Australian Rare Earths Balance Sheet

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	2.16	4.91	7.61	14.98	12.62	12.08
Cash & Short-Term Investments	2.16	4.91	7.61	14.98	12.62	12.08
Cash Growth	-59.39%	-35.48%	-49.24%	18.76%	4.42%	224753.06%
Other Receivables	1.18	0.84	0.81	1.09	0.28	0.09
Receivables	1.18	0.84	0.81	1.09	0.28	0.09
Other Current Assets	0.02	0.08	0.12	0.06	0.05	0.03
Total Current Assets	3.36	5.82	8.54	16.13	12.95	12.2
Property, Plant & Equipment	20.85	19.06	15.05	10.69	5.43	0.94
Other Long-Term Assets	0.19	0.19	0.17	0.15	0.1	0.01
Total Assets	24.41	25.08	23.76	26.96	18.48	13.15
Accounts Payable	1.36	0.86	0.32	0.99	0.62	0.99
Accrued Expenses	0.09	0.55	0.54	0.45	0.45	-
Current Portion of Leases	0.15	0.14	0.14	0.06	0.04	-
Current Unearned Revenue	0.16	0.29	-	-	-	-
Other Current Liabilities	0.09	0.04	0.19	0.4	0.12	0.19
Total Current Liabilities	1.85	1.88	1.17	1.9	1.24	1.18
Long-Term Leases	0.3	0.38	0.51	0.17	0.02	-
Pension & Post-Retirement Benefits	0.01	0.01	0	0	0	-
Total Liabilities	2.17	2.27	1.69	2.07	1.26	1.18
Common Stock	35.61	34.58	30.75	30.58	20.16	12.2
Retained Earnings	-15.08	-14.13	-11.5	-8.38	-5.96	-0.59
Comprehensive Income & Other	1.71	2.36	2.83	2.7	3.02	0.36
Shareholders' Equity	22.25	22.81	22.08	24.89	17.22	11.97
Total Liabilities & Equity	24.41	25.08	23.76	26.96	18.48	13.15
Total Debt	0.45	0.52	0.64	0.22	0.06	-
Net Cash (Debt)	1.71	4.39	6.96	14.76	12.55	12.08
Net Cash Growth	-63.76%	-36.99%	-52.83%	17.56%	3.90%	224753.06%
Net Cash Per Share	0.01	0.03	0.05	0.11	0.11	0.49
Filing Date Shares Outstanding	222.28	211.99	155.92	154.17	129.5	110.68
Total Common Shares Outstanding	222.28	211.99	155.92	154.17	129.5	110.68
Working Capital	1.51	3.94	7.36	14.23	11.71	11.02
Book Value Per Share	0.10	0.11	0.14	0.16	0.13	0.11
Tangible Book Value	22.25	22.81	22.08	24.89	17.22	11.97
Tangible Book Value Per Share	0.10	0.11	0.14	0.16	0.13	0.11
Machinery	-	0.53	0.52	0.37	0.25	0

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.