Star Royalties Income Statement

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

Millions USD. 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
Revenue	0.44	0.81	0.94	1.42	0.99	0.01
Revenue Growth (YoY)	-49.66%	-13.74%	-33.56%	43.27%	9980.91%	-
Gross Profit	0.44	0.81	0.94	1.42	0.99	0.01
Selling, General & Admin	1.1	1.97	2.01	2.04	1.96	0.53
Operating Expenses	4.04	5.24	3.06	3.52	3.52	0.54
Operating Income	-3.6	-4.43	-2.12	-2.11	-2.53	-0.53
Interest & Investment Income	0.03	0.07	0.08	0.03	0.05	0
Earnings From Equity Investments	-21.37	-19.75	8	1.08	-	-
Currency Exchange Gain (Loss)	0.06	0.14	-0.06	0.17	0.11	-0.27
EBT Excluding Unusual Items	-24.89	-23.97	5.91	-0.82	-2.37	-0.8
Gain (Loss) on Sale of Investments	1.33	0.11	-0.61	-	-	-
Gain (Loss) on Sale of Assets	-	-	0.58	18.54	-	-
Pretax Income	-23.55	-23.86	5.87	17.72	-2.37	-0.8
Income Tax Expense	0.13	0.24	0.24	0.39	0.3	-
Net Income	-23.68	-24.09	5.64	17.33	-2.67	-0.8
Net Income to Common	-23.68	-24.09	5.64	17.33	-2.67	-0.8
Net Income Growth	-	-	-67.47%	-	-	-
Shares Outstanding (Basic)	78	77	75	73	66	15
Shares Outstanding (Diluted)	78	77	75	74	66	15
Shares Change (YoY)	1.42%	2.27%	2.27%	11.46%	352.86%	384.57%
EPS (Basic)	-0.30	-0.31	0.08	0.24	-0.04	-0.05
EPS (Diluted)	-0.30	-0.31	0.07	0.24	-0.04	-0.05
EPS Growth	-	-	-70.47%	-	-	-
Free Cash Flow	-1.21	-1.47	-0.73	-0.77	-17.43	-10.4
Free Cash Flow Per Share	-0.01	-0.02	-0.01	-0.01	-0.26	-0.71
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	-816.55%	-545.57%	-225.16%	-148.72%	-256.26%	-5396.44%
Profit Margin	-5365.43%	-2969.98%	599.43%	1224.44%	-270.16%	-8161.34%
Free Cash Flow Margin	-273.86%	-181.75%	-77.15%	-54.23%	-1763.77%	-106076.80%
EBITDA	-1.09	-2.03	-1.68	-1.4	-1.91	-0.52
EBITDA Margin	-246.91%	-249.93%	-178.47%	-99.14%	-192.98%	-
D&A For EBITDA	2.51	2.4	0.44	0.7	0.63	0.01
EBIT	-3.6	-4.43	-2.12	-2.11	-2.53	-0.53
EBIT Margin	-	-	-225.16%	-148.72%	-256.26%	-
Effective Tax Rate	-	-	4.01%	2.22%	-	-

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