FRA:09N0 Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1.27	4.72	1.84	6.57	1.85	4.54
Cash & Short-Term Investments	1.27	4.72	1.84	6.57	1.85	4.54
Cash Growth	-85.26%	157.33%	-72.05%	254.67%	-59.27%	58.16%
Receivables	4.64	5.96	7.31	9.54	9.32	7.88
Inventory	-	-	-	-	0.82	0.6
Prepaid Expenses	3.55	3.47	3.29	5.35	3.28	2.65
Restricted Cash	4.11	4.11	4.24	4.14	4.33	4.33
Other Current Assets	-	-	50.43	-	-	0.8
Total Current Assets	13.58	18.26	67.1	25.59	19.6	20.81
Property, Plant & Equipment	99.52	99.05	100.33	196.92	212.74	198.88
Other Long-Term Assets	0.51	0.55	0.62	0.62	0.62	0.63
Total Assets	113.6	117.87	168.05	223.13	232.96	220.32
Accounts Payable	20.92	25.51	24.62	36.66	19.97	14.68
Current Portion of Long-Term Debt	65.75	55.57	72.63	126.35	-	-
Current Portion of Leases	0.76	2.35	2.72	0.49	2.27	2.55
Other Current Liabilities	6.2	6.53	33.38	11.5	16.73	4.19
Total Current Liabilities	93.62	89.96	133.35	175	38.98	21.42
Long-Term Debt	-	-	-	-	109.36	103.07
Long-Term Leases	0.16	0.23	2.42	0.15	0.58	2.61
Other Long-Term Liabilities	78.42	76.71	75.58	117.09	150.61	170.13
Total Liabilities	172.2	166.91	211.35	292.24	299.52	297.23
Common Stock	167.46	159.39	147.27	101.55	101.42	136.53
Additional Paid-In Capital	40.74	39.47	39.6	39.08	38.77	3.66
Retained Earnings	-267.57	-248.03	-231.07	-209.63	-207.23	-217.65
Comprehensive Income & Other	0.77	0.14	0.89	-0.12	0.47	0.54
Shareholders' Equity	-58.6	-49.04	-43.31	-69.11	-66.56	-76.91
Total Liabilities & Equity	113.6	117.87	168.05	223.13	232.96	220.32
Total Debt	66.66	58.15	77.77	127	112.21	108.23
Net Cash (Debt)	-65.39	-53.43	-75.93	-120.43	-110.36	-103.68
Net Cash Per Share	-1.50	-1.93	-4.58	-27.94	-20.00	-18.08
Filing Date Shares Outstanding	46.72	39.91	23.87	4.34	4.3	4.27
Total Common Shares Outstanding	46.72	39.91	23.85	4.34	4.29	5.74
Working Capital	-80.04	-71.7	-66.25	-149.41	-19.37	-0.61
Book Value Per Share	-1.25	-1.23	-1.82	-15.93	-15.51	-13.39
Tangible Book Value	-58.6	-49.04	-43.31	-69.11	-66.56	-76.91
Tangible Book Value Per Share	-1.25	-1.23	-1.82	-15.93	-15.51	-13.39
Machinery	5.11	5.1	4.98	4.94	4.81	4.65

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