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RE Royalties Ltd. (V:RE)

Business Focus: Corporate Financial Services (NEC)

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEDAR
Company Contact
Address: 15th Floor 1040 West Georgia Street
Tel: N/A
IR: See website
Key People
Bernard Tan
Chief Executive Officer, Founder, Director
Luqman Khan
Chief Financial Officer
Peter Leighton
Chief Operating Officer
Business Overview
RE Royalties Ltd. is a Canada-based company, which is primarily engaged in the acquisition of revenue-based royalties from renewable energy generation facilities and other clean energy technologies. The Company provides non-dilutive royalty financing solutions to privately held and publicly traded renewable energy generation and development companies and clean energy technology companies. It provides financing solutions for its clients when traditional financing options are not available or suitable. It has ownership of royalties from renewable energy projects in Canada, the United States, and Europe. Its diversified portfolio includes solar parks, wind farms, and run of the river hydro facilities. The Company owns approximately 104 royalties on solar, wind, hydro, battery storage, and renewable natural gas projects in Canada, Europe, and the United States. The Company's wholly owned subsidiary is RE Royalties (Canada) Ltd.
Financial Overview
For the three months ended 31 March 2022, RE Royalties Ltd revenues increased 26% to C$554K. Net loss decreased 27% to C$550K. Revenues reflect Northern America segment increase of 30% to C$529K. Lower net loss reflects Equity-settled share-based payment decrease of 90% to C$40K (expense), Consulting decrease of 66% to C$13K (expense). Dividend per share remained flat at C$0.01.
Employees: 4 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $34.95M as of Mar 31, 2022
Annual revenue (TTM): $2.04M as of Mar 31, 2022
EBITDA (TTM): -$0.76M as of Mar 31, 2022
Net annual income (TTM): -$1.92M as of Mar 31, 2022
Free cash flow (TTM): -$1.27M as of Mar 31, 2022
Net Debt Last Fiscal Year: $8.97M as of Mar 31, 2022
Shares outstanding: 33,289,927 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization