TSXV:SM Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2017 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2017 - 2019
Cash & Equivalents	11.56	0.45	1.93	0.09	8.07	11.99	Upgrade
Cash & Short-Term Investments	11.56	0.45	1.93	0.09	8.07	11.99	Upgrade
Cash Growth	3342.98%	-76.57%	2086.66%	-98.91%	-32.75%	36485.67%	Upgrade
Accounts Receivable	1.62	0.29	-	-	-	-	Upgrade
Other Receivables	1.68	1.5	0.64	0.13	0.02	0.02	Upgrade
Receivables	3.3	1.79	0.64	0.13	0.02	0.02	Upgrade
Inventory	1.26	1	0.41	0.44	-	-	Upgrade
Prepaid Expenses	0.79	0.27	0.32	0	0.39	0.22	Upgrade
Other Current Assets	-	0.02	0.02	0.05	-	-	Upgrade
Total Current Assets	16.92	3.52	3.32	0.71	8.47	12.24	Upgrade
Property, Plant & Equipment	33.49	31.34	27.12	22.24	0.16	0.16	Upgrade
Other Long-Term Assets	1.26	0.03	0.04	5.16	-	-	Upgrade
Total Assets	51.68	34.89	30.48	28.11	8.64	12.4	Upgrade
Accounts Payable	2.29	1.2	0.71	0.14	0.1	0.36	Upgrade
Accrued Expenses	0.49	0.26	0.11	0.03	0.01	-	Upgrade
Short-Term Debt	-	-	-	9.62	-	0.05	Upgrade
Current Portion of Leases	0.01	0.01	0.01	0.01	-	-	Upgrade
Current Income Taxes Payable	0.42	0.04	-	-	-	-	Upgrade
Total Current Liabilities	3.21	1.51	0.83	9.79	0.11	0.41	Upgrade
Long-Term Debt	5.38	5.38	-	-	-	-	Upgrade
Long-Term Leases	-	-	0.01	0.01	-	-	Upgrade
Long-Term Deferred Tax Liabilities	0.6	0.52	0.51	0.22	-	-	Upgrade
Other Long-Term Liabilities	2.99	2.53	2.43	2.4	-	-	Upgrade
Total Liabilities	12.17	9.94	3.78	12.42	0.11	0.41	Upgrade
Common Stock	171.45	158.11	157.04	108.14	12.9	2.01	Upgrade
Additional Paid-In Capital	4.51	3.59	1.97	-	2.48	0.4	Upgrade
Retained Earnings	-135.86	-136.54	-132.46	-92.46	-6.85	-1.22	Upgrade
Comprehensive Income & Other	-0.6	-0.22	0.15	-	-	10.79	Upgrade
Shareholders' Equity	39.5	24.95	26.7	15.68	8.53	11.99	Upgrade
Total Liabilities & Equity	51.68	34.89	30.48	28.11	8.64	12.4	Upgrade
Total Debt	5.38	5.38	0.02	9.64	-	0.05	Upgrade
Net Cash (Debt)	6.18	-4.93	1.91	-9.55	8.07	11.95	Upgrade
Net Cash Growth	-	-	-	-	-32.49%	-	Upgrade
Net Cash Per Share	0.04	-0.03	0.02	-0.16	0.14	0.47	Upgrade
Filing Date Shares Outstanding	186	153.94	152.69	142.7	63.94	63.94	Upgrade
Total Common Shares Outstanding	184.27	153.94	149.12	64.13	63.94	31.94	Upgrade
Working Capital	13.71	2.02	2.49	-9.08	8.36	11.83	Upgrade
Book Value Per Share	0.21	0.16	0.18	0.24	0.13	0.38	Upgrade
Tangible Book Value	39.5	24.95	26.7	15.68	8.53	11.99	Upgrade
Tangible Book Value Per Share	0.21	0.16	0.18	0.24	0.13	0.38	Upgrade
Machinery	5.14	3.11	1.34	1.54	0.01	-	Upgrade

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