Midland Exploration Balance Sheet

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

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	4.64	1.87	1.59	2.45	1.9	1.49
Short-Term Investments	3.02	6.69	3.19	2.51	4.52	5.94
Cash & Short-Term Investments	7.66	8.56	4.78	4.96	6.41	7.43
Cash Growth	29.65%	78.97%	-3.62%	-22.63%	-13.72%	-32.58%
Accounts Receivable	0.13	0.15	0.2	0.22	0.06	0.05
Other Receivables	1.12	0.38	0.21	0.39	0.28	1.46
Receivables	1.25	0.52	0.41	0.62	0.34	1.51
Prepaid Expenses	0.1	0.11	0.11	0.1	0.05	0.06
Total Current Assets	9.01	9.19	5.3	5.68	6.81	9
Property, Plant & Equipment	38.98	37.48	35.22	35.04	32.32	30.75
Long-Term Investments	-	0.11	0.71	0.94	0.04	0.17
Other Long-Term Assets	-	-	-	-	0.05	-
Total Assets	47.99	46.79	41.22	41.66	39.22	39.92
Accounts Payable	0.53	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	1.09	1.27	1.09	0.72	0.55	0.21
Total Current Liabilities	1.65	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	1.87	2.26	1.7	1.88	0.92	1.57
Common Stock	67.02	64.5	57.24	55.57	52.97	51.18
Additional Paid-In Capital	7.11	7.01	6.84	6.63	6.43	6.23
Retained Earnings	-28.01	-26.98	-24.56	-22.42	-21.11	-19.07
Shareholders' Equity	46.12	44.53	39.52	39.78	38.29	38.34
Total Liabilities & Equity	47.99	46.79	41.22	41.66	39.22	39.92
Total Debt	0.25	0.26	0.02	0.05	0.08	0.11
Net Cash (Debt)	7.41	8.3	4.76	4.91	6.33	7.32
Net Cash Growth	31.43%	74.17%	-2.96%	-22.43%	-13.54%	-32.76%
Net Cash Per Share	0.07	0.09	0.06	0.06	0.08	0.10
Filing Date Shares Outstanding	112.97	107.45	93.62	86.87	82.42	72.28
Total Common Shares Outstanding	112.97	107.45	86.87	82.78	75.67	72.28
Working Capital	7.36	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	46.12	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