Military Metals Balance Sheet

Financials in millions CAD. Fiscal year is September - August.

Millions CAD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Cash & Equivalents	2.58	1.61	3.02	0.01	1.62	1.91
Cash & Short-Term Investments	2.58	1.61	3.02	0.01	1.62	1.91
Cash Growth	-7.54%	-46.82%	36054.95%	-99.48%	-14.96%	-
Accounts Receivable	-	-	-	-	-	0.02
Other Receivables	0.09	0.08	0.03	0.01	0.27	-
Receivables	0.09	0.08	0.03	0.01	0.27	0.02
Prepaid Expenses	0.11	0.05	-	-	0.52	0.22
Total Current Assets	2.78	1.73	3.05	0.02	2.42	2.15
Property, Plant & Equipment	9.7	9.7	0.6	-	-	-
Goodwill	-	-	-	-	0.28	-
Other Intangible Assets	-	-	-	-	0.32	-
Long-Term Deferred Charges	-	-	-	-	0	-
Total Assets	12.49	11.44	3.65	0.02	3.02	2.15
Accounts Payable	0.32	0.22	0.18	0.22	0.46	0.14
Accrued Expenses	0.01	0.01	0.21	0.19	0.02	0.01
Short-Term Debt	-	-	0.45	0.14	0.04	-
Other Current Liabilities	-	-	-	-	0.19	-
Total Current Liabilities	0.33	0.23	0.84	0.55	0.71	0.14
Long-Term Deferred Tax Liabilities	-	-	-	-	0.03	-
Other Long-Term Liabilities	-	-	-	-	0.03	-
Total Liabilities	0.33	0.23	0.84	0.55	0.77	0.14
Common Stock	23.96	23.57	10.77	6.96	6.96	3.68
Retained Earnings	-15.99	-14.84	-8.17	-8.26	-5.08	-2.01
Comprehensive Income & Other	4.19	2.48	0.22	0.77	0.37	0.34
Shareholders' Equity	12.16	11.21	2.82	-0.53	2.25	2
Total Liabilities & Equity	12.49	11.44	3.65	0.02	3.02	2.15
Total Debt	-	-	0.45	0.14	0.04	-
Net Cash (Debt)	2.58	1.61	2.57	-0.13	1.59	1.91
Net Cash Growth	-7.54%	-37.40%	-	-	-16.86%	-
Net Cash Per Share	0.04	0.03	0.18	-0.01	0.19	0.73
Filing Date Shares Outstanding	77.33	77.18	59.93	9.52	9.52	7.94
Total Common Shares Outstanding	68.85	67	31.34	9.52	9.52	7.65
Working Capital	2.45	1.5	2.22	-0.53	1.71	2
Book Value Per Share	0.18	0.17	0.09	-0.06	0.24	0.26
Tangible Book Value	12.16	11.21	2.82	-0.53	1.65	2
Tangible Book Value Per Share	0.18	0.17	0.09	-0.06	0.17	0.26

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