Defense Metals Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	3.16	0.7	0.92	1.76	0.72	0.85
Cash & Short-Term Investments	3.16	0.7	0.92	1.76	0.72	0.85
Cash Growth	42.22%	-24.10%	-48.03%	143.17%	-14.67%	411.16%
Other Receivables	0.03	0.13	0.13	0.19	0.21	0.3
Receivables	0.03	0.13	0.13	0.19	0.21	0.3
Prepaid Expenses	0.01	0.05	0.13	0.09	0.05	0.03
Total Current Assets	3.24	0.88	1.17	2.05	0.98	1.18
Property, Plant & Equipment	45.58	44.73	40.81	30.28	24.14	2.96
Other Long-Term Assets	0.07	0.07	0.67	0.42	0.15	-
Total Assets	48.88	45.68	42.65	32.74	25.26	4.14
Accounts Payable	0.98	2.43	0.79	0.28	0.22	0.07
Accrued Expenses	0.38	0.65	0.01	-	0	0
Short-Term Debt	-	3.45	-	-	-	-
Current Portion of Leases	0.04	0.06	-	-	-	-
Current Unearned Revenue	-	-	-	0.37	-	-
Other Current Liabilities	0.15	1.79	-	-	0.44	0.26
Total Current Liabilities	1.55	8.38	0.81	0.66	0.67	0.33
Long-Term Leases	-	0.01	-	-	-	-
Total Liabilities	1.55	8.39	0.81	0.66	0.67	0.33
Common Stock	62.76	51.9	51.63	39.96	30.27	8.51
Retained Earnings	-22.14	-21.16	-15.4	-12.64	-9.93	-6.15
Comprehensive Income & Other	6.71	6.56	5.6	4.77	4.25	1.45
Shareholders' Equity	47.33	37.3	41.84	32.09	24.59	3.81
Total Liabilities & Equity	48.88	45.68	42.65	32.74	25.26	4.14
Total Debt	0.04	3.52	-	-	-	-
Net Cash (Debt)	3.13	-2.82	0.92	1.76	0.72	0.85
Net Cash Growth	-	-	-48.03%	143.17%	-14.67%	411.16%
Net Cash Per Share	0.01	-0.01	0.00	0.01	0.01	0.02
Filing Date Shares Outstanding	392.23	330.47	258.62	255.78	183.37	80.34
Total Common Shares Outstanding	336.06	260.71	258.62	207.7	161.32	64.65
Working Capital	1.69	-7.5	0.36	1.39	0.31	0.86
Book Value Per Share	0.14	0.14	0.16	0.15	0.15	0.06
Tangible Book Value	47.33	37.3	41.84	32.09	24.59	3.81
Tangible Book Value Per Share	0.14	0.14	0.16	0.15	0.15	0.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.