Happy Belly Food Group Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	6.22	3.02	3.49	1.27	1.1	0.94
Short-Term Investments	0.03	0.03	0.08	0.31	0.06	0.08
Cash & Short-Term Investments	6.25	3.05	3.56	1.58	1.16	1.01
Cash Growth	70.05%	-14.51%	125.74%	35.92%	14.82%	-75.55%
Accounts Receivable	2.43	1.68	0.72	0.26	0.1	0.05
Other Receivables	-	-	-	-	0.26	0.06
Receivables	2.43	1.68	0.72	0.26	0.36	0.12
Inventory	0.33	0.33	0.3	0.22	0.27	0.14
Prepaid Expenses	0.37	0.23	0.13	0.09	0.06	0.06
Other Current Assets	-	1.21	-	-	-	-
Total Current Assets	9.38	6.5	4.71	2.14	1.85	1.33
Property, Plant & Equipment	6.21	6.21	2.51	2.32	1.25	0.55
Long-Term Investments	0.25	0.25	0.27	-	-	-
Goodwill	0.63	0.63	1.06	0.91	0.91	1.33
Other Intangible Assets	0.34	0.35	0.41	0.06	0.19	0.46
Other Long-Term Assets	0.38	0.41	0.37	0.22	0.08	-
Total Assets	17.2	14.36	9.34	5.85	4.28	3.67
Accounts Payable	3.64	3.99	1.06	0.46	0.36	0.17
Accrued Expenses	-	-	-	0.48	0.23	0.08
Current Portion of Long-Term Debt	0.05	0.07	0.03	0.07	0.2	-
Current Portion of Leases	0.59	0.54	0.2	0.21	0.16	0.06
Current Unearned Revenue	0.21	0.18	0.07	0.14	-	-
Other Current Liabilities	-	0.12	0.09	-	0	0.01
Total Current Liabilities	4.5	4.91	1.44	1.35	0.95	0.31
Long-Term Debt	1.4	1.38	3.2	3.4	1.95	0.09
Long-Term Leases	4.2	4.36	1.78	1.66	0.59	0.19
Long-Term Unearned Revenue	1.26	1.03	0.39	-	-	-
Long-Term Deferred Tax Liabilities	0.05	0.05	0.11	-	-	-
Total Liabilities	11.41	11.72	6.91	6.41	3.5	0.59
Common Stock	51.25	45.67	40.47	35.47	35.76	35.47
Additional Paid-In Capital	16.88	14.62	11.6	11.34	11.29	11.28
Retained Earnings	-63.04	-58.28	-50.59	-48.23	-46.31	-43.63
Treasury Stock	-	-	-	-	-0.22	-
Comprehensive Income & Other	0.39	0.39	0.69	0.69	0.2	-0.06
Total Common Equity	5.48	2.4	2.18	-0.72	0.72	3.05
Minority Interest	0.32	0.23	0.25	0.16	0.07	0.02
Shareholders' Equity	5.79	2.63	2.43	-0.56	0.79	3.07
Total Liabilities & Equity	17.2	14.36	9.34	5.85	4.28	3.67
Total Debt	6.24	6.35	5.2	5.34	2.9	0.34
Net Cash (Debt)	0.01	-3.3	-1.64	-3.76	-1.74	0.67
Net Cash Growth	-	-	-	-	-	-83.44%
Net Cash Per Share	0.00	-0.03	-0.01	-0.03	-0.02	0.01
Filing Date Shares Outstanding	140.67	134	129.03	104.44	104.43	104.16
Total Common Shares Outstanding	140.67	134	129.03	104.44	104.43	104.16
Working Capital	4.88	1.59	3.28	0.8	0.89	1.01
Book Value Per Share	0.04	0.02	0.02	-0.01	0.01	0.03
Tangible Book Value	4.5	1.41	0.7	-1.69	-0.38	1.26
Tangible Book Value Per Share	0.03	0.01	0.01	-0.02	-0.00	0.01
Machinery	-	1.44	1	0.85	0.7	0.45
Leasehold Improvements	-	1.54	0.7	0.58	0.42	0.27