Reconnaissance Energy Africa Ltd. (TSXV:RECO)

TSXV:RECO Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	17.27	11.41	2.08	38.81	47.02	61.15
Cash & Short-Term Investments	17.27	11.41	2.08	38.81	47.02	61.15
Cash Growth	88.56%	449.57%	-94.65%	-17.44%	-23.12%	800.20%
Accounts Receivable	-	-	-	7.59	12.34	9.83
Other Receivables	1.11	3.38	0.42	5.17	5.34	1.75
Receivables	1.11	3.38	0.42	12.76	17.68	11.58
Prepaid Expenses	0.28	0.84	0.55	0.85	1.28	0.87
Restricted Cash	-	-	-	17.15	17.11	-
Total Current Assets	18.65	15.64	3.05	69.57	83.09	73.6
Property, Plant & Equipment	175.3	176.08	134.18	119.36	108.24	60.33
Other Long-Term Assets	3.94	4.15	5.07	-	-	-
Total Assets	197.89	195.87	142.3	188.93	191.33	133.93
Accounts Payable	2.83	2.49	3.35	7.81	7.27	6.64
Accrued Expenses	-	-	-	94.95	85.47	41.01
Other Current Liabilities	0.72	0.76	1.06	0.73	-	-
Total Current Liabilities	3.55	3.25	4.41	103.49	92.74	47.65
Long-Term Deferred Tax Liabilities	0.98	1.04	0.44	0.32	0.32	0.29
Other Long-Term Liabilities	0.55	0.55	0.6	1.8	2.26	0.76
Total Liabilities	5.09	4.84	5.45	105.6	95.32	48.7
Common Stock	421.13	408.8	360.54	355.03	354.48	311
Retained Earnings	-333.87	-325.53	-306	-347.11	-326.7	-274.16
Comprehensive Income & Other	105.54	107.77	82.32	75.41	68.24	48.39
Shareholders' Equity	192.8	191.03	136.85	83.33	96.01	85.22
Total Liabilities & Equity	197.89	195.87	142.3	188.93	191.33	133.93
Net Cash (Debt)	17.27	11.41	2.08	38.81	47.02	61.15
Net Cash Growth	88.56%	449.57%	-94.65%	-17.44%	-23.12%	800.20%
Net Cash Per Share	0.06	0.05	0.01	0.19	0.24	0.37
Filing Date Shares Outstanding	303.59	265.64	233.82	209.12	201.98	199.48
Total Common Shares Outstanding	303.59	265.64	210.92	202.08	201.65	189.22
Working Capital	15.1	12.39	-1.36	-33.91	-9.66	25.95
Book Value Per Share	0.64	0.72	0.65	0.41	0.48	0.45
Tangible Book Value	192.8	191.03	136.85	83.33	96.01	85.22
Tangible Book Value Per Share	0.64	0.72	0.65	0.41	0.48	0.45
Machinery	7.41	7.81	7.43	7.27	5.54	6.72

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.