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
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
Cash & Equivalents	11.71	16.55	14.44	7.58	20.1	11.7
Cash & Short-Term Investments	11.71	16.55	14.44	7.58	20.1	11.7
Cash Growth	-36.48%	14.60%	90.50%	-62.29%	71.74%	189.14%
Other Current Assets	22.34	13.74	19.69	11.09	1.03	7.6
Total Current Assets	34.06	30.29	34.13	18.67	21.13	19.31
Net Property, Plant & Equipment	2.33	2.46	0.05	0.06	0.08	-
Other Intangible Assets	3.19	3.54	-	-	-	-
Long-Term Investments	9.82	17.52	19.76	23.69	13.89	8.3
Other Long-Term Assets	0.13	0	0.05	0.19	0.09	-
Total Assets	49.53	53.81	53.98	42.61	35.2	27.61
Accounts Payable	0.54	1.07	0.49	0.4	0.19	0.09
Short-Term Debt	-	0.39	-	-	-	-
Current Portion of Long-Term Debt	10.15	9.8	-	2.05	-	-
Current Portion of Leases	0.01	0.03	0.02	0.02	0.01	-
Other Current Liabilities	0.18	0.19	0.01	0.13	-	-
Total Current Liabilities	10.88	11.48	0.53	2.6	0.2	0.09
Long-Term Debt	34.16	34.28	36.23	19.44	20.52	10.51
Long-Term Leases	-	0	0.03	0.05	0.07	-
Other Long-Term Liabilities	0.95	1.05	0.1	0.13	-	-
Total Long-Term Liabilities	35.11	35.33	36.36	19.62	20.59	10.51
Total Liabilities	45.99	46.81	36.89	22.22	20.79	10.6
Common Stock	30.42	30.42	30.36	30.28	23.16	23.16
Additional Paid-in Capital	3.06	3.45	2.56	2.24	1.73	0.87
Retained Earnings	-32.05	-28.67	-17.59	-12.74	-10.49	-7.02
Total Common Shareholders' Equity	1.44	5.2	15.33	19.78	14.41	17.01
Minority Interest	2.1	1.8	1.75	0.6	-	-
Shareholders' Equity	3.54	7	17.09	20.39	14.41	17.01
Total Liabilities & Equity	49.53	53.81	53.98	42.61	35.2	27.61
Total Debt	44.33	44.51	36.28	21.56	20.6	10.51
Net Cash (Debt)	-32.61	-27.96	-21.84	-13.98	-0.5	1.19
Net Cash Growth	-	-	-	-	-	-66.57%
Net Cash Per Share	-0.75	-0.65	-0.51	-0.36	-0.01	0.04
Book Value	1.44	5.2	15.33	19.78	14.41	17.01
Book Value Per Share	0.03	0.12	0.35	0.51	0.43	0.52
Tangible Book Value	-1.75	1.66	15.33	19.78	14.41	17.01
Tangible Book Value Per Share	-0.04	0.04	0.35	0.51	0.43	0.52

Updated Nov 27, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.