Versamet 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	19.65	12.02	3.14
Revenue Growth (YoY)	525.72%	282.99%	-
Cost of Revenue	13.02	9.99	1.4
Gross Profit	6.63	2.04	1.74
Selling, General & Admin	4.46	2.96	1.82
Other Operating Expenses	-7.19	-5.71	-2.79
Operating Expenses	1.67	0.66	1.96
Operating Income	4.95	1.38	-0.22
Interest Expense	-9.2	-3.58	-2.01
Interest & Investment Income	0.13	0.15	0.11
Currency Exchange Gain (Loss)	0.12	0.78	-0.39
EBT Excluding Unusual Items	-3.99	-1.27	-2.5
Other Unusual Items	3.48	0.4	-0
Pretax Income	-0.51	-0.87	-2.5
Income Tax Expense	1.48	1.57	0.62
Net Income	-1.99	-2.45	-3.12
Net Income to Common	-1.99	-2.45	-3.12
Shares Outstanding (Basic)	93	76	37
Shares Outstanding (Diluted)	93	76	37
Shares Change (YoY)	149.94%	105.49%	-
EPS (Basic)	-0.02	-0.03	-0.08
EPS (Diluted)	-0.02	-0.03	-0.08
Gross Margin	33.73%	16.93%	55.52%
Operating Margin	25.21%	11.46%	-6.90%
Profit Margin	-10.12%	-20.35%	-99.50%
EBITDA	7.65	2.22	0.68
EBITDA Margin	38.92%	18.46%	21.78%
D&A For EBITDA	2.69	0.84	0.9
EBIT	4.95	1.38	-0.22
EBIT Margin	25.21%	11.46%	-6.90%

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