Mendell Helium Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	0.33	0.08	0.16	0.49	1.43
Short-Term Investments	0.14	0.14	-	-	-
Cash & Short-Term Investments	0.47	0.22	0.16	0.49	1.43
Cash Growth	193.13%	34.97%	-66.73%	-65.61%	-
Accounts Receivable	1.2	0.06	0	0.01	0.01
Other Receivables	-	0.44	0.01	0.51	0
Receivables	1.2	0.51	0.01	0.52	0.01
Inventory	-	-	0.08	0.13	0.15
Prepaid Expenses	-	0.04	0.01	0.07	0.02
Other Current Assets	-	-	0.02	-	-
Total Current Assets	1.67	0.76	0.28	1.2	1.59
Property, Plant & Equipment	-	-	0.54	0.64	0.7
Long-Term Investments	-	-	0.05	-	-
Other Intangible Assets	-	-	0	0	0
Long-Term Accounts Receivable	0.37	0.38	-	-	-
Other Long-Term Assets	-	0.02	-	0.02	0.02
Total Assets	2.04	1.16	0.87	1.85	2.32
Accounts Payable	0.19	0.14	0.08	0.01	0
Accrued Expenses	-	0.05	0.09	0.08	0.06
Current Portion of Leases	0.06	0.05	0.06	0.07	0.04
Other Current Liabilities	-	0.02	0.02	0.02	-
Total Current Liabilities	0.25	0.26	0.25	0.18	0.1
Long-Term Leases	0.32	0.35	0.49	0.56	0.6
Other Long-Term Liabilities	0.03	0.03	-	-	-
Total Liabilities	0.59	0.64	0.74	0.74	0.7
Common Stock	1.15	0.44	0.14	0.14	0.09
Additional Paid-In Capital	3.35	2.64	2.05	2	1.51
Retained Earnings	-3.43	-2.93	-2.25	-1.16	-0.05
Comprehensive Income & Other	0.38	0.38	0.19	0.14	0.07
Shareholders' Equity	1.45	0.53	0.13	1.12	1.62
Total Liabilities & Equity	2.04	1.16	0.87	1.85	2.32
Total Debt	0.38	0.4	0.56	0.63	0.64
Net Cash (Debt)	0.09	-0.18	-0.39	-0.14	0.78
Net Cash Per Share	0.00	-0.01	-0.03	-0.01	0.09
Filing Date Shares Outstanding	91.13	115.26	43.22	13.99	9.25
Total Common Shares Outstanding	91.13	43.89	14.4	13.99	9.25
Working Capital	1.43	0.51	0.03	1.02	1.5
Book Value Per Share	0.02	0.01	0.01	0.08	0.17
Tangible Book Value	1.45	0.53	0.13	1.12	1.61
Tangible Book Value Per Share	0.02	0.01	0.01	0.08	0.17
Machinery	-	0.01	0.09	0.09	0.07

Source: S&P Capital IQ. Standard template. Financial Sources.