Velocity Minerals Ltd. (TSXV:VLC)

Velocity Minerals Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	1.67	3.04	1.17	3.15	1.07	4.68
Cash & Short-Term Investments	1.67	3.04	1.17	3.15	1.07	4.68
Cash Growth	409.25%	160.08%	-62.99%	195.47%	-77.17%	-55.65%
Accounts Receivable	-	0	0.07	0.19	0.04	0
Other Receivables	0.15	0.23	0.04	0.17	0.27	0.3
Receivables	0.15	0.24	0.11	0.36	0.32	0.3
Prepaid Expenses	0.1	0.07	0.06	0.05	0.05	0.05
Restricted Cash	23.59	22.76	0.07	-	-	-
Total Current Assets	25.51	26.1	1.41	3.56	1.44	5.03
Property, Plant & Equipment	26.81	26.53	26.96	26.27	25.02	23.45
Long-Term Accounts Receivable	-	-	-	0.03	0.05	-
Total Assets	52.32	52.63	28.37	29.86	26.51	28.48

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.45	1.32	0.56	0.54	0.35	0.35
Accrued Expenses	-	-	-	-	-	0.02
Current Portion of Leases	0.01	0.01	0.06	0.09	0.11	0.06
Current Income Taxes Payable	-	-	0.26	-	-	-
Other Current Liabilities	24.06	24.48	-	0.27	-	-
Total Current Liabilities	25.52	25.81	0.88	0.91	0.46	0.43
Long-Term Leases	-	-	0.01	0.07	0.16	0.04
Total Liabilities	25.52	25.81	0.89	0.98	0.62	0.47

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	46.06	46.06	44.73	44.58	40.31	40.31
Retained Earnings	-27.25	-27.04	-24.84	-22.94	-21.13	-18.47
Comprehensive Income & Other	3.27	3.07	2.79	2.51	2.08	1.71
Total Common Equity	22.09	22.08	22.68	24.15	21.26	23.55
Minority Interest	4.71	4.74	4.79	4.74	4.63	4.46
Shareholders' Equity	26.8	26.82	27.47	28.89	25.89	28.01
Total Liabilities & Equity	52.32	52.63	28.37	29.86	26.51	28.48

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.01	0.01	0.07	0.17	0.27	0.11
Net Cash (Debt)	1.66	3.03	1.1	2.99	0.8	4.57
Net Cash Growth	448.90%	175.95%	-63.27%	272.42%	-82.44%	-27.05%
Net Cash Per Share	0.01	0.02	0.01	0.02	0.01	0.03
Filing Date Shares Outstanding	204.53	204.53	197.22	196.2	171.61	160.28
Total Common Shares Outstanding	204.53	204.53	197.18	195.95	160.28	160.28
Working Capital	-0.01	0.3	0.52	2.66	0.97	4.6
Book Value Per Share	0.11	0.11	0.12	0.12	0.13	0.15
Tangible Book Value	22.09	22.08	22.68	24.15	21.26	23.55
Tangible Book Value Per Share	0.11	0.11	0.12	0.12	0.13	0.15
Machinery	-	0.52	0.48	0.48	0.25	0.2

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 27, 2026

Data Sources Report a data error