TMCRNASDAQ

The Metals Royalty Company Inc.

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Recent & upcoming events

Oct 5

Est.

Lock-up Time TBD

IPO lock-up expiry (est., 180d)

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Dec 30

Est.

IPO 7:00

New listing (scheduled)

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KPI highlights

FY25

Revenue $0 YoY —

Operating income $-5M

Net income $1M YoY —

EPS $0.02 YoY —

P/E 690.0× Rich Rough PER guide (a simplified band — fair value varies by industry and growth stage): <10 Cheap / 10–15 Slightly cheap / 15–22 Fair / 22–35 Slightly rich / ≥35 Rich

ROE 3.6% Equity ratio 95% Typical equity ratios vary a lot by industry. Banks, brokerages, and other financial companies tend to run lower ratios because leverage (using other people's capital) is core to their business model — a low ratio there isn't a sign of financial weakness.

Quarterly fundamentals

Income & cash flow Unit: $1M

Quarter	FY24 Q3	FY24 Q4	FY25 Q1	FY25 Q3	FY25 Q4	FY26 Q1
Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	-0.33	-0.24	-0.12	-2.17	-2.54	-8.15
Net income	-0.12	-0.56	0.09	-1.26	3.04	-10.2
Operating CF	—	-0.11	-0.07	—	-3.74	-4.30

F-Score (Piotroski)

2/9 3 of 9 items lack data

Checks financial health against 9 criteria and shows how many are met as a fraction (more ✓ marks is healthier). Items with no data are shown as “—” — they're simply excluded from judgment, not counted against the score.

✓ Positive ROA ROA 3.4%

✗ Positive operating cash flow $-6M

✓ ROA improved YoY -1.3% → 3.4%

✗ Operating CF exceeds net income (accrual quality) OCF $-6M / net income $1M

✗ Equity ratio improved* Substitute for the original “decrease in long-term debt” 99.7% → 94.6%

— Current ratio improved No data

— No dilution (shares outstanding did not increase) No data

— Gross margin improved No data

✗ Asset turnover improved 0.00× → 0.00×

This score is reference information based on our own financial metrics. It is NOT a credit rating issued by a credit rating agency under Article 66-27 of the Financial Instruments and Exchange Act, and is NOT investment advice or a recommendation. Make investment decisions at your own responsibility.

Fact checklist

FY25

Equity ratio 94.6%

Current ratio —

Years of positive operating CF 0 of last 2 yrs

Payout ratio 0%

Latest fiscal year result Profit (net income $1M)

Performance history

Last 10 years

Income & assets

Unit: $1M

Item	FY24	FY25
Revenue	0.00	0.00
Operating income	-1.21	-5.09
Ordinary income	—	—
Net income	-0.28	1.12
Total assets	21.5	32.9
Equity	21.4	31.2

A “—” means data wasn't available for that period — it's not a display error or an unusual value.

Indicators & cash flow

Unit: $1M

Item	FY24	FY25
EPS	$-0.01	$0.02
ROE	-1.3%	3.6%
Operating CF	-0.79	-6.35
Investing CF	0.00	-0.01
Financing CF	0.00	21.7
FCF	0.54	-3.25

Source: Twelve Data (fetched 2026-06-16) *Some metrics supplemented from additional sources

Key financial metrics

Debt-free ✓

Sector positioning

Relative standing within the sector

ROE

bottom 26% · Mid tier

Equity ratio

top 0% · Top tier

Sector F-Score rank omitted (some metrics unavailable).

Sector peers (by market cap)

1 Linde plc LIN $242.07B 2 Newmont Corporation NEM $107.00B 3 Freeport-McMoRan Inc. FCX $98.34B 4 The Sherwin-Williams Company SHW $78.26B 5 Ecolab Inc. ECL $74.70B 6 CRH plc CRH $71.15B 7 Air Products and Chemicals, Inc. APD $62.71B 8 Nucor Corporation NUE $60.66B 9 ArcelorMittal S.A. MT $59.37B 10 Corteva Inc. CTVA $50.92B

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Data provided by Twelve Data

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Company info

The Metals Royalty Company Inc. is a royalty acquisition company specializing in critical metals and minerals. It acquires and manages royalties, streams, and similar interests to provide financing that supports mineral security and independence in North America, aiding growth in energy, defense, and re-industrialization sectors. The company's portfolio is anchored by a 2.0 percent gross overriding royalty on the NORI polymetallic nodule deposit in the northeastern Pacific Ocean's Clarion-Clipperton Zone, operated by The Metals Company. This royalty business model generates revenue directly tied to the asset's gross production sales, offering predictable, high-margin income without cost deductions, which suits volatile metals markets. The Metals Royalty Company Inc. focuses on the full value chain of critical minerals essential for American defense, AI infrastructure, energy systems, and industrial capacity. Incorporated in British Columbia, Canada, and founded in 2022 with headquarters in Calgary, Alberta, it operates as a purpose-built financing platform in the critical minerals sector.

Ticker TMCR

Industry Gold and Silver Ores

Sector Materials

Total assets $33M

Equity $31M

BPS (ex-treasury) $0.77