Arianne Phosphate 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	2.73	4.48	3.25	3.25	5.03	0.63
Cash & Short-Term Investments	2.73	4.48	3.25	3.25	5.03	0.63
Cash Growth	91.05%	38.03%	-0.29%	-35.25%	699.36%	76.81%
Other Receivables	0.29	0.23	0.25	0.3	0.22	0.31
Receivables	0.29	0.23	0.25	0.3	0.22	0.31
Total Current Assets	3.03	4.71	3.49	3.55	5.24	0.94
Property, Plant & Equipment	63.29	63.21	63.1	62.74	62.28	63.59
Other Long-Term Assets	0.18	0.19	0.2	0.34	0.33	0.28
Total Assets	66.5	68.11	66.8	66.63	67.85	64.81
Accounts Payable	0.36	0.25	0.24	0.29	0.21	1.08
Current Portion of Long-Term Debt	42.12	5.01	1.84	1.71	2.16	36.45
Current Portion of Leases	0.02	0.02	0.02	0.06	0.07	0.07
Other Current Liabilities	0	-	0	0.02	0.01	0.05
Total Current Liabilities	42.5	5.29	2.11	2.07	2.44	37.65
Long-Term Debt	-	29.54	22.29	24.11	18.67	0.04
Long-Term Leases	0.06	0.08	0.11	0.01	0.04	0.08
Long-Term Deferred Tax Liabilities	3.7	3.7	3.71	3.91	3.82	3.16
Total Liabilities	46.27	38.62	28.23	30.09	24.97	40.93
Common Stock	93.93	92.26	90.62	88.14	85.74	64.35
Additional Paid-In Capital	18.58	18.44	17.94	16.68	16.08	15.23
Retained Earnings	-100.75	-89.62	-78.61	-77.85	-68.74	-56.84
Comprehensive Income & Other	8.47	8.42	8.62	9.56	9.8	1.13
Shareholders' Equity	20.23	29.49	38.57	36.53	42.88	23.88
Total Liabilities & Equity	66.5	68.11	66.8	66.63	67.85	64.81
Total Debt	42.2	34.66	24.27	25.89	20.94	36.64
Net Cash (Debt)	-39.47	-30.18	-21.02	-22.63	-15.92	-36.01
Net Cash Per Share	-0.19	-0.15	-0.11	-0.12	-0.09	-0.30
Filing Date Shares Outstanding	213.71	213.71	202.89	194.28	185.48	123.2
Total Common Shares Outstanding	213.71	202.89	196.81	190.19	185.46	123.2
Working Capital	-39.47	-0.58	1.38	1.48	2.8	-36.71
Book Value Per Share	0.09	0.15	0.20	0.19	0.23	0.19
Tangible Book Value	20.23	29.49	38.57	36.53	42.88	23.88
Tangible Book Value Per Share	0.09	0.15	0.20	0.19	0.23	0.19
Land	1.1	1.1	1.1	1.1	1.1	1.43
Machinery	0.08	0.08	0.07	0.06	0.09	0.05
Leasehold Improvements	-	-	-	0.29	0.29	0.29

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