Maritime Launch Services 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	9.44	0.07	1.37	2.87	3.89
Short-Term Investments	0.01	0.01	0.03	0.1	0.1
Cash & Short-Term Investments	9.45	0.07	1.4	2.97	3.99
Cash Growth	12526.92%	-94.65%	-52.98%	-25.52%	7978342.00%
Accounts Receivable	0.05	0.02	-	-	-
Other Receivables	0.32	0.05	0.09	0.27	0.27
Receivables	0.37	0.07	0.09	0.27	0.27
Prepaid Expenses	0.12	0.06	0.12	0.12	0.04
Restricted Cash	-	-	-	-	3.94
Total Current Assets	9.94	0.2	1.6	3.36	8.24
Property, Plant & Equipment	15.01	13.9	12.81	8.27	3.25
Other Intangible Assets	0.01	-	-	-	-
Other Long-Term Assets	-	-	-	-	0.38
Total Assets	24.96	14.11	14.41	11.63	11.87
Accounts Payable	2.09	4.48	3.51	1.08	0.81
Short-Term Debt	4.32	12.75	9.3	7.39	8.98
Current Portion of Leases	0.03	0.03	0.03	0.03	0.01
Other Current Liabilities	-	-	-	-	3.94
Total Current Liabilities	6.45	17.27	12.84	8.5	13.74
Long-Term Leases	0.07	0.11	0.14	0.17	0.09
Long-Term Unearned Revenue	0.21	-	-	-	-
Other Long-Term Liabilities	0.07	0.04	-	-	-
Total Liabilities	6.8	17.42	12.98	8.68	13.83
Common Stock	83.8	15.52	14.44	13.27	4.83
Additional Paid-In Capital	2.82	2.4	5.3	3.73	0.11
Retained Earnings	-68.63	-21.92	-19.13	-14.73	-7.28
Comprehensive Income & Other	0.17	0.7	0.81	0.69	0.38
Shareholders' Equity	18.15	-3.31	1.43	2.95	-1.96
Total Liabilities & Equity	24.96	14.11	14.41	11.63	11.87
Total Debt	4.43	12.89	9.47	7.6	9.08
Net Cash (Debt)	5.02	-12.82	-8.08	-4.63	-5.09
Net Cash Per Share	0.01	-0.03	-0.02	-0.01	-0.07
Filing Date Shares Outstanding	750.56	467.77	415.98	403.46	77.41
Total Common Shares Outstanding	750.56	421.5	410.48	403.46	77.41
Working Capital	3.49	-17.06	-11.23	-5.14	-5.5
Book Value Per Share	0.02	-0.01	0.00	0.01	-0.03
Tangible Book Value	18.15	-3.31	1.43	2.95	-1.96
Tangible Book Value Per Share	0.02	-0.01	0.00	0.01	-0.03
Land	0.08	0.08	0.08	0.08	0.08
Machinery	0.04	0.04	0.04	0.04	0.03
Construction In Progress	14.8	13.66	12.53	7.95	3.06

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