FRA:X88 Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	184	739	464	451	69
Cash & Short-Term Investments	184	739	464	451	69
Cash Growth	-75.10%	59.27%	2.88%	553.62%	-53.06%
Accounts Receivable	2,029	1,560	1,496	758	594
Other Receivables	-	408	391	258	225
Receivables	2,029	1,968	1,887	1,016	819
Inventory	502	457	400	284	235
Restricted Cash	-	-	-	-	13
Other Current Assets	224	220	251	138	216
Total Current Assets	2,939	3,384	3,002	1,889	1,352
Property, Plant & Equipment	55,323	56,388	52,091	22,652	21,487
Long-Term Investments	473	586	533	45,314	42,518
Goodwill	18,436	19,350	17,729	344	328
Other Intangible Assets	2,911	3,146	2,974	42	43
Other Long-Term Assets	5,863	4,890	3,573	3,254	2,449
Total Assets	85,945	87,744	79,902	73,495	68,177
Accounts Payable	2,751	768	680	503	432
Accrued Expenses	-	1,207	1,093	652	678
Current Portion of Long-Term Debt	3,240	2,805	3,129	1,502	1,446
Current Portion of Leases	-	126	116	76	163
Current Income Taxes Payable	-	379	255	177	164
Other Current Liabilities	-	376	437	303	276
Total Current Liabilities	5,991	5,661	5,710	3,213	3,159
Long-Term Debt	19,948	19,783	19,320	18,111	18,541
Long-Term Leases	-	275	273	232	260
Long-Term Unearned Revenue	-	87	84	54	61
Pension & Post-Retirement Benefits	537	548	581	538	718
Long-Term Deferred Tax Liabilities	11,829	11,974	11,052	12,197	11,352
Other Long-Term Liabilities	815	526	471	264	257
Total Liabilities	39,120	38,854	37,491	34,609	34,348
Common Stock	24,751	25,689	25,602	25,516	25,475
Additional Paid-In Capital	105	94	88	78	66
Retained Earnings	19,783	19,429	16,420	13,201	10,391
Comprehensive Income & Other	1,238	2,680	-618	91	-2,103
Total Common Equity	45,877	47,892	41,492	38,886	33,829
Minority Interest	948	998	919	-	-
Shareholders' Equity	46,825	48,890	42,411	38,886	33,829
Total Liabilities & Equity	85,945	87,744	79,902	73,495	68,177
Total Debt	23,188	22,989	22,838	19,921	20,410
Net Cash (Debt)	-23,004	-22,250	-22,374	-19,470	-20,341
Net Cash Per Share	-25.08	-23.81	-23.96	-20.87	-29.79
Filing Date Shares Outstanding	897.6	933.71	932.43	930.77	929.71
Total Common Shares Outstanding	897.6	933.5	932.1	930.5	929.7
Working Capital	-3,052	-2,277	-2,708	-1,324	-1,807
Book Value Per Share	51.11	51.30	44.51	41.79	36.39
Tangible Book Value	24,530	25,396	20,789	38,500	33,458
Tangible Book Value Per Share	27.33	27.21	22.30	41.38	35.99
Land	-	5,700	5,266	964	-
Buildings	-	1,927	1,732	1,069	1,022
Machinery	-	8,537	7,943	4,915	4,502

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