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	Sep '24 Sep 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	7.54	6.65	6.49	4.26	1.38	2.69
Revenue Growth (YoY)	17.23%	2.40%	52.29%	209.79%	-48.94%	-
Gross Profit	7.54	6.65	6.49	4.26	1.38	2.69
Selling, General & Admin	0.91	0.85	0.75	0.48	0.35	0.34
Operating Expenses	5.69	4.81	3.33	4.4	6.61	2.19
Operating Income	1.85	1.84	3.16	-0.13	-5.23	0.51
Interest & Investment Income	0.18	0.43	0.29	0	0	0.01
Pretax Income	2.02	2.27	3.44	-0.13	-5.23	0.52
Income Tax Expense	0.65	0.7	0.88	-0.31	-2.37	0.12
Net Income	1.38	1.57	2.56	0.18	-2.86	0.4
Net Income to Common	1.38	1.57	2.56	0.18	-2.86	0.4
Net Income Growth	-21.09%	-38.77%	1348.99%	-	-	-
Shares Outstanding (Basic)	45	45	42	29	29	28
Shares Outstanding (Diluted)	48	47	43	31	29	28
Shares Change (YoY)	2.44%	7.78%	38.47%	7.62%	5.07%	-
EPS (Basic)	0.03	0.03	0.06	0.01	-0.10	0.01
EPS (Diluted)	0.03	0.03	0.06	0.01	-0.10	0.01
EPS Growth	-24.15%	-42.37%	883.33%	-	-	-
Free Cash Flow	-1.3	-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	0.075	0.066	0.060	0.015	0.005	0.060
Dividend Growth	19.05%	10.00%	300.00%	200.00%	-91.67%	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	24.49%	27.61%	48.63%	-3.16%	-380.18%	18.81%
Profit Margin	18.25%	23.57%	39.41%	4.14%	-207.62%	14.79%
Free Cash Flow Margin	-17.26%	-125.85%	26.18%	51.90%	51.66%	14.55%
EBITDA	5.8	5.02	5.34	3.48	0.71	1.91
EBITDA Margin	76.87%	75.50%	82.23%	81.71%	51.76%	70.72%
D&A For EBITDA	3.95	3.18	2.18	3.62	5.94	1.4
EBIT	1.85	1.84	3.16	-0.13	-5.23	0.51
EBIT Margin	24.49%	27.61%	48.63%	-3.16%	-	18.81%
Effective Tax Rate	32.04%	30.90%	25.70%	-	-	23.47%

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