Dundee Balance Sheet

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

Millions CAD. 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	144.17	31.99	26.34	47.18	93.85
Cash & Short-Term Investments	144.17	31.99	26.34	47.18	93.85
Cash Growth	350.60%	21.48%	-44.18%	-49.73%	-23.43%
Accounts Receivable	18.48	3.11	3.56	1.67	-
Other Receivables	-	0.15	-	1.87	3.91
Receivables	18.48	3.26	3.56	3.54	3.91
Inventory	-	-	-	-	0.29
Other Current Assets	41.65	19.75	17.37	29.22	24.08
Total Current Assets	204.3	55	47.27	79.93	122.12
Property, Plant & Equipment	2.07	2.31	2.74	3.51	11.38
Long-Term Investments	402.69	221.03	237.51	285.8	213.91
Other Intangible Assets	-0.67	-	3.3	4.98	6.22
Long-Term Deferred Tax Assets	-	-	-	-	1.61
Other Long-Term Assets	18.92	18.92	18.92	-	2.94
Total Assets	627.32	297.26	309.74	374.22	358.19
Accounts Payable	6.85	6.28	6.66	10.32	16.09
Current Income Taxes Payable	0.19	-	0.77	-	-
Other Current Liabilities	-	-	-	1.58	-
Total Current Liabilities	7.04	6.28	7.43	11.9	16.09
Long-Term Debt	0.34	10.88	19.04	5.73	5
Long-Term Leases	1.61	1.75	1.88	2.94	4.21
Long-Term Deferred Tax Liabilities	11.47	-	-	3.25	-
Other Long-Term Liabilities	6.35	-	-	-	-
Total Liabilities	26.81	18.9	28.36	23.82	25.3
Common Stock	283.15	282.16	282.19	281.15	280.86
Additional Paid-In Capital	25.41	25.73	24.35	23.16	20.5
Retained Earnings	358.25	37.72	-18.7	19.46	6.55
Comprehensive Income & Other	-61.22	-61.92	-43.48	-47.72	-50.71
Total Common Equity	605.58	283.69	244.36	276.05	257.2
Minority Interest	-5.08	-5.34	-8.76	-3.74	-2.4
Shareholders' Equity	600.51	278.36	281.39	350.4	332.89
Total Liabilities & Equity	627.32	297.26	309.74	374.22	358.19
Total Debt	1.95	12.63	20.93	8.67	9.21
Net Cash (Debt)	142.22	19.37	5.41	38.51	84.65
Net Cash Growth	634.26%	257.89%	-85.95%	-54.51%	20.58%
Net Cash Per Share	1.45	0.20	0.06	0.42	0.95
Filing Date Shares Outstanding	89.98	89.41	89.03	88.08	87.81
Total Common Shares Outstanding	90.01	89.38	88.95	88.08	87.81
Working Capital	197.26	48.72	39.84	68.03	106.03
Book Value Per Share	6.73	3.17	2.75	3.13	2.93
Tangible Book Value	606.25	283.69	241.06	271.07	250.98
Tangible Book Value Per Share	6.74	3.17	2.71	3.08	2.86
Land	-	-	-	1.35	0.71
Machinery	-	-	-	0.26	16.76

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