FRA:ARB3 Balance Sheet

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

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Cash & Equivalents	2.78	5.43	1.69	0.7	1.77	1.34
Cash & Short-Term Investments	2.78	5.43	1.69	0.7	1.77	1.34
Cash Growth	-5.22%	222.01%	139.27%	-60.21%	32.28%	459.49%
Accounts Receivable	1.15	1.3	1.29	1.5	1.64	0.04
Other Receivables	0.08	0.06	0.05	0.18	0.56	0.03
Receivables	1.23	1.36	1.34	1.68	2.2	0.07
Inventory	2.6	2.59	2.52	3.05	3.26	-
Prepaid Expenses	0.33	0.6	0.22	0.2	0.33	0.03
Restricted Cash	-	-	-	-	0.27	-
Total Current Assets	6.93	9.98	5.77	5.63	7.83	1.44
Property, Plant & Equipment	19.51	17.34	19.64	20.03	19.24	2.51
Long-Term Investments	1.54	0.66	0.89	1.17	1.33	0.3
Total Assets	28.24	27.98	26.31	26.83	28.4	4.26
Accounts Payable	1.6	1.79	1.55	1.94	1.67	0.22
Accrued Expenses	-	0.02	0.03	0.01	0.05	0.01
Short-Term Debt	-	-	-	-	1.42	-
Current Portion of Long-Term Debt	0.13	0.3	0.3	0.38	0.65	0.03
Current Portion of Leases	0.1	0.1	0.23	0.17	0.17	0.04
Current Income Taxes Payable	-	0.24	-	-	-	-
Current Unearned Revenue	0.86	1.87	0	0.14	0.31	0.02
Other Current Liabilities	0.06	0.07	0.18	0.5	0.77	-
Total Current Liabilities	2.75	4.4	2.29	3.14	5.03	0.33
Long-Term Debt	5.59	5.84	6.14	6.37	8.07	0.22
Long-Term Leases	1.56	1.59	2.4	2.3	2.38	0.13
Long-Term Deferred Tax Liabilities	1.2	1.52	2.2	2.01	2.15	-
Other Long-Term Liabilities	0.25	0.25	0.27	0.26	0.9	-
Total Liabilities	11.35	13.6	13.31	14.08	18.53	0.68
Common Stock	29.91	29.91	30.2	30	26.18	18.29
Retained Earnings	-19.48	-21.76	-23.43	-23.03	-21.87	-18.58
Comprehensive Income & Other	6.46	6.22	6.22	5.78	5.56	3.87
Shareholders' Equity	16.89	14.38	13	12.75	9.87	3.58
Total Liabilities & Equity	28.24	27.98	26.31	26.83	28.4	4.26
Total Debt	7.39	7.84	9.07	9.21	12.68	0.43
Net Cash (Debt)	-4.61	-2.41	-7.39	-8.51	-10.91	0.91
Net Cash Growth	-	-	-	-	-	1731.01%
Net Cash Per Share	-0.04	-0.02	-0.07	-0.09	-0.16	0.02
Filing Date Shares Outstanding	109.76	109.76	111.65	104.93	100.01	63.11
Total Common Shares Outstanding	109.76	109.76	112.5	109.93	88.45	59.77
Working Capital	4.19	5.58	3.48	2.49	2.8	1.11
Book Value Per Share	0.15	0.13	0.12	0.12	0.11	0.06
Tangible Book Value	16.89	14.38	13	12.75	9.87	3.58
Tangible Book Value Per Share	0.15	0.13	0.12	0.12	0.11	0.06
Land	8.68	8.68	10.21	10.17	10.26	-
Buildings	2.55	2.27	2.51	2.51	2.47	0.01
Machinery	8.04	6.11	5.75	5.68	4.45	1.05

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