RE 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	0.82	2.75	16.55	14.44	7.58	20.1
Cash & Short-Term Investments	0.82	2.75	16.55	14.44	7.58	20.1
Cash Growth	-95.62%	-83.41%	14.60%	90.50%	-62.29%	71.74%
Other Current Assets	11.85	11.48	13.74	19.69	11.09	1.03
Total Current Assets	12.66	14.22	30.29	34.13	18.67	21.13
Net Property, Plant & Equipment	2.87	2.94	2.46	0.05	0.06	0.08
Other Intangible Assets	0.63	0.65	3.54	-	-	-
Long-Term Investments	13.58	13.69	17.52	19.76	23.69	13.89
Other Long-Term Assets	0.13	0.13	0	0.05	0.19	0.09
Total Assets	29.88	31.63	53.81	53.98	42.61	35.2
Accounts Payable	0.32	0.43	1.07	0.49	0.4	0.19
Short-Term Debt	-	-	0.39	-	-	-
Current Portion of Long-Term Debt	10.59	10.83	9.8	-	2.05	-
Current Portion of Leases	0	0.01	0.03	0.02	0.02	0.01
Other Current Liabilities	0.01	0.44	0.19	0.01	0.13	-
Total Current Liabilities	10.91	11.71	11.48	0.53	2.6	0.2
Long-Term Debt	23.93	23.77	34.28	36.23	19.44	20.52
Long-Term Leases	-	-	0	0.03	0.05	0.07
Other Long-Term Liabilities	0.26	0.26	1.05	0.1	0.13	-
Total Long-Term Liabilities	24.19	24.03	35.33	36.36	19.62	20.59
Total Liabilities	35.11	35.74	46.81	36.89	22.22	20.79
Common Stock	30.46	30.46	30.42	30.36	30.28	23.16
Additional Paid-in Capital	3.11	2.96	3.45	2.56	2.24	1.73
Retained Earnings	-40.68	-39.28	-28.67	-17.59	-12.74	-10.49
Total Common Shareholders' Equity	-7.11	-5.86	5.2	15.33	19.78	14.41
Minority Interest	1.89	1.76	1.8	1.75	0.6	-
Shareholders' Equity	-5.23	-4.11	7	17.09	20.39	14.41
Total Liabilities & Equity	29.88	31.63	53.81	53.98	42.61	35.2
Total Debt	34.52	34.6	44.51	36.28	21.56	20.6
Net Cash (Debt)	-33.7	-31.86	-27.96	-21.84	-13.98	-0.5
Net Cash Per Share	-0.77	-0.73	-0.65	-0.51	-0.36	-0.01
Book Value	-7.11	-5.86	5.2	15.33	19.78	14.41
Book Value Per Share	-0.16	-0.14	0.12	0.35	0.51	0.43
Tangible Book Value	-7.75	-6.51	1.66	15.33	19.78	14.41
Tangible Book Value Per Share	-0.18	-0.15	0.04	0.35	0.51	0.43