enCore Energy Balance Sheet

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

Millions USD. 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	41.56	52.4	39.7	7.49	2.51	9.19
Short-Term Investments	70.12	43.59	24.05	16.89	3.16	-
Cash & Short-Term Investments	111.68	95.99	63.75	24.38	5.67	9.19
Cash Growth	150.85%	50.59%	161.48%	329.63%	-38.25%	77.31%
Accounts Receivable	5.04	4.94	-	-	-	-
Other Receivables	-	-	-	-	1.24	0.63
Receivables	5.04	4.94	-	-	1.24	0.63
Inventory	9.93	5.32	20.97	0.01	3	-
Prepaid Expenses	6.87	3.56	2.7	0.93	-	-
Other Current Assets	-	-	-	-	0.73	1.74
Total Current Assets	133.52	109.81	87.41	25.32	10.65	11.56
Property, Plant & Equipment	306.49	310.08	296.25	289.92	147.7	137.93
Long-Term Investments	-	-	0.84	3.05	0.78	4.77
Other Intangible Assets	1.26	1.47	0.47	0.51	0.57	0.49
Long-Term Deferred Charges	-	-	-	-	9.17	-
Other Long-Term Assets	10.4	9.07	7.75	7.77	54.66	4.61
Total Assets	451.66	430.42	392.72	326.57	223.53	159.36
Accounts Payable	11.61	12.43	7.46	3.58	3.11	5.84
Accrued Expenses	0.13	1.06	2.38	2.52	0.44	0.01
Short-Term Debt	-	-	20.11	-	-	-
Current Portion of Leases	0.31	0.19	0.13	0.18	0.08	0.08
Total Current Liabilities	12.05	13.68	30.08	6.28	3.63	5.92
Long-Term Debt	110.22	109.99	-	19.24	-	-
Long-Term Leases	3.01	3.08	0.2	0.29	0.1	0.17
Long-Term Deferred Tax Liabilities	26.19	26.38	26.98	27.96	-	-
Other Long-Term Liabilities	18.99	18.92	16.92	10.83	4.75	4.18
Total Liabilities	170.46	172.04	74.18	64.6	8.48	10.27
Common Stock	409.57	382.84	380.33	308.2	190.61	162.58
Additional Paid-In Capital	50.33	56.73	59.86	41.2	16.22	12.66
Retained Earnings	-202.3	-207.7	-150.85	-89.46	-48.87	-32.35
Comprehensive Income & Other	-2.82	-2.63	-3.6	2.02	57.09	6.2
Total Common Equity	254.78	229.25	285.74	261.97	215.05	149.09
Minority Interest	26.42	29.14	32.81	-	-	-
Shareholders' Equity	281.2	258.38	318.54	261.97	215.05	149.09
Total Liabilities & Equity	451.66	430.42	392.72	326.57	223.53	159.36
Total Debt	113.54	113.25	20.44	19.71	0.18	0.25
Net Cash (Debt)	-1.86	-17.26	44.14	7.72	6.28	8.94
Net Cash Growth	-	-	472.18%	22.87%	-29.76%	84.58%
Net Cash Per Share	-0.01	-0.09	0.24	0.05	0.06	0.14
Filing Date Shares Outstanding	194.23	194.22	186.26	181.34	143.23	106.65
Total Common Shares Outstanding	194.22	187.35	186.11	165.13	108.94	98.9
Working Capital	121.47	96.13	57.33	19.04	7.02	5.63
Book Value Per Share	1.31	1.22	1.54	1.59	1.97	1.51
Tangible Book Value	253.52	227.78	285.27	261.45	214.48	148.6
Tangible Book Value Per Share	1.31	1.22	1.53	1.58	1.97	1.50
Buildings	-	-	-	0.4	0.06	-
Machinery	20.19	12.2	8.29	4.33	1.93	-
Construction In Progress	12.62	13.36	10.04	5.37	-	-

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