Steppe Gold Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	73.06	68.3	47.13	14.9	2.52	2.64
Short-Term Investments	105.28	103.78	97.05	-	0.37	1.43
Cash & Short-Term Investments	178.34	172.08	144.18	14.9	2.88	4.07
Cash Growth	54.81%	19.35%	867.47%	417.46%	-29.26%	-79.77%
Accounts Receivable	-	2.11	4.04	-	-	-
Inventory	44.03	35.2	62.76	20.85	24.17	22.36
Other Current Assets	7.62	7.83	4.82	4.88	2.53	5.82
Total Current Assets	229.99	217.22	215.8	40.64	29.58	32.25
Net Property, Plant & Equipment	143.62	138.49	131.64	49.92	39.33	35.99
Long-Term Investments	0.32	0.23	0.32	156.74	-	-
Other Long-Term Assets	3.94	2.45	4.39	-	3.75	78.04
Total Assets	377.86	358.38	352.14	247.3	72.66	146.28
Accounts Payable	12.65	11.71	15.16	32.5	11.02	6.57
Short-Term Debt	89.24	78.63	26.5	82.6	4.53	10.57
Current Portion of Long-Term Debt	5.28	2.17	4.44	-	15.74	54.6
Current Portion of Leases	2.88	0.31	0.31	-	0.15	0.14
Other Current Liabilities	14.26	17.07	18.35	11.49	3.69	1.07
Total Current Liabilities	124.3	109.89	64.77	126.6	35.12	72.95
Long-Term Debt	71.44	88.28	160.03	2.82	16.52	62.62
Long-Term Leases	3.16	0.32	0.31	-	0.4	0.51
Other Long-Term Liabilities	17.57	17.07	16.97	14.7	3.4	3.19
Total Long-Term Liabilities	92.17	105.67	177.31	17.52	20.31	66.32
Total Liabilities	216.47	215.55	242.08	144.11	55.44	139.26
Common Stock	55.42	55.42	55.42	3	55.76	55.29
Additional Paid-in Capital	-	-	-	-	25.2	22.91
Accumulated Other Comprehensive Income	-2.14	-1.51	-1.57	-	-16.06	-7.79
Retained Earnings	108.19	88.98	56.24	100.18	-47.19	-63.15
Total Common Shareholders' Equity	161.47	142.89	110.09	103.18	17.72	7.27
Minority Interest	-0.08	-0.06	-0.03	-	-0.49	-0.25
Shareholders' Equity	161.39	142.83	110.07	103.18	17.22	7.02
Total Liabilities & Equity	377.86	358.38	352.14	247.3	72.66	146.28
Total Debt	171.99	169.71	191.59	85.42	37.34	128.43
Net Cash (Debt)	6.35	2.37	-47.41	-70.52	-34.46	-124.36
Net Cash Growth	168.00%	-	-	-	-	-
Net Cash Per Share	0.03	0.01	-0.25	-0.49	-0.40	-1.34
Book Value	161.47	142.89	110.09	103.18	17.72	7.27
Book Value Per Share	0.63	0.56	0.58	0.72	0.21	0.08
Tangible Book Value	161.47	142.89	110.09	103.18	17.72	7.27
Tangible Book Value Per Share	0.63	0.56	0.58	0.72	0.21	0.08