Kenorland Minerals 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	25.92	28.19	25.43	24.13	9.42	12.54
Cash & Short-Term Investments	25.92	28.19	25.43	24.13	9.42	12.54
Cash Growth	-15.18%	10.86%	5.37%	156.22%	-24.92%	1802.28%
Accounts Receivable	1.65	0.15	0.14	0.18	0.17	0.06
Other Receivables	0.77	1.53	3.07	2.25	1.73	0.96
Receivables	2.42	1.68	3.21	2.43	1.9	1.02
Prepaid Expenses	0.87	0.49	0.52	1.3	0.11	0.19
Total Current Assets	29.21	30.36	29.16	27.86	11.43	13.76
Property, Plant & Equipment	23.88	25.14	17.42	13.64	10.61	3.33
Long-Term Investments	7.11	3.36	3.5	14.05	2.43	0.63
Other Long-Term Assets	-	-	-	-	-	0
Total Assets	60.2	58.86	50.08	55.55	24.48	17.72
Accounts Payable	2.11	0.26	0.83	1.34	0.91	0.32
Accrued Expenses	1.63	0.71	0.8	0.52	0.37	0.79
Current Portion of Leases	0.09	0.08	0.07	-	0.01	0.03
Current Income Taxes Payable	-	-	0.27	0.39	-	-
Other Current Liabilities	5.86	4.59	3.76	6	1.99	2.7
Total Current Liabilities	9.68	5.64	5.73	8.25	3.28	3.84
Long-Term Debt	-	-	-	-	0.1	0.08
Long-Term Leases	0.07	0.14	0.22	-	-	0.01
Long-Term Deferred Tax Liabilities	3.46	3.46	1.69	2.33	-	-
Other Long-Term Liabilities	-	-	-	-	0.61	0.42
Total Liabilities	13.21	9.24	7.64	10.58	3.99	4.35
Common Stock	42.68	40.85	30.85	30.62	23.09	17.57
Retained Earnings	-1.43	3.69	7.05	11.13	-5.24	-6.37
Comprehensive Income & Other	5.74	5.08	4.55	3.23	2.64	2.16
Shareholders' Equity	46.99	49.62	42.45	44.97	20.49	13.37
Total Liabilities & Equity	60.2	58.86	50.08	55.55	24.48	17.72
Total Debt	0.16	0.22	0.29	-	0.11	0.12
Net Cash (Debt)	26.42	27.97	25.14	24.13	9.31	12.42
Net Cash Growth	-12.90%	11.26%	4.18%	159.32%	-25.09%	1933.87%
Net Cash Per Share	0.34	0.39	0.40	0.41	0.18	0.42
Filing Date Shares Outstanding	78.46	77.51	64.37	62.72	51.67	45.94
Total Common Shares Outstanding	78.46	76.6	63.56	62.59	51.6	45.57
Working Capital	19.53	24.71	23.43	19.61	8.15	9.92
Book Value Per Share	0.60	0.65	0.67	0.72	0.40	0.29
Tangible Book Value	46.99	49.62	42.45	44.97	20.49	13.37
Tangible Book Value Per Share	0.60	0.65	0.67	0.72	0.40	0.29
Machinery	0.03	0.07	0.07	0.03	0.02	0.02
Leasehold Improvements	-	-	-	0.01	-	-

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