Century Global's Dec. 31 cash at $2.3-million

Executive Summary

• Century Global Commodities Corp. has filed its condensed consolidated interim financial statements and Management Discussion and Analysis (MD&A) for the third fiscal quarter ended December 31, 2025.
• The company reported unrestricted free cash, bank deposits, and marketable securities totaling $2.3 million as of December 31, 2025, a decrease from $4.2 million at the end of the previous fiscal year (March 31, 2025).
• Net working capital stood at $5.2 million as of December 31, 2025 (down from $6 million in March 2025), which management states is adequate to cover near-term administrative and basic mineral property development expenses.

Key Details

• Financial Position (Dec 31, 2025):
  • Unrestricted free cash, bank deposits, and marketable securities: $2.3 million.
  • Net working capital: $5.2 million.
• Comparative Financial Position (March 31, 2025):
  • Unrestricted free cash, bank deposits, and marketable securities: $4.2 million.
  • Net working capital: $6.0 million.
• Liquidity Statement: The company states its current cash position is adequate to cover near-term continuing administrative and basic mineral properties development expenses.
• Financing Strategy: As a resource exploration and development company, Century continues to seek additional financing to complete the development of its projects.
• Project Update (Joyce Lake): The Joyce Lake direct-shipping iron ore project in Newfoundland and Labrador has completed an updated feasibility study in 2022 and is currently undergoing environmental assessment. The project is held in Joyce Direct Iron Inc. (JDI), in which Century owns approximately 90%.
• Business Segment (Century Food): The subsidiary operates a value-adding marketing and distribution business for quality food products in Hong Kong and Macau, serving as a countercyclical cash generator for the metals business.

Notable Quotes

• "As of Dec. 31, 2025, the company had unrestricted free cash, bank deposits and marketable securities totalling $2.3-million... and a net working capital of $5.2-million... which is adequate to cover near-term continuing administrative and basic mineral properties development expenses."