Source Rock Royalties Ltd. (TSXV:SRR)

Source Rock Royalties Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	7.06	7.69	6.65	6.49	4.26	1.38
Revenue Growth (YoY)	-6.71%	15.70%	2.40%	52.29%	209.79%	-48.94%
Gross Profit	7.06	7.69	6.65	6.49	4.26	1.38
Selling, General & Admin	0.92	0.87	0.85	0.75	0.48	0.35
Operating Expenses	5.26	5.65	4.81	3.33	4.4	6.61
Operating Income	1.8	2.04	1.84	3.16	-0.13	-5.23
Interest & Investment Income	0.15	0.14	0.43	0.29	0	0
Pretax Income	1.95	2.17	2.27	3.44	-0.13	-5.23
Income Tax Expense	0.65	0.68	0.7	0.88	-0.31	-2.37
Net Income	1.31	1.5	1.57	2.56	0.18	-2.86
Net Income to Common	1.31	1.5	1.57	2.56	0.18	-2.86
Net Income Growth	-21.16%	-4.53%	-38.77%	1348.99%	-	-
Shares Outstanding (Basic)	46	45	45	42	29	29
Shares Outstanding (Diluted)	48	48	47	43	31	29
Shares Change (YoY)	2.36%	2.56%	7.78%	38.47%	7.62%	5.07%
EPS (Basic)	0.03	0.03	0.03	0.06	0.01	-0.10
EPS (Diluted)	0.03	0.03	0.03	0.06	0.01	-0.10
EPS Growth	-24.87%	-8.82%	-42.38%	883.33%	-	-
Free Cash Flow	5.48	6.62	-8.36	1.7	2.21	0.71
Free Cash Flow Per Share	0.11	0.14	-0.18	0.04	0.07	0.03
Dividend Per Share	0.076	0.076	0.066	0.060	0.015	0.005
Dividend Growth	121.74%	15.91%	10.00%	300.00%	200.00%	-91.67%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	25.46%	26.47%	27.61%	48.63%	-3.16%	-380.18%
Profit Margin	18.51%	19.45%	23.57%	39.41%	4.14%	-207.62%
Free Cash Flow Margin	77.56%	86.11%	-125.85%	26.18%	51.90%	51.66%
EBITDA	5.24	5.98	5.02	5.34	3.48	0.71
EBITDA Margin	74.17%	77.71%	75.50%	82.23%	81.71%	51.76%
D&A For EBITDA	3.44	3.94	3.18	2.18	3.62	5.94
EBIT	1.8	2.04	1.84	3.16	-0.13	-5.23
EBIT Margin	25.46%	26.47%	27.61%	48.63%	-3.16%	-
Effective Tax Rate	33.08%	31.16%	30.90%	25.70%	-	-

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