FRMUF Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	623.44	633.51	614.16	616.31	563.35	449.43
Cash & Equivalents	5.88	9.18	8.33	4.99	5.9	5.69
Accounts Receivable	1.86	2.57	2.41	1.18	2.98	2.96
Loans Receivable Current	0.5	0.5	5	7.53	-	-
Restricted Cash	0.05	0.02	0.14	0.2	0.2	0.2
Other Current Assets	5.31	6.16	7.33	2.13	3.22	22.24
Other Long-Term Assets	-	-	-	1.58	0.7	-
Total Assets	637.04	651.95	637.38	633.9	576.36	480.52
Current Portion of Long-Term Debt	37.14	18.16	97.6	72.79	17.99	18.32
Current Portion of Leases	0.05	0.05	0.05	0.04	0.04	0.03
Long-Term Debt	267.02	286.66	206.19	234	221.93	209.2
Long-Term Leases	0.05	0.11	0.15	0.18	0.22	0.26
Accrued Expenses	5.01	6.23	5.09	6.36	9.77	5.32
Current Unearned Revenue	0.76	0.75	0.79	0.54	0.53	0.34
Other Current Liabilities	5.04	3.58	2.46	2.74	3.66	1.76
Long-Term Unearned Revenue	2.36	2.33	2.05	2.01	1.51	1.31
Total Liabilities	331.88	345.57	345.69	337.38	280.44	257.07
Common Stock	217.74	217.74	217.74	218.71	198.07	167.62
Retained Earnings	87.42	88.64	73.95	77.8	97.85	55.83
Shareholders' Equity	305.16	306.38	291.69	296.51	295.92	223.45
Total Liabilities & Equity	637.04	651.95	637.38	633.9	576.36	480.52
Total Debt	318.71	332.67	335.29	325.73	264.97	248.35
Net Cash (Debt)	-312.83	-323.49	-326.96	-320.74	-259.07	-242.66
Net Cash Per Share	-8.47	-8.76	-8.85	-8.65	-7.62	-8.27
Filing Date Shares Outstanding	36.93	36.93	36.93	37.07	34.01	29.35
Total Common Shares Outstanding	36.93	36.93	36.93	37.1	34.01	29.35
Book Value Per Share	8.26	8.30	7.90	7.99	8.70	7.61
Tangible Book Value	305.16	306.38	291.69	296.51	295.92	223.45
Tangible Book Value Per Share	8.26	8.30	7.90	7.99	8.70	7.61

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