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	Mar '26 Mar 31, 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	30.49	9.44	0.07	1.37	2.87	3.89
Short-Term Investments	0.01	0.01	0.01	0.03	0.1	0.1
Cash & Short-Term Investments	30.49	9.45	0.07	1.4	2.97	3.99
Cash Growth	22755.82%	12526.92%	-94.65%	-52.98%	-25.52%	7978342.00%
Accounts Receivable	0.06	0.05	0.02	-	-	-
Other Receivables	0.05	0.32	0.05	0.09	0.27	0.27
Receivables	0.11	0.37	0.07	0.09	0.27	0.27
Prepaid Expenses	0.13	0.12	0.06	0.12	0.12	0.04
Restricted Cash	-	-	-	-	-	3.94
Total Current Assets	30.73	9.94	0.2	1.6	3.36	8.24
Property, Plant & Equipment	17.54	15.01	13.9	12.81	8.27	3.25
Other Intangible Assets	0.01	0.01	-	-	-	-
Other Long-Term Assets	-	-	-	-	-	0.38
Total Assets	48.28	24.96	14.11	14.41	11.63	11.87
Accounts Payable	1.25	2.09	4.48	3.51	1.08	0.81
Short-Term Debt	7.03	4.32	12.75	9.3	7.39	8.98
Current Portion of Leases	0.02	0.03	0.03	0.03	0.03	0.01
Other Current Liabilities	-	-	-	-	-	3.94
Total Current Liabilities	30.07	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	0.26	0.21	-	-	-	-
Other Long-Term Liabilities	0.08	0.07	0.04	-	-	-
Total Liabilities	30.49	6.8	17.42	12.98	8.68	13.83
Common Stock	84.63	83.8	15.52	14.44	13.27	4.83
Additional Paid-In Capital	2.72	2.82	2.4	5.3	3.73	0.11
Retained Earnings	-69.73	-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	17.79	18.15	-3.31	1.43	2.95	-1.96
Total Liabilities & Equity	48.28	24.96	14.11	14.41	11.63	11.87
Total Debt	7.13	4.43	12.89	9.47	7.6	9.08
Net Cash (Debt)	23.36	5.02	-12.82	-8.08	-4.63	-5.09
Net Cash Per Share	0.03	0.01	-0.03	-0.02	-0.01	-0.07
Filing Date Shares Outstanding	1,262	750.56	467.77	415.98	403.46	77.41
Total Common Shares Outstanding	1,262	750.56	421.5	410.48	403.46	77.41
Working Capital	0.66	3.49	-17.06	-11.23	-5.14	-5.5
Book Value Per Share	0.01	0.02	-0.01	0.00	0.01	-0.03
Tangible Book Value	17.78	18.15	-3.31	1.43	2.95	-1.96
Tangible Book Value Per Share	0.01	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.