Northern Graphite Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1.06	2.54	0.37	3.12	5.08	3.58
Short-Term Investments	-	-	-	0.49	0.56	0.75
Cash & Short-Term Investments	1.06	2.54	0.37	3.61	5.64	4.33
Cash Growth	228.48%	580.70%	-89.65%	-36.04%	30.22%	210.41%
Accounts Receivable	0.86	0.68	1.54	2.24	4.1	0.08
Total Trade Receivables	0.86	0.68	1.54	2.24	4.1	0.08
Inventory	1.26	1.3	8.86	17.13	18.27	-
Other Current Assets	1.79	1.69	1.08	1.94	1.68	0.82
Total Current Assets	4.97	6.2	11.85	24.92	29.68	5.22
Net Property, Plant & Equipment	38.04	39.72	40.19	42.32	43.55	0.07
Goodwill	2.71	2.71	2.71	2.71	2.71	-
Other Long-Term Assets	23.61	23.58	22.49	21.27	25.81	14.36
Total Assets	69.33	72.22	77.24	91.23	101.75	19.66
Accounts Payable	9.3	11.33	8.97	6.9	5.04	1.56
Current Portion of Long-Term Debt	49.44	46.18	39.91	6.92	4.71	-
Current Portion of Leases	0.16	0.15	0.41	0.51	0.52	-
Other Current Liabilities	0.66	0.2	-	0.5	-	-
Total Current Liabilities	59.56	57.86	49.29	14.82	10.27	1.56
Long-Term Debt	0.71	0.56	-	19.16	15.61	-
Long-Term Leases	0.74	0.79	0.78	0.96	1.06	-
Other Long-Term Liabilities	54.29	50.96	48.58	40.5	38.64	0.36
Total Long-Term Liabilities	55.74	52.31	49.35	60.62	55.3	0.36
Total Liabilities	115.29	110.17	98.64	75.44	65.58	1.92
Common Stock	72.82	71.3	67.9	57.42	52.62	30.86
Additional Paid-in Capital	6.21	5.64	5.51	15.33	14.76	3.13
Accumulated Other Comprehensive Income	-0.54	-0.38	-1.61	-2.57	-0.45	-
Retained Earnings	-124.45	-114.51	-93.2	-54.39	-30.75	-16.26
Shareholders' Equity	-45.96	-37.95	-21.4	15.79	36.18	17.73
Total Liabilities & Equity	69.33	72.22	77.24	91.23	101.75	19.66
Total Debt	51.05	47.68	41.1	27.55	21.9	0
Net Cash (Debt)	-49.99	-45.14	-40.73	-23.94	-16.26	4.33
Net Cash Growth	-	-	-	-	-	210.41%
Net Cash Per Share	-0.35	-0.33	-0.31	-0.19	-0.15	0.06
Book Value	-45.96	-37.95	-21.4	15.79	36.18	17.73
Book Value Per Share	-0.32	-0.28	-0.16	0.12	0.34	0.23
Tangible Book Value	-48.67	-40.66	-24.12	13.07	33.46	17.73
Tangible Book Value Per Share	-0.34	-0.30	-0.18	0.10	0.31	0.23