Versamet Royalties Balance Sheet

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

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