Maritime Launch Services Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	22.6	9.44	0.07	1.37	2.87	3.89
Short-Term Investments	0.1	0.01	0.01	0.03	0.1	0.1
Cash & Short-Term Investments	22.7	9.45	0.07	1.4	2.97	3.99
Cash Growth	30281.83%	12526.92%	-94.65%	-52.98%	-25.52%	7978342.00%
Accounts Receivable	0.13	0.05	0.02	-	-	-
Other Receivables	0.03	0.32	0.05	0.09	0.27	0.27
Receivables	0.17	0.37	0.07	0.09	0.27	0.27
Prepaid Expenses	0.15	0.12	0.06	0.12	0.12	0.04
Restricted Cash	-	-	-	-	-	3.94
Total Current Assets	23.02	9.94	0.2	1.6	3.36	8.24
Property, Plant & Equipment	19.7	15.01	13.9	12.81	8.27	3.25
Other Intangible Assets	0.07	0.01	-	-	-	-
Other Long-Term Assets	-	-	-	-	-	0.38
Total Assets	42.79	24.96	14.11	14.41	11.63	11.87
Accounts Payable	1.46	2.09	4.48	3.51	1.08	0.81
Short-Term Debt	1.48	4.32	12.75	9.3	7.39	8.98
Current Portion of Leases	0.01	0.03	0.03	0.03	0.03	0.01
Other Current Liabilities	-	-	-	-	-	3.94
Total Current Liabilities	21.5	6.45	17.27	12.84	8.5	13.74
Long-Term Leases	0.08	0.07	0.11	0.14	0.17	0.09
Long-Term Unearned Revenue	0.31	0.21	-	-	-	-
Other Long-Term Liabilities	0.08	0.07	0.04	-	-	-
Total Liabilities	21.97	6.8	17.42	12.98	8.68	13.83
Common Stock	85.18	83.8	15.52	14.44	13.27	4.83
Additional Paid-In Capital	1.97	2.82	2.4	5.3	3.73	0.11
Retained Earnings	-66.49	-68.63	-21.92	-19.13	-14.73	-7.28
Comprehensive Income & Other	0.17	0.17	0.7	0.81	0.69	0.38
Shareholders' Equity	20.82	18.15	-3.31	1.43	2.95	-1.96
Total Liabilities & Equity	42.79	24.96	14.11	14.41	11.63	11.87
Total Debt	1.57	4.43	12.89	9.47	7.6	9.08
Net Cash (Debt)	21.13	5.02	-12.82	-8.08	-4.63	-5.09
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	0.03	0.01	-0.03	-0.02	-0.01	-0.07
Filing Date Shares Outstanding	760.86	750.56	467.77	415.98	403.46	77.41
Total Common Shares Outstanding	760.86	750.56	421.5	410.48	403.46	77.41
Working Capital	1.52	3.49	-17.06	-11.23	-5.14	-5.5
Book Value Per Share	0.03	0.02	-0.01	0.00	0.01	-0.03
Tangible Book Value	20.75	18.15	-3.31	1.43	2.95	-1.96
Tangible Book Value Per Share	0.03	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