Azimut Exploration 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	7.39	13.64	11.77	3.32	14.04	27.64
Cash & Short-Term Investments	7.39	13.64	11.77	3.32	14.04	27.64
Cash Growth	-21.16%	15.92%	254.38%	-76.34%	-49.22%	374.36%
Accounts Receivable	0.1	0.03	0.25	1.42	0.78	2.47
Other Receivables	4.44	4.04	1.56	0.07	3.27	1.2
Receivables	4.54	4.06	1.81	1.49	4.05	3.66
Prepaid Expenses	0.07	0.14	0.1	0.16	0.13	0.05
Other Current Assets	-	1.55	-	-	1.91	-
Total Current Assets	12	19.39	13.68	4.97	20.12	31.36
Property, Plant & Equipment	48.86	45.74	43.05	37.28	31.64	17.99
Long-Term Investments	3.04	0.73	0.93	0.04	0.05	0.07
Other Intangible Assets	0.04	0.03	0	0	0.01	0
Other Long-Term Assets	0.65	-	-	4.39	2.39	2.44
Total Assets	64.58	65.89	57.66	46.67	54.21	51.86
Accounts Payable	2.55	2.99	3.34	1.1	4.75	2.37
Current Portion of Leases	0.3	0.07	0.05	0.05	0.04	0.05
Current Unearned Revenue	1.2	3.04	1.13	0.22	0.46	3.69
Other Current Liabilities	0.19	0.13	0.06	0.17	0.23	0.36
Total Current Liabilities	4.25	6.23	4.57	1.54	5.48	6.47
Long-Term Leases	0.24	0.25	-	0.05	0.04	0.07
Long-Term Deferred Tax Liabilities	0.86	0.86	1.35	-	-	-
Other Long-Term Liabilities	2.06	2.03	1.98	1.55	1.51	0.99
Total Liabilities	7.41	9.38	7.9	3.14	7.03	7.53
Common Stock	73.98	73.93	65.2	60.04	61.93	61.55
Additional Paid-In Capital	5.19	5.19	5.04	4.86	4.1	4.03
Retained Earnings	-26.93	-27.54	-25.06	-25.11	-23.28	-24.89
Comprehensive Income & Other	4.93	4.93	4.59	3.75	4.41	3.65
Shareholders' Equity	57.17	56.51	49.76	43.53	47.18	44.33
Total Liabilities & Equity	64.58	65.89	57.66	46.67	54.21	51.86
Total Debt	0.55	0.32	0.05	0.11	0.07	0.12
Net Cash (Debt)	6.84	13.32	11.72	3.22	13.96	27.52
Net Cash Growth	-26.71%	13.69%	264.39%	-76.97%	-49.27%	403.86%
Net Cash Per Share	0.07	0.15	0.14	0.04	0.17	0.39
Filing Date Shares Outstanding	100.73	100.63	85.69	85.21	79.38	81.75
Total Common Shares Outstanding	100.63	100.55	85.59	79.96	82.19	81.75
Working Capital	7.76	13.16	9.11	3.43	14.64	24.89
Book Value Per Share	0.57	0.56	0.58	0.54	0.57	0.54
Tangible Book Value	57.12	56.48	49.76	43.53	47.17	44.33
Tangible Book Value Per Share	0.57	0.56	0.58	0.54	0.57	0.54
Machinery	0.45	0.43	0.42	0.45	0.17	0.15

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