Novo Resources Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2.29	10.69	11.61	47.93	32.35	40.49
Short-Term Investments	0.12	0.12	0.15	0.15	0.11	0.2
Cash & Short-Term Investments	2.41	10.81	11.76	48.08	32.45	40.69
Cash Growth	-61.76%	-8.14%	-75.53%	48.14%	-20.24%	41.33%
Other Receivables	0.19	0.2	11.28	2.59	6.13	1.81
Receivables	0.19	0.2	11.28	2.59	6.13	1.81
Inventory	-	-	-	4.64	9.65	3.84
Prepaid Expenses	0.61	0.45	0.82	1.12	1.16	0.64
Other Current Assets	9.07	-	-	-	-	-
Total Current Assets	12.28	11.46	23.86	56.43	49.39	46.98
Property, Plant & Equipment	40.88	41.8	48.1	178.93	257.01	290.52
Long-Term Investments	33.17	31.92	34.4	20.7	156.21	33.86
Other Long-Term Assets	0.1	0.1	0.1	0.1	0.08	0.08
Total Assets	86.42	85.27	106.45	256.16	462.68	371.44
Accounts Payable	0.3	0.29	0.56	1.74	3.25	6.88
Accrued Expenses	0.7	0.67	2.25	4.51	13.65	5.2
Current Portion of Long-Term Debt	-	-	-	-	6.34	-
Current Portion of Leases	0.13	0.12	1.17	4.31	12.45	10.65
Current Income Taxes Payable	0.4	0.43	-	6.05	-	-
Current Unearned Revenue	-	-	1.93	-	-	-
Other Current Liabilities	2.51	2.86	3.07	6.11	9.77	10.18
Total Current Liabilities	4.03	4.36	8.98	22.73	45.46	32.91
Long-Term Debt	-	-	-	-	37.38	34.9
Long-Term Leases	0.21	0.31	0.45	2.28	18.53	29.57
Long-Term Deferred Tax Liabilities	5.22	3.82	3.68	1.24	10.33	-
Other Long-Term Liabilities	8.11	7.29	8.43	41.94	36.72	29.6
Total Liabilities	17.57	15.78	21.53	68.19	148.42	126.97
Common Stock	415.56	415.56	414.9	396.82	388.78	347.17
Retained Earnings	-424.77	-414.39	-391.17	-263.35	-157.94	-157.23
Treasury Stock	-	-	-	-	-	-2.57
Comprehensive Income & Other	78.06	68.33	61.19	54.5	83.42	57.11
Total Common Equity	68.85	69.5	84.92	187.97	314.26	244.47
Shareholders' Equity	68.85	69.5	84.92	187.97	314.26	244.47
Total Liabilities & Equity	86.42	85.27	106.45	256.16	462.68	371.44
Total Debt	0.34	0.43	1.62	6.6	74.71	75.11
Net Cash (Debt)	35.24	42.29	44.54	62.18	113.96	-15.65
Net Cash Growth	-25.70%	-5.05%	-28.37%	-45.43%	-	-
Net Cash Per Share	0.10	0.12	0.15	0.25	0.48	-0.08
Filing Date Shares Outstanding	354.63	354.63	353.06	263.1	245.94	198.88
Total Common Shares Outstanding	354.63	354.63	350.95	263.09	245.94	198.88
Working Capital	8.24	7.1	14.89	33.7	3.93	14.07
Book Value Per Share	0.19	0.20	0.24	0.71	1.28	1.23
Tangible Book Value	68.85	69.5	84.92	187.97	314.26	244.47
Tangible Book Value Per Share	0.19	0.20	0.24	0.71	1.28	1.23
Buildings	-	-	-	5.16	4.77	5.1
Machinery	-	-	-	88.06	81.45	77.17
Construction In Progress	-	-	-	-	3.42	7.91
Leasehold Improvements	-	-	-	0.17	0.18	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.