Versamet Royalties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	55.28	34.76	12.03	3.14
Revenue Growth (YoY)	332.46%	189.07%	283.00%	-
Cost of Revenue	27.99	21.28	10.83	2.3
Gross Profit	27.29	13.48	1.19	0.84
Selling, General & Admin	2.84	7.64	5.53	3.45
Other Operating Expenses	-39.98	-32.92	-5.71	-2.39
Total Operating Expenses	-37.14	-25.28	-0.18	1.06
Operating Income	64.43	38.76	1.38	-0.22
Interest Income	0.28	0.27	0.15	0.11
Interest Expense	-13.66	-12.16	-3.58	-2.01
Other Non-Operating Income (Expense)	2.55	2.74	1.18	-0.39
Total Non-Operating Income (Expense)	-10.82	-9.16	-2.25	-2.29
Pretax Income	46.57	29.6	-0.87	-2.5
Provision for Income Taxes	14.26	9.27	1.57	-
Net Income	32.31	20.33	-2.45	-2.5
Net Income to Common	32.31	20.33	-2.45	-3.12
Shares Outstanding (Basic)	95	93	76	37
Shares Outstanding (Diluted)	98	96	76	37
Shares Change (YoY)	13.51%	25.33%	105.49%	-
EPS (Basic)	0.34	0.22	-0.03	-0.10
EPS (Diluted)	0.31	0.21	-0.03	-0.10
Free Cash Flow	31.68	16.95	7.4	0.62
Free Cash Flow Growth	86.97%	129.08%	1090.62%	-
Free Cash Flow Per Share	0.32	0.18	0.10	0.02
Gross Margin	49.37%	38.77%	9.92%	26.83%
Operating Margin	116.57%	111.50%	11.45%	-6.90%
Profit Margin	58.44%	58.49%	-20.36%	-79.78%
FCF Margin	57.32%	48.75%	61.51%	19.79%
EBITDA	74.38	44.94	2.22	0.68
EBITDA Margin	134.56%	129.27%	18.46%	21.78%
EBIT	64.43	38.76	1.38	-0.22
EBIT Margin	116.57%	111.50%	11.45%	-6.90%
Effective Tax Rate	30.63%	31.32%	-180.09%	0.00%