Cardiol Therapeutics 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	11.62	30.58	34.93	59.47	83.9	14.03
Cash & Short-Term Investments	11.62	30.58	34.93	59.47	83.9	14.03
Cash Growth	-26.83%	-12.46%	-41.26%	-29.12%	498.20%	101.62%
Accounts Receivable	-	-	-	-	0.07	-
Other Receivables	0.2	0.36	0.28	0.48	0.34	0.22
Receivables	0.2	0.36	0.28	0.48	0.41	0.22
Inventory	-	-	-	-	-	0.36
Prepaid Expenses	0.99	0.73	0.94	1.49	2.83	0.35
Total Current Assets	12.81	31.67	36.15	61.44	87.14	14.95
Property, Plant & Equipment	0.14	0.2	0.34	0.3	0.36	0.48
Other Intangible Assets	-	-	0.21	0.29	0.38	0.46
Total Assets	12.95	31.86	36.7	62.03	87.88	15.89
Accounts Payable	3.25	6.98	7.62	8.35	4.14	1.77
Accrued Expenses	-	-	0.42	0.99	0.72	0.7
Current Portion of Leases	0.04	0.03	0.02	0.05	0.04	0.05
Other Current Liabilities	-	-	0.24	0.42	6.66	-
Total Current Liabilities	3.29	7.01	8.3	9.8	11.57	2.52
Long-Term Leases	0.1	0.13	0.16	0.02	0.07	0.1
Total Liabilities	3.39	7.14	8.45	9.83	11.64	2.62
Common Stock	187.36	179.34	148.52	147.55	142.92	51.92
Additional Paid-In Capital	28.1	24.65	18.79	15.59	12.66	8.77
Retained Earnings	-205.9	-179.25	-142.58	-114.45	-83.52	-51.88
Comprehensive Income & Other	-	-	3.52	3.52	4.18	4.46
Shareholders' Equity	9.56	24.73	28.25	52.2	76.24	13.27
Total Liabilities & Equity	12.95	31.86	36.7	62.03	87.88	15.89
Total Debt	0.13	0.16	0.17	0.07	0.12	0.16
Net Cash (Debt)	11.49	30.42	34.76	59.4	83.78	13.87
Net Cash Growth	-26.91%	-12.47%	-41.48%	-29.10%	504.11%	104.99%
Net Cash Per Share	0.14	0.43	0.54	0.95	1.94	0.46
Filing Date Shares Outstanding	87.46	82.61	68.27	64.1	61.93	36.59
Total Common Shares Outstanding	87.46	82.61	65.35	64.04	61.92	32.86
Working Capital	9.52	24.66	27.86	51.63	75.58	12.43
Book Value Per Share	0.11	0.30	0.43	0.82	1.23	0.40
Tangible Book Value	9.56	24.73	28.04	51.91	75.86	12.81
Tangible Book Value Per Share	0.11	0.30	0.43	0.81	1.23	0.39
Machinery	0.41	0.39	0.42	0.35	0.28	0.26
Leasehold Improvements	0.24	0.24	0.24	0.24	0.24	0.24

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