Desert Mountain Energy Balance Sheet

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	0.05	0.27	1.18	12.09	12.23	26.61
Short-Term Investments	-	-	-	-	0.29	0.2
Cash & Short-Term Investments	0.05	0.27	1.18	12.09	12.52	26.82
Cash Growth	-90.10%	-76.97%	-90.21%	-3.43%	-53.31%	152.85%
Accounts Receivable	0.27	0.27	0.17	-	-	-
Other Receivables	0.19	0.08	0.3	0.84	0.41	0.02
Receivables	0.46	0.35	0.47	0.84	0.41	0.02
Prepaid Expenses	0.04	0.01	0.09	0.64	0.43	0.3
Total Current Assets	0.55	0.63	1.74	13.57	13.36	27.14
Property, Plant & Equipment	47.62	48.44	46.63	45.11	25.49	7.31
Other Intangible Assets	-	-	-	-	-	0.01
Long-Term Accounts Receivable	0.42	0.48	0.73	-	-	-
Other Long-Term Assets	1	1.01	0.94	0.1	0.07	0.06
Total Assets	49.6	50.57	50.53	59.45	40.02	34.52
Accounts Payable	0.31	0.43	0.42	0.92	2.32	0.5
Other Current Liabilities	-	-	0.02	0.04	0.02	0.01
Total Current Liabilities	0.31	0.43	0.44	0.96	2.35	0.52
Other Long-Term Liabilities	2.62	2.77	2.85	7.72	0.35	0.15
Total Liabilities	2.93	3.2	3.3	8.68	2.7	0.67
Common Stock	81.74	81.56	80.78	80.78	61.61	54.34
Retained Earnings	-55.09	-54.94	-52.64	-48.06	-36.47	-28.94
Comprehensive Income & Other	20.02	20.74	19.1	18.05	12.18	8.46
Shareholders' Equity	46.67	47.37	47.23	50.77	37.32	33.85
Total Liabilities & Equity	49.6	50.57	50.53	59.45	40.02	34.52
Net Cash (Debt)	0.05	0.27	1.18	12.09	12.52	26.82
Net Cash Growth	-90.10%	-76.97%	-90.21%	-3.43%	-53.31%	152.85%
Net Cash Per Share	0.00	0.00	0.01	0.14	0.17	0.42
Filing Date Shares Outstanding	96.03	96.03	90.26	90.26	77.68	73.32
Total Common Shares Outstanding	94.68	94.18	90.26	90.26	77.58	71.04
Working Capital	0.25	0.2	1.3	12.61	11.01	26.62
Book Value Per Share	0.49	0.50	0.52	0.56	0.48	0.48
Tangible Book Value	46.67	47.37	47.23	50.77	37.32	33.84
Tangible Book Value Per Share	0.49	0.50	0.52	0.56	0.48	0.48
Land	0.28	0.28	0.27	0.27	0.12	0.03
Machinery	26.48	26.83	25.75	19.95	10.44	0.44

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