Electra Battery Materials Balance Sheet

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

Millions CAD. 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	40.16	39.02	3.72	7.56	7.95	58.63
Short-Term Investments	-	-	0.01	0.6	0.43	1.77
Cash & Short-Term Investments	40.16	39.02	3.73	8.16	8.39	60.39
Cash Growth	1146.82%	946.50%	-54.27%	-2.74%	-86.12%	1346.91%
Other Receivables	0.79	0.67	1.31	1.08	3.08	0.96
Receivables	0.79	0.67	1.31	1.08	3.08	0.96
Prepaid Expenses	1.92	0.81	0.67	0.47	0.72	0.58
Restricted Cash	-	-	-	0.89	-	-
Other Current Assets	-	-	-	-	1.34	-
Total Current Assets	42.87	40.5	5.71	10.59	13.52	61.94
Property, Plant & Equipment	148.74	143.85	144.39	136.89	169.98	98.11
Other Long-Term Assets	1.21	1.21	1.35	1.21	4.03	7.57
Total Assets	192.82	185.56	151.45	148.69	187.52	167.61
Accounts Payable	5.62	4.24	3.42	8.75	18.85	3.54
Accrued Expenses	-	1.58	2.96	5.81	1.31	1.16
Current Portion of Long-Term Debt	-	-	63.96	40.1	25.66	-
Current Portion of Leases	0.06	0.06	0.05	0.04	-	-
Current Unearned Revenue	3.12	0.64	-	-	-	-
Other Current Liabilities	48.35	81.66	1.58	1.43	8.28	-
Total Current Liabilities	57.15	88.17	71.97	56.13	54.11	4.71
Long-Term Debt	44.64	43.36	7.82	4.3	3.78	23.29
Long-Term Leases	0.01	0.03	0.08	0.13	0.22	-
Long-Term Unearned Revenue	3.12	3.12	3.12	0.85	1.12	0.26
Other Long-Term Liabilities	4.7	4.63	4.13	3.98	1.79	39.39
Total Liabilities	109.62	139.31	87.13	65.39	61.02	67.65
Common Stock	426.31	419.97	307.72	304.72	288.87	276.22
Retained Earnings	-380.22	-408.36	-274.89	-245.45	-180.78	-193.33
Comprehensive Income & Other	37.1	34.64	31.49	24.02	18.42	17.08
Shareholders' Equity	83.2	46.25	64.32	83.3	126.51	99.96
Total Liabilities & Equity	192.82	185.56	151.45	148.69	187.52	167.61
Total Debt	44.7	43.45	71.92	44.58	29.66	23.29
Net Cash (Debt)	-4.54	-4.42	-68.19	-36.42	-21.27	37.11
Net Cash Per Share	-0.08	-0.14	-4.78	-3.35	-2.09	5.35
Filing Date Shares Outstanding	102.16	103.74	14.84	14.3	8.86	7.84
Total Common Shares Outstanding	102.16	98.98	14.81	13.96	8.8	7.74
Working Capital	-14.28	-47.67	-66.26	-45.54	-40.59	57.23
Book Value Per Share	0.81	0.47	4.34	5.97	14.38	12.91
Tangible Book Value	83.2	46.25	64.32	83.3	126.51	99.96
Tangible Book Value Per Share	0.81	0.47	4.34	5.97	14.38	12.91
Machinery	-	-	-	-	5.99	5.43
Construction In Progress	-	48.25	43.99	45.07	76.05	5.02

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