Briefing
Exploration and evaluation costs, incurred associated with specific mineral rights and properties prior to demonstrable technical feasibility and commercial viability of extracting a mineral resource, are capitalized. Key points: Exploration and evaluation costs, incurred associated with specific mineral rights and properties prior to demonstrable technical feasibility and commercial viability of extracting a mineral resource, are capitalized; Property, plant and equipment are subsequently measured at cost less accumulated depreciation and applicable impairment losses; Financial assets classified as amortized cost are measured using the effective interest method; Financial assets classified as FVTPL are measured at fair value with changes in fair values recognized in profit or loss; Subsequent measurement of financial liabilities: Financial liabilities classified as amortized cost are measured using the effective interest method; The following table sets forth the Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy as at June 30, 2026 and June 30, 2025 that are not otherwise dis. This brief is based on the cited source artifact and is intended as a research entry point, not a replacement for the original source or EGM canonical data tables.
Source Notes
Exploration and evaluation costs, incurred associated with specific mineral rights and properties prior to demonstrable technical feasibility and commercial viability of extracting...
Extractive summary evidence · source
Property, plant and equipment are subsequently measured at cost less accumulated depreciation and applicable impairment losses.
Extractive summary evidence 2 · source
Financial assets classified as amortized cost are measured using the effective interest method.
Extractive summary evidence 3 · source
Financial assets classified as FVTPL are measured at fair value with changes in fair values recognized in profit or loss.
Extractive summary evidence 4 · source
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# Jun 30, 2026 Year-End Audited Consolidated Financial Statements Source: https://www.newpacificmetals.com/wp-content/uploads/2026/09/Final_FY2026_Q4_NUAG_IFRS_FS.pdf Fetched: 2026-09-07T06:38:00.211+00:00 Source artifact: a8e8885b-5da8-44cd-ab5d-baa4f70746c7 Normalizer input: text ## Content # Jun 30, 2026 Year-End Audited Consolidated Financial Statements CONSOLIDATED FINANCIAL STATEMENTS June 30, 2026 and 2025 (Expressed in United States Dollars) REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders and the Board of Directors of New Pacific Metals Corp. Opinion on the Financial Statements We have audited the accompanying consolidated statements of financial position of New Pacific Metals Corp. and subsidiaries (the “Company”) as of June 30, 2026 and 2025, the related consolidated statements of loss, comprehensive loss, change in equity, and cash flows, for each of the two years in the period ended June 30, 2026, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2026 and 2025, and its financial performance and its cash flows for each of the two years in the period ended June 30, 2026, in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (IASB). Basis for Opinion These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ Deloitte LLP Chartered Professional Accountants Vancouver, Canada September 3, 2026 We have served as the Company's auditor since 2004. New Pacific Metals Corp. Consolidated Statements of Financial Position (Expressed in US dollars) Notes June 30, 2026 June 30, 2025 ASSETS Current Assets Cash and cash equivalents 15 $ 38,565,329 $ 16,839,959 Receivables 81,208 21,467 Deposits and prepayments 243,330 232,743 38,889,867 17,094,169 Non-current Assets Equity investments 3 - 54,020 Property, plant and equipment 5 936,947 1,132,797 Mineral property interests 6 120,675,217 116,934,365 TOTAL ASSETS $ 160,502,031 $ 135,215,351 LIABILITIES AND EQUITY Current Liabilities Accounts payable and accrued liabilities 7 $ 936,142 $ 835,763 Due to a related party 8 189,655 91,687 1,125,797 927,450 Total Liabilities 1,125,797 927,450 Equity Share capital 9 215,380,495 183,315,257 Share-based payment reserve 19,454,623 20,676,968 Accumulated other comprehensive income 7,133,553 8,697,745 Deficit (82,592,437) (78,402,069) Total equity attributable to the equity holders of the Company 159,376,234 134,287,901 Total Equity 159,376,234 134,287,901 TOTAL LIABILITIES AND EQUITY $ 160,502,031 $ 135,215,351 Approved on behalf of the Board: (Signed) Maria Tang Director (Signed) Jalen Yuan CEO See accompanying notes to the consolidated financial statements. Page | 1 New Pacific Metals Corp. Consolidated Statements of Loss (Expressed in US dollars) Years ended June 30, Notes 2026 2025 Operating expense Project evaluation and corporate development $ (27,484) $ (35,934) Depreciation 5 (170,399) (196,539) Filing and listing (367,246) (279,164) Corporate affairs and investor relations (498,083) (371,145) Professional fees (624,446) (499,586) Salaries and benefits (1,827,478) (1,708,009) Office and administration (996,210) (1,273,737) Share-based compensation 9(b) (1,441,940) (1,611,845) (5,953,286) (5,975,959) Other income Income from investments 4 $ 1,011,463 $ 787,597 Loss on disposal of property, plant and equipment 5 (21,431) - Foreign exchange gain 772,886 1,408,140 1,762,918 2,195,737 Net loss $ (4,190,368) $ (3,780,222) Attributable to: Equity holders of the Company $ (4,190,368) $ (3,757,057) Non-controlling interests 10 - (23,165) Net loss $ (4,190,368) $ (3,780,222) Loss per share attributable to the equity holders of the Company Loss per share - basic and diluted $ (0.02) $ (0.02) Weighted average number of common shares - basic and diluted 180,599,824 171,635,884 See accompanying notes to the consolidated financial statements. Page | 2 New Pacific Metals Corp. Consolidated Statements of Comprehensive Loss (Expressed in US dollars) Years ended June 30, Notes 2026 2025 Net loss $ (4,190,368) $ (3,780,222) Other comprehensive loss, net of taxes: Items that may subsequently be reclassified to net loss: Currency translation adjustment, net of tax of $nil (1,564,192) (265,933) Items reclassified to net income: Cumulative translation adjustment upon wind-up of a subsidiary - (464,256) Other comprehensive loss, net of taxes $ (1,564,192) $ (730,189) Attributable to: Equity holders of the Company $ (1,564,192) $ (613,655) Non-controlling interests - (116,534) Other comprehensive loss, net of taxes $ (1,564,192) $ (730,189) Total comprehensive loss, net of taxes $ (5,754,560) $ (4,510,411) Attributable to: Equity holders of the Company $ (5,754,560) $ (4,370,712) Non-controlling interests - (139,699) Total comprehensive loss, net of taxes $ (5,754,560) $ (4,510,411) See accompanying notes to the consolidated financial statements. Page | 3 New Pacific Metals Corp. Consolidated Statements of Cash Flows (Expressed in US dollars) Years ended June 30, Notes 2026 2025 Operating activities Net loss $ (4,190,368) $ (3,780,222) Add (deduct) items not affecting cash: Income from investments 4 (1,011,463) (787,597) Depreciation 5 170,399 196,539 Loss on disposal of property, plant and equipment 5 21,431 - Share-based compensation 9(b) 1,441,940 1,611,845 Foreign exchange gain (772,886) (1,408,140) Changes in non-cash operating working capital 14 (90,195) 165,280 Interest received 4 937,453 741,190 Net cash used in operating activities (3,493,689) (3,261,105) Investing activities Mineral property interest Capital expenditures (3,864,923) (2,968,726) Proceeds on disposals - - Property, plant and equipment Additions 5 (34,413) (85,120) Proceeds on disposals 5 44,000 - Equity investments Proceeds on disposals 127,184 307,750 Net cash used in investing activities (3,728,152) (2,746,096) Financing activities Proceeds from issuance of common shares for bought 9(c) 27,009,239 - deal, net of transaction and issuance costs Proceeds from issuance of common shares for option exercised 1,994,238 6,346 Net cash provided by financing activities 29,003,477 6,346 Effect of exchange rate changes on cash (56,266) 890,603 Increase (decrease) in cash 21,725,370 (5,110,252) Cash and cash equivalents, beginning of the year 16,839,959 21,950,211 Cash and cash equivalents, end of the yaer $ 38,565,329 $ 16,839,959 Supplementary cash flow information 15 See accompanying notes to the consolidated financial statements. Page | 4 New Pacific Metals Corp. Consolidated Statements of Change in Equity (Expressed in US dollars) Share capital Total equity Number of Share-based Accumulated other attributable to the Non- common payment comprehensive equity holders of controlling Notes shares issued Amount reserve income (loss) Deficit the Company interests Total equity Balance, July 1, 2024 171,299,119 $ 182,010,834 $ 19,931,083 $ 9,311,400 $ (74,645,012) $ 136,608,305 $ (156,366) $ 136,451,939 Options exercised 9(b)(i) 4,167 8,641 (2,295) - - 6,346 - 6,346 Restricted share units vested 9(b)(ii) 601,015 1,295,782 (1,295,782) - - - - - Share-based compensation 9(b) - - 2,043,962 - - 2,043,962 - 2,043,962 Disposal upon wind-up of a subsidiary 10 - - - - - - 296,065 296,065 Net loss - - - - (3,757,057) (3,757,057) (23,165) (3,780,222) Currency translation adjustment - - - (613,655) - (613,655) (116,534) (730,189) Balance, June 30, 2025 171,904,301 183,315,257 20,676,968 8,697,745 (78,402,069) 134,287,901 - 134,287,901 Options exercised 9(b)(i) 900,027 2,924,025 (929,787) - - 1,994,238 - 1,994,238 Restricted share units distributed 9(b)(ii) 1,017,696 2,131,974 (2,131,974) - - - - - Share-based compensation 9(b) - - 1,839,416 - - 1,839,416 - 1,839,416 Net common shares issued through 9(c) 11,385,000 27,009,239 - - - 27,009,239 - 27,009,239 bought deal financing Net loss - - - - (4,190,369) (4,190,369) - (4,190,369) Currency translation adjustment - - - (1,564,191) - (1,564,191) - (1,564,191) Balance, June 30, 2026 185,207,024 $ 215,380,495 $ 19,454,623 $ 7,133,554 $ (82,592,438) $ 159,376,234 $ - $ 159,376,234 See accompanying notes to the consolidated financial statements. Page | 5 New Pacific Metals Corp. Notes to the Consolidated Financial Statements (Expressed in US dollars) 1. CORPORATE INFORMATION New Pacific Metals Corp. along with its subsidiaries (collectively, the “Company” or “New Pacific”) is a Canadian mining issuer engaged in exploring and developing mineral properties in Bolivia. The Company is in the stage of exploring and advancing the development of its mineral properties and has not yet determined if they contain economically recoverable mineral reserves. The underlying value and the recoverability of the amounts shown for mineral property interests are entirely dependent upon the existence of recoverable mineral reserves, the ability of the Company to obtain the necessary financing to complete the exploration and development of the mineral properties, and future profitable production or proceeds from the disposition of the mineral property interests. The Company is publicly listed on the Toronto Stock Exchange (“TSX”) under the symbol “NUAG” and on the NYSE American stock exchange (“NYSE-A”) under the symbol “NEWP”. The head office, registered address and records office of the Company are located at 1066 Hastings Street, Suite 1750, Vancouver, British Columbia, Canada, V6E 3X1. 2. MATERIAL ACCOUNTING POLICY INFORMATION (a) Statement of Compliance and Basis of Preparation These consolidated financial statements have been prepared in accordance with IFRS® Accounting Standards as issued by the International Accounting Standards Board (“IASB”). The policies applied in these consolidated financial statements are based on IFRS Accounting Standards in effect as of June 30, 2026. These consolidated financial statements have been prepared on a going concern basis. The consolidated financial statements of the Company as at and for the year ended June 30, 2026 and 2025 were approved and authorized for issuance in accordance with a resolution of the Board of Directors (the “Board”) dated on September 1, [Excerpt trimmed for readability. Open the original source for the complete filing or document.]