SEDAR Interim Financial Statements

[
  {
    "companyName": "Mongolia Growth Group Ltd.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "asOfDates": ["2025-09-30", "2024-12-31"],
      "assets": {
        "cashAndCashEquivalents": [35767357, 13286090],
        "marketableSecurities": [null, 32205889],
        "dueFromBroker": [52163, 3246],
        "otherAssets": [58815, 58575],
        "propertyAndEquipment": [1652514, 1776992],
        "totalCurrentAssets": [35878335, 45553800],
        "totalAssets": [37530849, 47330792]
      },
      "liabilities": {
        "tradePayablesAndAccruedLiabilities": [258901, 497687],
        "unearnedRevenue": [887527, 950615],
        "dueToBroker": [2367553, 5341296],
        "incomeTaxPayable": [30011, null],
        "deferredIncomeTaxLiability": [null, 173000],
        "totalCurrentLiabilities": [3543992, 6789598],
        "totalLiabilities": [3543992, 6962598]
      },
      "equity": {
        "shareCapital": [47770719, 48046823],
        "contributedSurplus": [6849976, 6849976],
        "accumulatedOtherComprehensiveGain": [133543, 278786],
        "deficit": [-20767381, -14807391],
        "totalEquity": [33986857, 40368194]
      },
      "derivedMetrics": {
        "cashPerShare": [1.3995, 0.5088],
        "workingCapitalPerShare": [1.2648, 1.4840]
      }
    },
    "incomeStatement": {
      "periods": ["nineMonthsEnded2025-09-30", "nineMonthsEnded2024-09-30", "threeMonthsEnded2025-09-30", "threeMonthsEnded2024-09-30"],
      "revenue": {
        "rentalIncome": [64345, 74822, 22063, 24195],
        "subscriptionRevenue": [1545883, 2001446, 446594, 634104],
        "totalRevenue": [1610228, 2076268, 468657, 658299]
      },
      "expenses": {
        "salariesAndWages": [321343, 452954, 205025, 83083],
        "otherExpenses": [1919900, 2167106, 655624, 857101],
        "depreciation": [65178, 61862, 21397, 20893],
        "totalOperatingExpenses": [-2306421, -2681922, -882046, -961077]
      },
      "otherIncomeLoss": {
        "interestIncome": [1833, -35847, 609, -84042],
        "unrealizedLossOnShortTermInvestments": [-3293692, -1149142, 2048625, -552035],
        "realizedGainLossOnShortTermInvestments": [-1875617, 1443483, -1793999, -11931],
        "realizedLossOnDigitalAssets": [null, -72254, null, null],
        "foreignCurrencyGainLoss": [-199497, 42680, 266095, -49558],
        "totalOtherIncomeLoss": [-5366973, 228920, 521330, -697566]
      },
      "netIncomeLossBeforeIncomeTaxes": [-6063166, -376734, 107941, -1000344],
      "incomeTaxRecoveryExpense": [103176, -231481, -29925, 239191],
      "netIncomeLossForPeriod": [-5959990, -608215, 78016, -761153],
      "earningsPerShare": {
        "basic": [-0.23, -0.02, 0.00, -0.03],
        "diluted": [-0.23, -0.02, 0.00, -0.03]
      },
      "weightedAverageSharesOutstanding": {
        "basic": 25555596,
        "diluted": 25555596
      }
    },
    "cashFlowStatement": {
      "periods": ["nineMonthsEnded2025-09-30", "nineMonthsEnded2024-09-30"],
      "operatingActivities": {
        "netIncomeLoss": [-5959990, -608215],
        "depreciation": [65178, 61862],
        "deferredTaxes": [-173000, -24007],
        "unrealizedLossOnMarketableSecurities": [3293692, 1149142],
        "realizedLossGainOnMarketableSecurities": [1875617, -1443483],
        "realizedLossOnDigitalAssets": [null, 72254],
        "changesInNonCashWorkingCapital": [-3294763, -6934190],
        "netCashFromOperatingActivities": [-4193266, -7726637]
      },
      "investingActivities": {
        "netSaleOfMarketableSecurities": [27036580, 3548486],
        "acquisitionOfPropertyAndEquipment": [null, -203018],
        "saleOfDigitalAssets": [null, 381771],
        "netCashFromInvestingActivities": [27036580, 3727239]
      },
      "financingActivities": {
        "shareRepurchase": [-276104, -1515886],
        "cebaLoan": [null, -20000],
        "netCashFromFinancingActivities": [-276104, -1535886]
      },
      "netIncreaseDecreaseInCash": [22481267, -5561586],
      "cashBeginningOfPeriod": [13286090, 9735224],
      "cashEndOfPeriod": [35767357, 4173638]
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Equity securities, options on futures, calls",
        "ownershipPercentage": null,
        "value": 32205889,
        "notes": "Held as at December 31, 2024; valued at fair value through profit or loss"
      },
      {
        "type": "Property",
        "description": "Office property in Rincon, Puerto Rico",
        "ownershipPercentage": 100,
        "value": 1590787,
        "notes": "Net book value of building component as at September 30, 2025; held through wholly-owned subsidiary Lemontree PR LLC; subject to pending sale"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 25458699,
      "classesOfShares": ["common", "preferred"],
      "warrants": [],
      "options": [],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEnded2025-09-30": {
          "salariesAndShortTermBenefits": 392327,
          "salariesToOtherRelatedParties": null,
          "kedmProductionExpenseAndRevenueShare": 739193,
          "directorFees": 45000,
          "total": 1176520
        },
        "nineMonthsEnded2024-09-30": {
          "salariesAndShortTermBenefits": 276507,
          "salariesToOtherRelatedParties": 54712,
          "kedmProductionExpenseAndRevenueShare": 895144,
          "directorFees": 45000,
          "total": 1271363
        }
      },
      "namedIndividuals": [
        {
          "name": "Harris Kupperman",
          "title": "Chairman and Chief Executive Officer",
          "period": "nineMonthsEnded2025-09-30",
          "components": {
            "salary": null,
            "bonus": null,
            "total": null
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Praetorian PR LLC (PPR)",
          "description": "KEDM production services and revenue share",
          "amount": 739193,
          "period": "nineMonthsEnded2025-09-30"
        },
        {
          "counterparty": "Lemontree LLC",
          "description": "Agreement to purchase office property in Puerto Rico",
          "amount": 2000000,
          "period": "2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-11-03",
        "description": "Completed sale of KEDM business for assumption of deferred revenue obligations up to October 31, 2025",
        "impactValue": 845000
      },
      {
        "eventDate": null,
        "description": "Continued work towards closing the sale of office property in Rincon, Puerto Rico",
        "impactValue": null
      }
    ]
  }
]