Source Rock Royalties Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	7.57	6.65	6.49	4.26	1.38	2.69
Revenue Growth (YoY)	26.87%	2.40%	52.29%	209.79%	-48.94%	-
Gross Profit	7.57	6.65	6.49	4.26	1.38	2.69
Selling, General & Admin	0.86	0.85	0.75	0.48	0.35	0.34
Operating Expenses	5.42	4.81	3.33	4.4	6.61	2.19
Operating Income	2.15	1.84	3.16	-0.13	-5.23	0.51
Interest & Investment Income	0.24	0.43	0.29	0	0	0.01
Pretax Income	2.39	2.27	3.44	-0.13	-5.23	0.52
Income Tax Expense	0.73	0.7	0.88	-0.31	-2.37	0.12
Net Income	1.66	1.57	2.56	0.18	-2.86	0.4
Net Income to Common	1.66	1.57	2.56	0.18	-2.86	0.4
Net Income Growth	-0.17%	-38.77%	1348.99%	-	-	-
Shares Outstanding (Basic)	45	45	42	29	29	28
Shares Outstanding (Diluted)	47	47	43	31	29	28
Shares Change (YoY)	1.99%	7.78%	38.47%	7.62%	5.07%	-
EPS (Basic)	0.04	0.03	0.06	0.01	-0.10	0.01
EPS (Diluted)	0.04	0.03	0.06	0.01	-0.10	0.01
EPS Growth	2.06%	-42.37%	883.33%	-	-	-
Free Cash Flow	-1.32	-8.36	1.7	2.21	0.71	0.39
Free Cash Flow Per Share	-0.03	-0.18	0.04	0.07	0.02	0.01
Dividend Per Share	0.072	0.066	0.060	0.015	0.005	0.060
Dividend Growth	17.07%	10.00%	300.00%	200.00%	-91.67%	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	28.41%	27.61%	48.63%	-3.16%	-380.18%	18.81%
Profit Margin	21.90%	23.57%	39.41%	4.14%	-207.62%	14.79%
Free Cash Flow Margin	-17.50%	-125.85%	26.18%	51.90%	51.66%	14.55%
EBITDA	5.92	5.02	5.34	3.48	0.71	1.91
EBITDA Margin	78.16%	75.50%	82.23%	81.71%	51.76%	70.72%
D&A For EBITDA	3.77	3.18	2.18	3.62	5.94	1.4
EBIT	2.15	1.84	3.16	-0.13	-5.23	0.51
EBIT Margin	28.41%	27.61%	48.63%	-3.16%	-	18.81%
Effective Tax Rate	30.50%	30.90%	25.70%	-	-	23.47%

Source: S&P Capital IQ. Standard template. Financial Sources.