Galiano Gold Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	108.33	105.78	55.27	56.11	53.52
Short-Term Investments	4.53	1.51	-	-	-
Cash & Short-Term Investments	112.85	107.28	55.27	56.11	53.52
Cash Growth	5.19%	94.11%	-1.50%	4.84%	-13.89%
Accounts Receivable	0.07	0.1	-	-	-
Other Receivables	10.81	8.33	1.06	1.74	7.38
Receivables	10.88	8.43	1.06	1.74	7.38
Inventory	70.8	42.83	-	-	-
Prepaid Expenses	7.65	7.04	0.76	0.76	0.77
Total Current Assets	202.18	165.59	57.09	58.61	61.67
Property, Plant & Equipment	388.61	329.43	0.23	0.33	2.1
Long-Term Investments	-	-	155.98	120.96	72.43
Other Long-Term Assets	8.26	5.34	-	-	-
Total Assets	599.05	500.35	213.3	179.89	136.2
Accounts Payable	22.23	10.57	11.67	4.19	2.13
Accrued Expenses	64.83	44.49	0.2	0.14	0.41
Current Portion of Leases	16.81	15.94	0.13	0.11	0.11
Current Income Taxes Payable	4.17	-	-	-	-
Current Unearned Revenue	28.24	23.54	-	-	-
Other Current Liabilities	84.31	16.28	-	1.36	-
Total Current Liabilities	220.58	110.82	11.99	5.8	2.64
Long-Term Leases	20.27	22.94	0.08	0.2	0.31
Long-Term Deferred Tax Liabilities	23.02	-	-	-	-
Other Long-Term Liabilities	113.52	118.83	0.32	0.2	0.48
Total Liabilities	377.39	252.58	12.38	6.2	3.43
Common Stock	619.31	616.2	579.62	579.59	579.59
Retained Earnings	-454.99	-425.7	-431.81	-457.9	-498.71
Comprehensive Income & Other	54.53	52.95	53.11	52	51.88
Total Common Equity	218.86	243.46	200.92	173.69	132.76
Minority Interest	2.8	4.31	-	-	-
Shareholders' Equity	221.66	247.77	200.92	173.69	132.76
Total Liabilities & Equity	599.05	500.35	213.3	179.89	136.2
Total Debt	37.08	38.87	0.2	0.31	0.42
Net Cash (Debt)	75.78	68.41	55.07	55.8	53.1
Net Cash Growth	10.77%	24.23%	-1.31%	5.08%	-13.85%
Net Cash Per Share	0.29	0.27	0.24	0.25	0.24
Filing Date Shares Outstanding	259.79	257.16	225	224.94	224.94
Total Common Shares Outstanding	259.79	257.08	224.97	224.94	224.94
Working Capital	-18.4	54.77	45.11	52.8	59.03
Book Value Per Share	0.84	0.95	0.89	0.77	0.59
Tangible Book Value	218.86	243.46	200.92	173.69	132.76
Tangible Book Value Per Share	0.84	0.95	0.89	0.77	0.59
Machinery	204.94	195	-	-	-
Construction In Progress	1.93	1.78	-	-	-

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