Amaroq Balance Sheet

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

Millions CAD. 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	21.55	45.19	21.01	50.14	27.32
Cash & Short-Term Investments	21.55	45.19	21.01	50.14	27.32
Cash Growth	-52.32%	115.06%	-58.09%	83.49%	-55.84%
Accounts Receivable	0.03	-	-	-	-
Other Receivables	9.23	0.28	0.07	0.1	0.05
Receivables	9.26	0.28	0.07	0.1	0.05
Inventory	25.61	10.18	0.68	-	-
Prepaid Expenses	1.43	1.11	1.12	0.29	0.27
Other Current Assets	9.31	9.12	17.85	0.16	-
Total Current Assets	67.15	65.88	40.73	50.68	27.64
Property, Plant & Equipment	265.39	161.52	38.87	13.96	14.7
Long-Term Investments	12.78	14.9	23.49	-	-
Other Long-Term Assets	9.21	13.68	4.15	0.46	0.43
Total Assets	354.52	255.98	107.24	65.1	42.78
Accounts Payable	19.92	17.18	6.2	1.14	2.05
Accrued Expenses	0.09	0.71	0.3	-	-
Short-Term Debt	-	28.62	35.74	-	-
Current Portion of Leases	0.19	0.12	0.08	0.07	0.05
Other Current Liabilities	0.34	0.35	0.06	-	-
Total Current Liabilities	20.55	46.97	42.38	1.21	2.1
Long-Term Debt	42.23	-	-	-	-
Long-Term Leases	0.12	0.59	0.58	0.66	0.71
Other Long-Term Liabilities	11.51	7.25	-	-	-
Total Liabilities	74.41	54.82	42.96	1.87	2.81
Common Stock	388.68	291.17	132.12	131.71	88.5
Additional Paid-In Capital	8.06	8.01	6.73	5.25	3.3
Retained Earnings	-116.59	-97.98	-74.53	-73.69	-51.8
Comprehensive Income & Other	-0.04	-0.04	-0.04	-0.04	-0.04
Shareholders' Equity	280.11	201.16	64.28	63.23	39.97
Total Liabilities & Equity	354.52	255.98	107.24	65.1	42.78
Total Debt	42.54	29.33	36.4	0.73	0.76
Net Cash (Debt)	-20.99	15.86	-15.39	49.41	26.56
Net Cash Growth	-	-	-	86.02%	-56.49%
Net Cash Per Share	-0.05	0.05	-0.06	0.26	0.15
Filing Date Shares Outstanding	463.65	397.7	326.46	263.07	177.1
Total Common Shares Outstanding	463.65	397.7	263.67	263.07	177.1
Working Capital	46.6	18.9	-1.65	49.47	25.54
Book Value Per Share	0.60	0.51	0.24	0.24	0.23
Tangible Book Value	280.11	201.16	64.28	63.23	39.97
Tangible Book Value Per Share	0.60	0.51	0.24	0.24	0.23
Machinery	15.08	8.78	7.05	7.13	7.29
Construction In Progress	241.76	154.92	33.28	7.52	7.45

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