TSXV:SM Balance Sheet

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

Millions USD. 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	9.62	13.68	0.45	1.93	0.09	8.07
Short-Term Investments	3.59	3.64	-	-	-	-
Cash & Short-Term Investments	13.21	17.32	0.45	1.93	0.09	8.07
Cash Growth	3279.15%	3731.08%	-76.57%	2086.66%	-98.91%	-32.75%
Accounts Receivable	0.98	1.36	0.29	-	-	-
Other Receivables	2.99	3.2	1.5	0.64	0.13	0.02
Receivables	3.97	4.56	1.79	0.64	0.13	0.02
Inventory	1.52	1.61	1	0.41	0.44	-
Prepaid Expenses	0.7	0.4	0.27	0.32	0	0.39
Other Current Assets	-	0.02	0.02	0.02	0.05	-
Total Current Assets	19.39	23.9	3.52	3.32	0.71	8.47
Property, Plant & Equipment	40.47	37.19	31.34	27.12	22.24	0.16
Long-Term Deferred Tax Assets	4.7	5.53	-	-	-	-
Other Long-Term Assets	1.24	0.35	0.03	0.04	5.16	-
Total Assets	65.81	66.96	34.89	30.48	28.11	8.64
Accounts Payable	3.13	2.43	1.2	0.71	0.14	0.1
Accrued Expenses	1.44	1.05	0.26	0.11	0.03	0.01
Short-Term Debt	-	-	-	-	9.62	-
Current Portion of Leases	-	-	0.01	0.01	0.01	-
Current Income Taxes Payable	0.43	0.61	0.04	-	-	-
Other Current Liabilities	-	5.78	-	-	-	-
Total Current Liabilities	5.01	9.86	1.51	0.83	9.79	0.11
Long-Term Debt	2.88	5.38	5.38	-	-	-
Long-Term Leases	-	-	-	0.01	0.01	-
Long-Term Deferred Tax Liabilities	-	-	0.52	0.51	0.22	-
Other Long-Term Liabilities	2.82	2.75	2.53	2.43	2.4	-
Total Liabilities	10.7	17.99	9.94	3.78	12.42	0.11
Common Stock	181.1	173.58	158.11	157.04	108.14	12.9
Additional Paid-In Capital	2.83	4.41	3.59	1.97	-	2.48
Retained Earnings	-128.06	-128.4	-136.54	-132.46	-92.46	-6.85
Comprehensive Income & Other	-0.76	-0.61	-0.22	0.15	-	-
Shareholders' Equity	55.11	48.98	24.95	26.7	15.68	8.53
Total Liabilities & Equity	65.81	66.96	34.89	30.48	28.11	8.64
Total Debt	2.88	5.38	5.38	0.02	9.64	-
Net Cash (Debt)	10.33	11.94	-4.93	1.91	-9.55	8.07
Net Cash Growth	-	-	-	-	-	-32.49%
Net Cash Per Share	0.06	0.07	-0.03	0.02	-0.16	0.14
Filing Date Shares Outstanding	196.75	196.75	153.94	152.69	142.7	63.94
Total Common Shares Outstanding	196.75	187.3	153.94	149.12	64.13	63.94
Working Capital	14.39	14.04	2.02	2.49	-9.08	8.36
Book Value Per Share	0.28	0.26	0.16	0.18	0.24	0.13
Tangible Book Value	55.11	48.98	24.95	26.7	15.68	8.53
Tangible Book Value Per Share	0.28	0.26	0.16	0.18	0.24	0.13
Machinery	11.18	8.19	3.11	1.34	1.54	0.01