Gold Reserve 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	68.93	42.82	8.53	15.38	49.12
Short-Term Investments	7.4	34.17	29.36	27.5	-
Trading Asset Securities	1.7	1.42	1.18	0.1	0.11
Cash & Short-Term Investments	78.03	78.42	39.07	42.98	49.22
Cash Growth	-0.50%	100.74%	-9.10%	-12.69%	-14.39%
Other Receivables	-	-	-	8.09	8.68
Receivables	-	-	-	8.09	8.68
Prepaid Expenses	0.24	0.26	0.29	0.46	0.51
Total Current Assets	78.27	78.68	39.36	51.53	58.41
Property, Plant & Equipment	0.56	0.36	0.38	1.42	2.23
Total Assets	78.83	79.04	39.74	52.94	60.64
Accounts Payable	6.97	2.32	0.71	0.65	0.47
Accrued Expenses	-	1	0.74	0.53	-
Current Portion of Leases	0.17	-	-	-	0.08
Current Income Taxes Payable	11.62	10.62	9.71	-	-
Other Current Liabilities	-	-	-	0.17	0.06
Total Current Liabilities	18.75	13.94	11.16	1.35	0.61
Long-Term Leases	0.01	-	-	-	-
Total Liabilities	18.77	13.94	11.16	1.35	0.61
Common Stock	1.23	1.13	302.68	302.68	302.68
Additional Paid-In Capital	401	372.35	20.63	20.63	20.63
Retained Earnings	-367.86	-333.58	-318.39	-295.27	-286.68
Comprehensive Income & Other	25.69	25.2	23.66	23.56	23.4
Shareholders' Equity	60.06	65.1	28.58	51.59	60.03
Total Liabilities & Equity	78.83	79.04	39.74	52.94	60.64
Total Debt	0.18	-	-	-	0.08
Net Cash (Debt)	77.85	78.42	39.07	42.98	49.15
Net Cash Growth	-0.73%	100.74%	-9.10%	-12.55%	-14.27%
Net Cash Per Share	0.66	0.74	0.39	0.43	0.49
Filing Date Shares Outstanding	147.72	113.04	99.67	99.55	99.55
Total Common Shares Outstanding	122.71	113.04	99.55	99.55	99.55
Working Capital	59.51	64.73	28.19	50.18	57.8
Book Value Per Share	0.49	0.58	0.29	0.52	0.60
Tangible Book Value	60.06	65.1	28.58	51.59	60.03
Tangible Book Value Per Share	0.49	0.58	0.29	0.52	0.60
Machinery	0.03	0.33	0.75	1.72	2.35
Leasehold Improvements	-	0.03	0.03	0.03	0.03

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