Steppe Gold Balance Sheet

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

Millions USD. 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	68.3	47.13	14.9	1.99	1.8
Short-Term Investments	104.2	97.35	-	-	-
Cash & Short-Term Investments	172.49	144.48	14.9	1.99	1.8
Cash Growth	19.39%	869.46%	648.52%	10.92%	-
Other Receivables	4.91	5.57	1.92	1.23	1.48
Receivables	4.91	5.57	1.92	1.23	1.48
Inventory	35.2	62.76	20.85	16.51	11.63
Prepaid Expenses	0.22	0.13	0.01	0.09	0.06
Other Current Assets	4.41	2.85	2.95	3.43	3.64
Total Current Assets	217.22	215.8	40.64	23.25	18.61
Property, Plant & Equipment	139.51	132.38	49.92	65.45	67.1
Long-Term Investments	0.23	0.32	156.74	139.93	115.71
Other Intangible Assets	-	-	-	0.57	1.07
Long-Term Deferred Tax Assets	0.8	0.89	-	-	-
Other Long-Term Assets	0.62	2.76	-	-	-
Total Assets	358.38	352.14	247.3	229.19	202.49
Accounts Payable	-	-	-	5.98	4.19
Accrued Expenses	3.36	1.73	0.89	0.5	0.7
Short-Term Debt	7.21	6.91	-	-	-
Current Portion of Long-Term Debt	63.15	19.59	82.6	28.09	40.65
Current Portion of Leases	0.31	0.31	-	-	-
Current Income Taxes Payable	13.72	17.97	11.36	4.69	5.68
Current Unearned Revenue	0.08	-	-	-	-
Other Current Liabilities	22.05	18.26	31.75	0.14	0.16
Total Current Liabilities	109.89	64.77	126.6	39.41	51.39
Long-Term Debt	58.48	160.03	2.82	89.62	85.95
Long-Term Leases	0.32	0.31	-	-	-
Long-Term Deferred Tax Liabilities	-	-	2.7	5.27	4.88
Other Long-Term Liabilities	46.87	16.97	12	12.2	13.43
Total Liabilities	215.55	242.08	144.11	146.5	155.65
Common Stock	55.42	55.42	3	3	3
Retained Earnings	88.98	56.24	100.18	62.82	26.98
Comprehensive Income & Other	-1.51	-1.57	-	16.87	16.87
Total Common Equity	142.89	110.09	103.18	82.69	46.85
Minority Interest	-0.06	-0.03	-	-	-
Shareholders' Equity	142.83	110.07	103.18	82.69	46.85
Total Liabilities & Equity	358.38	352.14	247.3	229.19	202.49
Total Debt	129.48	187.15	85.42	117.72	126.6
Net Cash (Debt)	43.02	-42.67	-70.52	-115.72	-124.8
Net Cash Per Share	0.17	-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	107.34	151.02	-85.96	-16.16	-32.79
Book Value Per Share	0.57	0.44	34.39	27.56	15.62
Tangible Book Value	142.89	110.09	103.18	82.12	45.77
Tangible Book Value Per Share	0.57	0.44	34.39	27.37	15.26
Buildings	-	-	-	18.94	18.86
Machinery	-	-	-	138.78	127.6
Construction In Progress	54.1	57.52	1.52	-	-

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