Minsud Resources Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.76	0.71	3.48	2.86	2.61	0.75
Cash & Short-Term Investments	0.76	0.71	3.48	2.86	2.61	0.75
Cash Growth	-17.75%	-79.67%	21.69%	9.51%	249.09%	4.82%
Other Receivables	0.04	0.05	0.37	0.68	0.53	0.51
Receivables	0.04	0.05	0.37	0.68	0.53	0.51
Prepaid Expenses	0.02	0.03	0.09	0.04	0.05	0.02
Total Current Assets	0.82	0.79	3.94	3.58	3.19	1.29
Property, Plant & Equipment	-	-	27.77	27.51	18.89	13.56
Long-Term Investments	12.92	21.49	-	-	-	-
Long-Term Deferred Tax Assets	-	-	-	0.01	0.02	0.03
Other Long-Term Assets	-	-	-	-	-	0.02
Total Assets	13.74	22.28	31.71	31.1	22.1	14.9
Accounts Payable	0.16	0.21	2.38	0.45	0.29	0.16
Accrued Expenses	0.05	0.1	0.1	0.11	0.02	0.02
Current Income Taxes Payable	-	-	-	-	0.58	0.18
Other Current Liabilities	0.03	0.03	24.25	0.37	0.21	0.2
Total Current Liabilities	0.23	0.34	26.73	0.93	1.1	0.56
Other Long-Term Liabilities	-	-	-	19.72	9.84	4.11
Total Liabilities	0.23	0.34	26.73	20.65	10.94	4.66
Common Stock	20.31	19.4	19.39	19.33	19.37	18.1
Retained Earnings	-17.27	-16.32	-24.4	-14.51	-10.91	-8.75
Comprehensive Income & Other	10.47	18.85	9.97	5.6	2.65	0.85
Total Common Equity	13.51	21.93	4.96	10.41	11.12	10.2
Minority Interest	-	-	0.01	0.03	0.04	0.03
Shareholders' Equity	13.51	21.93	4.97	10.45	11.15	10.23
Total Liabilities & Equity	13.74	22.28	31.71	31.1	22.1	14.9
Net Cash (Debt)	0.76	0.71	3.48	2.86	2.61	0.75
Net Cash Growth	-17.75%	-79.67%	21.69%	9.51%	249.09%	4.82%
Net Cash Per Share	0.00	0.00	0.02	0.02	0.02	0.00
Filing Date Shares Outstanding	166.9	164.95	164.95	163.89	163.89	156.21
Total Common Shares Outstanding	166.9	164.95	164.09	163.89	163.89	156.21
Working Capital	0.59	0.45	-22.79	2.65	2.09	0.73
Book Value Per Share	0.08	0.13	0.03	0.06	0.07	0.07
Tangible Book Value	13.51	21.93	4.96	10.41	11.12	10.2
Tangible Book Value Per Share	0.08	0.13	0.03	0.06	0.07	0.07
Machinery	-	-	0.45	0.49	0.12	0.11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.