Newport Exploration : Financial Statements (NWXFS01312026)

About this update from Newport Exploration Ltd

CONDENSED INTERIM FINANCIAL STATEMENTS (Unaudited) (Expressed in Canadian Dollars) JANUARY 31, 2026 These unaudited condensed interim financial statements of Newport Exploration Ltd. for the six months ended January 31, 2026, have been prepared by management and approved by the Board of Directors. These unaudited condensed interim financial statements have not been reviewed by the Company's external auditors. CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION AS AT, (Unaudited) (Expressed in Canadian Dollars) January 31, 2026 July 31, 2025 ASSETS Current Cash and cash equivalents $ 808,540 $ 460,866 Short-term investments 2,183,312 2,152,014 Receivables (Note 3) 360,127 576,121 Income tax receivable (Note 12) 82,004 192,088 Prepaid expenses 15,844 28,229 Total Current Assets 3,449,827 3,409,318 Non-current Equipment 3,191 3,646 Right-of-use asset (Note 6) 27,156 60,468 Exploration and evaluation asset (Note 4) 1 1 Total Non-current Assets 30,348 64,115 Total Assets $ 3,480,175 $ 3,473,433 LIABILITIES Current Accounts payable and accrued liabilities (Note 7) $ 29,427 $ 45,641 Current portion of lease liability (Note 6) 28,051 60,736 Total Liabilities 57,478 106,377 SHAREHOLDERS' EQUITY Capital stock (Note 8) 47,906,989 47,906,989 Reserves (Note 8) 2,500,254 2,500,254 Deficit (46,984,546) (47,040,187) Total Shareholders' Equity 3,422,697 3,367,056 Total Liabilities and Shareholders' Equity $ 3,480,175 $ 3,473,433 Nature of operations (Note 1) Commitments (Note 10) "Ian Rozier" Director "Barbara Dunfield" Director Ian Rozier Barbara Dunfield The accompanying notes are an integral part of these condensed interim financial statements. CONDENSED INTERIM STATEMENTS OF NET INCOME AND COMPREHENSIVE INCOME (Unaudited) (Expressed in Canadian Dollars) Three Months Ended January 31, 2026 Three Months Ended January 31, 2025 Six Months Ended January 31, 2026 Six Months Ended January 31, 2025 EXPENSES Administration fees $ 3,600 $ 3,600 $ 7,200 $ 7,200 Amortization 228 233 455 542 Amortization of right-of-use asset 16,656 15,838 33,312 31,676 Consulting fees 143,175 143,175 286,350 286,350 Directors' fees 22,500 22,500 45,000 45,000 Property investigation - 36,100 - 36,100 Foreign exchange (gain) loss (13,249) 313 (31,152) (1,741) Interest expense on lease liability 531 412 1,321 1,028 Management fees 97,800 97,800 195,600 195,600 Office and miscellaneous 18,298 19,796 4...

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