Euro Manganese 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	7	9.49	9.36	7.65	21.56	31.22
Cash & Short-Term Investments	7	9.49	9.36	7.65	21.56	31.22
Cash Growth	30.40%	1.36%	22.41%	-64.52%	-30.94%	1043.23%
Accounts Receivable	0.55	0.57	0.51	-	-	-
Other Receivables	0.14	0.08	0.09	0.37	0.19	0.18
Receivables	0.7	0.65	0.6	0.37	0.19	0.18
Inventory	0.54	0.64	0.57	-	-	-
Prepaid Expenses	0.32	0.26	0.41	0.52	0.45	0.36
Total Current Assets	8.55	11.04	10.95	8.54	22.19	31.76
Property, Plant & Equipment	21.57	22.41	26.26	15.16	12.72	9.43
Long-Term Deferred Charges	1.88	1.88	1.88	-	-	-
Other Long-Term Assets	1.54	1.46	1.38	6.25	4.98	2.14
Total Assets	33.54	36.78	40.47	29.95	39.9	43.34
Accounts Payable	2.77	3.16	2.82	2.64	1.78	0.85
Accrued Expenses	-	0.05	0.03	0.04	0.41	0.05
Short-Term Debt	31.3	30.58	27.54	-	-	-
Current Portion of Leases	0.11	0.13	0.12	0.17	0.17	0.12
Other Current Liabilities	0.05	-	-	-	0.08	4.66
Total Current Liabilities	34.22	33.92	30.51	2.85	2.44	5.68
Long-Term Leases	-	0.01	0.14	-	0.17	0.17
Other Long-Term Liabilities	-	-	-	-	-	0.08
Total Liabilities	34.22	33.93	30.65	2.85	2.61	5.93
Common Stock	88.35	88.35	78.73	78.73	78.3	67.5
Retained Earnings	-100.2	-96.57	-78.98	-60.66	-48.65	-35.19
Comprehensive Income & Other	11.18	11.07	10.07	9.02	7.64	5.1
Shareholders' Equity	-0.68	2.85	9.82	27.1	37.29	37.4
Total Liabilities & Equity	33.54	36.78	40.47	29.95	39.9	43.34
Total Debt	31.4	30.72	27.8	0.17	0.34	0.29
Net Cash (Debt)	-24.4	-21.23	-18.43	7.48	21.22	30.93
Net Cash Growth	-	-	-	-64.76%	-31.39%	1061.21%
Net Cash Per Share	-0.21	-0.21	-0.23	0.09	0.27	0.46
Filing Date Shares Outstanding	142.8	142.8	80.53	80.53	80.22	75.5
Total Common Shares Outstanding	142.8	142.8	80.53	80.53	80.22	75.5
Working Capital	-25.67	-22.88	-19.56	5.69	19.75	26.08
Book Value Per Share	-0.00	0.02	0.12	0.34	0.46	0.50
Tangible Book Value	-0.68	2.85	9.82	27.1	37.29	37.4
Tangible Book Value Per Share	-0.00	0.02	0.12	0.34	0.46	0.50
Land	7.99	7.99	7.99	0.33	0.33	0.33
Buildings	13.77	13.75	13.71	0.18	-	-
Machinery	-	-	-	-	0.14	0.11
Construction In Progress	-	-	-	7.86	5.22	2.06

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