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OR Royalties Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 277.4M 191.2M 183.2M 160.5M 176.4M
Operating Revenue 277.4M 191.2M 183.2M 160.5M 176.4M
Cost Of Revenue 44.9M 39.3M 12.3M 49.7M 67.5M
Gross Profit 232.5M 151.8M 170.9M 110.8M 108.9M
Selling General And Administration 20.9M 18.3M 24.3M 14.9M 15.4M
General And Administrative Expense 20.9M 18.3M 24.3M 14.9M 15.4M
Research And Development -- 5.6M 4.6M 4.0M 4.2M
Other Operating Expenses 9.3M 5.6M -- 4.0M 3.3M
Operating Expense 30.2M 22.5M 98.5M 18.9M 18.6M
Operating Income 202.3M 129.3M 72.3M 91.9M 90.3M
EBIT 245.9M 38.1M -13.6M 99.8M 99.1M
Interest Expense 4.5M 8.0M 14.0M 16.5M 18.7M
Interest Expense Non Operating 4.5M 8.0M 14.0M 16.5M 18.7M
Interest Income 4.0M 4.2M 5.1M 7.2M 3.4M
Interest Income Non Operating 4.0M 4.2M 5.1M 7.2M 3.4M
Net Interest Income -454,000 -3.8M -9.0M -9.3M -15.3M
Other Income Expense 39.6M -95.3M -91.0M 669,024 5.5M
Other Non Operating Income Expenses -- -2.4M 502,000 -- 25,882
Special Income Charges 47.8M -58.9M -88.8M -423,666 -4.0M
Write Off 5.5M 49.6M 84.7M 3.1M 4.0M
Gain On Sale Of Security 6.0M -4.1M -8.6M 2.5M 11.2M
Earnings From Equity Interest -14.2M -30.0M 5.9M -1.4M -1.8M
Pretax Income 241.4M 30.1M -27.6M 83.4M 80.4M
Tax Provision 35.3M 13.9M 9.8M 20.5M 20.3M
Tax Effect Of Unusual Items 7.9M -9.4M -39.0M 370,070 1.4M
Net Income From Continuing And Discontinued Operation 206.1M 16.3M -37.4M -87.5M -18.5M
Net Income From Continuing Operation Net Minority Interest 206.1M 16.3M -37.4M 110.3M 86.1M
Net Income Including Noncontrolling Interests 206.1M 16.3M -37.4M -135.0M -44.5M
Minority Interests -- -- 0.00 47.5M 26.0M
Net Income Common Stockholders 206.1M 16.3M -37.4M -87.5M -18.5M
Net Income 206.1M 16.3M -37.4M -87.5M -18.5M
EBITDA 282.9M 71.7M 29.1M 138.4M 137.9M
Normalized EBITDA 229.1M 134.6M 126.5M 136.4M 130.7M
Reconciled Depreciation 37.0M 33.6M 42.7M 38.6M 38.8M
Basic EPS 1.10 0.09 -0.20 -0.49 -0.11
Diluted EPS 1.09 0.09 -0.20 -0.49 -0.11
Basic Average Shares 187.8M 186.3M 185.2M 180.4M 167.6M
Diluted Average Shares 189.2M 187.6M 185.2M 180.7M 167.6M
Total Unusual Items 53.8M -62.9M -97.4M 2.0M 7.2M
Total Unusual Items Excluding Goodwill 53.8M -62.9M -97.4M 2.0M 7.2M
Tax Rate For Calcs 0.15 0.15 0.40 0.18 0.20
Normalized Income 160.2M 69.8M 21.0M 108.6M 80.3M
Depletion Income Statement -- 32.6M 41.8M -- --
Depreciation Amortization Depletion Income Statement -- 32.6M 41.8M -- --
Diluted NI Availto Com Stockholders 206.1M 16.3M -37.4M -87.5M -18.5M
Gain On Sale Of Business 53.3M -9.3M -4.2M 2.7M 0.00
Impairment Of Capital Assets -- -- -- -- 95.9M
Net Income Continuous Operations 206.1M 16.3M -37.4M 62.8M 60.1M
Net Income Discontinuous Operations -- -- 0.00 -197.8M -104.5M
Net Non Operating Interest Income Expense -454,000 -3.8M -9.0M -9.3M -15.3M
Other Gand A 20.9M 18.3M 24.3M 14.9M 15.4M
Provision For Doubtful Accounts 0.00 -1.4M 27.8M -- --
Reconciled Cost Of Revenue 44.9M 39.3M 11.4M 49.7M 67.5M
Total Expenses 75.1M 61.9M 110.9M 68.5M 86.1M
Total Operating Income As Reported 196.8M 78.3M 64.5M 90.6M 88.0M
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 142.1M 59.1M 51.2M 66.9M 90.7M
Cash Cash Equivalents And Short Term Investments 142.1M 59.1M 57.4M 66.9M 90.7M
Cash Financial 142.1M 59.1M 51.2M 66.9M 90.7M
Other Short Term Investments -- 0.00 6.2M 0.00 0.00
Accounts Receivable 2.3M 2.1M 3.1M 8.6M 1.1M
Receivables 3.2M 3.1M 4.8M 8.6M 11.5M
Inventory -- 0.00 10,000 9,579 14.6M
Prepaid Assets 2.3M 1.6M 1.4M 1.9M 3.1M
Other Current Assets -- -- -- 1.9M --
Current Assets 147.7M 63.8M 63.5M 77.4M 119.9M
Gross PPE 1.9B 1.8B 1.2B 5.1M 636.8M
Accumulated Depreciation -723.4M -683.1M -- -4.9M -135.4M
Net PPE 1.1B 1.1B 1.2B 1.0B 501.4M
Goodwill 81.1M 77.3M 84.1M 82.1M 87.2M
Goodwill And Other Intangible Assets 81.1M 77.3M 84.1M 82.1M 87.2M
Investments And Advances 189.3M 117.3M 157.8M 290.3M 230.9M
Long Term Equity Investment 0.00 43.3M 87.4M 236.1M 98.3M
Other Investments 14.1M 12.2M 0.00 54.3M 21.0M
Other Non Current Assets -- -- 1.2B 6.5M 905.7M
Total Non Current Assets 1.4B 1.3B 1.4B 1.4B 1.7B
Total Assets 1.6B 1.4B 1.5B 1.5B 1.9B
Current Debt -- -- -- -- 231.3M
Current Debt And Capital Lease Obligation 1.2M 852,000 849,000 680,000 231.3M
Accounts Payable 3.0M 1.4M 2.4M 5.0M 7.6M
Payables 30.5M 12.9M 13.8M 12.5M 25.4M
Payables And Accrued Expenses 31.4M 13.8M 14.6M 12.5M 30.7M
Current Accrued Expenses 902,000 887,000 790,000 1.8M 5.3M
Other Current Liabilities -- -- -- -- 9.6M
Current Liabilities 32.6M 14.6M 15.5M 13.2M 271.6M
Long Term Debt -- 93.9M 145.1M 109.2M 90.6M
Long Term Debt And Capital Lease Obligation 3.8M 97.8M 150.3M 114.2M 90.6M
Long Term Capital Lease Obligation 3.8M 3.9M 5.2M 4.9M 9.4M
Other Non Current Liabilities -- -- -- -- 47.3M
Total Non Current Liabilities Net Minority Interest 101.8M 174.1M 223.1M 178.1M 191.6M
Total Liabilities Net Minority Interest 134.4M 188.7M 238.5M 191.3M 463.2M
Common Stock 1.7B 1.7B 1.7B 1.6B 1.4B
Capital Stock 1.7B 1.7B 1.7B 1.6B 1.4B
Additional Paid In Capital 65.9M 63.6M 62.3M 60.8M 33.4M
Retained Earnings -270.2M -408.7M -388.5M -319.4M -222.0M
Gains Losses Not Affecting Retained Earnings -51.8M -141.8M -84.8M -101.7M 46.2M
Other Equity Adjustments -51.8M -141.8M -84.8M -101.7M 46.2M
Common Stock Equity 1.4B 1.2B 1.2B 1.3B 1.3B
Stockholders Equity 1.4B 1.2B 1.2B 1.3B 1.3B
Total Equity Gross Minority Interest 1.4B 1.2B 1.2B 1.3B 1.4B
Minority Interest -- -- -- 0.00 114.1M
Total Capitalization 1.4B 1.3B 1.4B 1.4B 1.4B
Net Tangible Assets 1.4B 1.1B 1.2B 1.2B 1.2B
Tangible Book Value 1.4B 1.1B 1.2B 1.2B 1.2B
Working Capital 115.1M 49.2M 48.1M 64.2M -151.6M
Invested Capital 1.4B 1.3B 1.4B 1.4B 1.6B
Total Debt 5.0M 98.7M 151.1M 114.9M 321.9M
Net Debt -- 34.8M 93.9M 42.4M 231.2M
Share Issued 187.2M 186.7M 185.3M 184.0M 166.5M
Ordinary Shares Number 187.2M 186.7M 185.3M 184.0M 166.5M
Accrued Interest Receivable -- 211,000 947,000 6.5M 3.7M
Available For Sale Securities 162.8M 55.3M 63.6M 13.5M 73.9M
Capital Lease Obligations 5.0M 4.8M 6.0M 5.6M 18.4M
Construction In Progress -- -- -- 0.00 --
Current Capital Lease Obligation 1.2M 852,000 849,000 680,000 9.0M
Current Deferred Liabilities -- -- -- 0.00 914,000
Current Provisions -- -- -- -- 2.3M
Derivative Product Liabilities -- -- -- 0.00 --
Dividends Payable 10.3M 8.4M 8.4M 7.5M 7.2M
Duefrom Related Parties Current -- -- -- 388,000 582,736
Financial Assets Designatedas Fair Value Through Profitor Loss Total 12.3M 6.5M 6.8M 17.8M 37.6M
Income Tax Payable 13.7M 0.00 -- -- 0.00
Interest Payable -- 342,000 529,000 96,522 111,371
Investmentin Financial Assets 175.1M 61.9M 70.3M 31.4M 111.5M
Investmentsin Associatesat Cost 0.00 43.3M 87.4M 236.1M 98.3M
Long Term Provisions -- -- -- -- 51.0M
Machinery Furniture Equipment -- -- -- 1.0M 82.4M
Non Current Accounts Receivable 1.3M -- -- -- 9.1M
Non Current Deferred Assets 2.0M 1.3M 1.4M 1.4M 1.4M
Non Current Deferred Liabilities 98.0M 76.2M 72.8M 63.9M 53.7M
Non Current Deferred Taxes Liabilities 98.0M 76.2M 72.8M 63.9M 53.7M
Non Current Prepaid Assets -- -- -- 0.00 3.6M
Other Current Borrowings -- -- -- -- 294.9M
Other Equity Interest -- -- -- -- 25.6M
Other Inventories -- -- 10,000 9,579 7.6M
Other Payable 3.5M 3.1M 3.0M 2.8M 10.6M
Other Properties 5.1M 4.1M 1.2B 5.1M --
Other Receivables 944,000 996,000 -- 349,000 436,856
Raw Materials -- -- -- 0.00 6.9M
Taxes Receivable -- 785,000 698,000 632,184 5.8M
Total Tax Payable 13.7M 0.00 -- 179,000 0.00
Line Item FY 2025Dec 31, 2025 FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 245.6M 159.9M 138.4M 81.0M 83.2M
Cash Flow From Continuing Operating Activities 245.6M 159.9M 138.4M 129.0M 120.2M
Depreciation And Amortization -- -- -- -- 51.9M
Depreciation Amortization Depletion 37.0M 33.6M 42.7M 38.6M 38.8M
Stock Based Compensation 8.4M 6.2M 7.7M 5.2M 6.1M
Deferred Tax 18.7M 11.2M 7.9M 19.7M 19.4M
Deferred Income Tax 18.7M 11.2M 7.9M 19.7M 19.4M
Change In Working Capital 15.0M -1.9M -1.5M -2.4M -4.2M
Changes In Account Receivables -- -- -- -- 373,327
Change In Receivables -121,000 -880,000 -3.6M -3.6M -44,705
Change In Inventory -- -- -- -- -10.3M
Change In Payables And Accrued Expense 15.8M -777,000 1.6M 1.2M -4.0M
Change In Payable 15.8M -777,000 -- -- --
Change In Other Current Assets -714,000 -220,000 488,000 -55,998 -215,683
Other Non Cash Items 168,000 3.0M -133,000 5.5M 5.6M
Capital Expenditure -36.9M -73.4M -217.7M -91.5M -71.4M
Purchase Of PPE -- -- -219.4M -91.5M -145.3M
Net PPE Purchase And Sale -- -- -219.4M -91.5M -145.3M
Purchase Of Business -- -- 0.00 -98.1M 0.00
Purchase Of Investment -12.6M -6.0M -46.4M -9.2M -27.8M
Sale Of Investment 49.8M 3.8M 98.1M 2.2M 8.9M
Net Investment Purchase And Sale 37.2M -2.1M 51.7M -7.0M -18.9M
Investing Cash Flow 1.4M -75.6M -166.1M -281.4M -213.4M
Cash Flow From Continuing Investing Activities 1.4M -75.6M -166.1M -196.6M -90.2M
Issuance Of Debt 10.4M 35.0M 190.0M 108.9M 39.2M
Repayment Of Debt -105.4M -84.7M -155.8M -305.0M -39.9M
Net Issuance Payments Of Debt -94.9M -49.7M 34.2M -196.1M -654,107
Issuance Of Capital Stock -- -- 0.00 229.9M 0.00
Repurchase Of Capital Stock -36.7M -428,000 0.00 -16.3M -24.1M
Net Common Stock Issuance -36.7M -428,000 0.00 213.5M -24.1M
Common Stock Dividend Paid -34.9M -30.6M -29.7M -27.9M -25.5M
Common Stock Payments -36.7M -428,000 0.00 -16.3M -24.1M
Financing Cash Flow -163.3M -74.9M 9.4M 161.5M -15.4M
Cash Flow From Continuing Financing Activities -163.3M -74.9M 9.4M -19.6M -42.6M
Effect Of Exchange Rate Changes -567,000 -1.5M 2.7M 20.3M -1.0M
Changes In Cash 83.6M 9.4M -18.3M -38.8M -145.5M
Beginning Cash Position 59.1M 51.2M 66.9M 85.2M 237.3M
End Cash Position 142.1M 59.1M 51.2M 66.7M 90.7M
Free Cash Flow 208.7M 86.5M -79.3M -10.5M 11.9M
Income Tax Paid Supplemental Data 3.1M 2.7M 1.9M 847,333 965,475
Interest Paid Supplemental Data 3.9M 7.3M 12.7M 10.7M 12.9M
Asset Impairment Charge 5.5M 49.6M 84.7M 3.1M 4.0M
Cash Dividends Paid -34.9M -30.6M -29.7M -27.9M -25.5M
Cash From Discontinued Financing Activities -- -- 0.00 181.1M 27.2M
Cash From Discontinued Investing Activities -- -- 0.00 -84.7M -123.1M
Cash From Discontinued Operating Activities -- -- 0.00 -48.0M -37.0M
Change In Account Payable 2.1M -777,000 -- -- --
Change In Income Tax Payable 13.7M 0.00 -- -- --
Change In Tax Payable 13.7M 0.00 -- -- --
Common Stock Issuance -- -- 0.00 229.9M 0.00
Depletion -- -- -- -- 51.9M
Earnings Losses From Equity Investments 14.2M 30.0M -5.9M 1.4M 1.8M
Gain Loss On Investment Securities -- -- -- -- -7.6M
Gain Loss On Sale Of Business -53.3M 9.3M 4.2M -2.7M 0.00
Long Term Debt Issuance 10.4M 35.0M 190.0M 108.9M 39.2M
Long Term Debt Payments -105.4M -84.7M -155.8M -305.0M -39.9M
Net Business Purchase And Sale -- -- 0.00 -98.1M 0.00
Net Foreign Currency Exchange Gain Loss -734,000 4.4M -1.3M -14.7M 145,880
Net Income From Continuing Operations 206.1M 16.3M -37.4M 62.8M 60.1M
Net Intangibles Purchase And Sale -36.9M -73.4M -217.7M -91.5M -71.4M
Net Long Term Debt Issuance -94.9M -49.7M 34.2M -196.1M -654,107
Net Other Financing Charges -8.6M -3.6M -4.7M -12.3M -3.8M
Net Other Investing Changes 1.0M -57,000 -34,000 -13,263 -31,372
Operating Gains Losses -39.8M 43.8M -3.0M -16.0M 1.9M
Proceeds From Stock Option Exercised 11.7M 9.6M 9.5M 3.2M 11.4M
Provisionand Write Offof Assets 0.00 -1.4M 27.8M 0.00 --
Purchase Of Intangibles -36.9M -73.4M -217.7M -91.5M -71.4M
Unrealized Gain Loss On Investment Securities -5.3M -343,000 9.7M 12.4M -11.3M
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