Ferro-Alloy Resources 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	1.68	3.78	1.95	4.33	2.81
Cash & Short-Term Investments	1.68	3.78	1.95	4.33	2.81
Cash Growth	-55.41%	93.49%	-54.93%	54.13%	297.45%
Accounts Receivable	1.31	0.26	0.2	0.03	0.03
Other Receivables	-	0.98	1.12	1.12	0.09
Receivables	1.31	1.24	1.32	1.15	0.12
Inventory	1.32	1.73	2.75	2.54	2.77
Prepaid Expenses	0.93	-	-	-	-
Total Current Assets	5.24	6.74	6.01	8.02	5.7
Property, Plant & Equipment	14.09	11.53	13.1	9.64	6.3
Other Intangible Assets	0.02	0.02	0.02	0.02	0.02
Other Long-Term Assets	-	0.97	0.89	1.27	0.93
Total Assets	19.34	19.26	20.02	18.96	12.94
Accounts Payable	4.09	1.27	1.78	1.89	0.63
Accrued Expenses	12.87	0.62	0.41	0.33	0.1
Current Portion of Long-Term Debt	-	-	-	1.11	0.49
Current Income Taxes Payable	-	0.31	0.07	0.17	0.12
Current Unearned Revenue	-	0.1	0.1	-	-
Other Current Liabilities	-	0.07	0.02	0.01	0.01
Total Current Liabilities	16.96	2.38	2.38	3.51	1.34
Long-Term Debt	5	17.13	7.39	-	0.9
Long-Term Leases	0.09	-	-	-	-
Other Long-Term Liabilities	0.03	0.02	0.03	0.03	0.04
Total Liabilities	22.07	19.54	9.8	3.54	2.28
Common Stock	61.21	55.03	55.03	50.83	41.25
Additional Paid-In Capital	0.4	0.4	0.4	0.4	0.4
Retained Earnings	-58.95	-50.54	-41.11	-35.67	-31.39
Comprehensive Income & Other	-5.39	-5.16	-4.1	-0.14	0.4
Shareholders' Equity	-2.73	-0.27	10.22	15.41	10.66
Total Liabilities & Equity	19.34	19.26	20.02	18.96	12.94
Total Debt	5.09	17.13	7.39	1.11	1.39
Net Cash (Debt)	-3.4	-13.36	-5.44	3.22	1.42
Net Cash Growth	-	-	-	126.97%	-
Net Cash Per Share	-0.01	-0.03	-0.01	0.01	0.00
Filing Date Shares Outstanding	499.46	483.22	483.22	449.7	377.68
Total Common Shares Outstanding	499.46	483.22	483.22	449.7	377.68
Working Capital	-11.72	4.36	3.64	4.51	4.36
Book Value Per Share	-0.01	-0.00	0.02	0.03	0.03
Tangible Book Value	-2.75	-0.29	10.2	15.39	10.64
Tangible Book Value Per Share	-0.01	-0.00	0.02	0.03	0.03
Land	-	4.41	5.02	1.96	2.06
Machinery	-	3.94	4.39	3.22	3.19
Construction In Progress	-	0.07	0.24	3.45	2.63

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