Versamet Royalties Cash Flow 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
Net Income	32.31	20.33	-2.45	-3.12
Depreciation & Amortization	9.94	6.18	0.84	0.9
Stock-Based Compensation	2.79	1.67	2.57	1.62
Other Adjustments	9.23	-2.94	6.09	1.63
Change in Receivables	-11.38	-9.32	0.08	-0.1
Changes in Accounts Payable	-2.08	-	-	0.12
Changes in Income Taxes Payable	-0.65	-0.56	-0.51	-0.43
Changes in Other Operating Activities	-11.09	-7.74	0.86	-
Operating Cash Flow	31.68	16.95	7.4	0.62
Operating Cash Flow Growth	388.72%	129.08%	1090.62%	-
Purchases of Investments	-	-	-	-52.5
Proceeds from Sale of Investments	-	-	1.03	-
Cash Acquisitions	-	-159.46	-0.08	-10.03
Other Investing Activities	-	-	-	2.22
Investing Cash Flow	-159.46	-159.46	0.96	-60.31
Long-Term Debt Issued	181	181	-	41.08
Long-Term Debt Repaid	-152.39	-27.39	-19	-6.33
Net Long-Term Debt Issued (Repaid)	28.61	153.61	-19	34.75
Issuance of Common Stock	115.25	-	7.5	27.46
Net Common Stock Issued (Repurchased)	115.25	-	7.5	27.46
Other Financing Activities	-10.72	-8.77	-1.99	-0.02
Financing Cash Flow	133.14	144.84	-13.49	62.19
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.1	-0.05	-0.15	0.13
Net Cash Flow	5.26	2.28	-5.29	2.64
Free Cash Flow	31.68	16.95	7.4	0.62
Free Cash Flow Growth	388.72%	129.08%	1090.62%	-
FCF Margin	57.32%	48.75%	61.51%	19.79%
Free Cash Flow Per Share	0.32	0.18	0.10	0.02
Levered Free Cash Flow	57.04	171.82	-20.26	32.2
Unlevered Free Cash Flow	40.82	24.5	5.05	0.37