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	Jun '25 Jun 30, 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	3.34	5.68	1.35	0.44	0.47	0.15
Cash & Short-Term Investments	3.34	5.68	1.35	0.44	0.47	0.15
Cash Growth	48.07%	320.15%	209.02%	-7.02%	224.41%	-
Accounts Receivable	8.68	9.42	6.54	6.25	6.68	1.76
Other Receivables	0.51	2.4	0.23	0.07	0.24	0.49
Receivables	9.19	11.82	6.77	6.33	6.92	2.24
Inventory	16.94	16.95	8.63	9.17	7.09	4.39
Prepaid Expenses	0.43	0.46	1.87	0.35	0.17	0.02
Other Current Assets	2.02	2.14	1.55	1.26	-	-
Total Current Assets	31.92	37.05	20.19	17.55	14.64	6.8
Property, Plant & Equipment	29.91	30.43	28.73	14.2	9.13	10.57
Goodwill	12.6	12.6	12.6	-	-	-
Other Intangible Assets	5.03	6.01	9.96	-	-	-
Other Long-Term Assets	0.05	0.06	-	-	-	-
Total Assets	79.5	86.16	71.47	31.75	23.77	17.36
Accounts Payable	12.96	16.21	13.88	8.23	6.09	3.2
Short-Term Debt	14.93	14.9	17.44	6.16	2.04	2.03
Current Portion of Long-Term Debt	8.51	7.58	1.12	1.46	1.5	-
Current Portion of Leases	1.06	1.02	0.71	0.19	0.65	0.52
Current Income Taxes Payable	0.42	0.7	0.88	0.99	0.1	-
Other Current Liabilities	5	8.15	0.28	0.8	2.07	2.16
Total Current Liabilities	42.87	48.57	34.32	17.82	12.46	7.91
Long-Term Debt	-	-	4.29	-	0.05	1.54
Long-Term Leases	13.59	13.87	12.68	11.58	5.23	5.86
Long-Term Deferred Tax Liabilities	1.18	1.95	1.07	0.81	2.28	0.5
Other Long-Term Liabilities	-	-	4.49	-	-	-
Total Liabilities	57.64	64.39	56.85	30.2	20.02	15.81
Common Stock	11.08	11.08	11.08	0	0	0
Additional Paid-In Capital	5.13	4.98	4.16	0.11	0.11	0.11
Retained Earnings	5.66	5.71	-0.61	1.43	3.64	1.44
Shareholders' Equity	21.86	21.76	14.63	1.54	3.75	1.55
Total Liabilities & Equity	79.5	86.16	71.47	31.75	23.77	17.36
Total Debt	38.08	37.38	36.24	19.38	9.47	9.96
Net Cash (Debt)	-34.74	-31.7	-34.89	-18.94	-9	-9.81
Net Cash Per Share	-0.30	-0.27	-0.37	-0.52	-	-
Filing Date Shares Outstanding	117	117	117	45.83	-	-
Total Common Shares Outstanding	117	117	117	45.83	-	-
Working Capital	-10.95	-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	4.23	3.15	-7.94	1.54	3.75	1.55
Tangible Book Value Per Share	0.04	0.03	-0.07	0.03	-	-
Land	0.12	0.12	0.62	-	-	-
Buildings	11.6	11.6	11.99	-	-	-
Machinery	8.65	8.52	7.85	6.08	5.77	5.53
Leasehold Improvements	4.29	4.01	0.87	0.07	0.02	-

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