Pathfinder Ventures Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0.23	0.83	0.46	0.98	2.09
Cash & Short-Term Investments	0.23	0.83	0.46	0.98	2.09
Cash Growth	-72.19%	81.13%	-53.58%	-53.06%	81.08%
Accounts Receivable	0.06	-	0.01	-	0.03
Other Receivables	-	0.15	0.04	0.04	-
Receivables	0.06	0.15	0.05	0.04	0.03
Inventory	0.03	0.02	0.02	0.02	0.01
Prepaid Expenses	0.12	0.24	0.08	0.02	0.06
Other Current Assets	-	0.02	0.07	0.09	0.09
Total Current Assets	0.44	1.26	0.67	1.15	2.28
Property, Plant & Equipment	12.85	13.12	13.13	13.82	13.38
Long-Term Investments	0.5	0.5	-	-	-
Other Long-Term Assets	0.4	0.31	0.25	0.01	0.05
Total Assets	14.18	15.19	14.05	14.98	15.71
Accounts Payable	1.08	0.39	0.25	0.14	0.16
Accrued Expenses	-	0.73	0.58	0.45	0.2
Short-Term Debt	0.95	0.68	0.78	0.83	0.74
Current Portion of Long-Term Debt	10.21	4.85	3.41	6.96	0.97
Current Portion of Leases	0.07	0.06	0.1	0.13	0.12
Current Income Taxes Payable	0.02	-	-	0	0
Current Unearned Revenue	0.82	0.68	0.74	0.75	0.6
Total Current Liabilities	13.16	7.39	5.85	9.25	2.78
Long-Term Debt	-	5.24	6.42	2.55	7.61
Long-Term Leases	0.25	0.31	0.01	0.1	0.23
Total Liabilities	13.41	12.94	12.28	11.9	10.62
Common Stock	11.32	11.32	8.69	8.18	8.18
Retained Earnings	-11.65	-10.18	-8.14	-6.07	-4.04
Comprehensive Income & Other	1.11	1.11	1.23	0.97	0.95
Shareholders' Equity	0.78	2.25	1.78	3.08	5.09
Total Liabilities & Equity	14.18	15.19	14.05	14.98	15.71
Total Debt	11.48	11.14	10.71	10.57	9.66
Net Cash (Debt)	-11.25	-10.32	-10.25	-9.59	-7.57
Net Cash Per Share	-0.25	-0.41	-0.68	-0.69	-0.64
Filing Date Shares Outstanding	45.5	45.5	23.42	13.98	13.98
Total Common Shares Outstanding	45.5	45.5	17.17	13.98	13.98
Working Capital	-12.72	-6.13	-5.18	-8.1	-0.5
Book Value Per Share	0.02	0.05	0.10	0.22	0.36
Tangible Book Value	0.78	2.25	1.78	3.08	5.09
Tangible Book Value Per Share	0.02	0.05	0.10	0.22	0.36
Land	-	5.6	5.6	5.6	4.82
Buildings	-	2.09	2.07	2.07	2.06
Machinery	-	7.11	7.1	7.02	6.6
Leasehold Improvements	-	0.27	0.02	0.02	0.01

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