Brazilian Rare Earths Limited (ASX:BRE)

Brazilian Rare Earths Balance Sheet

Financials in millions AUD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	136.9	26.49	48.84	18.43	0.2
Short-Term Investments	25.46	55.2	-	-	-
Cash & Short-Term Investments	162.36	81.69	48.84	18.43	0.2
Cash Growth	98.77%	67.24%	165.02%	8990.12%	-
Other Receivables	2.01	1.36	0.12	1.15	0.14
Receivables	2.01	1.36	0.12	1.15	0.14
Prepaid Expenses	1.42	1.18	0.43	0.04	0.01
Other Current Assets	0.16	0.07	-	-	-
Total Current Assets	165.96	84.29	49.4	19.62	0.36
Property, Plant & Equipment	4.71	3.21	1.46	0.42	0.07
Other Long-Term Assets	0.36	0.45	0.54	-	-
Total Assets	171.02	87.96	51.4	20.04	0.42
Accounts Payable	2.26	1.27	2.14	0.57	0.02
Accrued Expenses	4.18	2.12	-	-	-
Short-Term Debt	-	-	-	20.72	-
Current Portion of Leases	1.19	1.24	-	-	-
Other Current Liabilities	0.91	0.52	10.02	0.28	0
Total Current Liabilities	8.55	5.16	12.16	21.57	0.02
Long-Term Leases	0.35	0.69	-	-	-
Other Long-Term Liabilities	-	-	3.41	-	-
Total Liabilities	8.9	5.84	15.58	21.57	0.02
Common Stock	324.09	207.92	112.25	7.24	0.63
Retained Earnings	-176.15	-134.09	-77.83	-8.75	-0.85
Comprehensive Income & Other	14.19	8.28	1.4	-0.02	0.62
Shareholders' Equity	162.12	82.11	35.82	-1.53	0.4
Total Liabilities & Equity	171.02	87.96	51.4	20.04	0.42
Total Debt	1.55	1.93	-	20.72	-
Net Cash (Debt)	160.82	79.76	48.84	-2.29	0.2
Net Cash Growth	101.64%	63.29%	-	-	-
Net Cash Per Share	0.64	0.34	0.26	-0.02	0.01
Filing Date Shares Outstanding	275.81	248.35	214.11	136.15	29.48
Total Common Shares Outstanding	274.63	246.54	214.11	136.15	29.48
Working Capital	157.41	79.14	37.23	-1.95	0.34
Book Value Per Share	0.59	0.33	0.17	-0.01	0.01
Tangible Book Value	162.12	82.11	35.82	-1.53	0.4
Tangible Book Value Per Share	0.59	0.33	0.17	-0.01	0.01

Source: S&P Global Market Intelligence. Standard template. Financial Sources.