Golden Horse Minerals Limited (ASX:GHM)

Golden Horse Minerals 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	43.66	14.99	2.15	0.14	0.21
Cash & Short-Term Investments	43.66	14.99	2.15	0.14	0.21
Cash Growth	191.24%	598.02%	1451.79%	-33.70%	-65.92%
Accounts Receivable	-	-	0.09	-	-
Other Receivables	0.29	0.1	-	0.02	0.1
Receivables	0.29	0.1	0.09	0.02	0.1
Prepaid Expenses	0.15	0.05	0.41	0.06	0.01
Other Current Assets	-	-	-	-	0
Total Current Assets	44.11	15.14	2.64	0.22	0.32
Property, Plant & Equipment	40.55	24.29	8.05	5.02	4.47
Other Long-Term Assets	0.14	-	-	-	-
Total Assets	84.8	39.44	10.69	5.24	4.79
Accounts Payable	2.82	3.58	1.03	1.22	1.09
Accrued Expenses	0.07	0.09	0.03	0.03	-
Current Portion of Long-Term Debt	-	-	-	0.34	0.03
Other Current Liabilities	0.24	0.25	0.25	0.36	0.09
Total Current Liabilities	3.14	3.91	1.31	1.95	1.2
Long-Term Debt	-	-	-	-	0.46
Other Long-Term Liabilities	1.99	1.99	-	-	-
Total Liabilities	5.13	5.9	1.31	1.95	1.66
Common Stock	107.89	59.3	30.74	26.27	25.16
Additional Paid-In Capital	-	-	-	-	2.18
Retained Earnings	-34.85	-30.95	-23.87	-24.52	-23.39
Comprehensive Income & Other	6.63	5.19	2.51	1.54	-0.82
Shareholders' Equity	79.67	33.54	9.38	3.29	3.13
Total Liabilities & Equity	84.8	39.44	10.69	5.24	4.79
Total Debt	-	-	-	0.34	0.49
Net Cash (Debt)	43.66	14.99	2.15	-0.2	-0.28
Net Cash Growth	191.24%	598.02%	-	-	-
Net Cash Per Share	0.23	0.28	0.06	-0.01	-0.01
Filing Date Shares Outstanding	254.32	156.28	44.03	27.16	24.97
Total Common Shares Outstanding	253.84	155.9	39.89	27.16	24.97
Working Capital	40.97	11.23	1.33	-1.73	-0.88
Book Value Per Share	0.31	0.22	0.24	0.12	0.13
Tangible Book Value	79.67	33.54	9.38	3.29	3.13
Tangible Book Value Per Share	0.31	0.22	0.24	0.12	0.13
Machinery	0.69	0.04	0.04	-	-

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