Tectonic Metals Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Cash & Equivalents	20.5	1.97	2.38	2.55	1.07	3.42
Cash & Short-Term Investments	20.5	1.97	2.38	2.55	1.07	3.42
Cash Growth	1253.92%	-17.21%	-6.69%	137.62%	-68.62%	91.11%
Other Receivables	0.04	0.01	0.03	0.01	0.02	0.01
Receivables	0.04	0.01	0.03	0.01	0.02	0.01
Prepaid Expenses	0.2	0.37	0.14	0.14	0.07	0.09
Other Current Assets	0.85	0.26	0.2	0.07	-	-
Total Current Assets	21.6	2.62	2.75	2.76	1.16	3.52
Property, Plant & Equipment	1.27	1.16	1	0.61	0.75	0.63
Total Assets	22.86	3.78	3.75	3.37	1.91	4.15
Accounts Payable	3.01	0.25	0.67	0.4	0.26	0.24
Current Portion of Leases	-	-	-	0.01	0.03	0.02
Other Current Liabilities	0.17	0.19	0.08	0.01	0.04	-
Total Current Liabilities	3.19	0.44	0.75	0.42	0.33	0.27
Long-Term Leases	-	-	-	-	0.01	0.04
Other Long-Term Liabilities	0.39	0.39	0.35	-	-	-
Total Liabilities	3.57	0.83	1.1	0.42	0.34	0.31
Common Stock	65.67	38.14	34.16	27.34	23.68	17.68
Retained Earnings	-61.07	-43.88	-38.79	-29.19	-25.18	-15.8
Comprehensive Income & Other	14.7	8.69	7.28	4.8	3.08	1.97
Shareholders' Equity	19.29	2.95	2.65	2.95	1.57	3.85
Total Liabilities & Equity	22.86	3.78	3.75	3.37	1.91	4.15
Total Debt	-	-	-	0.01	0.04	0.06
Net Cash (Debt)	20.5	1.97	2.38	2.54	1.04	3.36
Net Cash Growth	1253.92%	-17.21%	-6.33%	145.32%	-69.16%	88.59%
Net Cash Per Share	0.38	0.06	0.09	0.13	0.08	0.45
Filing Date Shares Outstanding	90.12	41.99	33.07	24	16.17	8.99
Total Common Shares Outstanding	90.01	41.99	33.07	24	16.17	8.99
Working Capital	18.41	2.18	2	2.35	0.83	3.26
Book Value Per Share	0.21	0.07	0.08	0.12	0.10	0.43
Tangible Book Value	19.29	2.95	2.65	2.95	1.57	3.85
Tangible Book Value Per Share	0.21	0.07	0.08	0.12	0.10	0.43
Machinery	0.11	0.06	0.05	0.08	0.08	0.07

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