Gold Reserve Ltd. (TSXV:GRZ)

Gold Reserve Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	89.4	42.82	8.53	15.38	49.12	57.42
Short-Term Investments	-	34.17	29.36	27.5	-	-
Trading Asset Securities	2.29	1.42	1.18	0.1	0.11	0.08
Cash & Short-Term Investments	91.7	78.42	39.07	42.98	49.22	57.5
Cash Growth	11.09%	100.74%	-9.10%	-12.69%	-14.39%	-7.26%
Other Receivables	-	-	-	8.09	8.68	8.68
Receivables	-	-	-	8.09	8.68	8.68
Prepaid Expenses	0.31	0.26	0.29	0.46	0.51	0.57
Total Current Assets	92.01	78.68	39.36	51.53	58.41	66.76
Property, Plant & Equipment	0.61	0.36	0.38	1.42	2.23	2.68
Total Assets	92.62	79.04	39.74	52.94	60.64	69.44
Accounts Payable	8.64	2.32	0.71	0.65	0.47	0.78
Accrued Expenses	-	1	0.74	0.53	-	-
Current Portion of Leases	0.16	-	-	-	0.08	0.09
Current Income Taxes Payable	11.36	10.62	9.71	-	-	-
Other Current Liabilities	-	-	-	0.17	0.06	0.06
Total Current Liabilities	20.16	13.94	11.16	1.35	0.61	0.93
Long-Term Leases	0.07	-	-	-	-	0.08
Total Liabilities	20.23	13.94	11.16	1.35	0.61	1.01
Common Stock	1.23	1.13	302.68	302.68	302.68	302.47
Additional Paid-In Capital	401	372.35	20.63	20.63	20.63	20.63
Retained Earnings	-355.52	-333.58	-318.39	-295.27	-286.68	-276.08
Comprehensive Income & Other	25.68	25.2	23.66	23.56	23.4	21.41
Shareholders' Equity	72.39	65.1	28.58	51.59	60.03	68.42
Total Liabilities & Equity	92.62	79.04	39.74	52.94	60.64	69.44
Total Debt	0.23	-	-	-	0.08	0.17
Net Cash (Debt)	91.46	78.42	39.07	42.98	49.15	57.33
Net Cash Growth	10.81%	100.74%	-9.10%	-12.55%	-14.27%	-7.15%
Net Cash Per Share	0.80	0.74	0.39	0.43	0.49	0.58
Filing Date Shares Outstanding	122.71	113.04	99.67	99.55	99.55	99.4
Total Common Shares Outstanding	122.71	113.04	99.55	99.55	99.55	99.4
Working Capital	71.86	64.73	28.19	50.18	57.8	65.82
Book Value Per Share	0.59	0.58	0.29	0.52	0.60	0.69
Tangible Book Value	72.39	65.1	28.58	51.59	60.03	68.42
Tangible Book Value Per Share	0.59	0.58	0.29	0.52	0.60	0.69
Machinery	0.04	0.33	0.75	1.72	2.35	2.61
Leasehold Improvements	-	0.03	0.03	0.03	0.03	0.03

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