Metal Energy Corp. (TSXV:MERG)

Metal Energy Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.51	1.3	1.74	2.78	7.01
Cash & Short-Term Investments	0.51	1.3	1.74	2.78	7.01
Cash Growth	-33.86%	-25.27%	-37.52%	-60.40%	-
Other Receivables	0.03	0.05	0.06	0.36	0.05
Receivables	0.03	0.05	0.06	0.36	0.05
Prepaid Expenses	0.04	0.02	0.05	0.02	-
Total Current Assets	0.58	1.38	1.84	3.16	7.07
Total Assets	0.58	1.38	1.84	3.16	7.07
Accounts Payable	0.04	0.41	0.08	0.72	0.14
Short-Term Debt	-	0	-	0.03	-
Current Unearned Revenue	0.02	0.03	-	-	0.58
Other Current Liabilities	0.89	0.9	0.01	0.01	-
Total Current Liabilities	0.95	1.34	0.08	0.75	0.72
Other Long-Term Liabilities	3.15	3.18	-	-	-
Total Liabilities	4.1	4.52	0.08	0.75	0.72
Common Stock	9.84	9.84	8.86	8.13	7.34
Retained Earnings	-16.06	-15.62	-9.47	-7.79	-3.02
Comprehensive Income & Other	2.7	2.63	2.36	2.07	2.03
Shareholders' Equity	-3.52	-3.15	1.76	2.41	6.34
Total Liabilities & Equity	0.58	1.38	1.84	3.16	7.07
Total Debt	-	0	-	0.03	-
Net Cash (Debt)	0.51	1.3	1.74	2.75	7.01
Net Cash Growth	-33.58%	-25.29%	-36.93%	-60.77%	-
Net Cash Per Share	0.02	0.06	0.10	0.16	0.97
Filing Date Shares Outstanding	29.13	28.27	21.19	17.64	16.6
Total Common Shares Outstanding	28.27	28.27	21.16	17.64	16.06
Working Capital	-0.37	0.03	1.76	2.41	6.34
Book Value Per Share	-0.12	-0.11	0.08	0.14	0.39
Tangible Book Value	-3.52	-3.15	1.76	2.41	6.34
Tangible Book Value Per Share	-0.12	-0.11	0.08	0.14	0.39

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.