None
SEDAR Interim Financial Statements
SRV · Price
[
{
"companyName": "SIR Royalty Income Fund",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"asOf20250930": {
"cash": 359689,
"incomeTaxesRecoverable": null,
"amountsDueFromRelatedParties": 3994739,
"prepaidExpensesAndOtherAssets": 16628,
"totalCurrentAssets": 4371056,
"loanReceivableFromSIRCorp": 36750000,
"investmentInSIRRoyaltyLimitedPartnership": 50984321,
"totalAssets": 92105377,
"accountsPayableAndAccruedLiabilities": 125211,
"incomeTaxesPayable": 363722,
"amountsDueToRelatedParties": 3077627,
"totalCurrentLiabilities": 3566560,
"deferredIncomeTaxes": 2167000,
"totalLiabilities": 5733560,
"fundUnits": 96169787,
"deficit": -9797970,
"totalUnitholdersEquity": 86371817,
"totalLiabilitiesAndEquity": 92105377,
"cashPerShare": 0.0429,
"workingCapitalPerShare": 0.0961
},
"asOf20241231": {
"cash": 1044762,
"incomeTaxesRecoverable": 273010,
"amountsDueFromRelatedParties": 3458888,
"prepaidExpensesAndOtherAssets": 2572,
"totalCurrentAssets": 4779232,
"loanReceivableFromSIRCorp": 38500000,
"investmentInSIRRoyaltyLimitedPartnership": 50984321,
"totalAssets": 94263553,
"accountsPayableAndAccruedLiabilities": 182057,
"incomeTaxesPayable": null,
"amountsDueToRelatedParties": 3983008,
"totalCurrentLiabilities": 4165065,
"deferredIncomeTaxes": 2135000,
"totalLiabilities": 6300065,
"fundUnits": 96169787,
"deficit": -8206299,
"totalUnitholdersEquity": 87963488,
"totalLiabilitiesAndEquity": 94263553,
"cashPerShare": 0.1247,
"workingCapitalPerShare": 0.0733
}
},
"incomeStatement": {
"threeMonth2025": {
"equityIncomeFromSIRRoyaltyLimitedPartnership": 2884685,
"changeInEstimatedFairValueOfTheSIRLoan": -750000,
"totalRevenue": 2134685,
"generalAndAdministrativeExpenses": 135856,
"otherIncome": -20,
"earningsBeforeIncomeTaxes": 1998849,
"incomeTaxExpense": 873226,
"netEarnings": 1125623,
"basicEarningsPerFundUnit": 0.13,
"dilutedEarningsPerFundUnit": 0.13
},
"threeMonth2024": {
"equityIncomeFromSIRRoyaltyLimitedPartnership": 2722215,
"changeInEstimatedFairValueOfTheSIRLoan": 2000000,
"totalRevenue": 4722215,
"generalAndAdministrativeExpenses": 135484,
"otherIncome": null,
"earningsBeforeIncomeTaxes": 4586731,
"incomeTaxExpense": 838172,
"netEarnings": 3748559,
"basicEarningsPerFundUnit": 0.45,
"dilutedEarningsPerFundUnit": 0.43
},
"nineMonth2025": {
"equityIncomeFromSIRRoyaltyLimitedPartnership": 8303361,
"changeInEstimatedFairValueOfTheSIRLoan": 500000,
"totalRevenue": 8803361,
"generalAndAdministrativeExpenses": 384810,
"otherIncome": -20,
"earningsBeforeIncomeTaxes": 8418571,
"incomeTaxExpense": 2723499,
"netEarnings": 5695072,
"basicEarningsPerFundUnit": 0.68,
"dilutedEarningsPerFundUnit": 0.68,
"weightedAverageSharesOutstanding": 8375567
},
"nineMonth2024": {
"equityIncomeFromSIRRoyaltyLimitedPartnership": 8049504,
"changeInEstimatedFairValueOfTheSIRLoan": 4750000,
"totalRevenue": 12799504,
"generalAndAdministrativeExpenses": 406163,
"otherIncome": null,
"earningsBeforeIncomeTaxes": 12393341,
"incomeTaxExpense": 2553926,
"netEarnings": 9839415,
"basicEarningsPerFundUnit": 1.17,
"dilutedEarningsPerFundUnit": 1.14,
"weightedAverageSharesOutstanding": 8375567
}
},
"cashFlowStatement": {
"nineMonth2025": {
"netEarnings": 5695072,
"changeInEstimatedFairValueOfTheSIRLoan": -500000,
"incomeTaxExpense": 2723499,
"equityIncomeFromSIRRoyaltyLimitedPartnership": -8303361,
"distributionsReceivedFromSIRRoyaltyLimitedPartnership": 7767510,
"interestReceivedOnSIRLoan": 2250000,
"incomeTaxesPaid": -2054767,
"netChangeInNonCashWorkingCapitalItems": -976283,
"cashProvidedByOperatingActivities": 6601670,
"distributionsPaidToUnitholders": -7286743,
"changeInCashDuringThePeriod": -685073,
"cashBeginningOfPeriod": 1044762,
"cashEndOfPeriod": 359689
},
"nineMonth2024": {
"netEarnings": 9839415,
"changeInEstimatedFairValueOfTheSIRLoan": -4750000,
"incomeTaxExpense": 2553926,
"equityIncomeFromSIRRoyaltyLimitedPartnership": -8049504,
"distributionsReceivedFromSIRRoyaltyLimitedPartnership": 7496647,
"interestReceivedOnSIRLoan": 2250000,
"incomeTaxesPaid": -2263883,
"netChangeInNonCashWorkingCapitalItems": 355273,
"cashProvidedByOperatingActivities": 7431874,
"distributionsPaidToUnitholders": -7161110,
"changeInCashDuringThePeriod": 270764,
"cashBeginningOfPeriod": 412181,
"cashEndOfPeriod": 682945
}
},
"investmentsAndOtherAssets": [
{
"type": "Loan receivable",
"description": "Loan receivable from SIR Corp.",
"ownershipPercentage": null,
"value": 36750000,
"notes": "Bears interest at 7.5% per annum, due October 12, 2044, collateralized by a general security agreement. Fair value estimated using discount rate of 8.35%."
},
{
"type": "Investment in partnership",
"description": "Investment in SIR Royalty Limited Partnership",
"ownershipPercentage": 84.2,
"value": 50984321,
"notes": "The Fund's interest in the residual earnings of the Partnership was 84.2%."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 8375567,
"classesOfShares": ["Fund units"],
"warrants": [],
"options": [],
"rightsConvertibleInstruments": "SIR has the right to convert Class A GP Units into Fund units."
},
"managementCompensation": {
"currency": "CAD",
"periods": {},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "SIR Royalty Limited Partnership",
"description": "Administrative services provided to the Fund and the Trust",
"amount": 18000,
"period": "Nine-month period ended September 30, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "October 2025",
"description": "Distributions of $0.10 per unit were declared and paid for the month of October 2025.",
"impactValue": 837556.7
}
]
}
]
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Jun 23, 2026 · 17:29