.23
Net Cash (Debt)	23.41	24.24	16.74	11.14	9.33
Net Cash Growth	-3.45%	44.80%	50.30%	19.40%	-11.19%
Net Cash Per Share	0.77	0.46	0.33	0.21	0.18
Filing Date Shares Outstanding	-	50.45	48.4	46.01	44.56
Total Common Shares Outstanding	-	50.41	48.36	44.8	44.52
Working Capital	26.26	26.85	18.52	12.08	10.24
Book Value Per Share	-	1.35	1.27	1.17	1.14
Tangible Book Value	30.41	68.11	61.58	52.28	50.69
Tangible Book Value Per Share	-	1.35	1.27	1.17	1.14
Machinery	-	0.55	0.55	0.55	0.54
Leasehold Improvements	-	0.02	0.02	0.02	0.02

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