ADLRF 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	6.39	4.2	15.18	60.19	18.45
Cash & Short-Term Investments	6.39	4.2	15.18	60.19	18.45
Cash Growth	52.10%	-72.35%	-74.77%	226.30%	11.81%
Accounts Receivable	4.81	8	2.97	2.69	3.18
Other Receivables	0.52	-	29.1	22.68	28.99
Receivables	5.33	8	32.08	25.36	45.73
Other Current Assets	-	-	1.01	2.51	0.07
Total Current Assets	11.71	12.2	48.27	88.06	64.25
Property, Plant & Equipment	1.55	2.02	0.33	0.49	0.66
Long-Term Investments	1,406	1,185	1,393	1,248	1,185
Long-Term Deferred Tax Assets	1.97	0.91	-	-	-
Other Long-Term Assets	-	-	33.54	33.4	24.98
Total Assets	1,421	1,200	1,475	1,370	1,275
Accounts Payable	8.09	9.23	10.67	11.52	8.21
Current Portion of Long-Term Debt	-	-	97.71	-	-
Current Portion of Leases	-	-	0.21	0.35	0.5
Current Income Taxes Payable	-	1.93	-	0.31	0.74
Other Current Liabilities	16.78	15.51	15.81	18.21	14.9
Total Current Liabilities	24.87	26.67	124.4	30.39	24.35
Long-Term Debt	262.9	63.65	305.47	372.14	416.16
Long-Term Leases	0.84	0.99	-	-	-
Long-Term Deferred Tax Liabilities	-	-	82.3	67.39	43.9
Other Long-Term Liabilities	8.23	6.41	1.9	1.94	1.93
Total Liabilities	296.83	97.72	514.07	471.85	486.35
Common Stock	757.8	763.25	760.89	757.22	754.62
Retained Earnings	366.37	338.72	166.22	89.64	19.19
Comprehensive Income & Other	-	-	33.71	51.39	15.05
Shareholders' Equity	1,124	1,102	960.82	898.26	788.86
Total Liabilities & Equity	1,421	1,200	1,475	1,370	1,275
Total Debt	263.74	64.64	403.39	372.49	416.66
Net Cash (Debt)	-257.35	-60.44	-388.2	-312.3	-398.21
Net Cash Per Share	-4.76	-1.31	-7.76	-6.28	-8.22
Filing Date Shares Outstanding	45.34	45.62	45.5	45.31	45.15
Total Common Shares Outstanding	45.34	45.62	45.5	45.28	45.15
Working Capital	-13.15	-14.47	-76.12	57.68	39.89
Book Value Per Share	24.79	24.15	21.12	19.84	17.47
Tangible Book Value	1,124	1,102	960.82	898.26	788.86
Tangible Book Value Per Share	24.79	24.15	21.12	19.84	17.47

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