Gold Reserve Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	51.88	42.82	8.53	15.38	49.12	57.42	Upgrade
Short-Term Investments	14.93	34.17	29.36	27.5	-	-	Upgrade
Trading Asset Securities	1.9	1.42	1.18	0.1	0.11	0.08	Upgrade
Cash & Short-Term Investments	68.72	78.42	39.07	42.98	49.22	57.5	Upgrade
Cash Growth	37.19%	100.74%	-9.10%	-12.69%	-14.39%	-7.26%	Upgrade
Other Receivables	-	-	-	8.09	8.68	8.68	Upgrade
Receivables	-	-	-	8.09	8.68	8.68	Upgrade
Prepaid Expenses	0.94	0.26	0.29	0.46	0.51	0.57	Upgrade
Total Current Assets	69.66	78.68	39.36	51.53	58.41	66.76	Upgrade
Property, Plant & Equipment	0.65	0.36	0.38	1.42	2.23	2.68	Upgrade
Total Assets	70.31	79.04	39.74	52.94	60.64	69.44	Upgrade
Accounts Payable	5.9	2.32	0.71	0.65	0.47	0.78	Upgrade
Accrued Expenses	-	1	0.74	0.53	-	-	Upgrade
Current Portion of Leases	0.11	-	-	-	0.08	0.09	Upgrade
Current Income Taxes Payable	11.1	10.62	9.71	-	-	-	Upgrade
Other Current Liabilities	-	-	-	0.17	0.06	0.06	Upgrade
Total Current Liabilities	17.11	13.94	11.16	1.35	0.61	0.93	Upgrade
Long-Term Leases	0.12	-	-	-	-	0.08	Upgrade
Total Liabilities	17.23	13.94	11.16	1.35	0.61	1.01	Upgrade
Common Stock	1.13	1.13	302.68	302.68	302.68	302.47	Upgrade
Additional Paid-In Capital	372.53	372.35	20.63	20.63	20.63	20.63	Upgrade
Retained Earnings	-346.24	-333.58	-318.39	-295.27	-286.68	-276.08	Upgrade
Comprehensive Income & Other	25.66	25.2	23.66	23.56	23.4	21.41	Upgrade
Shareholders' Equity	53.08	65.1	28.58	51.59	60.03	68.42	Upgrade
Total Liabilities & Equity	70.31	79.04	39.74	52.94	60.64	69.44	Upgrade
Total Debt	0.23	-	-	-	0.08	0.17	Upgrade
Net Cash (Debt)	68.49	78.42	39.07	42.98	49.15	57.33	Upgrade
Net Cash Growth	36.74%	100.74%	-9.10%	-12.55%	-14.27%	-7.15%	Upgrade
Net Cash Per Share	0.61	0.74	0.39	0.43	0.49	0.58	Upgrade
Filing Date Shares Outstanding	113.04	113.04	99.67	99.55	99.55	99.4	Upgrade
Total Common Shares Outstanding	113.04	113.04	99.55	99.55	99.55	99.4	Upgrade
Working Capital	52.55	64.73	28.19	50.18	57.8	65.82	Upgrade
Book Value Per Share	0.47	0.58	0.29	0.52	0.60	0.69	Upgrade
Tangible Book Value	53.08	65.1	28.58	51.59	60.03	68.42	Upgrade
Tangible Book Value Per Share	0.47	0.58	0.29	0.52	0.60	0.69	Upgrade
Machinery	0.04	0.33	0.75	1.72	2.35	2.61	Upgrade
Leasehold Improvements	-	0.03	0.03	0.03	0.03	0.03	Upgrade

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