Vulcan Minerals 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	2.04	5.62	4.45	6.15	5.45	1.19
Short-Term Investments	3.02	-	2.01	-	-	-
Cash & Short-Term Investments	5.06	5.62	6.47	6.15	5.45	1.19
Cash Growth	-14.97%	-13.10%	5.17%	12.84%	357.64%	269.02%
Other Receivables	0.01	0.07	0.05	0.15	0.12	0.09
Receivables	0.01	0.07	0.05	0.15	0.12	0.09
Prepaid Expenses	0.01	0.03	0.04	0.01	0.01	0.01
Total Current Assets	5.08	5.71	6.56	6.31	5.58	1.29
Property, Plant & Equipment	2.6	2.5	2.07	1.31	1.01	1.69
Long-Term Investments	36.73	37.04	38.82	40.11	42.71	0.01
Total Assets	44.41	45.25	47.45	47.73	49.3	2.99
Accounts Payable	0.06	0.1	0.17	0.14	0.1	0.15
Short-Term Debt	-	-	0.03	0.03	-	-
Total Current Liabilities	0.06	0.1	0.2	0.17	0.1	0.15
Long-Term Debt	-	-	-	-	0.03	0.03
Long-Term Deferred Tax Liabilities	2.97	3.23	3.59	3.96	4.06	-
Other Long-Term Liabilities	-	-	-	-	-	0.13
Total Liabilities	3.03	3.32	3.78	4.13	4.19	0.3
Common Stock	26.25	26.26	26.21	24.66	23.15	19.74
Additional Paid-In Capital	6.02	5.83	5.83	3.95	3.24	2.92
Retained Earnings	10.57	11.54	13.03	13.81	16.55	-20.93
Comprehensive Income & Other	-1.46	-1.7	-1.4	1.19	2.17	0.51
Total Common Equity	41.38	41.92	43.67	43.61	45.11	2.24
Minority Interest	-	-	-	-	-	0.45
Shareholders' Equity	41.38	41.92	43.67	43.61	45.11	2.68
Total Liabilities & Equity	44.41	45.25	47.45	47.73	49.3	2.99
Total Debt	-	-	0.03	0.03	0.03	0.03
Net Cash (Debt)	5.06	5.62	6.44	6.12	5.42	1.16
Net Cash Growth	-14.97%	-12.69%	5.20%	12.88%	365.86%	260.60%
Net Cash Per Share	0.04	0.04	0.05	0.05	0.05	0.02
Filing Date Shares Outstanding	129.31	129.31	129.31	116.45	111.58	81.75
Total Common Shares Outstanding	129.31	129.31	128.83	116.25	110.97	81.35
Working Capital	5.02	5.62	6.36	6.15	5.48	1.14
Book Value Per Share	0.32	0.32	0.34	0.38	0.41	0.03
Tangible Book Value	41.38	41.92	43.67	43.61	45.11	2.24
Tangible Book Value Per Share	0.32	0.32	0.34	0.38	0.41	0.03
Machinery	0.94	0.93	0.92	0.91	0.9	0.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.