Income Statement Source Rock Royalties Ltd.

Stocks

SRR

CA83616J1003

Oil & Gas Exploration and Production

Market Closed - Toronto S.E. 14:33:33 2026-09-23 EDT			5-day change	1st Jan Change
1.090 ^CAD	+0.93%		+1.87%	+23.86%

09-15	Source Rock Royalties Declares Monthly Dividend, Payable on October 15, 2026	CI
08-31	Earnings Flash (SRR.V) Source Rock Royalties Ltd. Reports Q2 Royalty Revenue C$2.1M	MT

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Published financial data: SOURCE ROCK ROYALTIES LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Revenues	4.26M	6.49M	6.65M	7.69M	6.03M
Total Revenues	4.26M	6.49M	6.65M	7.69M	6.03M
Gross Profit	4.26M	6.49M	6.65M	7.69M	6.03M
Selling General & Admin Expenses, Total	476K	754K	853K	873K	769K
Provision for Bad Debts	-9.91K	-	-	-	-
Stock-Based Compensation (IS)	314K	399K	775K	840K	649K
Depreciation & Amortization - (IS)	2.24M	2.18M	3.18M	3.94M	2.96M
Impairment of Oil, Gas & Mineral Properties - (IS)	1.38M	-	-	-	-
Other Operating Expenses, Total	4.4M	3.33M	4.81M	5.65M	4.38M
Operating Income	-135K	3.16M	1.84M	2.04M	1.65M
Interest And Investment Income	956	287K	431K	137K	127K
Net Interest Expenses	956	287K	431K	137K	127K
EBT, Excl. Unusual Items	-134K	3.44M	2.27M	2.17M	1.78M
EBT, Incl. Unusual Items	-134K	3.44M	2.27M	2.17M	1.78M
Income Tax Expense	-310K	885K	700K	677K	455K
Earnings From Continuing Operations	177K	2.56M	1.57M	1.5M	1.32M
Net Income to Company	177K	2.56M	1.57M	1.5M	1.32M
Net Income - (IS)	177K	2.56M	1.57M	1.5M	1.32M
Net Income to Common Incl Extra Items	177K	2.56M	1.57M	1.5M	1.32M
Net Income to Common Excl. Extra Items	177K	2.56M	1.57M	1.5M	1.32M
Per Share Items
Net EPS - Basic	0.01	0.06	0.03	0.03	0.03
Basic EPS - Continuing Operations	0.01	0.06	0.03	0.03	0.03
Basic Weighted Average Shares Outstanding	29.42M	42.34M	45.02M	45.39M	45.58M
Net EPS - Diluted	0.01	0.06	0.03	0.03	0.03
Diluted EPS - Continuing Operations	0.01	0.06	0.03	0.03	0.03
Diluted Weighted Average Shares Outstanding	31.21M	43.22M	46.58M	47.77M	48M
Normalized Basic EPS	-0	0.05	0.03	0.03	0.02
Normalized Diluted EPS	-0	0.05	0.03	0.03	0.02
Dividend Per Share	0.02	0.06	0.07	0.08	0.08
Payout Ratio	832.11	78.98	215.22	230.66	268.84
Supplemental Items
EBITDA	3.48M	5.34M	5.02M	5.98M	4.61M
EBITA	-135K	3.16M	1.84M	2.04M	1.65M
EBIT	-135K	3.16M	1.84M	2.04M	1.65M
Effective Tax Rate - (Ratio)	231.93	25.7	30.9	31.16	25.61
Current Domestic Taxes	-	-	-	959K	-
Total Current Taxes	82.31K	894K	571K	959K	543K
Deferred Domestic Taxes	-	-	-	-282K	-
Total Deferred Taxes	-393K	-9.84K	129K	-282K	-87.73K
Normalized Net Income	-83.64K	2.15M	1.42M	1.36M	1.11M
Supplemental Operating Expense Items
General and Administrative Expenses	476K	754K	853K	873K	769K
Stock-Based Comp., Other (Total)	314K	399K	775K	840K	649K
Total Stock-Based Compensation	314K	399K	775K	840K	649K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Assets
Cash And Equivalents	1.49M	13.15M	1.46M	4.64M	4.15M
Total Cash And Short Term Investments	1.49M	13.15M	1.46M	4.64M	4.15M
Accounts Receivable, Total	813K	1.06M	1.26M	1.04M	963K
Other Receivables	9.66K	35.48K	11.47K	9.02K	4.56K
Total Receivables	823K	1.09M	1.27M	1.05M	967K
Prepaid Expenses	5.78K	44.95K	30.95K	38.4K	18.37K
Other Current Assets, Total	164K	-	-	-	-
Total Current Assets	2.48M	14.29M	2.77M	5.73M	5.14M
Gross Property Plant And Equipment	22.57M	26.19M	39.47M	39.49M	40.32M
Accumulated Depreciation	-9.95M	-12.13M	-15.31M	-19.25M	-22.22M
Net Property Plant And Equipment	12.62M	14.06M	24.15M	20.24M	18.11M
Other Intangibles, Total	250K	250K	250K	250K	250K
Deferred Tax Assets Long-Term	-	218K	88.97K	371K	458K
Total Assets	15.36M	28.82M	27.26M	26.59M	23.95M
Liabilities
Accounts Payable, Total	69.38K	24.96K	75.84K	43.29K	45.88K
Accrued Expenses, Total	-	1.9K	36.47K	887	10.21K
Current Income Taxes Payable	82.31K	678K	17.8K	525K	179K
Other Current Liabilities	498K	673K	271K	296K	296K
Total Current Liabilities	650K	1.38M	401K	865K	531K
Deferred Tax Liability Non Current	146K	-	-	-	-
Total Liabilities	796K	1.38M	401K	865K	531K
Common Stock, Total	13.98M	26.29M	26.48M	26.76M	26.76M
Additional Paid In Capital	15.73M	16.13M	16.77M	17.63M	17.56M
Retained Earnings	-15.15M	-15.29M	-16.69M	-18.67M	-20.9M
Comprehensive Income and Other	-	307K	307K	-	-
Total Common Equity	14.56M	27.44M	26.86M	25.72M	23.42M
Total Equity	14.56M	27.44M	26.86M	25.72M	23.42M
Total Liabilities And Equity	15.36M	28.82M	27.26M	26.59M	23.95M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.56M	44.9M	45.23M	45.58M	45.58M
ECS Total Common Shares Outstanding	29.56M	44.9M	45.23M	45.58M	45.58M
Book Value / Share	0.49	0.61	0.59	0.56	0.51
Tangible Book Value	14.31M	27.19M	26.61M	25.47M	23.17M
Tangible Book Value Per Share	0.48	0.61	0.59	0.56	0.51
Total Debt	0	0	0	0	0
Net Debt	-1.49M	-13.15M	-1.46M	-4.64M	-4.15M
Account Code - Inventory Valuation	3	-	-	3	3
Accumulated Allowance for Doubtful Accounts (Supple)	41.34K	41.34K	-	-	-

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Net Income	177K	2.56M	1.57M	1.5M	1.32M
Depreciation & Amortization - CF	2.24M	2.18M	3.18M	3.94M	2.96M
Impairment of Oil, Gas & Mineral Properties - (CF)	1.38M	-	-	-	-
Depreciation & Amortization, Total	3.62M	2.18M	3.18M	3.94M	2.96M
Stock-Based Compensation (CF)	314K	399K	775K	840K	649K
Provision and Write-off of Bad Debts	-9.91K	-	-	-	-
Other Operating Activities, Total	-393K	-9.84K	129K	-282K	-87.73K
Change In Accounts Receivable	-448K	-272K	-179K	223K	84.02K
Change In Accounts Payable	45.4K	-97.53K	85.46K	-68.13K	11.92K
Change In Income Taxes	82.31K	596K	-661K	507K	-346K
Change in Other Net Operating Assets	21.05K	-39.17K	14K	-7.45K	20.03K
Cash from Operations	3.41M	5.32M	4.91M	6.65M	4.62M
Capital Expenditure	-1.19M	-3.62M	-13.28M	-27.1K	-831K
Sale (Purchase) of Intangible assets	-	-	-	-	-
Cash from Investing	-1.19M	-3.62M	-13.28M	-27.1K	-831K
Issuance of Common Stock	-	13.49M	134K	1.25K	-
Repurchase of Common Stock	-	-443K	-	-	-255K
Common Dividends Paid	-1.47M	-2.02M	-3.37M	-3.45M	-3.56M
Common & Preferred Stock Dividends Paid	-1.47M	-2.02M	-3.37M	-3.45M	-3.56M
Other Financing Activities, Total	-164K	-1.07M	-88.84K	-	-460K
Cash from Financing	-1.63M	9.96M	-3.33M	-3.45M	-4.27M
Net Change in Cash	579K	11.66M	-11.69M	3.17M	-485K
Supplemental Items
Levered Free Cash Flow	2.53M	1.52M	-9.32M	6.7M	3.58M
Unlevered Free Cash Flow	2.53M	1.52M	-9.32M	6.7M	3.58M
Change In Net Working Capital	121K	-582K	1.14M	-679K	230K

Fiscal Period: December	2021 (CAD)	2022 (CAD)	2023 (CAD)	2024 (CAD)	2025 (CAD)
Profitability
Return on Assets	-0.53	8.93	4.09	4.73	4.08
Return on Total Capital	-0.56	9.39	4.22	4.84	4.2
Return On Equity %	1.16	12.18	5.77	5.69	5.38
Return on Common Equity	1.16	12.18	5.77	5.69	5.38
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	11.17	11.62	12.84	11.36	12.75
EBITDA Margin %	81.71	82.23	75.5	77.71	76.49
EBITA Margin %	-3.16	48.63	27.61	26.47	27.37
EBIT Margin %	-3.16	48.63	27.61	26.47	27.37
Income From Continuing Operations Margin %	4.14	39.41	23.57	19.45	21.93
Net Income Margin %	4.14	39.41	23.57	19.45	21.93
Net Avail. For Common Margin %	4.14	39.41	23.57	19.45	21.93
Normalized Net Income Margin	-1.96	33.15	21.31	17.66	18.42
Levered Free Cash Flow Margin	59.41	23.39	-140.16	87.19	59.39
Unlevered Free Cash Flow Margin	59.41	23.39	-140.16	87.19	59.39
Asset Turnover
Asset Turnover	0.27	0.29	0.24	0.29	0.24
Fixed Assets Turnover	0.31	0.49	0.35	0.35	0.31
Receivables Turnover (Average Receivables)	7.29	6.93	5.72	6.67	6.02
Short Term Liquidity
Current Ratio	3.82	10.37	6.89	6.62	9.67
Quick Ratio	3.56	10.33	6.82	6.57	9.64
Operating Cash Flow to Current Liabilities	5.24	3.86	12.24	7.69	8.69
Days Sales Outstanding (Average Receivables)	50.07	52.64	63.76	54.86	60.67
Long Term Solvency
Total Liabilities / Total Assets	5.18	4.78	1.47	3.25	2.22
Net Debt / EBITDA	-0.43	-2.46	-0.29	-0.78	-0.9
Net Debt / (EBITDA - Capex)	-0.65	-7.64	0.18	-0.78	-1.1
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	209.79	52.29	2.4	15.7	-21.57
Gross Profit, 1 Yr. Growth %	209.79	52.29	2.4	15.7	-21.57
EBITDA, 1 Yr. Growth %	389.06	53.26	-5.98	19.09	-22.8
EBITA, 1 Yr. Growth %	-97.42	-2.44K	-41.85	10.91	-18.9
EBIT, 1 Yr. Growth %	-97.42	-2.44K	-41.85	10.91	-18.9
Earnings From Cont. Operations, 1 Yr. Growth %	-106.18	1.35K	-38.77	-4.53	-11.56
Net Income, 1 Yr. Growth %	-106.18	1.35K	-38.77	-4.53	-11.56
Normalized Net Income, 1 Yr. Growth %	-97.44	-2.67K	-34.16	-4.16	-18.16
Diluted EPS Before Extra, 1 Yr. Growth %	-106.06	883.33	-42.37	-8.82	-9.67
Accounts Receivable, 1 Yr. Growth %	128.08	30.32	19.21	-17.46	-7.63
Net Property, Plant and Equip., 1 Yr. Growth %	-15.32	11.37	71.81	-16.2	-10.53
Total Assets, 1 Yr. Growth %	-6.71	87.65	-5.41	-2.47	-9.91
Tangible Book Value, 1 Yr. Growth %	-7.68	89.99	-2.14	-4.27	-9.03
Common Equity, 1 Yr. Growth %	-7.56	88.44	-2.12	-4.23	-8.94
Cash From Operations, 1 Yr. Growth %	197.3	56.09	-7.58	35.33	-30.57
Capital Expenditures, 1 Yr. Growth %	174.47	203.01	267.13	-99.8	2.97K
Levered Free Cash Flow, 1 Yr. Growth %	18.73	-40.04	-713.63	-171.98	-46.57
Unlevered Free Cash Flow, 1 Yr. Growth %	18.73	-40.04	-713.63	-171.98	-46.57
Dividend Per Share, 1 Yr. Growth %	200	300	10	15.91	1.96
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	25.77	117.21	24.88	8.85	-4.74
Gross Profit, 2 Yr. CAGR %	25.77	117.21	24.88	8.85	-4.74
EBITDA, 2 Yr. CAGR %	35.18	173.78	20.04	5.81	-4.12
EBITA, 2 Yr. CAGR %	-48.43	-22.32	269.02	-19.69	-5.16
EBIT, 2 Yr. CAGR %	-48.43	-22.32	269.02	-19.69	-5.16
Earnings From Cont. Operations, 2 Yr. CAGR %	-33.43	-5.37	197.86	-23.54	-8.11
Net Income, 2 Yr. CAGR %	-33.43	-5.37	197.86	-23.54	-8.11
Normalized Net Income, 2 Yr. CAGR %	-49.3	-18.84	311.56	-20.57	-11.44
Diluted EPS Before Extra, 2 Yr. CAGR %	-35.52	-22.8	138.04	-27.52	-9.25
Accounts Receivable, 2 Yr. CAGR %	22.32	72.4	24.64	-0.81	-12.68
Net Property, Plant and Equip., 2 Yr. CAGR %	-21.36	-2.89	38.33	19.99	-13.41
Total Assets, 2 Yr. CAGR %	-16.97	32.31	33.23	-3.95	-6.26
Tangible Book Value, 2 Yr. CAGR %	-13.02	32.44	36.35	-3.21	-6.68
Common Equity, 2 Yr. CAGR %	-12.26	31.98	35.81	-3.18	-6.62
Cash From Operations, 2 Yr. CAGR %	29.13	115.42	20.11	11.83	-3.07
Capital Expenditures, 2 Yr. CAGR %	-14.95	188.38	233.53	-91.34	-74.98
Levered Free Cash Flow, 2 Yr. CAGR %	-	-15.63	91.81	110.16	-37.99
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-15.63	91.81	110.16	-37.99
Dividend Per Share, 2 Yr. CAGR %	-50	246.41	109.76	12.92	8.71
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	34.05	69.05	21.74	-2.42
Gross Profit, 3 Yr. CAGR %	-	34.05	69.05	21.74	-2.42
EBITDA, 3 Yr. CAGR %	-	40.96	91.72	19.72	-4.74
EBITA, 3 Yr. CAGR %	-	83.98	-29.47	147.19	-19.43
EBIT, 3 Yr. CAGR %	-	83.98	-29.47	147.19	-19.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-	85.86	-18.15	103.84	-19.74
Net Income, 3 Yr. CAGR %	-	85.86	-18.15	103.84	-19.74
Normalized Net Income, 3 Yr. CAGR %	-	87.7	-24.31	153.2	-19.77
Diluted EPS Before Extra, 3 Yr. CAGR %	-	59.89	-29.97	72.88	-22
Accounts Receivable, 3 Yr. CAGR %	-	24.93	52.45	8.64	-3.14
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-11.69	17.45	17.05	8.81
Total Assets, 3 Yr. CAGR %	-	8.96	18.31	20.07	-5.98
Tangible Book Value, 3 Yr. CAGR %	-	12.86	19.73	21.19	-5.19
Common Equity, 3 Yr. CAGR %	-	13.2	19.46	20.88	-5.14
Cash From Operations, 3 Yr. CAGR %	-	37.56	62.47	24.98	-4.6
Capital Expenditures, 3 Yr. CAGR %	-	29.89	212.55	-71.68	-38.75
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	63.47	38.35	33.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	63.47	38.35	33.13
Dividend Per Share, 3 Yr. CAGR %	-	0	136.33	72.13	9.14
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	23.33	34.39
Gross Profit, 5 Yr. CAGR %	-	-	-	23.33	34.39
EBITDA, 5 Yr. CAGR %	-	-	-	25.68	45.31
EBITA, 5 Yr. CAGR %	-	-	-	32.06	-20.6
EBIT, 5 Yr. CAGR %	-	-	-	32.06	-20.6
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	30.28	-14.27
Net Income, 5 Yr. CAGR %	-	-	-	30.28	-14.27
Normalized Net Income, 5 Yr. CAGR %	-	-	-	33.07	-19.4
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	16.52	-22.32
Accounts Receivable, 5 Yr. CAGR %	-	-	-	13.92	21.99
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-0.17	3.97
Total Assets, 5 Yr. CAGR %	-	-	-	3.6	7.79
Tangible Book Value, 5 Yr. CAGR %	-	-	-	6.13	8.37
Common Equity, 5 Yr. CAGR %	-	-	-	6.34	8.26
Cash From Operations, 5 Yr. CAGR %	-	-	-	26.62	32.15
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-56.04	13.83
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	10.93
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	10.93
Dividend Per Share, 5 Yr. CAGR %	-	-	-	4.98	73.23