Ivanhoe Mines 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	784.54	117.34	574.29	597.45	608.18
Short-Term Investments	100.71	-	-	-	-
Cash & Short-Term Investments	885.25	117.34	574.29	597.45	608.18
Cash Growth	654.41%	-79.57%	-3.88%	-1.76%	131.14%
Accounts Receivable	120.05	41.62	-	-	-
Other Receivables	-	0.11	23.03	16.11	10.91
Receivables	165.44	76.56	23.03	35.74	72.62
Inventory	66.35	85.74	1.52	1.01	1
Prepaid Expenses	18.09	19	-	-	-
Other Current Assets	-	-	49.99	28.47	4.95
Total Current Assets	1,135	298.64	648.83	662.66	686.74
Property, Plant & Equipment	2,447	1,967	1,424	902.83	742.3
Long-Term Investments	3,656	3,115	2,602	2,057	1,644
Other Intangible Assets	29.74	9.96	4.24	-	-
Long-Term Accounts Receivable	98.05	54.37	-	-	-
Long-Term Deferred Tax Assets	209.94	242.72	223.63	208.36	73.16
Other Long-Term Assets	17.91	8.96	25.15	19.51	3.93
Total Assets	7,626	5,738	5,000	3,969	3,218
Accounts Payable	41.08	55.51	47.59	38.43	11.94
Accrued Expenses	65.4	73.5	56.67	24.61	16.2
Short-Term Debt	201.53	-	80.55	-	-
Current Portion of Long-Term Debt	140.93	97.48	499.09	3.03	3.03
Current Portion of Leases	0.84	0.73	0.68	0.55	0.73
Current Income Taxes Payable	1.6	-	-	-	-
Current Unearned Revenue	12.82	1	-	-	-
Other Current Liabilities	44.55	10.35	312.7	0.63	0.06
Total Current Liabilities	508.75	238.56	997.28	67.24	31.96
Long-Term Debt	913.75	260.95	56.34	506.24	475.63
Long-Term Leases	9.67	10.04	10.77	10.76	11.24
Long-Term Unearned Revenue	434.84	359.72	328.1	310.73	69.56
Long-Term Deferred Tax Liabilities	-	-	2.49	1.78	-
Other Long-Term Liabilities	33.74	32.65	24.34	231.42	252.82
Total Liabilities	1,901	901.91	1,419	1,128	841.21
Common Stock	4,442	3,859	2,790	2,347	2,316
Retained Earnings	1,309	1,047	819.25	509.8	98.94
Comprehensive Income & Other	153.64	83.22	89.09	77.71	78.59
Total Common Equity	5,905	4,989	3,698	2,935	2,494
Minority Interest	-179.48	-153.56	-117.53	-93.49	-116.82
Shareholders' Equity	5,725	4,836	3,581	2,841	2,377
Total Liabilities & Equity	7,626	5,738	5,000	3,969	3,218
Total Debt	1,267	369.19	647.42	520.58	490.63
Net Cash (Debt)	-381.47	-251.85	-73.13	76.88	117.54
Net Cash Growth	-	-	-	-34.60%	-44.62%
Net Cash Per Share	-0.28	-0.19	-0.06	0.06	0.10
Filing Date Shares Outstanding	1,426	1,353	1,269	1,217	1,211
Total Common Shares Outstanding	1,425	1,352	1,269	1,217	1,210
Working Capital	626.38	60.08	-348.45	595.42	654.78
Book Value Per Share	4.14	3.69	2.92	2.41	2.06
Tangible Book Value	5,875	4,979	3,694	2,935	2,494
Tangible Book Value Per Share	4.12	3.68	2.91	2.41	2.06
Land	1.65	1.49	1.55	1.69	1.84
Buildings	70.44	42.8	15.6	14.83	15.11
Machinery	359.05	323.39	113.52	71.27	60.08
Construction In Progress	1,272	882.11	948.88	450.41	420.11

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