Elemental Royalty Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Operating Revenue	43.64	16.32	11.34	8.96	6.61
Other Revenue	-	-	0.41	0.68	-
Revenue	43.64	16.32	11.74	9.64	6.61
Revenue Growth (YoY)	167.37%	38.99%	21.84%	45.80%	29.10%
Cost of Revenue	1.06	-	0.58	0.32	0.44
Gross Profit	42.59	16.32	11.17	9.32	6.18
Selling, General & Admin	16.47	7.4	7.22	3.22	2.97
Operating Expenses	35.24	16	14.36	12.7	6.49
Operating Income	7.35	0.32	-3.19	-3.38	-0.32
Interest Expense	-0.48	-2.03	-2.65	-4.48	-3.03
Interest & Investment Income	0.73	0.2	0.11	0.02	0.02
Earnings From Equity Investments	2.2	2.04	2.16	0.07	-
Currency Exchange Gain (Loss)	-0.02	-0.05	0	-0.28	-0.04
Other Non Operating Income (Expenses)	-	0.6	0.43	-0.01	-
EBT Excluding Unusual Items	9.78	1.08	-3.15	-8.04	-3.36
Merger & Restructuring Charges	-	-	-	-5.61	-
Gain (Loss) on Sale of Investments	0.77	-0.01	0.11	-0.19	-
Gain (Loss) on Sale of Assets	-2.25	0.37	1.58	-	-
Asset Writedown	-2.02	-0.44	-0.29	-4.48	-
Pretax Income	6.28	1.01	-1.75	-18.33	-3.36
Income Tax Expense	4.51	1.32	1.29	-0.12	1.36
Earnings From Continuing Operations	1.77	-0.31	-3.04	-18.21	-4.73
Earnings From Discontinued Operations	-	-0.05	-0.86	-	-
Net Income	1.77	-0.36	-3.9	-18.21	-4.73
Net Income to Common	1.77	-0.36	-3.9	-18.21	-4.73
Shares Outstanding (Basic)	30	20	19	10	7
Shares Outstanding (Diluted)	32	20	19	10	7
Shares Change (YoY)	54.66%	9.34%	78.05%	57.94%	110.59%
EPS (Basic)	0.06	-0.02	-0.21	-1.74	-0.71
EPS (Diluted)	0.06	-0.02	-0.21	-1.74	-0.71
Free Cash Flow	29.81	4.82	0.29	-13.39	1.12
Free Cash Flow Per Share	0.94	0.24	0.01	-1.28	0.17
Gross Margin	97.58%	100.00%	95.10%	96.72%	93.42%
Operating Margin	16.84%	1.97%	-27.16%	-35.01%	-4.79%
Profit Margin	4.06%	-2.23%	-33.22%	-188.93%	-71.49%
Free Cash Flow Margin	68.30%	29.50%	2.43%	-138.92%	16.93%
EBITDA	23.71	7.54	3.71	2.07	2.57
EBITDA Margin	54.32%	46.19%	31.60%	21.48%	38.83%
D&A For EBITDA	16.36	7.22	6.9	5.45	2.88
EBIT	7.35	0.32	-3.19	-3.38	-0.32
EBIT Margin	16.84%	1.97%	-27.16%	-35.01%	-4.79%
Effective Tax Rate	71.78%	130.92%	-	-	-
Revenue as Reported	-	-	11.74	9.64	6.61

Source: S&P Global Market Intelligence. Standard template. Financial Sources.