Northern Graphite 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	0.59	0.37	3.12	5.08	3.58	1.21
Short-Term Investments	0.48	0.47	0.15	0.03	0.03	-
Trading Asset Securities	-	-	0.49	0.56	0.75	0.18
Cash & Short-Term Investments	1.07	0.84	3.75	5.67	4.35	1.39
Cash Growth	63.65%	-77.61%	-33.80%	30.21%	212.20%	0.69%
Accounts Receivable	1.53	0.85	0.98	1.62	-	-
Other Receivables	0.47	0.69	1.26	2.49	0.08	0.02
Receivables	2	1.54	2.24	4.1	0.08	0.02
Inventory	2.15	8.86	17.13	18.27	-	-
Prepaid Expenses	1.18	0.61	1.79	1.35	0.04	0.09
Restricted Cash	-	-	-	0.01	-	-
Other Current Assets	-	-	-	0.29	0.75	-
Total Current Assets	6.39	11.85	24.92	29.68	5.22	1.5
Property, Plant & Equipment	55.35	57.82	58.02	59.05	13.59	12.72
Long-Term Investments	-	-	-	-	-	0.15
Goodwill	2.71	2.71	2.71	2.71	-	-
Other Intangible Assets	0.99	0.04	0.1	0.16	-	-
Long-Term Accounts Receivable	1.74	1.74	1.74	1.74	-	-
Other Long-Term Assets	3.06	3.08	3.74	8.41	0.85	0.85
Total Assets	70.23	77.24	91.23	101.75	19.66	15.22
Accounts Payable	6.62	7.24	3.95	3.31	0.21	0.11
Accrued Expenses	18.89	16.36	5.75	3.58	1.36	0.1
Current Portion of Long-Term Debt	27.71	25.09	3.15	1.9	-	-
Current Portion of Leases	0.14	0.41	0.51	0.52	-	-
Current Income Taxes Payable	0.33	0.19	0.96	0.96	-	-
Other Current Liabilities	1.03	-	0.5	-	-	-
Total Current Liabilities	54.72	49.29	14.82	10.27	1.56	0.21
Long-Term Debt	0.25	-	16.16	13.19	-	-
Long-Term Leases	0.81	0.78	0.96	1.06	-	-
Long-Term Unearned Revenue	41.91	39.62	32.31	29.36	-	-
Long-Term Deferred Tax Liabilities	1.08	2.19	1.79	2.68	-	-
Other Long-Term Liabilities	6.89	6.77	9.4	9.02	0.36	0.35
Total Liabilities	105.66	98.64	75.44	65.58	1.92	0.55
Common Stock	68.41	67.9	57.42	52.62	30.86	25.1
Additional Paid-In Capital	5.25	5.29	4.96	4	2.5	2.41
Retained Earnings	-108.9	-93.2	-54.39	-30.75	-16.26	-13.78
Comprehensive Income & Other	-0.19	-1.39	7.8	10.31	0.63	0.95
Shareholders' Equity	-35.43	-21.4	15.79	36.18	17.73	14.67
Total Liabilities & Equity	70.23	77.24	91.23	101.75	19.66	15.22
Total Debt	28.92	26.28	20.78	16.67	-	-
Net Cash (Debt)	-27.85	-25.44	-17.03	-11	4.35	1.55
Net Cash Growth	-	-	-	-	181.22%	11.78%
Net Cash Per Share	-0.21	-0.19	-0.13	-0.10	0.06	0.02
Filing Date Shares Outstanding	147.37	133.85	130.5	130.02	81.72	78.82
Total Common Shares Outstanding	134.25	131.1	130.34	121.32	81.37	65.11
Working Capital	-48.34	-37.44	10.1	19.41	3.66	1.29
Book Value Per Share	-0.26	-0.16	0.12	0.30	0.22	0.23
Tangible Book Value	-39.13	-24.16	12.98	33.31	17.73	14.67
Tangible Book Value Per Share	-0.29	-0.18	0.10	0.27	0.22	0.23
Buildings	-	-	-	-	-	0.73
Machinery	8.95	8.83	8.31	7.25	-	0.59
Construction In Progress	21.1	20.07	18.97	18.04	-	-

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