Q2 Metals Corp. (TSXV:QTWO)

Q2 Metals Balance Sheet

Financials in millions CAD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Cash & Equivalents	28.21	12.39	5.87	12.01	0.95	0.04
Cash & Short-Term Investments	28.21	12.39	5.87	12.01	0.95	0.04
Cash Growth	314.06%	110.94%	-51.12%	1169.10%	2181.59%	302.52%
Other Receivables	0.58	0.27	0.72	0.09	0.07	0
Receivables	0.58	0.27	0.72	0.09	0.07	0
Prepaid Expenses	0.39	0.54	0.17	0.04	0.2	-
Total Current Assets	29.18	13.19	6.77	12.14	1.22	0.05
Property, Plant & Equipment	52.31	35.7	22.08	7.2	3.55	0.86
Other Long-Term Assets	0.02	0.02	0.02	0.02	0.02	0.01
Total Assets	81.51	48.91	28.86	19.36	4.78	0.91
Accounts Payable	2.29	1.76	2.08	0.29	0.05	0.16
Accrued Expenses	-	0.01	0	0.02	0.12	0.19
Short-Term Debt	-	-	-	0.03	0.03	0.01
Current Unearned Revenue	4.16	0.09	-	1.56	-	-
Total Current Liabilities	6.45	1.86	2.08	1.9	0.2	0.36
Long-Term Deferred Tax Liabilities	0.27	0.27	-	-	-	-
Total Liabilities	6.72	2.12	2.08	1.9	0.2	0.36
Common Stock	83.38	55.42	34.72	26.2	12.78	7.51
Retained Earnings	-18.12	-17.07	-11.62	-11.43	-9.54	-7.29
Comprehensive Income & Other	9.37	8.27	3.51	2.52	1.18	0.33
Total Common Equity	74.63	46.62	26.61	17.29	4.41	0.55
Minority Interest	0.17	0.17	0.17	0.17	0.17	-
Shareholders' Equity	74.8	46.79	26.78	17.46	4.58	0.55
Total Liabilities & Equity	81.51	48.91	28.86	19.36	4.78	0.91
Total Debt	-	-	-	0.03	0.03	0.01
Net Cash (Debt)	28.21	12.39	5.87	11.98	0.92	0.03
Net Cash Growth	314.06%	110.94%	-51.00%	1204.95%	2899.57%	9937.05%
Net Cash Per Share	0.25	0.11	0.07	0.27	0.07	0.01
Filing Date Shares Outstanding	190.21	164.21	109.44	83.35	40.35	4.98
Total Common Shares Outstanding	190.21	147.58	89.42	75.75	40.35	4.98
Working Capital	22.73	11.33	4.68	10.24	1.01	-0.32
Book Value Per Share	0.39	0.32	0.30	0.23	0.11	0.11
Tangible Book Value	74.63	46.62	26.61	17.29	4.41	0.55
Tangible Book Value Per Share	0.39	0.32	0.30	0.23	0.11	0.11

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