OR Royalties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), OR Royalties Inc reported revenue of $277.4M (+45.1% year on year) and net income of $206.1M (+1166.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $277.4M | $191.2M | $247.3M | $217.8M |
| Cost of sales | ($9.1M) | ($6.7M) | ($16.6M) | ($16.1M) |
| Depletion | ($35.8M) | ($32.6M) | ($56.4M) | ($51.4M) |
| Gross profit | $232.5M | $151.8M | $174.3M | $150.4M |
| General and administrative | ($20.9M) | ($18.3M) | ($32.8M) | ($20.2M) |
| Business development | ($9.3M) | ($5.6M) | ($6.2M) | ($5.4M) |
| Impairment of royalty, stream and other interests | ($5.5M) | ($49.6M) | ($47.6M) | ($1.8M) |
| Operating income | $196.8M | $78.3M | $87.7M | $123.0M |
| Interest income | $4.0M | $4.2M | $6.8M | $9.8M |
| Finance costs | ($4.5M) | ($8.0M) | ($18.9M) | ($22.3M) |
| Foreign exchange gain (loss) | $645.0K | ($4.4M) | $1.6M | $20.1M |
| Share of loss of associates | ($14.2M) | ($30.0M) | $7.9M | ($1.9M) |
| Other gains (losses), net | $58.6M | ($9.9M) | ($120.2M) | ($15.6M) |
| Earnings before income taxes | $241.4M | $30.1M | ($35.1M) | $113.1M |
| Income tax expense | ($35.3M) | ($13.9M) | ($13.3M) | ($27.8M) |
| Net earnings | $206.1M | $16.3M | ($48.3M) | ($183.2M) |
| Basic | $1.10 | $0.09 | -$0.26 | -$0.66 |
| Diluted | $1.09 | $0.09 | -$0.26 | -$0.66 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash | $142.1M | $59.1M | $67.7M | $90.5M |
| Amounts receivable | $3.2M | $3.1M | $6.3M | $11.7M |
| Other assets | $2.3M | $1.6M | $1.8M | $2.5M |
| Total current assets | $147.7M | $63.8M | $84.0M | $104.8M |
| Investments in associates | $0 | $43.3M | $115.7M | $319.8M |
| Other investments | $189.3M | $74.0M | $93.0M | $73.5M |
| Royalty, stream and other interests | $1.1B | $1.1B | $1.6B | $1.4B |
| Goodwill | $81.1M | $77.3M | $111.2M | $111.2M |
| Other assets | $8.4M | $5.4M | $9.0M | $1.8M |
| Total assets | $1.6B | $1.4B | $2.0B | $2.0B |
| Accounts payable and accrued liabilities | $7.5M | $5.3M | $8.2M | $6.8M |
| Dividends payable | $10.3M | $8.4M | $11.1M | $10.1M |
| Income tax liabilities | $13.7M | — | — | — |
| Lease liabilities | $1.2M | $852.0K | $1.1M | — |
| Total current liabilities | $32.6M | $14.6M | $20.5M | $17.9M |
| Lease liabilities | $3.8M | $3.9M | $6.9M | — |
| Long-term debt | $0 | $93.9M | $191.9M | $147.9M |
| Deferred income taxes | $98.0M | $76.2M | $96.3M | $86.6M |
| Total liabilities | $134.4M | $188.7M | $315.5M | $259.1M |
| Share capital | $1.7B | $1.7B | $2.1B | $2.1B |
| Contributed surplus | $65.9M | $63.6M | $79.4M | $77.3M |
| Accumulated other comprehensive loss | ($51.8M) | ($141.8M) | $28.1M | $47.4M |
| Deficit | ($270.2M) | ($408.7M) | ($554.7M) | ($463.6M) |
| Total equity | $1.4B | $1.2B | $1.7B | $1.7B |
| Total Liabilities and Equity | $1.6B | $1.4B | $2.0B | $2.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net earnings | $206.1M | $16.3M | — | — |
| Share-based compensation | $8.4M | $6.2M | $10.4M | $7.1M |
| Depletion and amortization | $37.0M | $33.6M | $57.6M | $52.4M |
| Impairment of royalty, stream and other interests | $5.5M | $49.6M | $47.6M | $4.2M |
| Change in allowance for expected credit loss and write-off of other investments and interest receivable | $0 | ($1.4M) | $37.2M | — |
| Share of loss of associates | $14.2M | $30.0M | ($7.9M) | $1.9M |
| Change in fair value of financial assets at fair value through profit and loss | ($5.3M) | ($343.0K) | $13.2M | $16.8M |
| Net loss on dilution of investments in associates | $0 | $9.3M | ($4.8M) | ($3.6M) |
| Gain on deemed disposal of an associate | ($54.4M) | $0 | $10.5M | — |
| Reclassification to the statement of income of other comprehensive loss on the deemed disposal of an investment in associate | $1.1M | — | — | — |
| Foreign exchange (gain) loss | ($734.0K) | $4.4M | ($1.8M) | ($19.9M) |
| Deferred income tax expense | $18.7M | $11.2M | $10.7M | $26.7M |
| Other | $168.0K | $3.0M | ($632.0K) | $116.0K |
| Net cash flows provided by operating activities before changes in non-cash working capital items | $230.6M | $161.8M | $188.9M | $178.3M |
| Changes in non-cash working capital items | $15.0M | ($1.9M) | ($1.9M) | ($3.2M) |
| Net cash flows provided by operating activities | $245.6M | $159.9M | $187.0M | $109.9M |
| Acquisitions of short-term investments | $0 | ($6.0M) | ($8.4M) | — |
| Acquisitions of investments | ($12.6M) | $0 | ($53.3M) | ($12.5M) |
| Proceeds from disposal of investments | $49.8M | $3.8M | $133.0M | $0 |
| Acquisitions of royalty, stream and other interests | ($36.9M) | ($73.4M) | ($291.1M) | ($124.2M) |
| Proceeds on the exercise of a buy-down right | $2.1M | — | — | — |
| Other | ($1.0M) | ($57.0K) | ($46.0K) | ($18.0K) |
| Net cash flows provided by (used in) investing activities | $1.4M | ($75.6M) | ($219.8M) | ($381.9M) |
| Increase in long-term debt | $10.4M | $35.0M | $255.2M | $147.8M |
| Repayment of long-term debt | ($105.4M) | ($84.7M) | ($207.5M) | ($413.1M) |
| Exercise of share options and shares issued under the share purchase plan | 11.7M | 9.6M | 12.8M | 4.4M |
| Normal course issuer bid purchase of common shares | -36.7M | -428.0K | 0 | -22.1M |
| Dividends paid | ($34.9M) | ($30.6M) | ($39.9M) | ($37.9M) |
| Withholding taxes on settlement of restricted and deferred share units | ($6.5M) | ($2.4M) | ($4.8M) | ($2.2M) |
| Other | ($2.1M) | ($1.2M) | ($491.0K) | ($555.0K) |
| Net cash flows used in financing activities | ($163.3M) | ($74.9M) | $14.3M | $219.2M |
| Increase in cash before effects of exchange rate changes | $83.6M | $9.4M | ($18.5M) | ($52.7M) |
| Effects of exchange rate changes on cash | ($567.0K) | ($1.5M) | — | — |
| Net increase in cash | $83.0M | $7.9M | ($22.8M) | ($25.1M) |
| Cash - January 1 | $59.1M | $51.2M | $90.5M | $115.7M |
| Cash - December 31 | $142.1M | $59.1M | $67.7M | $90.5M |
OR Royalties Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.