FPX Nickel 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	13.38	16.23	34.07	28.92	18.02	14.54
Cash & Short-Term Investments	13.38	16.23	34.07	28.92	18.02	14.54
Cash Growth	-55.50%	-52.35%	17.79%	60.52%	23.95%	149.10%
Accounts Receivable	7.48	7.49	2.43	0.73	2.2	1.29
Other Current Assets	0.16	0.21	0.3	0.13	0.28	0.04
Total Current Assets	21.02	23.92	36.8	29.77	20.49	15.86
Net Property, Plant & Equipment	0.15	0.21	0.31	0.42	0.15	0.23
Other Long-Term Assets	49.87	48.54	40.16	29.7	21.63	14.36
Total Assets	71.04	72.68	77.27	59.89	42.27	30.46
Accounts Payable	0.85	1.21	2.07	0.96	0.56	0.45
Current Portion of Leases	0.07	0.13	0.18	0.16	0.09	0.08
Other Current Liabilities	0.45	0.69	0.27	-	-	-
Total Current Liabilities	1.38	2.04	2.53	1.12	0.65	0.54
Long-Term Leases	-	-	0.03	0.11	0.06	0.15
Other Long-Term Liabilities	1.75	2.16	1.66	1.1	-	-
Total Long-Term Liabilities	1.75	2.16	1.69	1.21	0.06	0.15
Total Liabilities	3.13	4.2	4.21	2.33	0.72	0.69
Common Stock	113.14	112.74	112.48	93.91	75.32	62.53
Additional Paid-in Capital	12.43	12.43	12.09	12.36	10.49	9.47
Retained Earnings	-59.43	-58.49	-52.93	-50.21	-45.87	-42.24
Total Common Shareholders' Equity	66.13	66.67	71.64	56.06	39.94	29.77
Minority Interest	1.79	1.81	1.42	1.51	1.61	-
Shareholders' Equity	67.92	68.48	73.06	57.57	41.55	29.77
Total Liabilities & Equity	71.04	72.68	77.27	59.89	42.27	30.46
Total Debt	0.07	0.13	0.21	0.27	0.15	0.24
Net Cash (Debt)	13.31	16.1	33.86	28.65	17.86	14.3
Net Cash Growth	-17.34%	-52.45%	18.17%	60.40%	24.93%	503.78%
Net Cash Per Share	0.04	0.05	0.11	0.11	0.08	0.07
Book Value	66.13	66.67	71.64	56.06	39.94	29.77
Book Value Per Share	0.21	0.21	0.23	0.21	0.18	0.14
Tangible Book Value	66.13	66.67	71.64	56.06	39.94	29.77
Tangible Book Value Per Share	0.21	0.21	0.23	0.21	0.18	0.14