Midland Exploration Inc. (TSXV:MD)

Midland Exploration Balance Sheet

Financials in millions CAD. Fiscal year is October - September.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	5.71	1.87	1.59	2.45	1.9	1.49
Short-Term Investments	4.72	6.69	3.19	2.51	4.52	5.94
Cash & Short-Term Investments	10.43	8.56	4.78	4.96	6.41	7.43
Cash Growth	82.89%	78.97%	-3.62%	-22.63%	-13.72%	-32.58%
Accounts Receivable	0.14	0.15	0.2	0.22	0.06	0.05
Other Receivables	1.7	0.38	0.21	0.39	0.28	1.46
Receivables	1.84	0.52	0.41	0.62	0.34	1.51
Prepaid Expenses	0.09	0.11	0.11	0.1	0.05	0.06
Total Current Assets	12.36	9.19	5.3	5.68	6.81	9
Property, Plant & Equipment	39.65	37.48	35.22	35.04	32.32	30.75
Long-Term Investments	1.1	0.11	0.71	0.94	0.04	0.17
Other Long-Term Assets	-	-	-	-	0.05	-
Total Assets	53.11	46.79	41.22	41.66	39.22	39.92

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Accounts Payable	1.03	0.73	0.59	1.11	0.29	1.25
Current Portion of Leases	0.02	0.02	0.02	0.03	0.03	0.03
Current Unearned Revenue	1.27	1.27	1.09	0.72	0.55	0.21
Total Current Liabilities	2.32	2.02	1.7	1.87	0.87	1.49
Long-Term Leases	0.22	0.24	-	0.02	0.05	0.08
Total Liabilities	2.54	2.26	1.7	1.88	0.92	1.57

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Common Stock	71.84	64.5	57.24	55.57	52.97	51.18
Additional Paid-In Capital	7.21	7.01	6.84	6.63	6.43	6.23
Retained Earnings	-28.97	-26.98	-24.56	-22.42	-21.11	-19.07
Comprehensive Income & Other	0.5	-	-	-	-	-
Shareholders' Equity	50.57	44.53	39.52	39.78	38.29	38.34
Total Liabilities & Equity	53.11	46.79	41.22	41.66	39.22	39.92

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Total Debt	0.24	0.26	0.02	0.05	0.08	0.11
Net Cash (Debt)	10.19	8.3	4.76	4.91	6.33	7.32
Net Cash Growth	87.31%	74.17%	-2.96%	-22.43%	-13.54%	-32.76%
Net Cash Per Share	0.09	0.09	0.06	0.06	0.08	0.10
Filing Date Shares Outstanding	124.8	107.45	93.62	86.87	82.42	72.28
Total Common Shares Outstanding	124.8	107.45	86.87	82.78	75.67	72.28
Working Capital	10.04	7.17	3.6	3.81	5.94	7.51
Book Value Per Share	0.41	0.41	0.45	0.48	0.51	0.53
Tangible Book Value	50.57	44.53	39.52	39.78	38.29	38.34
Tangible Book Value Per Share	0.41	0.41	0.45	0.48	0.51	0.53

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

Data Sources Report a data error