Mustang Energy Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.22	0.54	3.37	1.6	0.65	0.29
Cash & Short-Term Investments	0.22	0.54	3.37	1.6	0.65	0.29
Cash Growth	-91.92%	-84.06%	110.73%	146.54%	122.60%	-42.80%
Other Receivables	0	0.05	-	-	-	-
Receivables	0	0.05	-	-	0.12	-
Prepaid Expenses	0.02	0.18	0.34	0.02	0.03	-
Other Current Assets	0.08	1.57	-	-	-	-
Total Current Assets	0.32	2.33	3.71	1.62	0.8	0.29
Property, Plant & Equipment	10.65	10.7	6.5	-	-	-
Total Assets	10.98	13.03	10.21	1.62	0.8	0.29
Accounts Payable	0.23	0.35	0.25	0.03	0.03	0.03
Accrued Expenses	0.06	-	-	-	-	0
Current Unearned Revenue	0.51	0.52	0.4	-	-	-
Other Current Liabilities	0	1.25	-	-	-	-
Total Current Liabilities	0.79	2.12	0.64	0.03	0.03	0.03
Total Liabilities	0.79	2.12	0.64	0.03	0.03	0.03
Common Stock	20.47	20.47	14.09	4.86	4.86	3.83
Retained Earnings	-11.93	-10.88	-6	-3.81	-4.63	-4.1
Comprehensive Income & Other	1.64	1.32	1.48	0.54	0.54	0.54
Total Common Equity	10.18	10.91	9.57	1.58	0.77	0.26
Shareholders' Equity	10.18	10.91	9.57	1.58	0.77	0.26
Total Liabilities & Equity	10.98	13.03	10.21	1.62	0.8	0.29
Net Cash (Debt)	0.22	0.54	3.37	1.6	0.65	0.29
Net Cash Growth	-91.92%	-84.06%	110.73%	146.54%	122.60%	-42.80%
Net Cash Per Share	0.00	0.01	0.10	0.04	0.03	0.01
Filing Date Shares Outstanding	100.48	100.48	68.57	25.21	25.21	20.98
Total Common Shares Outstanding	96.48	96.48	61.3	25.21	25.21	20.98
Working Capital	-0.47	0.22	3.07	1.58	0.77	0.26
Book Value Per Share	0.11	0.11	0.16	0.06	0.03	0.01
Tangible Book Value	10.18	10.91	9.57	1.58	0.77	0.26
Tangible Book Value Per Share	0.11	0.11	0.16	0.06	0.03	0.01