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	2.29	35.6	30.54	27.6	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
Total Trade Receivables	-	-	-	8.09	8.68	8.68
Other Current Assets	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
Net 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	-	-	-	-	0.08	0.09
Other Current Liabilities	11.36	10.62	9.71	0.17	0.06	0.06
Total Current Liabilities	20.16	13.94	11.16	1.35	0.61	0.93
Long-Term Leases	0.23	-	-	-	-	0.08
Total Long-Term Liabilities	0.23	-	-	-	-	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	426.68	397.55	44.29	44.19	44.03	42.04
Retained Earnings	-355.52	-333.58	-318.39	-295.27	-286.68	-276.08
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	0	0	0.08	0.17
Net Cash (Debt)	91.46	78.42	39.07	42.98	49.15	57.33
Net Cash Growth	16.63%	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
Book Value	72.39	65.1	28.58	51.59	60.03	68.42
Book Value Per Share	0.63	0.61	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	0.63	0.61	0.29	0.52	0.60	0.69

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.