Australian Vanadium Balance Sheet

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	18.11	11.49	36.42	26.87	26.44	3.5
Cash & Short-Term Investments	18.11	11.49	36.42	26.87	26.44	3.5
Cash Growth	-21.53%	-68.45%	35.52%	1.63%	656.49%	-36.92%
Accounts Receivable	0.6	0.76	0.52	1.67	0.29	0.08
Other Receivables	-	-	-	-	0.76	0.49
Receivables	0.6	0.76	0.52	1.67	1.05	0.57
Inventory	0.39	0.38	0.75	0.18	-	-
Prepaid Expenses	-	-	-	-	0.21	-
Total Current Assets	19.1	12.63	37.69	28.73	27.71	4.06
Property, Plant & Equipment	129.46	130.64	132.55	48.4	36.28	28.82
Long-Term Investments	0.07	0.22	0.09	0.3	0.34	0.66
Total Assets	148.64	143.5	170.33	77.43	64.33	33.55
Accounts Payable	1.04	1.67	2.45	4.03	0.88	1.87
Accrued Expenses	-	4.55	5.33	0.47	0.02	0.12
Current Portion of Leases	0.55	0.51	0.34	0.34	0.03	0.04
Current Unearned Revenue	4.39	4.16	18.13	9.96	2.58	-
Other Current Liabilities	0.39	0.49	0.84	0.48	0.15	-
Total Current Liabilities	6.37	11.37	27.09	15.27	3.66	2.04
Long-Term Leases	1.74	2.03	1.71	1.54	-	0.03
Other Long-Term Liabilities	0.24	0.23	0.59	0.13	0.13	0.08
Total Liabilities	19.88	13.62	29.39	16.94	3.8	2.16
Common Stock	236.85	236.4	235.96	140.09	131.52	96.52
Retained Earnings	-105.56	-101.81	-90.13	-74.93	-67.69	-62.65
Comprehensive Income & Other	-2.54	-4.71	-4.88	-4.67	-3.3	-2.47
Shareholders' Equity	128.76	129.88	140.95	60.49	60.53	31.4
Total Liabilities & Equity	148.64	143.5	170.33	77.43	64.33	33.55
Total Debt	13.82	2.53	2.05	1.87	0.03	0.08
Net Cash (Debt)	4.29	8.96	34.37	25	26.41	3.42
Net Cash Growth	-78.90%	-73.94%	37.46%	-5.33%	672.63%	-36.29%
Net Cash Per Share	0.01	0.03	0.14	0.15	0.20	0.03
Filing Date Shares Outstanding	346.78	345.39	345.15	174.63	158.96	131.23
Total Common Shares Outstanding	346.78	345.39	344.42	174.6	157.63	117.25
Working Capital	12.74	1.27	10.6	13.46	24.04	2.02
Book Value Per Share	0.37	0.38	0.41	0.35	0.38	0.27
Tangible Book Value	128.76	129.88	140.95	60.49	60.53	31.4
Tangible Book Value Per Share	0.37	0.38	0.41	0.35	0.38	0.27
Machinery	5.18	5.19	5.1	0.8	0.82	0.51
Construction In Progress	0.48	0.45	0.32	1.43	0.12	-

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