SEDAR Interim Financial Statements

[
  {
    "companyName": "NanoXplore Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 30144435,
      "accountsReceivableAndContractAsset": 22704489,
      "inventory": 15984834,
      "prepaidExpensesAndOtherAssets": 1625344,
      "totalCurrentAssets": 70459102,
      "leaseDeposits": 250797,
      "equipmentDeposits": 5343954,
      "rightOfUseAssets": 18369255,
      "propertyPlantAndEquipment": 67162939,
      "intangibleAssets": 11640830,
      "goodwill": 1919673,
      "deferredTaxAssets": 4200677,
      "totalNonCurrentAssets": 108882125,
      "totalAssets": 179347227,
      "operatingLoans": 693184,
      "accountsPayableAndAccruedLiabilities": 12849736,
      "incomeTaxesPayable": 0,
      "contractLiability": 250838,
      "currentPortionOfLeaseLiability": 3564025,
      "currentPortionOfLongTermDebt": 4392042,
      "totalCurrentLiabilities": 21749825,
      "definedBenefitLiabilities": 637875,
      "leaseLiability": 26030689,
      "longTermDebt": 9530376,
      "deferredTaxLiabilities": 4158451,
      "totalNonCurrentLiabilities": 40357391,
      "totalLiabilities": 62107216,
      "shareCapital": 207319700,
      "reserve": 7651719,
      "foreignCurrencyTranslationReserve": 271889,
      "deficit": -98003297,
      "totalShareholdersEquity": 117240011,
      "totalLiabilitiesAndShareholdersEquity": 179347227,
      "cashPerShare": 0.1729,
      "workingCapitalPerShare": 0.2792
    },
    "incomeStatement": {
      "revenuesFromCustomers": 26928115,
      "otherIncome": 652175,
      "totalRevenues": 27580290,
      "costOfSales": 21145796,
      "researchAndDevelopmentExpenses": 1010755,
      "sellingGeneralAndAdministrativeExpenses": 5083384,
      "shareBasedCompensationExpenses": 271421,
      "depreciationProduction": 2284743,
      "depreciationOther": 366407,
      "amortization": 481814,
      "foreignExchange": 681567,
      "totalCostOfSalesAndExpenses": 31325887,
      "operatingLoss": -3745597,
      "interestOnOperatingLoansAndLongTermDebt": -102534,
      "interestAccretionOnLeaseLiability": -473912,
      "interestRevenue": 134854,
      "lossBeforeIncomeTaxes": -4187189,
      "currentIncomeTaxExpense": -468687,
      "deferredIncomeTaxRecovery": 819470,
      "totalIncomeTaxExpense": 350783,
      "loss": -3836406,
      "exchangeDifferencesOnTranslationOfForeignSubsidiaries": 368759,
      "retirementBenefitsNetActuarialGainLoss": 191490,
      "totalComprehensiveLoss": -3276157,
      "lossPerShareBasicAndDiluted": -0.02,
      "weightedAverageNumberOfCommonSharesOutstanding": 177922145
    },
    "cashFlowStatement": {
      "loss": -7612736,
      "depreciationAndAmortization": 6088280,
      "shareBasedCompensationExpenses": 475967,
      "interestAccretionOnLeaseLiability": 822221,
      "interestAccretionOnLongTermDebt": 27559,
      "deferredIncomeTaxRecovery": -1773965,
      "differenceBetweenAmountsPaidForEmployeeBenefitsAndCurrentYearExpenses": 11989,
      "netChangeInFairValueOfForeignExchangeDerivatives": 192331,
      "unrealizedForeignExchange": 371644,
      "changesInNonCashOperatingWorkingCapitalItems": {
        "accountsReceivableAndContractAsset": -2089888,
        "inventory": 764186,
        "prepaidExpensesAndOtherAssets": -46207,
        "accountsPayableAndAccruedLiabilities": -7417031,
        "incomeTaxesPayable": -850251,
        "contractLiability": -1639871
      },
      "cashFlowsFromOperatingActivities": -12675772,
      "issuanceOfCommonShares": 25728840,
      "issuingCosts": -1441343,
      "exerciseOfStockOptions": 234000,
      "variationOfOperatingLoans": -173296,
      "propertyPlantAndEquipmentFinancedThroughTheLeasingFacility": 0,
      "issuanceOfLongTermDebt": 10700400,
      "repaymentOfLeaseLiability": -2434883,
      "repaymentOfLongTermDebt": -1122733,
      "cashFlowsFromFinancingActivities": 31490985,
      "additionsToIntangibleAssets": -643788,
      "additionsToPropertyPlantAndEquipment": -5753229,
      "variationOfEquipmentDeposits": -875094,
      "disposalOfPropertyPlantAndEquipment": 0,
      "cashFlowsFromInvestingActivities": -7272111,
      "changeInCashAndCashEquivalents": 11543102,
      "netEffectOfCurrencyExchangeRateOnCash": 13373,
      "cashAndCashEquivalentsBeginningOfPeriod": 18587960,
      "cashAndCashEquivalentsEndOfPeriod": 30144435,
      "interestOnOperatingLoansLongTermDebtAndLeaseLiabilityPaid": 979488,
      "additionsToPropertyPlantAndEquipmentIncludedInAccountsPayableAndAccruedLiabilities": 165762
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "CEBO Injections SA (Switzerland) - 100% equity interest",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Advanced Materials, Plastics and Composite Products segment"
      },
      {
        "type": "Subsidiary",
        "description": "NanoXplore Holdings USA, Inc. (USA) - 100% equity interest",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Holds NanoXplore USA, Inc. and RMC Advanced Technologies Inc. Advanced Materials, Plastics and Composite Products segment"
      },
      {
        "type": "Subsidiary",
        "description": "Sigma Industries Inc. (Canada) - 100% equity interest",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Has wholly owned subsidiaries Faroex Ltd. and Rene Composite Materials Ltd. Advanced Materials, Plastics and Composite Products segment"
      },
      {
        "type": "Subsidiary",
        "description": "Canuck Compounders Inc. (Canada) - 100% equity interest",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Advanced Materials, Plastics and Composite Products segment"
      },
      {
        "type": "Subsidiary",
        "description": "VoltaXplore Inc. (Canada) - 100% equity interest",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Battery Cells and Materials segment"
      }
    ],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": 181428781,
      "classesOfShares": ["Common shares"],
      "warrants": [],
      "options": [
        {
          "number": 1330043,
          "exercisePrice": 2.21,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthPeriodEndedDec312025": {
          "shareBasedCompensationExpenses": 271421
        },
        "sixMonthPeriodEndedDec312025": {
          "shareBasedCompensationExpenses": 475967
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Martinrea (subsidiaries)",
          "description": "Purchases of graphene-enhanced products and tooling products",
          "amount": 931607,
          "period": "Three-month period ended December 31, 2025"
        },
        {
          "counterparty": "Martinrea (subsidiaries)",
          "description": "Purchases of graphene-enhanced products and tooling products",
          "amount": 397813,
          "period": "Six-month period ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]