Adriatic Metals Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	20.7	44.86	60.59	112.51	40.39
Cash & Short-Term Investments	20.7	44.86	60.59	112.51	40.39
Cash Growth	-53.86%	-25.96%	-46.15%	178.58%	191.64%
Accounts Receivable	1.4	-	-	-	-
Other Receivables	5.33	6.53	1.71	1.05	0.71
Receivables	6.73	6.53	1.71	1.05	0.71
Inventory	16.77	1.55	-	-	-
Prepaid Expenses	1.96	0.49	17.12	0.61	0.19
Other Current Assets	4.71	6.2	-	0.56	-
Total Current Assets	50.86	59.62	79.42	114.73	41.28
Property, Plant & Equipment	294.42	232.54	95.31	62.51	51.45
Long-Term Deferred Tax Assets	4.86	-	-	-	-
Long-Term Deferred Charges	1.57	1.68	-	-	-
Total Assets	351.72	293.84	174.73	177.24	92.73
Accounts Payable	14.63	13.72	2.59	0.53	1.67
Accrued Expenses	19.52	8.65	2.62	2.77	0.87
Short-Term Debt	-	-	-	-	0.14
Current Portion of Long-Term Debt	79.99	47.37	-	-	-
Current Portion of Leases	3.57	1.5	2.38	0.14	0.05
Current Unearned Revenue	1.93	-	-	1.16	-
Other Current Liabilities	1.27	10.45	0.14	1.02	3.49
Total Current Liabilities	120.9	81.68	7.72	5.62	6.22
Long-Term Debt	105.51	93.43	42.5	16.07	15.82
Long-Term Leases	1.54	6.64	5.81	0.63	0.3
Other Long-Term Liabilities	5.4	3.67	10.8	2.5	4.16
Total Liabilities	233.35	185.42	66.83	24.82	26.5
Common Stock	6.25	5.71	5.38	5.28	3.78
Additional Paid-In Capital	243.45	174.15	143.83	143.26	47.13
Retained Earnings	-162.14	-102.59	-73.75	-28.74	-19.52
Comprehensive Income & Other	30.81	31.14	32.44	32.61	32.11
Total Common Equity	118.37	108.42	107.9	152.42	63.5
Minority Interest	-	-	-	-	2.73
Shareholders' Equity	118.37	108.42	107.9	152.42	66.23
Total Liabilities & Equity	351.72	293.84	174.73	177.24	92.73
Total Debt	190.61	148.94	50.68	16.84	16.32
Net Cash (Debt)	-169.91	-104.08	9.9	95.67	24.07
Net Cash Growth	-	-	-89.65%	297.47%	78.04%
Net Cash Per Share	-0.54	-0.37	0.04	0.43	0.13
Filing Date Shares Outstanding	345.3	306.22	273.86	266.38	208.98
Total Common Shares Outstanding	324.48	292.73	272.75	266.07	207.58
Working Capital	-70.04	-22.06	71.69	109.1	35.06
Book Value Per Share	0.36	0.37	0.40	0.57	0.31
Tangible Book Value	118.37	108.42	107.9	152.42	63.5
Tangible Book Value Per Share	0.36	0.37	0.40	0.57	0.31
Land	9.16	5.61	4.78	1.11	1.03
Machinery	19.5	4.09	2.03	0.85	0.52

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