Metal Energy Corp. (TSXV:MERG)

Metal Energy Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Cash & Equivalents	9.66	1.3	1.74	2.78
Cash & Short-Term Investments	9.66	1.3	1.74	2.78
Cash Growth	644.89%	-25.27%	-37.52%	-
Accounts Receivable	0.07	0.04	0.04	0.34
Other Receivables	0.02	0.02	0.02	0.02
Total Trade Receivables	0.09	0.05	0.06	0.36
Other Current Assets	0.04	0.02	0.05	0.02
Total Current Assets	9.8	1.38	1.84	3.16
Total Assets	9.8	1.38	1.84	3.16
Accounts Payable	0.71	0.42	0.08	0.75
Other Current Liabilities	3.37	0.92	-	-
Total Current Liabilities	4.08	1.34	0.08	0.75
Other Long-Term Liabilities	3.28	3.18	-	-
Total Long-Term Liabilities	3.28	3.18	-	-
Total Liabilities	7.36	4.52	0.08	0.75
Common Stock	17.44	9.84	8.86	8.13
Additional Paid-in Capital	2.72	2.63	2.36	2.07
Retained Earnings	-17.72	-15.62	-9.47	-7.79
Shareholders' Equity	2.44	-3.15	1.76	2.41
Total Liabilities & Equity	9.8	1.38	1.84	3.16
Net Cash (Debt)	9.66	1.3	1.74	2.78
Net Cash Growth	644.89%	-25.27%	-37.52%	-
Net Cash Per Share	0.33	0.06	0.02	0.03
Book Value	2.44	-3.15	1.76	2.41
Book Value Per Share	0.08	-0.14	0.02	0.03
Tangible Book Value	2.44	-3.15	1.76	2.41
Tangible Book Value Per Share	0.08	-0.14	0.02	0.03

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.