Labrador Iron Ore Royalty Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	18.31	42.3	13.19	39.9	82.91	106.09	Upgrade
Cash & Short-Term Investments	18.31	42.3	13.19	39.9	82.91	106.09	Upgrade
Cash Growth	-54.55%	220.65%	-66.94%	-51.87%	-21.85%	36.26%	Upgrade
Accounts Receivable	42.6	52.79	53.83	42.63	49.67	58.32	Upgrade
Other Receivables	0.74	0.05	0.51	0.48	0.02	0.01	Upgrade
Receivables	43.34	52.84	54.34	43.12	49.68	58.34	Upgrade
Total Current Assets	61.65	95.14	67.53	83.02	132.59	164.43	Upgrade
Long-Term Investments	750.63	740.98	769.52	742.75	656.72	658.8	Upgrade
Total Assets	812.28	836.13	837.04	825.77	789.31	823.22	Upgrade
Accounts Payable	8.93	11.21	11.54	9.29	10.79	12.53	Upgrade
Current Income Taxes Payable	-	1.8	-	-	18.63	5.69	Upgrade
Other Current Liabilities	25.6	48	28.8	44.8	73.6	115.2	Upgrade
Total Current Liabilities	34.53	61.01	40.34	54.09	103.01	133.42	Upgrade
Long-Term Deferred Tax Liabilities	132.93	132.19	137.37	134.22	122.24	123.43	Upgrade
Total Liabilities	167.46	193.2	177.71	188.31	225.25	256.85	Upgrade
Common Stock	317.71	317.71	317.71	317.71	317.71	317.71	Upgrade
Retained Earnings	332.55	330.97	347.93	324.82	257.77	262	Upgrade
Comprehensive Income & Other	-5.45	-5.74	-6.3	-5.07	-11.42	-13.34	Upgrade
Shareholders' Equity	644.81	642.93	659.33	637.46	564.06	566.37	Upgrade
Total Liabilities & Equity	812.28	836.13	837.04	825.77	789.31	823.22	Upgrade
Net Cash (Debt)	18.31	42.3	13.19	39.9	82.91	106.09	Upgrade
Net Cash Growth	-54.55%	220.65%	-66.94%	-51.87%	-21.85%	36.26%	Upgrade
Net Cash Per Share	0.28	0.66	0.21	0.62	1.30	1.66	Upgrade
Filing Date Shares Outstanding	64	64	64	64	64	64	Upgrade
Total Common Shares Outstanding	64	64	64	64	64	64	Upgrade
Working Capital	27.12	34.14	27.19	28.93	29.58	31	Upgrade
Book Value Per Share	10.08	10.05	10.30	9.96	8.81	8.85	Upgrade
Tangible Book Value	644.81	642.93	659.33	637.46	564.06	566.37	Upgrade
Tangible Book Value Per Share	10.08	10.05	10.30	9.96	8.81	8.85	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.