Elemental Royalty Balance Sheet

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
Cash & Equivalents	53.14	4.45	11.29	17.48	6.11
Short-Term Investments	16.12	-	-	-	-
Cash & Short-Term Investments	69.26	4.45	11.29	17.48	6.11
Cash Growth	1454.96%	-60.54%	-35.42%	186.06%	-44.05%
Accounts Receivable	25.15	16.63	6.03	2.13	2.04
Other Receivables	-	-	1.06	0.41	-
Receivables	25.15	16.63	7.09	2.53	2.04
Prepaid Expenses	-	-	0.11	0.36	0.34
Other Current Assets	-	-	0.3	19.86	-
Total Current Assets	94.41	21.09	18.78	40.23	8.49
Property, Plant & Equipment	1.14	-	-	2.95	-
Long-Term Investments	809.72	179.05	156.61	142.75	68.01
Long-Term Accounts Receivable	2.04	4.03	13.53	-	-
Total Assets	907.32	204.17	188.92	185.93	76.5
Accounts Payable	2.21	0.74	0.08	1.17	0.38
Accrued Expenses	1.68	0.98	1.46	0.98	0.96
Current Portion of Leases	0.49	-	-	-	-
Current Income Taxes Payable	1.9	-	-	-	-
Other Current Liabilities	8.07	1.63	0.46	5.25	0.11
Total Current Liabilities	14.35	3.35	1.99	7.39	1.44
Long-Term Debt	-	2.69	30	30	24.43
Long-Term Leases	-	-	-	0.04	-
Long-Term Deferred Tax Liabilities	112.55	1.75	1.73	2.07	0.15
Total Liabilities	126.9	7.78	33.72	39.5	26.03
Common Stock	787.68	217.45	177.42	165.04	56.44
Additional Paid-In Capital	17.48	6.54	5.66	6.99	1.72
Retained Earnings	-26.25	-29.02	-29.17	-25.94	-7.73
Comprehensive Income & Other	1.5	1.42	1.28	0.34	0.04
Shareholders' Equity	780.42	196.38	155.2	146.43	50.47
Total Liabilities & Equity	907.32	204.17	188.92	185.93	76.5
Total Debt	0.49	2.69	30	30.04	24.43
Net Cash (Debt)	68.77	1.77	-18.71	-12.56	-18.32
Net Cash Growth	3791.85%	-	-	-	-
Net Cash Per Share	2.18	0.09	-1.00	-1.20	-2.76
Filing Date Shares Outstanding	64.23	24.58	19.6	18.25	6.9
Total Common Shares Outstanding	63.83	24.58	19.6	18.09	6.9
Working Capital	80.06	17.74	16.79	32.84	7.05
Book Value Per Share	12.23	7.99	7.92	8.09	7.32
Tangible Book Value	780.42	196.38	155.2	146.43	50.47
Tangible Book Value Per Share	12.23	7.99	7.92	8.09	7.32
Machinery	-	-	-	0.19	-

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