TSXV:IBAT Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Cash & Equivalents	9.13	10.74	1.03	0.3	1.44	0.26
Cash & Short-Term Investments	9.13	10.74	1.03	0.3	1.44	0.26
Cash Growth	67.97%	946.49%	240.86%	-79.13%	446.00%	59.08%
Accounts Receivable	0.47	0.45	0.11	-	-	-
Other Receivables	-	0.01	0.02	0.05	0.01	0.01
Receivables	0.47	0.46	0.12	0.05	0.01	0.01
Inventory	1.06	1.06	-	-	-	-
Prepaid Expenses	-	0.11	0.29	0.25	0.6	0
Other Current Assets	0.3	0.17	0.05	0.03	-	-
Total Current Assets	10.97	12.53	1.48	0.62	2.05	0.28
Property, Plant & Equipment	27.51	28.68	28.86	26.02	24.34	18.96
Other Intangible Assets	2.46	3.27	4.34	5.42	5.25	6.55
Other Long-Term Assets	-	-	-	0.2	-	-
Total Assets	40.94	44.48	34.68	32.26	31.64	25.79
Accounts Payable	0.8	1.29	1.97	1.76	16.28	5.26
Accrued Expenses	0.5	0.53	0.59	0.3	0.22	10.2
Current Portion of Leases	0.1	0.09	0.07	0.1	0.09	-
Other Current Liabilities	-	0.68	-	-	-	-
Total Current Liabilities	1.4	2.59	2.63	2.15	16.59	15.46
Long-Term Leases	0.07	0.14	-	0.07	0.08	-
Other Long-Term Liabilities	6.08	15.15	4.37	0.52	-	-
Total Liabilities	7.55	17.89	7	2.74	16.68	15.46
Common Stock	67.53	66.16	63.73	57.07	29.53	21.17
Retained Earnings	-34.15	-39.57	-36.05	-27.54	-30	-19.49
Comprehensive Income & Other	-	-	-	-	15.44	8.64
Shareholders' Equity	33.38	26.59	27.68	29.53	14.96	10.33
Total Liabilities & Equity	40.94	44.48	34.68	32.26	31.64	25.79
Total Debt	0.17	0.23	0.07	0.16	0.18	-
Net Cash (Debt)	8.96	10.51	0.96	0.14	1.26	0.26
Net Cash Growth	72.98%	995.41%	589.93%	-89.01%	378.70%	59.08%
Net Cash Per Share	0.03	0.04	0.00	0.00	0.01	0.00
Filing Date Shares Outstanding	306.23	268.99	242.6	202.27	195.44	136.27
Total Common Shares Outstanding	306.23	268.99	211.38	195.44	146.29	132.34
Working Capital	9.57	9.94	-1.15	-1.53	-14.54	-15.18
Book Value Per Share	0.11	0.10	0.13	0.15	0.10	0.08
Tangible Book Value	30.93	23.32	23.34	24.11	9.72	3.78
Tangible Book Value Per Share	0.10	0.09	0.11	0.12	0.07	0.03
Machinery	-	30.01	28.8	25.86	24.17	18.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.