RE Royalties Balance Sheet

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	2016 - 2019
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	2016 - 2019
Cash & Equivalents	11.71	16.55	14.44	4.6	10.47	11.7	Upgrade
Long-Term Investments	0.1	0	0.1	0	0	0	Upgrade
Loans & Lease Receivables	23.17	28.09	37.39	33.97	14.16	15.44	Upgrade
Other Receivables	1.57	1.54	0.31	0.17	0.41	0.28	Upgrade
Property, Plant & Equipment	2.33	2.46	0.05	0.06	0.08	-	Upgrade
Other Intangible Assets	3.19	3.54	-	-	-	-	Upgrade
Restricted Cash	-	-	-	2.98	9.63	-	Upgrade
Other Current Assets	7.33	1.62	1.64	0.64	0.35	0.18	Upgrade
Long-Term Deferred Charges	0.13	0	0.05	0.19	0.09	-	Upgrade
Total Assets	49.53	53.81	53.98	42.61	35.19	27.61	Upgrade
Accounts Payable	0.54	1.07	0.49	0.4	0.16	0.08	Upgrade
Accrued Expenses	-	-	-	-	0.02	0.01	Upgrade
Short-Term Debt	-	0.39	-	-	-	-	Upgrade
Current Portion of Long-Term Debt	10.15	9.8	-	2.05	-	-	Upgrade
Current Portion of Leases	0.01	0.03	0.02	0.02	0.01	-	Upgrade
Long-Term Debt	34.16	34.28	36.23	19.44	20.52	10.51	Upgrade
Long-Term Leases	-	0	0.03	0.05	0.07	-	Upgrade
Long-Term Unearned Revenue	0.57	0.57	-	-	-	-	Upgrade
Current Income Taxes Payable	-	0.01	-	0.08	-	-	Upgrade
Other Current Liabilities	0.01	0.01	0.01	0.05	-	-	Upgrade
Long-Term Deferred Tax Liabilities	0.1	0.18	0.1	0.13	-	-	Upgrade
Other Long-Term Liabilities	0.27	0.29	-	-	-	-	Upgrade
Total Liabilities	45.99	46.81	36.89	22.22	20.79	10.6	Upgrade
Common Stock	30.42	30.42	30.36	30.28	23.16	23.16	Upgrade
Retained Earnings	-32.05	-28.67	-17.59	-12.74	-10.49	-7.02	Upgrade
Comprehensive Income & Other	3.06	3.45	2.56	2.24	1.73	0.87	Upgrade
Total Common Equity	1.44	5.2	15.33	19.78	14.41	17.01	Upgrade
Minority Interest	2.1	1.8	1.75	0.6	-	-	Upgrade
Shareholders' Equity	3.54	7	17.09	20.39	14.41	17.01	Upgrade
Total Liabilities & Equity	49.53	53.81	53.98	42.61	35.19	27.61	Upgrade
Total Debt	44.33	44.51	36.28	21.56	20.6	10.51	Upgrade
Net Cash (Debt)	-32.61	-27.96	-21.84	-16.96	-10.13	1.19	Upgrade
Net Cash Growth	-	-	-	-	-	-66.57%	Upgrade
Net Cash Per Share	-0.75	-0.65	-0.51	-0.44	-0.30	0.04	Upgrade
Filing Date Shares Outstanding	43.38	43.38	43.26	43.13	33.29	33.29	Upgrade
Total Common Shares Outstanding	43.38	43.38	43.26	43.13	33.29	33.29	Upgrade
Working Capital	32.9	36.33	53.26	39.76	34.82	27.52	Upgrade
Book Value Per Share	0.03	0.12	0.35	0.46	0.43	0.51	Upgrade
Tangible Book Value	-1.75	1.66	15.33	19.78	14.41	17.01	Upgrade
Tangible Book Value Per Share	-0.04	0.04	0.35	0.46	0.43	0.51	Upgrade

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