Nicola Mining 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	2.45	1.7	1.46	4.76	0.9	0.92
Short-Term Investments	4.54	4.25	1.08	-	-	-
Cash & Short-Term Investments	7	5.95	2.54	4.76	0.9	0.92
Cash Growth	122.82%	134.52%	-46.63%	430.95%	-2.24%	11.11%
Other Receivables	1.2	0.85	0.67	0.57	1.2	0.73
Receivables	1.63	0.85	0.67	0.57	1.2	0.73
Prepaid Expenses	0.43	0.35	0.22	0.12	0.01	0.09
Total Current Assets	9.06	7.15	3.43	5.45	2.11	1.75
Property, Plant & Equipment	6.16	5.96	5.79	5.5	15.25	9.41
Other Long-Term Assets	1.44	1.44	1.44	1.28	1.23	1.21
Total Assets	16.66	14.55	10.66	12.22	18.58	12.36
Accounts Payable	1.75	2.57	1.6	0.68	0.56	0.57
Short-Term Debt	-	0.72	-	-	0.01	-
Current Portion of Long-Term Debt	-	-	4.48	-	0.62	6.43
Current Portion of Leases	0.1	0.1	0.03	0.02	0.02	0.02
Current Unearned Revenue	-	0.41	0.1	-	0.03	-
Other Current Liabilities	0.06	0.23	0.02	-	-	-
Total Current Liabilities	1.9	4.04	6.23	0.7	1.24	7.02
Long-Term Debt	-	-	-	4.24	5.07	0.56
Long-Term Leases	0.09	0.11	0.03	-	0.02	0.04
Other Long-Term Liabilities	13.91	13.75	14.22	14.51	10.18	3.91
Total Liabilities	15.91	17.9	20.47	19.44	16.51	11.52
Common Stock	103.19	98.32	87.78	85.89	82.92	82.35
Additional Paid-In Capital	11.37	11.12	9.49	8.74	8.22	7.91
Retained Earnings	-115.5	-114.48	-111.45	-106.22	-93.32	-93.27
Comprehensive Income & Other	1.69	1.69	4.35	4.37	4.25	3.85
Shareholders' Equity	0.75	-3.35	-9.81	-7.22	2.08	0.84
Total Liabilities & Equity	16.66	14.55	10.66	12.22	18.58	12.36
Total Debt	0.19	0.93	4.54	4.25	5.74	7.04
Net Cash (Debt)	6.81	5.02	-2	0.5	-4.84	-6.12
Net Cash Per Share	0.03	0.03	-0.01	0.00	-0.03	-0.04
Filing Date Shares Outstanding	229.53	229.53	169.92	166.68	157.7	145.88
Total Common Shares Outstanding	216.25	210.61	169.92	161.18	149.04	145.68
Working Capital	7.16	3.11	-2.79	4.75	0.87	-5.27
Book Value Per Share	0.00	-0.02	-0.06	-0.04	0.01	0.01
Tangible Book Value	0.75	-3.35	-9.81	-7.22	2.08	0.84
Tangible Book Value Per Share	0.00	-0.02	-0.06	-0.04	0.01	0.01
Land	4.18	4.18	4.18	4.18	11.95	7.76
Machinery	3.35	3.07	2.89	2.44	4.2	2.15