Versamet Royalties Balance Sheet

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
Cash & Equivalents	6.13	3.71	1.43	6.72
Cash & Short-Term Investments	6.13	3.71	1.43	6.72
Cash Growth	605.15%	158.98%	-78.71%	-
Accounts Receivable	10.93	9.63	0.37	0.42
Other Receivables	12.34	10.78	7.63	5.63
Receivables	23.27	20.41	8	6.05
Prepaid Expenses	0.82	0.1	0.03	0.05
Total Current Assets	30.21	24.22	9.46	12.83
Long-Term Investments	1.05	1.01	0.73	1.66
Long-Term Accounts Receivable	314.68	318.69	165.41	92.66
Long-Term Deferred Charges	1.4	1.25	-	-
Other Long-Term Assets	78.46	72.84	54.66	50.59
Total Assets	425.81	418.01	230.25	157.74
Accounts Payable	0.9	2.88	1.23	0.23
Current Portion of Long-Term Debt	-	30	15.62	16.25
Total Current Liabilities	0.9	32.88	16.85	16.48
Long-Term Debt	45	141	0.61	27.09
Long-Term Deferred Tax Liabilities	14.19	10.17	1.46	0.4
Total Liabilities	60.09	184.05	18.92	43.97
Common Stock	334.7	217.43	215.76	118.29
Retained Earnings	26.12	12.37	-7.97	-5.52
Comprehensive Income & Other	4.9	4.17	3.54	1
Shareholders' Equity	365.72	233.96	211.33	113.77
Total Liabilities & Equity	425.81	418.01	230.25	157.74
Total Debt	45	171	16.23	43.34
Net Cash (Debt)	-38.87	-167.29	-14.8	-36.62
Net Cash Per Share	-0.40	-1.75	-0.19	-0.99
Filing Date Shares Outstanding	99.87	105.65	92.84	37.08
Total Common Shares Outstanding	99.87	93.41	92.76	37.08
Working Capital	29.32	-8.66	-7.4	-3.65
Book Value Per Share	3.66	2.50	2.28	3.07
Tangible Book Value	365.72	233.96	211.33	113.77
Tangible Book Value Per Share	3.66	2.50	2.28	3.07