Mako Mining Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	77.28	14.52	1.5	0.52	1.94
Short-Term Investments	2.04	-	-	-	-
Cash & Short-Term Investments	79.31	14.52	1.5	0.52	1.94
Cash Growth	446.19%	869.36%	186.42%	-73.10%	-26.17%
Accounts Receivable	0.25	0.32	0.3	1.1	0.01
Other Receivables	-	-	-	0.08	0.03
Receivables	0.25	0.32	0.3	1.18	0.04
Inventory	29.18	11.09	13.85	9.97	6.86
Prepaid Expenses	1.87	0.72	0.33	0.88	0.8
Other Current Assets	1.11	0.73	0.74	0.35	0.28
Total Current Assets	111.72	27.37	16.71	12.9	9.93
Property, Plant & Equipment	80.58	69.76	20.53	32.26	44.53
Long-Term Deferred Charges	1	0.03	-	-	-
Other Long-Term Assets	15.15	9.92	4.56	0	0.51
Total Assets	208.45	107.08	41.81	45.17	54.97
Accounts Payable	13.72	10.04	5.92	10.9	4.4
Accrued Expenses	0.78	0.31	0.02	0.06	0.22
Short-Term Debt	-	-	-	0.37	0.37
Current Portion of Long-Term Debt	-	1.8	3.15	2.79	3.98
Current Portion of Leases	0.07	0.1	0.09	0.1	-
Current Income Taxes Payable	13.93	4.35	0.27	0.21	-
Current Unearned Revenue	0.35	-	-	-	-
Other Current Liabilities	-	-	0.2	1.74	1.04
Total Current Liabilities	28.85	16.6	9.66	16.16	10.01
Long-Term Debt	-	4.81	7.52	12.27	17.38
Long-Term Leases	-	0.07	0.17	0.24	-
Long-Term Unearned Revenue	0.4	-	-	-	-
Long-Term Deferred Tax Liabilities	6.96	3.22	-	-	-
Other Long-Term Liabilities	21.5	5.46	3.84	2.84	1.61
Total Liabilities	57.71	30.16	21.18	31.5	29
Common Stock	162.45	121.78	87.87	88.02	88.26
Additional Paid-In Capital	16.82	16.32	12.55	12.09	11.6
Retained Earnings	-30.88	-64.01	-81.12	-87.84	-75.66
Comprehensive Income & Other	2.35	2.84	1.32	1.4	1.76
Shareholders' Equity	150.73	76.92	20.63	13.67	25.97
Total Liabilities & Equity	208.45	107.08	41.81	45.17	54.97
Total Debt	0.07	6.78	10.92	15.76	21.73
Net Cash (Debt)	79.24	7.75	-9.43	-15.24	-19.79
Net Cash Growth	923.03%	-	-	-	-
Net Cash Per Share	0.95	0.11	-0.14	-0.23	-0.30
Filing Date Shares Outstanding	87.56	79.3	65.68	65.82	65.83
Total Common Shares Outstanding	87.01	79.25	65.55	65.74	65.93
Working Capital	82.87	10.77	7.06	-3.25	-0.08
Book Value Per Share	1.73	0.97	0.31	0.21	0.39
Tangible Book Value	150.73	76.92	20.63	13.67	25.97
Tangible Book Value Per Share	1.73	0.97	0.31	0.21	0.39
Land	-	-	5.64	5.39	3.25
Buildings	49.11	46.93	-	-	-
Machinery	-	-	42.77	42.32	39.71

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