Zedcor 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	1.5	5.76	1.47	0.57	0.11	0.76
Cash & Short-Term Investments	1.5	5.76	1.47	0.57	0.11	0.76
Cash Growth	-72.33%	290.98%	158.14%	428.70%	-85.81%	347.65%
Accounts Receivable	13.05	8.48	4.6	5.17	3.31	3.64
Other Receivables	-	0.04	0.09	0.05	0.37	0.09
Receivables	13.05	8.52	4.69	5.23	3.68	3.73
Inventory	0.47	0.47	0.48	1.32	0.38	-
Prepaid Expenses	2	0.8	0.65	0.43	0.27	0.17
Total Current Assets	17.03	15.54	7.29	7.54	4.44	4.66
Property, Plant & Equipment	85.67	48.58	31.71	20.5	12.36	24.39
Long-Term Accounts Receivable	0.57	1.11	1.79	2.36	2.88	3.28
Long-Term Deferred Tax Assets	2.01	2.01	2.01	2.01	-	-
Other Long-Term Assets	0.85	0.22	0.18	0.17	0.11	0.17
Total Assets	106.11	67.45	42.97	32.58	19.8	32.49
Accounts Payable	13.58	7.13	3.24	3.41	2.38	1.6
Short-Term Debt	-	-	-	-	0.91	-
Current Portion of Long-Term Debt	4.33	4.07	3.79	2.2	1.33	2.94
Current Portion of Leases	3.94	3.04	2.42	1.77	1.35	1.53
Total Current Liabilities	21.85	14.24	9.45	7.38	5.96	6.06
Long-Term Debt	19.84	16.05	16.1	11.53	8.83	17.07
Long-Term Leases	5.3	5.17	5.31	5.18	4.6	5.34
Total Liabilities	46.98	35.46	30.86	24.09	19.4	28.47
Common Stock	156.16	131.32	114.02	113.18	107.81	107.63
Additional Paid-In Capital	5.23	3.4	2.22	1.81	1.68	1.58
Retained Earnings	-102.38	-103.59	-105.22	-107.87	-112.54	-108.64
Comprehensive Income & Other	0.11	0.86	1.09	1.37	0.59	0.59
Total Common Equity	59.13	31.99	12.12	8.49	-2.47	1.15
Shareholders' Equity	59.13	31.99	12.12	8.49	0.4	4.02
Total Liabilities & Equity	106.11	67.45	42.97	32.58	19.8	32.49
Total Debt	33.4	28.33	27.61	20.68	17.02	26.88
Net Cash (Debt)	-31.9	-22.56	-26.14	-20.11	-16.91	-26.12
Net Cash Per Share	-0.29	-0.24	-0.33	-0.28	-0.29	-0.47
Filing Date Shares Outstanding	105.56	103.81	77.36	72.91	63.53	57.79
Total Common Shares Outstanding	105.57	96.06	74.21	70.89	58.3	57.61
Working Capital	-4.82	1.3	-2.17	0.16	-1.52	-1.4
Book Value Per Share	0.56	0.33	0.16	0.12	-0.04	0.02
Tangible Book Value	59.13	31.99	12.12	8.49	-2.47	1.15
Tangible Book Value Per Share	0.56	0.33	0.16	0.12	-0.04	0.02
Machinery	98.32	56.85	37.82	25.25	16.47	54.36
Leasehold Improvements	1.19	0.41	0.36	0.25	0.15	0.18

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