Acadian Timber 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	4.81	15.25	1.83	6.23	7.32
Cash & Short-Term Investments	4.81	15.25	1.83	6.23	7.32
Cash Growth	-68.47%	732.88%	-70.61%	-14.84%	-28.68%
Accounts Receivable	9.15	8.58	9.3	8.27	8.39
Other Receivables	-	-	1.67	-	0.1
Receivables	9.15	8.58	10.97	8.27	8.49
Inventory	3.03	2.09	15.33	1.85	1.45
Total Current Assets	16.99	25.92	28.13	16.35	17.26
Property, Plant & Equipment	610.36	575.96	533.68	525.35	493.25
Other Intangible Assets	6.26	6.14	6.14	6.14	6.14
Total Assets	633.61	608.02	567.95	547.84	516.64
Accounts Payable	12.21	10.92	9.37	11.21	8.8
Current Portion of Long-Term Debt	0.7	46.05	-	-	-
Current Income Taxes Payable	1.35	0.23	-	0.02	-
Other Current Liabilities	5.3	5.13	4.98	4.9	4.84
Total Current Liabilities	19.57	62.32	14.35	16.12	13.64
Long-Term Debt	110.01	68.9	105.52	107.94	100.89
Long-Term Deferred Tax Liabilities	144.29	137.77	129.1	120.05	110.63
Total Liabilities	273.87	268.99	248.97	244.11	225.16
Common Stock	359.74	156.27	147.62	142.77	139.39
Retained Earnings	-	113.1	111.62	101.99	85.95
Comprehensive Income & Other	-	69.66	59.74	58.97	66.14
Shareholders' Equity	359.74	339.03	318.98	303.72	291.49
Total Liabilities & Equity	633.61	608.02	567.95	547.84	516.64
Total Debt	110.71	114.94	105.52	107.94	100.89
Net Cash (Debt)	-105.9	-99.69	-103.68	-101.71	-93.57
Net Cash Per Share	-5.84	-5.68	-6.05	-6.06	-5.61
Filing Date Shares Outstanding	18.22	17.82	17.25	16.96	16.69
Total Common Shares Outstanding	18.22	17.68	17.18	16.89	16.69
Working Capital	-2.57	-36.4	13.78	0.22	3.62
Book Value Per Share	19.74	19.18	18.56	17.99	17.47
Tangible Book Value	353.49	332.89	312.84	297.58	285.35
Tangible Book Value Per Share	19.40	18.83	18.21	17.62	17.10
Land	88.5	88.72	77.18	74.3	85.96

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.