March 31, 2026 Third Quarter Consolidated Interim Financial Statements

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# March 31, 2026 Third Quarter Consolidated Interim Financial Statements

Source: https://www.newpacificmetals.com/wp-content/uploads/2026/05/FINAL-FY2026-Q3-NUAG-IFRS-FS.pdf
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# March 31, 2026 Third Quarter Consolidated Interim Financial Statements
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS
For the three and nine months ended March 31, 2026 and 2025
(Expressed in United States Dollars)
New Pacific Metals Corp.
Unaudited Condensed Consolidated Interim Statements of Financial Position
(Expressed in US dollars)
Notes March 31, 2026 June 30, 2025
ASSETS
Current Assets
Cash and cash equivalents 12 $ 39,863,639 $ 16,839,959
Receivables 77,008 21,467
Deposits and prepayments 394,602 232,743
40,335,249 17,094,169
Non-current Assets
Equity investments - 54,020
Property, plant and equipment 4 959,914 1,132,797
Mineral property interests 5 119,475,658 116,934,365
TOTAL ASSETS $ 160,770,821 $ 135,215,351
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable and accrued liabilities 6 $ 901,608 $ 835,763
Due to a related party 7 158,445 91,687
1,060,053 927,450
Total Liabilities 1,060,053 927,450
Equity
Share capital 8 213,862,717 183,315,257
Share-based payment reserve 19,257,906 20,676,968
Accumulated other comprehensive income 8,197,177 8,697,745
Deficit (81,607,032) (78,402,069)
Total equity attributable to the equity holders of the Company 159,710,768 134,287,901
Total Equity 159,710,768 134,287,901
TOTAL LIABILITIES AND EQUITY $ 160,770,821 $ 135,215,351
Approved on behalf of the Board:
(Signed) Maria Tang
Director
(Signed) Jalen Yuan
CEO
See accompanying notes to the unaudited condensed consolidated interim financial statements.
Page | 1
New Pacific Metals Corp.
Unaudited Condensed Consolidated Interim Statements of Loss
(Expressed in US dollars)
Three months ended March 31, Nine months ended March 31,
Notes 2026 2025 2026 2025
Operating expense
Project evaluation and corporate development $ (2,948) $ (14,860) $ (27,379) $ (30,637)
Depreciation 4 (39,740) (48,405) (131,454) (148,125)
Filing and listing (109,405) (72,166) (328,101) (241,362)
Corporate affairs and investor relations (176,980) (89,791) (382,713) (292,719)
Professional fees (149,627) (87,379) (474,266) (306,608)
Salaries and benefits (519,489) (295,093) (1,383,815) (1,144,411)
Office and administration (210,294) (341,615) (747,349) (1,129,970)
Share-based compensation 8(b) (372,590) (410,615) (892,156) (1,266,213)
(1,581,073) (1,359,924) (4,367,233) (4,560,045)
Other income / (loss)
Income from investments 3 $ 290,564 $ 215,258 $ 711,286 $ 655,596
Loss on disposal of property, plant and equipment 4 (21,431) - (21,431) -
Foreign exchange gain 437,054 281,559 472,415 1,017,675
706,187 496,817 1,162,270 1,673,271
Net loss $ (874,886) $ (863,107) $ (3,204,963) $ (2,886,774)
Attributable to:
Equity holders of the Company $ (874,886) $ (863,107) $ (3,204,963) $ (2,863,609)
Non-controlling interests - - - (23,165)
Net loss $ (874,886) $ (863,107) $ (3,204,963) $ (2,886,774)
Loss per share attributable to the equity holders of the Company
Loss per share - basic and diluted $ (0.00) $ (0.01) $ (0.02) $ (0.02)
Weighted average number of common shares - basic and diluted 184,263,537 171,785,542 179,127,019 171,558,915
See accompanying notes to the unaudited condensed consolidated interim financial statements.
Page | 2
New Pacific Metals Corp.
Unaudited Condensed Consolidated Interim Statements of Comprehensive Loss
(Expressed in US dollars)
Three months ended March 31, Nine months ended March 31,
Notes 2026 2025 2026 2025
Net loss $ (874,886) $ (863,107) $ (3,204,963) $ (2,886,774)
Other comprehensive loss, net of taxes:
Items that may subsequently be reclassified to net income (loss):
Currency translation adjustment, net of tax of $nil (954,717) 29,515 (500,568) (2,002,760)
Items reclassified to net income:
Cumulative translation adjustment upon wind-up of a subsidiary - - - (464,256)
Other comprehensive (loss) income, net of taxes $ (954,717) $ 29,515 $ (500,568) $ (2,467,016)
Attributable to:
Equity holders of the Company $ (954,717) $ 29,515 $ (500,568) $ (2,350,482)
Non-controlling interests - - - (116,534)
Other comprehensive (loss) income, net of taxes $ (954,717) $ 29,515 $ (500,568) $ (2,467,016)
Total comprehensive loss, net of taxes $ (1,829,603) $ (833,592) $ (3,705,531) $ (5,353,790)
Attributable to:
Equity holders of the Company $ (1,829,603) $ (833,592) $ (3,705,531) $ (5,214,091)
Non-controlling interests - - - (139,699)
Total comprehensive loss, net of taxes $ (1,829,603) $ (833,592) $ (3,705,531) $ (5,353,790)
See accompanying notes to the unaudited condensed consolidated interim financial statements.
Page | 3
New Pacific Metals Corp.
Unaudited Condensed Consolidated Interim Statements of Cash Flows
(Expressed in US dollars)
Three months ended March 31, Nine months ended March 31,
Notes 2026 2025 2026 2025
Operating activities
Net loss $ (874,886) $ (863,107) $ (3,204,963) $ (2,886,774)
Add (deduct) items not affecting cash:
Income from investments 3 (290,564) (215,258) (711,286) (655,596)
Depreciation 4 39,740 48,405 131,454 148,125
Loss on disposal of property, plant and equipment 4 21,431 - 21,431 -
Share-based compensation 8(b) 372,590 410,615 892,156 1,266,213
Foreign exchange gain (437,054) (281,559) (472,415) (1,017,675)
Changes in non-cash operating working capital 12 41,103 (73,926) (177,672) (79,821)
Interest received 3 290,564 153,849 637,276 615,766
Net cash used in operating activities (837,076) (820,981) (2,884,019) (2,609,762)
Investing activities
Mineral property interest
Capital expenditures (1,169,265) (741,476) (2,645,215) (2,189,153)
Property, plant and equipment
Additions 4 (9,508) (37,640) (18,364) (45,488)
Proceeds on disposals 4 44,000 - 44,000 -
Equity investments
Proceeds on disposals - 307,750 127,184 307,750
Net cash used in investing activities (1,134,773) (471,366) (2,492,395) (1,926,891)
Financing activities
Proceeds from issuance of common shares for bought
8(c) - - 27,009,239 -
deal, net of transaction and issuance costs
Proceeds from issuance of common shares for option exercised 503,744 - 1,040,462 3,773
Net cash provided by financing activities 503,744 - 28,049,701 3,773
Effect of exchange rate changes on cash (215,784) 299,589 350,393 (348,097)
Increase (decrease) in cash (1,683,889) (992,758) 23,023,680 (4,880,977)
Cash and cash equivalents, beginning of the period 41,547,528 18,061,992 16,839,959 21,950,211
Cash and cash equivalents, end of the period $ 39,863,639 $ 17,069,234 $ 39,863,639 $ 17,069,234
Supplementary cash flow information 12
See accompanying notes to the unaudited condensed consolidated interim financial statements.
Page | 4
New Pacific Metals Corp.
Unaudited Condensed Consolidated Interim 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 2,500 5,086 (1,313) - 3,773 3,773
Restricted share units vested 482,680 1,014,397 (1,014,397) - - - - -
Share-based compensation - - 1,846,178 - - 1,846,178 - 1,846,178
Disposal upon wind-up of a subsidiary - - - - - - 296,065 296,065
Net loss - - - - (2,863,609) (2,863,609) (23,165) (2,886,774)
Currency translation adjustment - - - (2,350,482) - (2,350,482) (116,534) (2,467,016)
Balance, March 31, 2025 171,784,299 183,030,317 20,761,551 6,960,918 (77,508,621) 133,244,165 - 133,244,165
Options exercised 1,667 3,555 (982) - - 2,573 - 2,573
Restricted share units vested 118,335 281,385 (281,385) - - - - -
Share-based compensation - - 197,784 - - 197,784 - 197,784
Net loss - - - - (893,448) (893,448) - (893,448)
Currency translation adjustment - - - 1,736,827 - 1,736,827 - 1,736,827
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 8(b)(i) 500,037 1,516,740 (476,278) - - 1,040,462 - 1,040,462
Restricted share units distributed 8(b)(ii) 960,527 2,021,481 (2,021,481) - - - - -
Share-based compensation 8(b) - - 1,078,697 - - 1,078,697 - 1,078,697
Common shares issued through
8(c) 11,385,000 27,009,239 - - 27,009,239 - 27,009,239
bought deal financing
Net loss - - - - (3,204,963) (3,204,963) - (3,204,963)
Currency translation adjustment - - - (500,568) - (500,568) - (500,568)
Balance, March 31, 2026 184,749,865 $ 213,862,717 $ 19,257,906 $ 8,197,177 $ (81,607,032) $ 159,710,768 $ - $ 159,710,768
See accompanying notes to the unaudited condensed consolidated interim financial statements.
Page | 5
New Pacific Metals Corp.
Notes to the Unaudited Condensed Consolidated Interim Financial Statements
for the three and nine months ended March 31, 2026 and 2025
(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 unaudited condensed consolidated interim financial statements have been prepared in accordance
with IAS 34 – Interim Financial Reporting as issued by the International Accounting Standards Board (IASB).
These unaudited condensed consolidated interim financial statements should be read in conjunction with
the Company’s audited consolidated financial statements for the year ended June 30, 2025. These
unaudited condensed consolidated interim financial statements follow the same accounting policies,
estimates and judgements set out in Note 2 to the audited consolidated financial statements for the year
ended June 30, 2025.
These unaudited condensed consolidated interim financial statements have been prepared on a going
concern basis.
The unaudited condensed consolidated interim financial statements of the Company as at and for the three
and nine months ended March 31, 2026 and 2025 were approved and authorized for issuance in accordance
with a resolution of the Board of Directors (the “Board”) dated on May 12, 2026.
(b) Basis of Consolidation
These unaudited condensed consolidated interim financial statements include the accounts of the
Company and its wholly or partially owned subsidiaries.
Subsidiaries are consolidated from the date on which the Company obtains control up to the date of the
disposition of control. Control is achieved when the Company has power over the subsidiary, is exposed or
has rights to variable returns from its involvement with the subsidiary; and has the ability to use its power
to affect its returns.
Balances, transactions, income and expenses between the Company and its subsidiaries are eliminated o

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