Three Months Ended

Nine Months Ended

December 31,

2025

2024

2025

2024

Basic earnings per common share

Net income attributable to Reservoir Media, Inc.

$

2,195,985

$

5,244,091

$

3,898,167

$

5,082,451

Weighted average common shares outstanding - basic

65,600,855

65,240,858

65,512,938

65,133,225

Earnings per common share - basic

$

0.03

$

0.08

$

0.06

$

0.08

Diluted earnings per common share

Net income attributable to Reservoir Media, Inc.

$

2,195,985

$

5,244,091

$

3,898,167

$

5,082,451

Weighted average common shares outstanding - basic

65,600,855

65,240,858

65,512,938

65,133,225

Weighted average effect of potentially dilutive securities:

Effect of dilutive stock options and RSUs

730,611

865,616

704,729

773,215

Weighted average common shares outstanding - diluted

66,331,466

66,106,474

66,217,667

65,906,440

Earnings per common share - diluted

$

0.03

$

0.08

$

0.06

$

0.08