Versamet Royalties 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 | 8.1M | 4.8M | 3.5M | 3.2M | 3.2M |
| Operating Revenue | 8.1M | 4.8M | 3.5M | 3.2M | 3.2M |
| Cost Of Revenue | 5.4M | 4.2M | 3.2M | 2.9M | 2.8M |
| Gross Profit | 2.7M | 674,329 | 220,644 | 312,481 | 359,000 |
| Selling General And Administration | 1.5M | 1.3M | 1.3M | 2.0M | 864,000 |
| General And Administrative Expense | 1.5M | 1.3M | 1.3M | 2.0M | 864,000 |
| Other Operating Expenses | 11,000 | 68,066 | 19,187 | 6,438 | 20,000 |
| Operating Expense | 1.5M | 1.3M | 1.4M | 2.0M | 884,000 |
| Operating Income | 1.2M | -667,136 | -1.1M | -1.7M | -525,000 |
| EBIT | 6.1M | 7.4M | 3.2M | -8.0M | 6.5M |
| Interest Expense | 1.3M | 6.6M | 627,944 | 669,139 | 802,000 |
| Interest Expense Non Operating | 1.3M | 6.6M | 627,944 | 669,139 | 802,000 |
| Interest Income | 91,000 | 12,871 | 11,443 | 18,219 | 35,000 |
| Interest Income Non Operating | 91,000 | 12,871 | 11,443 | 18,219 | 35,000 |
| Net Interest Income | -1.2M | -6.6M | -616,501 | -650,920 | -767,000 |
| Other Income Expense | 4.8M | 8.1M | 4.3M | -6.4M | 7.0M |
| Gain On Sale Of Security | 4.8M | 8.1M | 4.3M | 2.0M | 7.0M |
| Pretax Income | 4.8M | 831,998 | 2.6M | -8.7M | 5.7M |
| Tax Provision | 1.4M | 661,511 | 775,320 | -1.4M | 1.8M |
| Tax Effect Of Unusual Items | 1.4M | 1.2M | 1.3M | -1.0M | 2.2M |
| Net Income From Continuing And Discontinued Operation | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Income From Continuing Operation Net Minority Interest | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Income Including Noncontrolling Interests | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Income Common Stockholders | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Income | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| EBITDA | 7.7M | 8.1M | 3.4M | -7.8M | 6.7M |
| Normalized EBITDA | 2.9M | 6,725 | -888,598 | -1.5M | -264,000 |
| Reconciled Depreciation | 1.6M | 660,990 | 238,156 | 170,729 | 226,000 |
| Basic EPS | 0.04 | 0.00 | 0.02 | -- | 0.04 |
| Diluted EPS | 0.03 | 0.00 | 0.02 | -- | 0.04 |
| Basic Average Shares | 93.0M | 93.1M | 92.8M | -- | 92.8M |
| Diluted Average Shares | 95.7M | 94.9M | 92.8M | -- | 92.8M |
| Total Unusual Items | 4.8M | 8.1M | 4.3M | -6.4M | 7.0M |
| Total Unusual Items Excluding Goodwill | 4.8M | 8.1M | 4.3M | -6.4M | 7.0M |
| Tax Rate For Calcs | 0.30 | 0.15 | 0.30 | 0.16 | 0.32 |
| Normalized Income | 4,177 | -6.7M | -1.2M | -1.9M | -877,533 |
| Diluted NI Availto Com Stockholders | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Income Continuous Operations | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Non Operating Interest Income Expense | -1.2M | -6.6M | -616,501 | -650,920 | -767,000 |
| Other Gand A | 584,000 | 348,836 | 202,256 | 295,980 | 197,000 |
| Reconciled Cost Of Revenue | 5.4M | 4.2M | 3.2M | 2.9M | 2.8M |
| Salaries And Wages | 902,000 | 924,563 | 1.1M | 1.7M | 667,000 |
| Total Expenses | 6.9M | 5.5M | 4.6M | 4.9M | 3.7M |
| Total Operating Income As Reported | 6.0M | 4.8M | 3.1M | -8.9M | 6.1M |
| 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 | 2.5M | 1.1M | 869,177 | 1.4M | -- |
| Cash Cash Equivalents And Short Term Investments | 11.1M | 1.1M | 869,177 | 1.4M | -- |
| Other Short Term Investments | 8.6M | -- | -- | -- | -- |
| Accounts Receivable | 4.5M | 1.1M | 351,387 | 369,066 | -- |
| Receivables | 4.5M | 1.1M | 351,387 | 369,066 | -- |
| Other Current Assets | 135,000 | 8.4M | 8.5M | 7.7M | -- |
| Current Assets | 15.7M | 10.6M | 9.7M | 9.5M | -- |
| Gross PPE | 337.6M | 271.8M | 233.9M | 232.9M | -- |
| Accumulated Depreciation | -15.4M | -13.7M | -13.1M | -12.8M | -- |
| Net PPE | 322.3M | 258.0M | 220.8M | 220.1M | -- |
| Investments And Advances | 61.1M | 496,033 | 781,954 | 729,981 | -- |
| Other Non Current Assets | -- | -- | 348,706 | -- | -- |
| Total Non Current Assets | 384.7M | 259.2M | 222.0M | 220.8M | -- |
| Total Assets | 400.4M | 269.8M | 231.7M | 230.2M | -- |
| Current Debt | -- | -- | 12.5M | 12.3M | -- |
| Current Debt And Capital Lease Obligation | 22.5M | -- | 12.5M | 12.3M | -- |
| Accounts Payable | 1.0M | 151,094 | 275,820 | 1.2M | -- |
| Payables | 1.0M | 151,094 | 275,820 | 1.2M | -- |
| Payables And Accrued Expenses | 1.0M | 151,094 | 275,820 | 1.2M | -- |
| Other Current Liabilities | -- | -- | 3.2M | 3.3M | -- |
| Current Liabilities | 23.5M | 151,094 | 16.0M | 16.9M | -- |
| Long Term Debt | 154.5M | 53.0M | -- | 608,442 | -- |
| Long Term Debt And Capital Lease Obligation | 154.5M | 53.0M | -- | 608,442 | -- |
| Total Non Current Liabilities Net Minority Interest | 158.5M | 55.6M | 2.1M | 2.1M | -- |
| Total Liabilities Net Minority Interest | 182.0M | 55.8M | 18.1M | 18.9M | -- |
| Common Stock | 217.3M | 217.3M | 216.0M | 215.8M | -- |
| Capital Stock | 217.3M | 217.3M | 216.0M | 215.8M | -- |
| Retained Earnings | -2.7M | -6.0M | -6.2M | -8.0M | -- |
| Gains Losses Not Affecting Retained Earnings | -957,000 | -1.5M | -1.2M | -1.2M | -- |
| Other Equity Adjustments | -957,000 | -1.5M | -1.2M | -1.2M | -- |
| Common Stock Equity | 218.4M | 214.0M | 213.6M | 211.3M | -- |
| Stockholders Equity | 218.4M | 214.0M | 213.6M | 211.3M | -- |
| Total Equity Gross Minority Interest | 218.4M | 214.0M | 213.6M | 211.3M | -- |
| Total Capitalization | 372.9M | 267.0M | 213.6M | 211.9M | -- |
| Net Tangible Assets | 218.4M | 214.0M | 213.6M | 211.3M | -- |
| Tangible Book Value | 218.4M | 214.0M | 213.6M | 211.3M | -- |
| Working Capital | -7.8M | 10.5M | -6.3M | -7.4M | -- |
| Invested Capital | 372.9M | 267.0M | 226.1M | 224.3M | -- |
| Total Debt | 177.0M | 53.0M | 12.5M | 12.9M | -- |
| Net Debt | 152.0M | 51.9M | 11.7M | 11.5M | -- |
| Share Issued | 93.4M | 93.4M | 92.8M | 92.8M | -- |
| Ordinary Shares Number | 93.4M | 93.4M | 92.8M | 92.8M | -- |
| Available For Sale Securities | 1.0M | -- | -- | -- | -- |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | 60.1M | -- | -- | -- | -- |
| Investmentin Financial Assets | 61.1M | -- | -- | -- | -- |
| Non Current Deferred Assets | 1.4M | 711,605 | -- | -- | -- |
| Non Current Deferred Liabilities | 4.0M | 2.6M | 2.1M | 1.5M | -- |
| Non Current Deferred Taxes Liabilities | 4.0M | 2.6M | 2.1M | 1.5M | -- |
| Notes Receivable | -- | -- | -- | 0.00 | -- |
| Other Current Borrowings | -- | -- | 12.5M | 12.3M | -- |
| Other Equity Interest | 4.7M | 4.2M | 5.0M | 4.8M | -- |
| 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 | 4.3M | 2.3M | 651,618 | 2.1M | 1.9M |
| Cash Flow From Continuing Operating Activities | 4.3M | 2.3M | 651,618 | 2.1M | 1.9M |
| Depreciation Amortization Depletion | 1.6M | 660,990 | 238,156 | 170,729 | 226,000 |
| Stock Based Compensation | 527,000 | 603,847 | 38,710 | 541,125 | 380,000 |
| Deferred Tax | 1.4M | 661,511 | 775,320 | -1.4M | 1.8M |
| Deferred Income Tax | 1.4M | 661,511 | 775,320 | -1.4M | 1.8M |
| Change In Working Capital | -1.9M | -898,385 | -759,165 | 966,851 | -126,000 |
| Change In Receivables | -- | -800,406 | 23,810 | -- | -- |
| Change In Payables And Accrued Expense | -- | -97,979 | -782,975 | -- | -- |
| Change In Other Working Capital | -1.9M | -- | -- | -- | -126,000 |
| Other Non Cash Items | 1.2M | 6.6M | 616,501 | 650,920 | 767,000 |
| Capital Expenditure | -125.2M | -- | -- | -- | -- |
| Purchase Of Investment | -- | -35.1M | -- | -- | -- |
| Sale Of Investment | 0.00 | 0.00 | 0.00 | 70.00 | 0.00 |
| Net Investment Purchase And Sale | 0.00 | -35.1M | 0.00 | 70.00 | 0.00 |
| Investing Cash Flow | -125.2M | -35.1M | 0.00 | 95.00 | 0.00 |
| Cash Flow From Continuing Investing Activities | -125.2M | -35.1M | 0.00 | 95.00 | 0.00 |
| Issuance Of Debt | 126.0M | 55.0M | -- | 0.00 | 0.00 |
| Repayment Of Debt | -2.0M | -18.4M | -1.0M | -1.8M | -8.7M |
| Net Issuance Payments Of Debt | 124.0M | 36.6M | -1.0M | -1.8M | -8.7M |
| Issuance Of Capital Stock | 0.00 | -- | -- | -317.00 | 7.5M |
| Net Common Stock Issuance | 0.00 | -- | -- | -317.00 | 7.5M |
| Financing Cash Flow | 122.3M | 33.0M | -1.2M | -2.2M | -1.4M |
| Cash Flow From Continuing Financing Activities | 122.3M | 33.0M | -1.2M | -2.2M | -1.4M |
| Effect Of Exchange Rate Changes | 15,000 | -38,731 | -3,457 | -25,886 | 4,000 |
| Changes In Cash | 1.4M | 241,400 | -558,263 | -99,434 | 460,000 |
| Beginning Cash Position | 1.1M | 869,177 | 1.4M | 1.6M | 1.1M |
| End Cash Position | 2.5M | 1.1M | 869,177 | 1.4M | 1.6M |
| Free Cash Flow | -120.9M | 2.3M | 651,618 | 2.2M | 1.9M |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Stock Issuance | 0.00 | -- | -- | -317.00 | 7.5M |
| Depletion | 1.6M | 660,990 | 238,156 | 170,729 | 226,000 |
| Gain Loss On Investment Securities | -- | -3.2M | -111,915 | -197,893 | -494,000 |
| Gain Loss On Sale Of PPE | 2.9M | 2.8M | 2.4M | 2.2M | 2.1M |
| Interest Paid Cff | -1.7M | -3.6M | -209,881 | -403,674 | -213,000 |
| Long Term Debt Issuance | 126.0M | 55.0M | -- | 0.00 | 0.00 |
| Long Term Debt Payments | -2.0M | -18.4M | -1.0M | -1.8M | -8.7M |
| Net Foreign Currency Exchange Gain Loss | 5,000 | 522,161 | -164.00 | -701,539 | 132,000 |
| Net Income From Continuing Operations | 3.3M | 170,487 | 1.8M | -7.3M | 3.9M |
| Net Intangibles Purchase And Sale | -125.2M | -- | -- | -- | 0.00 |
| Net Long Term Debt Issuance | 124.0M | 36.6M | -1.0M | -1.8M | -8.7M |
| Operating Gains Losses | 2.9M | 102,181 | 2.3M | 1.3M | 1.7M |
| Purchase Of Intangibles | -125.2M | -- | -- | -- | 0.00 |
| Taxes Refund Paid | -111,000 | -137,252 | -114,599 | -120,132 | -147,000 |
| Unrealized Gain Loss On Investment Securities | -4.8M | -5.4M | -4.2M | -1.1M | -6.6M |