Elemental Royalty Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 6.9M | 9.1M | 11.6M | 5.5M | 3.7M |
| Operating Revenue | 6.9M | 9.1M | 11.6M | 5.5M | 3.7M |
| Cost Of Revenue | 2.4M | 3.6M | 5.4M | 2.4M | 1.6M |
| Gross Profit | 4.4M | 5.5M | 6.3M | 3.1M | 2.2M |
| Selling General And Administration | 2.8M | 2.4M | 2.3M | 2.4M | 1.7M |
| General And Administrative Expense | 2.8M | 2.3M | 2.3M | 2.4M | 1.7M |
| Other Operating Expenses | -211,000 | 420,000 | 16,000 | 91,000 | 51,000 |
| Operating Expense | 2.6M | 2.8M | 2.4M | 2.5M | 1.7M |
| Operating Income | 1.8M | 2.7M | 3.9M | 610,000 | 461,000 |
| EBIT | 1.8M | 1.4M | 4.7M | 823,000 | 1.3M |
| Interest Expense | 103,000 | 104,000 | 131,000 | 387,000 | 406,000 |
| Interest Expense Non Operating | 103,000 | 104,000 | 131,000 | 387,000 | 406,000 |
| Interest Income | 239,000 | 76,000 | 29,000 | 65,000 | 41,000 |
| Interest Income Non Operating | 239,000 | 76,000 | 29,000 | 65,000 | 41,000 |
| Net Interest Income | 136,000 | -28,000 | -102,000 | -322,000 | -365,000 |
| Other Income Expense | -245,000 | -1.3M | 807,000 | 148,000 | 797,000 |
| Other Non Operating Income Expenses | 172,000 | 27,000 | 129,000 | 164,000 | 152,000 |
| Special Income Charges | -920,000 | -1.8M | 26,000 | -436,000 | 126,000 |
| Restructuring And Mergern Acquisition | 843,000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Write Off | -- | -- | -- | 436,000 | 0.00 |
| Gain On Sale Of Security | -39,000 | -93,000 | 207,000 | -35,000 | 93,000 |
| Earnings From Equity Interest | 542,000 | 607,000 | 445,000 | 455,000 | 426,000 |
| Pretax Income | 1.7M | 1.3M | 4.6M | 436,000 | 893,000 |
| Tax Provision | 315,000 | 1.2M | 1.2M | 304,000 | 309,000 |
| Tax Effect Of Unusual Items | -178,960 | -288,900 | 58,843 | -70,650 | 75,779 |
| Net Income From Continuing And Discontinued Operation | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| Net Income From Continuing Operation Net Minority Interest | 1.4M | 160,000 | 3.4M | 132,000 | 584,000 |
| Net Income Including Noncontrolling Interests | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| Net Income Common Stockholders | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| Net Income | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| EBITDA | 4.2M | 5.1M | 10.1M | 3.2M | 2.9M |
| Normalized EBITDA | 5.2M | 7.0M | 9.9M | 3.7M | 2.6M |
| Reconciled Depreciation | 2.4M | 3.6M | 5.4M | 2.4M | 1.6M |
| Basic EPS | 0.06 | 0.00 | 0.20 | -- | 0.00 |
| Diluted EPS | 0.06 | 0.00 | 0.20 | -- | 0.00 |
| Basic Average Shares | 24.6M | 24.6M | 24.6M | -- | 19.5M |
| Diluted Average Shares | 24.6M | 24.6M | 24.6M | -- | 19.5M |
| Total Unusual Items | -959,000 | -1.9M | 233,000 | -471,000 | 219,000 |
| Total Unusual Items Excluding Goodwill | -959,000 | -1.9M | 233,000 | -471,000 | 219,000 |
| Tax Rate For Calcs | 0.19 | 0.15 | 0.25 | 0.15 | 0.35 |
| Normalized Income | 2.2M | 1.8M | 3.3M | 532,350 | 440,779 |
| Diluted NI Availto Com Stockholders | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| Gain On Sale Of Business | -77,000 | -1.8M | 26,000 | 0.00 | 126,000 |
| Net Income Continuous Operations | 1.4M | 160,000 | 3.4M | 132,000 | 584,000 |
| Net Income Discontinuous Operations | 0.00 | 0.00 | 0.00 | 2,000 | 46,000 |
| Net Non Operating Interest Income Expense | 136,000 | -28,000 | -102,000 | -322,000 | -365,000 |
| Other Gand A | 2.1M | 722,000 | 1.6M | 2.1M | 1.3M |
| Reconciled Cost Of Revenue | 2.4M | 3.6M | 5.4M | 2.4M | 1.6M |
| Salaries And Wages | 678,000 | 1.6M | 757,000 | 368,000 | 321,000 |
| Selling And Marketing Expense | -- | 94,000 | -- | -- | -- |
| Total Expenses | 5.1M | 6.4M | 7.7M | 4.9M | 3.3M |
| Total Operating Income As Reported | 1.4M | 1.4M | 4.4M | 629,000 | 1.0M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 14.5M | 24.4M | 4.8M | 4.5M | 6.0M |
| Cash Cash Equivalents And Short Term Investments | 14.5M | 24.4M | 4.8M | 4.5M | 6.0M |
| Cash Financial | -- | -- | -- | 4.5M | -- |
| Accounts Receivable | 1.1M | 1.1M | 11.3M | 11.2M | 11.1M |
| Receivables | 9.0M | 10.2M | 22.5M | 16.4M | 15.1M |
| Prepaid Assets | 129,000 | 181,000 | 215,000 | 248,000 | 82,000 |
| Current Assets | 23.7M | 34.8M | 27.5M | 21.1M | 21.1M |
| Gross PPE | 174.1M | 156.9M | 156.9M | 156.9M | 132.3M |
| Accumulated Depreciation | -32.6M | -30.2M | -26.5M | -21.2M | -22.0M |
| Net PPE | 141.5M | 126.7M | 130.3M | 135.7M | 110.3M |
| Investments And Advances | 40.2M | 40.6M | 43.0M | 43.3M | 43.6M |
| Long Term Equity Investment | 36.8M | 37.3M | 40.6M | 41.1M | 41.4M |
| Total Non Current Assets | 185.9M | 171.6M | 177.6M | 183.1M | 158.0M |
| Total Assets | 209.6M | 206.5M | 205.1M | 204.2M | 179.2M |
| Accounts Payable | 360,000 | 227,000 | 108,000 | 737,000 | 141,000 |
| Payables | 909,000 | 2.5M | 2.1M | 2.4M | 1.7M |
| Payables And Accrued Expenses | 2.3M | 3.5M | 2.8M | 3.3M | 2.4M |
| Current Accrued Expenses | 1.4M | 960,000 | 673,000 | 993,000 | 619,000 |
| Other Current Liabilities | -- | -- | -- | -- | -- |
| Current Liabilities | 2.3M | 3.5M | 2.8M | 3.3M | 2.4M |
| Long Term Debt | -- | -- | -- | 2.7M | 19.8M |
| Long Term Debt And Capital Lease Obligation | -- | -- | -- | 2.7M | 19.8M |
| Total Non Current Liabilities Net Minority Interest | 1.7M | 1.7M | 1.7M | 4.4M | 21.6M |
| Total Liabilities Net Minority Interest | 4.0M | 5.2M | 4.5M | 7.8M | 23.9M |
| Common Stock | 220.5M | 217.4M | 217.4M | 217.4M | 176.8M |
| Capital Stock | 220.5M | 217.4M | 217.4M | 217.4M | 176.8M |
| Additional Paid In Capital | 6.8M | 7.6M | 7.3M | 6.5M | 6.3M |
| Retained Earnings | -23.1M | -25.2M | -25.6M | -29.0M | -29.3M |
| Gains Losses Not Affecting Retained Earnings | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Other Equity Adjustments | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M |
| Common Stock Equity | 205.5M | 201.3M | 200.6M | 196.4M | 155.2M |
| Stockholders Equity | 205.5M | 201.3M | 200.6M | 196.4M | 155.2M |
| Total Equity Gross Minority Interest | 205.5M | 201.3M | 200.6M | 196.4M | 155.2M |
| Total Capitalization | 205.5M | 201.3M | 200.6M | 199.1M | 175.0M |
| Net Tangible Assets | 205.5M | 201.3M | 200.6M | 196.4M | 155.2M |
| Tangible Book Value | 205.5M | 201.3M | 200.6M | 196.4M | 155.2M |
| Working Capital | 21.4M | 31.4M | 24.7M | 17.7M | 18.8M |
| Invested Capital | 205.5M | 201.3M | 200.6M | 199.1M | 175.0M |
| Total Debt | -- | -- | -- | 2.7M | 19.8M |
| Net Debt | -- | -- | -- | -- | 13.8M |
| Share Issued | 24.8M | 24.6M | 24.6M | 24.6M | 19.5M |
| Ordinary Shares Number | 24.8M | 24.6M | 24.6M | 24.6M | 19.5M |
| Assets Held For Sale Current | -- | -- | -- | 0.00 | 0.00 |
| Duefrom Related Parties Current | -- | -- | -- | 0.00 | 77,000 |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 3.3M | 3.3M | 2.4M | 2.2M | 2.3M |
| Interest Payable | 0.00 | 0.00 | 0.00 | 12,000 | 47,000 |
| Investmentin Financial Assets | 3.3M | 3.3M | 2.4M | 2.2M | 2.3M |
| Investmentsin Associatesat Cost | 36.8M | 37.3M | 40.6M | 41.1M | 41.4M |
| Non Current Accounts Receivable | 4.3M | 4.3M | 4.3M | 4.0M | 4.0M |
| Non Current Deferred Liabilities | 1.7M | 1.7M | 1.7M | 1.7M | 1.8M |
| Non Current Deferred Taxes Liabilities | 1.7M | 1.7M | 1.7M | 1.7M | 1.8M |
| Other Payable | 549,000 | 2.3M | 2.0M | 1.6M | 1.6M |
| Other Receivables | 7.8M | 9.1M | 11.1M | 5.1M | 3.9M |
| Taxes Receivable | 102,000 | 67,000 | 36,000 | 86,000 | 59,000 |
| Total Tax Payable | -- | -- | -- | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | 4.0M | 13.2M | 2.4M | 2.6M | 1.7M |
| Cash Flow From Continuing Operating Activities | 4.0M | 13.2M | 2.4M | 2.6M | 1.7M |
| Depreciation And Amortization | -- | -- | -- | -- | 0.00 |
| Depreciation Amortization Depletion | 2.4M | 3.6M | 5.4M | 2.4M | 1.6M |
| Stock Based Compensation | 678,000 | 556,000 | 757,000 | 368,000 | 321,000 |
| Deferred Tax | 315,000 | 1.2M | 1.2M | 304,000 | 309,000 |
| Deferred Income Tax | 315,000 | 1.2M | 1.2M | 304,000 | 309,000 |
| Change In Working Capital | 276,000 | 7.6M | -7.5M | -442,000 | -664,000 |
| Changes In Account Receivables | -- | 6.9M | -- | -- | -- |
| Change In Receivables | 1.3M | 6.9M | -5.9M | -1.4M | 366,000 |
| Change In Payables And Accrued Expense | -982,000 | 666,000 | -1.6M | 972,000 | -1.0M |
| Other Non Cash Items | -164,000 | -14,000 | -40,000 | 250,000 | 213,000 |
| Capital Expenditure | -19.2M | -- | -- | -204,000 | -3.0M |
| Purchase Of PPE | -19.2M | -- | -- | -204,000 | -3.0M |
| Net PPE Purchase And Sale | -19.2M | -- | -- | -204,000 | -3.0M |
| Purchase Of Business | -- | -- | -- | 0.00 | 0.00 |
| Sale Of Business | 0.00 | -- | -- | 0.00 | 50,000 |
| Sale Of Investment | 5,000 | 5.1M | 95,000 | 0.00 | 0.00 |
| Net Investment Purchase And Sale | 5,000 | 5.1M | 95,000 | 0.00 | 0.00 |
| Investing Cash Flow | -16.3M | 6.3M | 1.0M | 556,000 | -1.9M |
| Cash Flow From Continuing Investing Activities | -16.3M | 6.3M | 1.0M | 556,000 | -1.9M |
| Repayment Of Debt | 0.00 | 0.00 | -3.0M | -17.0M | 0.00 |
| Net Issuance Payments Of Debt | 0.00 | 0.00 | -3.0M | -17.0M | 0.00 |
| Financing Cash Flow | 2.4M | 4,000 | -3.1M | -4.6M | -348,000 |
| Cash Flow From Continuing Financing Activities | 2.4M | 4,000 | -3.1M | -4.6M | -348,000 |
| Effect Of Exchange Rate Changes | -45,000 | 112,000 | 28,000 | -21,000 | 59,000 |
| Changes In Cash | -9.9M | 19.5M | 319,000 | -1.5M | -517,000 |
| Beginning Cash Position | 24.4M | 4.8M | 4.5M | 6.0M | 6.4M |
| End Cash Position | 14.5M | 24.4M | 4.8M | 4.5M | 6.0M |
| Free Cash Flow | -15.2M | 13.2M | 2.4M | 2.4M | -1.3M |
| Asset Impairment Charge | -- | -- | -- | 436,000 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depletion | 2.4M | 3.6M | 5.4M | 2.4M | 1.6M |
| Depreciation | -- | -- | -- | -- | 0.00 |
| Dividends Received Cfi | 1.0M | 1.2M | 922,000 | 760,000 | 1.1M |
| Earnings Losses From Equity Investments | -542,000 | -607,000 | -445,000 | -455,000 | -426,000 |
| Gain Loss On Sale Of Business | -- | -- | -- | -- | -- |
| Interest Paid Cff | -70,000 | -72,000 | -99,000 | -361,000 | -389,000 |
| Long Term Debt Payments | 0.00 | 0.00 | -3.0M | -17.0M | 0.00 |
| Net Business Purchase And Sale | 0.00 | -- | -- | 0.00 | 50,000 |
| Net Foreign Currency Exchange Gain Loss | 50,000 | -121,000 | -56,000 | -1,000 | 115,000 |
| Net Income From Continuing Operations | 1.4M | 160,000 | 3.4M | 134,000 | 630,000 |
| Net Long Term Debt Issuance | 0.00 | 0.00 | -3.0M | -17.0M | 0.00 |
| Net Other Financing Charges | 239,000 | 76,000 | 29,000 | -26,000 | 41,000 |
| Net Other Investing Changes | 1.9M | -- | -- | 0.00 | -- |
| Operating Gains Losses | -415,000 | 1.1M | -527,000 | -456,000 | -437,000 |
| Proceeds From Stock Option Exercised | 2.2M | -- | -- | -- | 0.00 |
| Taxes Refund Paid | -492,000 | -1.2M | -176,000 | -445,000 | -191,000 |
| Unrealized Gain Loss On Investment Securities | -6,000 | 205,000 | -179,000 | 14,000 | -34,000 |