Avalon Advanced Materials Balance Sheet

Financials in millions CAD. Fiscal year is September - August.

Millions CAD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Cash & Equivalents	15.58	1.45	0.71	2.58	3.03	1.82
Cash & Short-Term Investments	15.58	1.45	0.71	2.58	3.03	1.82
Cash Growth	398.21%	104.11%	-72.41%	-14.84%	66.28%	40.73%
Other Receivables	0.24	0.08	0.05	0.15	0.05	0.12
Receivables	0.24	0.08	0.05	0.15	0.05	0.12
Prepaid Expenses	0.2	0.22	0.13	0.36	0.98	0.59
Other Current Assets	-	-	-	16.9	-	-
Total Current Assets	16.01	1.75	0.89	19.99	4.06	2.53
Property, Plant & Equipment	112.34	112.05	111.89	111.06	116.39	115.93
Long-Term Investments	22.65	22.67	22.71	-	-	-
Long-Term Deferred Charges	-	0.73	0.89	-	-	-
Total Assets	150.99	137.21	136.38	131.05	120.45	118.47
Accounts Payable	0.68	0.46	0.46	0.46	0.19	0.14
Accrued Expenses	0.97	0.92	1.04	0.67	0.41	0.49
Short-Term Debt	-	2.72	2.97	-	-	-
Current Portion of Long-Term Debt	7.29	-	3.24	-	0.46	-
Current Portion of Leases	0.2	0.2	0.14	0.22	0.21	0.19
Current Unearned Revenue	0.62	-	-	0.01	0.18	0.04
Other Current Liabilities	0.03	0	0	-	-	-
Total Current Liabilities	9.78	4.29	7.84	1.36	1.45	0.86
Long-Term Debt	-	7.17	-	3.01	3.6	2.99
Long-Term Leases	0.46	0.51	0.71	0.06	0.29	0.5
Other Long-Term Liabilities	0.2	0.2	0.2	0.48	0.8	0.5
Total Liabilities	10.44	12.18	8.76	4.91	6.14	4.84
Common Stock	217.16	203.88	201.5	200.59	185.99	181.92
Retained Earnings	-105.62	-103.63	-98.44	-97.8	-94.49	-90.54
Comprehensive Income & Other	29.01	24.78	24.56	23.35	22.81	22.25
Shareholders' Equity	140.55	125.03	127.62	126.14	114.31	113.63
Total Liabilities & Equity	150.99	137.21	136.38	131.05	120.45	118.47
Total Debt	7.95	10.6	7.05	3.3	4.56	3.68
Net Cash (Debt)	7.62	-9.14	-6.34	-0.71	-1.52	-1.86
Net Cash Per Share	0.01	-0.01	-0.01	-0.00	-0.00	-0.01
Filing Date Shares Outstanding	834.87	834.64	590.01	560.37	417.47	371.23
Total Common Shares Outstanding	834.64	644.49	571.79	560.37	406.95	365.34
Working Capital	6.23	-2.54	-6.95	18.63	2.61	1.68
Book Value Per Share	0.17	0.19	0.22	0.23	0.28	0.31
Tangible Book Value	140.55	125.03	127.62	126.14	114.31	113.63
Tangible Book Value Per Share	0.17	0.19	0.22	0.23	0.28	0.31
Land	7.81	7.81	7.81	7.83	0.09	0.09
Buildings	1.16	1.16	1.16	1.22	1.24	1.24
Machinery	0.26	0.26	0.26	0.34	0.69	0.7
Construction In Progress	102.44	102.1	101.67	101.62	101.59	101.55
Leasehold Improvements	0.18	0.18	0.18	0.11	0.11	0.11

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