Nano One Materials Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 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
Cash & Equivalents	17.79	7.16	31.87	39.45	52.65	27.75
Short-Term Investments	-	-	-	-	-	1.01
Cash & Short-Term Investments	17.79	7.16	31.87	39.45	52.65	28.76
Cash Growth	32.14%	-77.53%	-19.21%	-25.08%	83.08%	1377.55%
Accounts Receivable	-	-	-	0.81	-	-
Other Receivables	2.03	0.4	0.39	0.68	0.41	0.36
Receivables	2.03	0.4	0.39	1.49	0.41	0.36
Inventory	0.48	0.34	0.71	0.32	-	-
Prepaid Expenses	0.61	0.95	0.74	1.38	0.29	0.04
Restricted Cash	-	-	0.58	-	-	-
Total Current Assets	20.91	8.85	34.28	42.63	53.35	29.16
Property, Plant & Equipment	13.94	16.35	18.36	13.04	1.82	1.48
Other Intangible Assets	0.06	0.05	0.04	0.03	0.03	0.02
Other Long-Term Assets	1.02	0.42	0.3	0.38	0.16	0.29
Total Assets	37.97	25.67	52.97	56.08	55.36	30.96
Accounts Payable	2.74	2.52	3.72	1.83	0.76	0.48
Accrued Expenses	0.34	0.37	0.05	0.02	0.03	0.05
Current Portion of Leases	0.67	0.45	0.37	0.19	0.14	0.09
Current Unearned Revenue	0.5	-	-	-	0.02	0.82
Total Current Liabilities	4.29	3.34	4.14	2.04	0.95	1.44
Long-Term Leases	14.16	0.89	1.34	0.59	0.66	0.62
Total Liabilities	21.46	4.24	5.49	2.63	1.6	2.06
Common Stock	125.89	125.58	125.04	96.7	82.61	50.73
Retained Earnings	-117.64	-109.89	-84.73	-53.64	-37.83	-26.56
Comprehensive Income & Other	8.26	5.74	7.17	10.38	8.98	4.73
Shareholders' Equity	16.51	21.43	47.49	53.45	53.75	28.9
Total Liabilities & Equity	37.97	25.67	52.97	56.08	55.36	30.96
Total Debt	17.77	1.34	1.72	0.77	0.8	0.71
Net Cash (Debt)	0.03	5.82	30.15	38.67	51.85	28.05
Net Cash Growth	-99.76%	-80.71%	-22.03%	-25.42%	84.86%	1556.76%
Net Cash Per Share	0.00	0.05	0.29	0.39	0.55	0.35
Filing Date Shares Outstanding	113.16	111.44	111.27	103.13	95.58	89.83
Total Common Shares Outstanding	111.71	111.41	111.27	100.52	95.53	88.24
Working Capital	16.62	5.51	30.14	40.59	52.4	27.72
Book Value Per Share	0.15	0.19	0.43	0.53	0.56	0.33
Tangible Book Value	16.46	21.38	47.45	53.42	53.73	28.88
Tangible Book Value Per Share	0.15	0.19	0.43	0.53	0.56	0.33
Land	-	2	3.26	3.26	-	-
Buildings	-	4.87	4.87	4.87	-	-
Machinery	11.38	11.62	10.72	7.74	3.97	3.34
Construction In Progress	-	-	-	0.22	-	-
Leasehold Improvements	1.09	1	0.84	0.27	0.25	0.08

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