Avanti Helium 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	0.87	0.11	1.41	2.83	1.34	1.77
Short-Term Investments	0.11	0.02	0.02	-	4.04	-
Cash & Short-Term Investments	0.98	0.12	1.43	2.83	5.38	1.77
Cash Growth	412.20%	-91.27%	-49.61%	-47.37%	203.68%	302.86%
Other Receivables	0.05	0.33	0.06	0.2	0.05	0
Receivables	0.05	0.33	0.06	0.2	0.05	0
Prepaid Expenses	0.08	0.05	0.04	0.08	0.19	0.01
Total Current Assets	1.11	0.51	1.52	3.11	5.63	1.78
Property, Plant & Equipment	24.41	27.04	27.04	27.17	11.37	-
Other Long-Term Assets	0.06	0.06	0.06	0.06	0.06	-
Total Assets	25.58	27.61	28.63	30.35	17.06	1.78
Accounts Payable	2.1	2.59	2.35	4.46	1.49	0.01
Current Portion of Leases	0.01	0.01	0.01	0	0	-
Total Current Liabilities	2.11	2.61	2.37	4.46	1.5	0.01
Long-Term Leases	0.25	0.26	0.24	-	0	-
Other Long-Term Liabilities	0.23	0.24	0.2	0.17	0.13	-
Total Liabilities	2.59	3.11	2.81	4.64	1.63	0.01
Common Stock	62.61	60.27	58.33	48.07	34.39	14.75
Retained Earnings	-51.72	-49.57	-45.1	-33.45	-25.16	-14.6
Comprehensive Income & Other	12.1	13.8	12.59	11.09	6.2	1.62
Shareholders' Equity	22.99	24.5	25.82	25.71	15.44	1.77
Total Liabilities & Equity	25.58	27.61	28.63	30.35	17.06	1.78
Total Debt	0.26	0.27	0.25	0	0.01	-
Net Cash (Debt)	0.72	-0.15	1.18	2.83	5.37	1.77
Net Cash Growth	-	-	-58.44%	-47.36%	203.37%	302.86%
Net Cash Per Share	0.01	-0.00	0.02	0.05	0.13	0.15
Filing Date Shares Outstanding	120.22	114.04	93.21	77.09	58.2	21.12
Total Common Shares Outstanding	118.72	96.81	90.52	68.05	49.56	21.05
Working Capital	-1	-2.1	-0.84	-1.35	4.13	1.77
Book Value Per Share	0.19	0.25	0.29	0.38	0.31	0.08
Tangible Book Value	22.99	24.5	25.82	25.71	15.44	1.77
Tangible Book Value Per Share	0.19	0.25	0.29	0.38	0.31	0.08
Machinery	4.06	0.55	0.51	0.02	0.01	-
Leasehold Improvements	0.13	0.13	0.12	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.