Versamet Royalties Balance Sheet

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
Cash & Equivalents	2.46	1.43	6.72
Cash & Short-Term Investments	2.46	1.43	6.72
Cash Growth	-63.44%	-78.71%	-
Accounts Receivable	4.5	0.37	0.42
Other Receivables	8.62	7.63	5.63
Receivables	13.12	8	6.05
Prepaid Expenses	0.14	0.03	0.05
Total Current Assets	15.71	9.45	12.83
Long-Term Investments	1.02	0.73	1.66
Long-Term Accounts Receivable	322.27	165.41	92.66
Other Long-Term Assets	60.06	54.66	50.59
Total Assets	400.45	230.25	157.74
Accounts Payable	1.04	1.23	0.23
Current Portion of Long-Term Debt	22.5	15.62	16.25
Total Current Liabilities	23.54	16.85	16.48
Long-Term Debt	154.5	0.61	27.09
Long-Term Deferred Tax Liabilities	3.99	1.46	0.4
Total Liabilities	182.03	18.92	43.97
Common Stock	217.34	215.76	118.29
Retained Earnings	-2.69	-7.97	-5.52
Comprehensive Income & Other	3.78	3.54	1
Shareholders' Equity	218.42	211.33	113.77
Total Liabilities & Equity	400.45	230.25	157.74
Total Debt	177	16.23	43.34
Net Cash (Debt)	-174.54	-14.8	-36.62
Net Cash Per Share	-1.88	-0.19	-0.99
Filing Date Shares Outstanding	93.37	92.84	37.08
Total Common Shares Outstanding	93.37	92.76	37.08
Working Capital	-7.83	-7.4	-3.65
Book Value Per Share	2.34	2.28	3.07
Tangible Book Value	218.42	211.33	113.77
Tangible Book Value Per Share	2.34	2.28	3.07

Source: S&P Capital IQ. Standard template. Financial Sources.