Steppe Gold Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
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
Cash & Equivalents	5.61	47.13	14.9	1.99	1.8
Short-Term Investments	102.47	97.35	-	-	-
Cash & Short-Term Investments	108.08	144.48	14.9	1.99	1.8
Cash Growth	2680.53%	869.46%	648.52%	10.92%	-
Other Receivables	3.36	5.57	1.92	1.23	1.48
Receivables	3.36	5.57	1.92	1.23	1.48
Inventory	76.35	62.76	20.85	16.51	11.63
Prepaid Expenses	6.03	0.13	0.01	0.09	0.06
Other Current Assets	-	2.85	2.95	3.43	3.64
Total Current Assets	193.82	215.8	40.64	23.25	18.61
Property, Plant & Equipment	147.05	133.24	49.92	65.45	67.1
Long-Term Investments	0.24	0.32	156.74	139.93	115.71
Other Intangible Assets	-	-	-	0.57	1.07
Long-Term Deferred Tax Assets	1.62	0.89	-	-	-
Other Long-Term Assets	-	1.9	-	-	-
Total Assets	342.71	352.14	247.3	229.19	202.49
Accounts Payable	-	-	-	5.98	4.19
Accrued Expenses	2.27	1.73	0.89	0.5	0.7
Short-Term Debt	6.31	6.91	-	-	-
Current Portion of Long-Term Debt	38.05	19.59	82.6	28.09	40.65
Current Portion of Leases	1.72	0.31	-	-	-
Current Income Taxes Payable	5.68	17.97	11.36	4.69	5.68
Other Current Liabilities	15.29	18.26	31.75	0.14	0.16
Total Current Liabilities	69.32	64.77	126.6	39.41	51.39
Long-Term Debt	115.31	160.03	2.82	89.62	85.95
Long-Term Leases	3.08	0.31	-	-	-
Long-Term Deferred Tax Liabilities	-	-	2.7	5.27	4.88
Other Long-Term Liabilities	22.35	16.97	12	12.2	13.43
Total Liabilities	210.05	242.08	144.11	146.5	155.65
Common Stock	55.42	55.42	3	3	3
Retained Earnings	78.92	56.24	100.18	62.82	26.98
Comprehensive Income & Other	-1.6	-1.57	-	16.87	16.87
Total Common Equity	132.74	110.09	103.18	82.69	46.85
Minority Interest	-0.08	-0.03	-	-	-
Shareholders' Equity	132.66	110.07	103.18	82.69	46.85
Total Liabilities & Equity	342.71	352.14	247.3	229.19	202.49
Total Debt	164.47	187.15	85.42	117.72	126.6
Net Cash (Debt)	-56.39	-42.67	-70.52	-115.72	-124.8
Net Cash Per Share	-0.20	-0.22	-0.49	-38.57	-41.60
Filing Date Shares Outstanding	252.83	252.83	3	3	3
Total Common Shares Outstanding	252.83	252.83	3	3	3
Working Capital	124.5	151.02	-85.96	-16.16	-32.79
Book Value Per Share	0.53	0.44	34.39	27.56	15.62
Tangible Book Value	132.74	110.09	103.18	82.12	45.77
Tangible Book Value Per Share	0.53	0.44	34.39	27.37	15.26
Buildings	-	-	-	18.94	18.86
Machinery	-	-	-	138.78	127.6
Construction In Progress	66.28	57.52	1.52	-	-

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