Ionic 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	12.41	0.6	2.03	11.12	26.76	11.06
Trading Asset Securities	-	0.05	2.92	-	-	-
Cash & Short-Term Investments	12.41	0.65	4.94	11.12	26.76	11.06
Cash Growth	399.33%	-86.90%	-55.52%	-58.46%	142.05%	1232.10%
Accounts Receivable	-	-	-	-	0.53	0.06
Other Receivables	0.24	0.17	0.07	1.1	-	-
Receivables	0.24	0.17	0.07	1.1	0.53	0.06
Inventory	0.67	0.55	1.07	0.79	-	-
Prepaid Expenses	-	-	-	0.22	-	-
Other Current Assets	0.22	0.06	0.17	-	0.07	0.02
Total Current Assets	13.54	1.43	6.26	13.24	27.36	11.13
Property, Plant & Equipment	1.4	1.68	2.39	3.93	12.6	3.41
Long-Term Investments	23.84	24.22	23.93	21.93	3.93	3.54
Other Intangible Assets	4.82	5.2	4.99	5.43	5.08	-
Other Long-Term Assets	0.04	0.04	-	-	-	-
Total Assets	43.63	32.56	37.57	44.52	48.97	18.08
Accounts Payable	1.29	1.46	0.57	0.82	0.61	0.39
Accrued Expenses	-	0.34	-	-	-	-
Current Portion of Leases	0.11	0.13	0.12	0.01	0.03	-
Other Current Liabilities	-	0.81	-	-	-	-
Total Current Liabilities	1.4	2.73	0.69	0.82	0.64	0.39
Long-Term Leases	0.24	0.24	0.37	-	0.01	-
Long-Term Deferred Tax Liabilities	0.02	-	-	-	0.03	-
Total Liabilities	1.66	2.97	1.06	0.82	0.68	0.39
Common Stock	114.11	95.09	92.13	78.33	82.78	47.36
Retained Earnings	-79.66	-73.56	-67.32	-46.12	-37.58	-32.93
Comprehensive Income & Other	7.53	8.07	11.7	11.48	3.08	3.26
Shareholders' Equity	41.98	29.59	36.51	43.7	48.29	17.69
Total Liabilities & Equity	43.63	32.56	37.57	44.52	48.97	18.08
Total Debt	0.35	0.37	0.49	0.01	0.03	-
Net Cash (Debt)	12.06	0.28	4.46	11.11	26.72	11.06
Net Cash Growth	486.49%	-93.73%	-59.89%	-58.43%	141.73%	1232.10%
Net Cash Per Share	0.06	0.00	0.03	0.09	0.23	0.12
Filing Date Shares Outstanding	224.97	175.58	161.04	131.87	129.09	106.88
Total Common Shares Outstanding	224.97	175.58	161.04	131.54	129.09	106.88
Working Capital	12.14	-1.31	5.57	12.41	26.71	10.74
Book Value Per Share	0.19	0.17	0.23	0.33	0.37	0.17
Tangible Book Value	37.16	24.4	31.52	38.27	43.21	17.69
Tangible Book Value Per Share	0.17	0.14	0.20	0.29	0.33	0.17
Machinery	-	4.1	3.92	2.61	0.38	-
Leasehold Improvements	-	0.15	0.15	0.12	-	-

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