Versamet Royalties Corporation (VMET)

Versamet Royalties Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	34.76	12.03	3.14
Revenue Growth (YoY)	189.07%	283.00%	-
Cost of Revenue	15.11	9.99	1.4
Gross Profit	19.66	2.04	1.74
Selling, General & Admin	7.64	5.53	1.82
Other Operating Expenses	-32.92	-5.71	-2.79
Operating Expenses	-19.11	0.66	1.96
Operating Income	38.76	1.38	-0.22
Interest Expense	-12.16	-3.58	-2.01
Interest & Investment Income	0.27	0.15	0.11
Currency Exchange Gain (Loss)	-0.55	0.78	-0.39
EBT Excluding Unusual Items	26.32	-1.27	-2.5
Other Unusual Items	3.29	0.4	-0
Pretax Income	29.6	-0.87	-2.5
Income Tax Expense	9.27	1.57	0.62
Net Income	20.33	-2.45	-3.12
Net Income to Common	20.33	-2.45	-3.12
Shares Outstanding (Basic)	93	76	37
Shares Outstanding (Diluted)	96	76	37
Shares Change (YoY)	25.33%	105.49%	-
EPS (Basic)	0.22	-0.03	-0.08
EPS (Diluted)	0.21	-0.03	-0.08
Gross Margin	56.54%	16.93%	55.52%
Operating Margin	111.50%	11.45%	-6.90%
Profit Margin	58.49%	-20.36%	-99.50%
EBITDA	44.94	2.22	0.68
EBITDA Margin	129.27%	18.46%	21.78%
D&A For EBITDA	6.18	0.84	0.9
EBIT	38.76	1.38	-0.22
EBIT Margin	111.50%	11.45%	-6.90%
Effective Tax Rate	31.31%	-	-
Revenue as Reported	34.76	12.03	-

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