FRA:V4JA 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	9.76	3.08	5.33	6.44	8.82	4.39
Short-Term Investments	-	0.43	0.33	0.64	0.49	0.78
Cash & Short-Term Investments	10.28	3.5	5.66	7.08	9.31	5.17
Cash Growth	160.16%	-38.10%	-20.06%	-23.93%	80.04%	145.65%
Accounts Receivable	0.64	0.36	0.22	0.48	0.32	0.38
Other Receivables	2.82	3.11	2.15	1.49	1.27	0.79
Receivables	3.46	3.47	2.37	1.97	1.58	1.17
Inventory	2.02	2.11	1.49	2.39	1.54	1.78
Prepaid Expenses	0.77	0.45	0.36	0.37	0.47	0.37
Total Current Assets	16.53	9.54	9.89	11.81	12.9	8.49
Property, Plant & Equipment	42.01	40.63	38.07	36.29	35.8	34.47
Long-Term Deferred Tax Assets	5.83	5.83	4.02	2.81	3.35	3.35
Other Long-Term Assets	-	-	-	-	-	0.17
Total Assets	64.37	56	51.97	50.91	52.04	46.47
Accounts Payable	6.34	5.72	3.42	2.64	2.79	2.02
Accrued Expenses	2.68	0.93	0.32	0.49	0.33	0.19
Current Portion of Leases	0.54	0.43	0.44	0.22	0.64	0.45
Total Current Liabilities	9.56	7.08	4.19	3.34	3.76	2.66
Long-Term Leases	0.38	0.3	0.32	0.17	0.26	0.5
Long-Term Deferred Tax Liabilities	3.51	3.8	3.31	5.7	5.61	5.08
Other Long-Term Liabilities	3.95	3.94	3.56	2.92	2.35	1.95
Total Liabilities	17.4	15.13	11.37	12.13	11.99	10.19
Common Stock	58.74	53.05	53.29	51.88	50.73	50.73
Retained Earnings	-27.4	-27.61	-27.83	-29.46	-24.21	-26.61
Comprehensive Income & Other	15.63	15.44	15.14	16.36	13.53	12.17
Shareholders' Equity	46.98	40.87	40.6	38.78	40.05	36.28
Total Liabilities & Equity	64.37	56	51.97	50.91	52.04	46.47
Total Debt	0.92	0.73	0.76	0.38	0.9	0.95
Net Cash (Debt)	9.36	2.77	4.9	6.7	8.41	4.22
Net Cash Growth	171.15%	-43.48%	-26.80%	-20.38%	99.15%	-
Net Cash Per Share	0.12	0.04	0.08	0.12	0.17	0.08
Filing Date Shares Outstanding	89.86	66.86	75.53	55.65	55.65	49.65
Total Common Shares Outstanding	89.86	66.86	72.2	55.65	49.65	49.65
Working Capital	6.97	2.45	5.7	8.47	9.14	5.83
Book Value Per Share	0.52	0.61	0.56	0.70	0.81	0.73
Tangible Book Value	46.98	40.87	40.6	38.78	40.05	36.28
Tangible Book Value Per Share	0.52	0.61	0.56	0.70	0.81	0.73
Machinery	31.8	31.33	29.12	29	27.16	24.68

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