Galiano Gold Inc. balance sheet GAU

Annual Quarterly

As of Dec 31, 2025, Galiano Gold Inc. had total assets of $599.1 million and total liabilities of $377.4 million. Total assets were up 19.7% from a year earlier. Stockholders' equity was $221.7 million. It held $108.3 million in cash and investments against $37.1 million of total debt, net cash of $71.3 million. The current ratio, current assets divided by current liabilities, was 0.92.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Assets
Cash	108 +2.4%	106 +91.4%	55 -1.5%	56 +4.8%	54 -13.9%	62 +99.8%	31 +200.3%	10 -79.0%	49
Cash and investments	108 +2.4%	106 +91.4%	55 -1.5%	56 +4.8%	54 -13.9%	62 +99.8%	31 +200.3%	10 -79.0%	49
Receivables	—	—	0 -46.3%	0 -1.8%	0 -70.4%	0 +15.5%	0 -31.8%	0 -88.9%	2
Inventory	71 +65.3%	43	—	—	—	—	—	—	34
Total current assets	202 +22.1%	166 +190.0%	57 -2.6%	59 -5.0%	62 -5.9%	66 +83.1%	36 +173.2%	13 -86.0%	94
Property and equipment, net	389 +18.0%	329 +146312.9%	0 +309.1%	0 -40.9%	0 -12.3%	0 +17.8%	0 -21.1%	0 -100.0%	598
Total assets	599 +19.7%	500 +134.6%	213 +18.6%	180 +32.1%	136 -33.1%	204 +40.9%	145 -53.8%	313 -55.9%	709
Liabilities and equity
Accounts payable	87 +58.1%	55 +364.2%	12 +174.0%	4 +70.7%	3 -28.0%	4 +57.7%	2 -35.7%	3 -92.8%	48
Total current liabilities	221 +99.1%	111 +824.4%	12 +106.5%	6 +119.6%	3 -26.9%	4 +56.2%	2 -33.3%	3 -95.9%	84
Total liabilities	377 +49.4%	253 +1939.6%	12 +99.6%	6 +80.7%	3 -27.1%	5 +45.0%	3 -13.9%	4 -98.6%	276
Stockholders' equity	222 -10.5%	248 +23.3%	201 +15.7%	174 +30.8%	133 -33.2%	199 +40.8%	141 -54.3%	309 -28.6%	433
Debt
Debt due within a year	—	—	—	—	—	—	—	0 -100.0%	36
Long-term debt	—	—	—	—	—	—	—	—	119
Lease liabilities	37 -4.6%	39 +19048.8%	0 -35.4%	0 -25.1%	0 -18.6%	1 -13.7%	1	—	—
Total debt	37 -4.6%	39 +19048.8%	0 -35.4%	0 -25.1%	0 -18.6%	1 -13.7%	1	0 -100.0%	156
Net cash	71 +6.5%	67 +21.5%	55 -1.3%	56 +5.1%	53 -13.8%	62 +102.0%	31 +194.6%	10 +109.7%	-106
Ratios
Current ratio	0.92x	1.49x	4.76x	10.10x	23.33x	18.12x	15.45x	3.77x	1.11x
Debt to equity	0.17x	0.16x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.36x
Debt to EBITDA	—	—	—	—	—	—	—	—	1.39x
Return on equity	-13.90%	3.45%	12.98%	23.50%	-51.88%	28.85%	-118.88%	-45.72%	1.46%
Return on assets	-5.14%	1.71%	12.23%	22.69%	-50.58%	28.18%	-116.21%	-45.17%	0.89%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels) (SIC 1400)
Listed as: GAU (NYSE)
Fiscal year ends: December 31
Incorporated in: British Columbia, Canada
Headquarters: Vancouver
SEC filer status: , Emerging growth company
SEC CIK: 1377757
Former names: Asanko Gold Inc. (until Apr 16, 2020); Keegan Resources Inc. (until Feb 28, 2013)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.