Brazilian Rare Earths Balance Sheet

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	136.9	26.49	48.84	18.43	0.2
Short-Term Investments	25.46	55.2	-	-	-
Cash & Short-Term Investments	162.36	81.69	48.84	18.43	0.2
Cash Growth	98.77%	67.24%	165.02%	8990.12%	-
Other Receivables	2.01	1.36	0.12	1.15	0.14
Receivables	2.01	1.36	0.12	1.15	0.14
Prepaid Expenses	1.42	1.18	0.43	0.04	0.01
Other Current Assets	0.16	0.07	-	-	-
Total Current Assets	165.96	84.29	49.4	19.62	0.36
Property, Plant & Equipment	4.71	3.21	1.46	0.42	0.07
Other Long-Term Assets	0.36	0.45	0.54	-	-
Total Assets	171.02	87.96	51.4	20.04	0.42
Accounts Payable	2.26	1.27	2.14	0.57	0.02
Accrued Expenses	4.18	2.12	-	-	-
Short-Term Debt	-	-	-	20.72	-
Current Portion of Leases	1.19	1.24	-	-	-
Other Current Liabilities	0.91	0.52	10.02	0.28	0
Total Current Liabilities	8.55	5.16	12.16	21.57	0.02
Long-Term Leases	0.35	0.69	-	-	-
Other Long-Term Liabilities	-	-	3.41	-	-
Total Liabilities	8.9	5.84	15.58	21.57	0.02
Common Stock	324.09	207.92	112.25	7.24	0.63
Retained Earnings	-176.15	-134.09	-77.83	-8.75	-0.85
Comprehensive Income & Other	14.19	8.28	1.4	-0.02	0.62
Shareholders' Equity	162.12	82.11	35.82	-1.53	0.4
Total Liabilities & Equity	171.02	87.96	51.4	20.04	0.42
Total Debt	1.55	1.93	-	20.72	-
Net Cash (Debt)	160.82	79.76	48.84	-2.29	0.2
Net Cash Growth	101.64%	63.29%	-	-	-
Net Cash Per Share	0.64	0.34	0.26	-0.02	0.01
Filing Date Shares Outstanding	275.81	248.35	214.11	136.15	29.48
Total Common Shares Outstanding	274.63	246.54	214.11	136.15	29.48
Working Capital	157.41	79.14	37.23	-1.95	0.34
Book Value Per Share	0.59	0.33	0.17	-0.01	0.01
Tangible Book Value	162.12	82.11	35.82	-1.53	0.4
Tangible Book Value Per Share	0.59	0.33	0.17	-0.01	0.01

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