Versamet Royalties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 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 Capital IQ. Standard template. Financial Sources.