Black Swan Graphene Inc. (TSXV:SWAN)

Black Swan Graphene Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY	FY
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Apr 30, 2022	Jan 31, 2022
Cash & Equivalents	7.22	3	5.32	8.87	0.03	4.9
Cash & Short-Term Investments	7.22	3	5.32	8.87	0.03	4.9
Cash Growth	92.43%	-43.58%	-40.01%	32841.08%	-99.45%	5542.25%
Accounts Receivable	0.36	0.61	0.58	0.3	-	0.04
Total Trade Receivables	0.36	0.61	0.58	0.3	-	0.04
Other Current Assets	0.01	0	0	0	-	0.02
Total Current Assets	7.59	3.61	5.9	9.18	0.03	4.96
Other Intangible Assets	5.6	6.31	7.25	8.2	-	9.14
Long-Term Investments	0.8	0.8	0.8	-	-	-
Total Assets	13.98	10.71	13.95	17.37	0.03	14.1
Accounts Payable	0.34	0.27	0.11	0.65	0.49	0.1
Total Current Liabilities	0.34	0.27	0.11	0.65	0.49	0.1
Total Liabilities	0.34	0.27	0.11	0.65	0.49	0.1
Common Stock	34.66	28.11	28.11	25.49	1.32	14.54
Additional Paid-in Capital	4.32	2.24	2.24	1.67	0.06	1.4
Retained Earnings	-25.34	-19.91	-16.52	-10.43	-1.84	-1.94
Shareholders' Equity	13.64	10.44	13.83	16.73	-0.46	14
Total Liabilities & Equity	13.98	10.71	13.95	17.37	0.03	14.1
Net Cash (Debt)	7.22	3	5.32	8.87	0.03	4.9
Net Cash Growth	140.29%	-43.58%	-40.01%	32841.08%	-99.45%	5542.25%
Net Cash Per Share	0.16	0.08	0.14	0.29	0.01	-
Book Value	13.64	10.44	13.83	16.73	-0.46	14
Book Value Per Share	0.30	0.28	0.37	0.56	-0.23	-
Tangible Book Value	8.04	4.13	6.58	8.53	-0.46	4.86
Tangible Book Value Per Share	0.18	0.11	0.18	0.28	-0.23	-

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.