MTL Cannabis Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	1.06	5.68	1.35	0.44	0.47	0.15
Cash & Short-Term Investments	1.06	5.68	1.35	0.44	0.47	0.15
Cash Growth	-69.68%	320.15%	209.02%	-7.02%	224.41%	-
Accounts Receivable	11.55	9.42	6.54	6.25	6.68	1.76
Other Receivables	-	2.4	0.23	0.07	0.24	0.49
Receivables	11.55	11.82	6.77	6.33	6.92	2.24
Inventory	18.89	16.95	8.63	9.17	7.09	4.39
Prepaid Expenses	1.45	0.46	1.87	0.35	0.17	0.02
Other Current Assets	1.53	2.14	1.55	1.26	-	-
Total Current Assets	34.48	37.05	20.19	17.55	14.64	6.8
Property, Plant & Equipment	34.6	30.43	28.73	14.2	9.13	10.57
Goodwill	-	12.6	12.6	-	-	-
Other Intangible Assets	16.37	6.01	9.96	-	-	-
Other Long-Term Assets	0.1	0.06	-	-	-	-
Total Assets	85.55	86.16	71.47	31.75	23.77	17.36
Accounts Payable	12.37	16.21	13.88	8.23	6.09	3.2
Short-Term Debt	3.53	14.9	17.44	6.16	2.04	2.03
Current Portion of Long-Term Debt	-	7.58	1.12	1.46	1.5	-
Current Portion of Leases	1.79	1.02	0.71	0.19	0.65	0.52
Current Income Taxes Payable	0.89	0.7	0.88	0.99	0.1	-
Other Current Liabilities	-	8.15	0.28	0.8	2.07	2.16
Total Current Liabilities	18.58	48.57	34.32	17.82	12.46	7.91
Long-Term Debt	23.7	-	4.29	-	0.05	1.54
Long-Term Leases	18.65	13.87	12.68	11.58	5.23	5.86
Long-Term Deferred Tax Liabilities	1.26	1.95	1.07	0.81	2.28	0.5
Other Long-Term Liabilities	-	-	4.49	-	-	-
Total Liabilities	62.19	64.39	56.85	30.2	20.02	15.81
Common Stock	12.31	11.08	11.08	0	0	0
Additional Paid-In Capital	13.04	4.98	4.16	0.11	0.11	0.11
Retained Earnings	-1.99	5.71	-0.61	1.43	3.64	1.44
Shareholders' Equity	23.36	21.76	14.63	1.54	3.75	1.55
Total Liabilities & Equity	85.55	86.16	71.47	31.75	23.77	17.36
Total Debt	47.67	37.38	36.24	19.38	9.47	9.96
Net Cash (Debt)	-46.61	-31.7	-34.89	-18.94	-9	-9.81
Net Cash Per Share	-0.40	-0.27	-0.37	-0.52	-	-
Filing Date Shares Outstanding	120.3	117	117	45.83	-	-
Total Common Shares Outstanding	120.3	117	117	45.83	-	-
Working Capital	15.9	-11.52	-14.13	-0.27	2.19	-1.11
Book Value Per Share	0.19	0.19	0.13	0.03	-	-
Tangible Book Value	6.99	3.15	-7.94	1.54	3.75	1.55
Tangible Book Value Per Share	0.06	0.03	-0.07	0.03	-	-
Land	-	0.12	0.62	-	-	-
Buildings	-	11.6	11.99	-	-	-
Machinery	-	8.52	7.85	6.08	5.77	5.53
Leasehold Improvements	-	4.01	0.87	0.07	0.02	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.