Cerrado Gold Balance Sheet

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

Millions USD. 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	22.88	26.03	0.41	5.92	1.73
Short-Term Investments	-	-	0.02	1.44	0.03
Cash & Short-Term Investments	22.88	26.03	0.43	7.36	1.76
Cash Growth	-12.10%	5996.49%	-94.20%	319.60%	-73.66%
Accounts Receivable	115.32	67.38	56.94	40.12	19.38
Other Receivables	11.72	12.48	6.14	7.15	7.95
Receivables	127.04	79.86	63.09	47.27	27.33
Inventory	10.63	11.25	8.88	9.1	8.73
Prepaid Expenses	0.42	0.43	0.16	0.14	0.18
Restricted Cash	-	-	6.81	2	7.5
Other Current Assets	-	-	-	0.82	0.53
Total Current Assets	160.97	117.56	79.36	66.7	46.02
Property, Plant & Equipment	180.87	104.44	164.75	83.02	58.38
Long-Term Investments	-	0.57	0.24	0.7	0.66
Other Long-Term Assets	5.76	18.5	6.38	12.23	4.76
Total Assets	347.6	241.07	250.72	162.65	109.81
Accounts Payable	129.87	74.64	71.06	47.62	26.42
Accrued Expenses	21.06	20.78	25.56	15.19	13.65
Short-Term Debt	9.14	12.05	12.35	5.27	6.02
Current Portion of Long-Term Debt	11.13	16.64	27.33	5.73	-
Current Portion of Leases	6.91	0.37	0.41	0.33	0.69
Current Income Taxes Payable	13.37	-	-	-	-
Current Unearned Revenue	-	-	-	2.14	2.48
Other Current Liabilities	6.16	6.02	10.05	2.06	10.31
Total Current Liabilities	197.64	130.51	146.75	78.33	59.56
Long-Term Debt	18.73	6.48	22.08	24.71	-
Long-Term Leases	2.61	0.29	0.51	1.32	1.3
Long-Term Unearned Revenue	-	-	-	14.03	14.02
Long-Term Deferred Tax Liabilities	16.31	10.66	10.71	3.01	-
Other Long-Term Liabilities	60.6	41.64	45.89	27.9	19.82
Total Liabilities	295.89	189.57	225.94	149.29	94.69
Common Stock	71.14	56.43	54.6	41.64	40.37
Retained Earnings	-27.52	-5.89	-35.8	-29.32	-23.67
Comprehensive Income & Other	5.75	0.97	5.99	1.03	-1.57
Total Common Equity	49.37	51.5	24.78	13.35	15.12
Minority Interest	2.34	-	-	-	-
Shareholders' Equity	51.71	51.5	24.78	13.35	15.12
Total Liabilities & Equity	347.6	241.07	250.72	162.65	109.81
Total Debt	48.52	35.84	62.68	37.35	8
Net Cash (Debt)	-25.64	-9.24	-62.01	-29.28	-5.59
Net Cash Per Share	-0.21	-0.09	-0.69	-0.38	-0.08
Filing Date Shares Outstanding	135.81	105.03	102.89	78.9	76.58
Total Common Shares Outstanding	135.82	103.98	98.28	78.63	76.48
Working Capital	-36.67	-12.94	-67.39	-11.64	-13.54
Book Value Per Share	0.36	0.50	0.25	0.17	0.20
Tangible Book Value	49.37	51.5	24.78	13.35	15.12
Tangible Book Value Per Share	0.36	0.50	0.25	0.17	0.20
Land	2.38	0.99	5.22	0.38	0.61
Construction In Progress	9.25	2.36	7.66	6.43	0.8

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