Velocity 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	2.88	1.23	3.15	1.07	4.68	10.54
Cash & Short-Term Investments	2.88	1.23	3.15	1.07	4.68	10.54
Cash Growth	109.51%	-60.87%	195.47%	-77.17%	-55.65%	227.71%
Accounts Receivable	-	0.07	0.19	0.04	0	0.08
Other Receivables	0.47	0.04	0.17	0.27	0.3	0.19
Receivables	0.47	0.11	0.36	0.32	0.3	0.26
Prepaid Expenses	0.05	0.06	0.05	0.05	0.05	0.15
Total Current Assets	3.4	1.41	3.56	1.44	5.03	10.96
Property, Plant & Equipment	26.21	26.96	26.27	25.02	23.45	18.05
Long-Term Accounts Receivable	-	-	0.03	0.05	-	-
Total Assets	52.73	28.37	29.86	26.51	28.48	29.01
Accounts Payable	1.14	0.56	0.54	0.35	0.35	0.8
Accrued Expenses	-	-	-	-	0.02	0.11
Current Portion of Leases	0.01	0.06	0.09	0.11	0.06	0.03
Current Income Taxes Payable	-	0.26	-	-	-	-
Other Current Liabilities	2.48	-	0.27	-	-	-
Total Current Liabilities	3.63	0.88	0.91	0.46	0.43	0.93
Long-Term Debt	-	-	-	-	-	4.21
Long-Term Leases	0.01	0.01	0.07	0.16	0.04	0.04
Total Liabilities	26.61	0.89	0.98	0.62	0.47	5.18
Common Stock	44.74	44.73	44.58	40.31	40.31	33.74
Retained Earnings	-26.43	-24.84	-22.94	-21.13	-18.47	-15.98
Comprehensive Income & Other	3.01	2.79	2.51	2.08	1.71	2.71
Total Common Equity	21.33	22.68	24.15	21.26	23.55	20.46
Minority Interest	4.79	4.79	4.74	4.63	4.46	3.37
Shareholders' Equity	26.12	27.47	28.89	25.89	28.01	23.83
Total Liabilities & Equity	52.73	28.37	29.86	26.51	28.48	29.01
Total Debt	0.02	0.07	0.17	0.27	0.11	4.28
Net Cash (Debt)	2.87	1.16	2.99	0.8	4.57	6.27
Net Cash Growth	126.06%	-61.04%	272.42%	-82.44%	-27.05%	-
Net Cash Per Share	0.01	0.01	0.02	0.01	0.03	0.05
Filing Date Shares Outstanding	197.22	197.22	196.2	171.61	160.28	157.92
Total Common Shares Outstanding	197.22	197.18	195.95	160.28	160.28	135.37
Working Capital	-0.23	0.52	2.66	0.97	4.6	10.03
Book Value Per Share	0.11	0.12	0.12	0.13	0.15	0.15
Tangible Book Value	21.33	22.68	24.15	21.26	23.55	20.46
Tangible Book Value Per Share	0.11	0.12	0.12	0.13	0.15	0.15
Machinery	-	0.48	0.48	0.25	0.2	0.14

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