Mullen Group 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	144.64	126.29	2.3	8.76	-
Cash & Short-Term Investments	144.64	126.29	2.3	8.76	-
Cash Growth	14.53%	5402.66%	-73.79%	-	-
Accounts Receivable	301.61	262.14	248.03	259.54	217.13
Other Receivables	17.6	37.66	38.97	30.88	37.79
Receivables	319.21	299.79	287	290.43	254.91
Inventory	45.09	45.74	47.69	42.04	35.12
Prepaid Expenses	28.24	22.61	22.24	19.11	19.07
Other Current Assets	26.6	-	24.02	-	-
Total Current Assets	563.77	494.43	383.25	360.32	309.11
Property, Plant & Equipment	1,305	1,264	1,128	1,069	1,064
Long-Term Investments	43.32	44.22	43.2	45.57	38.52
Goodwill	447.67	374.21	367.08	366	358.73
Other Intangible Assets	192.61	112.22	91	99.62	99.16
Long-Term Accounts Receivable	-	-	-	0.15	0.09
Long-Term Deferred Tax Assets	1.02	7.14	7.29	6.7	9.63
Other Long-Term Assets	17.35	36.45	21.67	48.39	42.12
Total Assets	2,570	2,332	2,042	1,996	1,922
Accounts Payable	204.17	54.52	55.17	53.64	55.23
Accrued Expenses	-	0.01	-	0.03	0
Short-Term Debt	-	-	73	22.8	89.05
Current Portion of Long-Term Debt	0.03	0.03	243.6	0.21	0.05
Current Portion of Leases	45.92	43.43	25.58	20.99	17.89
Current Income Taxes Payable	3.34	4.32	3.76	19.39	3.34
Other Current Liabilities	6.7	110.64	101.3	102.93	92.75
Total Current Liabilities	260.15	212.94	502.4	219.99	258.31
Long-Term Debt	791.48	769.76	349.08	597.4	574.96
Long-Term Leases	217.13	184.34	72.83	70.87	63.36
Long-Term Deferred Tax Liabilities	159.46	146.93	140.87	132.92	135.08
Other Long-Term Liabilities	1.68	1.65	1.6	1.55	1.62
Total Liabilities	1,430	1,316	1,067	1,023	1,033
Common Stock	908.97	797.81	801.26	845.27	853.61
Additional Paid-In Capital	30.75	20.88	20.14	18.62	22.58
Retained Earnings	197.7	184.78	142.07	97.53	2.27
Comprehensive Income & Other	3.05	13.4	11.41	11.98	10.2
Shareholders' Equity	1,140	1,017	974.88	973.4	888.66
Total Liabilities & Equity	2,570	2,332	2,042	1,996	1,922
Total Debt	1,055	997.56	764.08	712.28	745.32
Net Cash (Debt)	-909.91	-871.27	-761.79	-703.52	-745.32
Net Cash Per Share	-9.45	-8.96	-7.69	-6.87	-7.75
Filing Date Shares Outstanding	91	87.67	88.02	92.88	94.17
Total Common Shares Outstanding	91	87.67	88.07	92.95	94.53
Working Capital	303.63	281.49	-119.14	140.33	50.8
Book Value Per Share	12.53	11.60	11.07	10.47	9.40
Tangible Book Value	500.18	530.45	516.8	507.78	430.78
Tangible Book Value Per Share	5.50	6.05	5.87	5.46	4.56
Land	-	659.17	651.81	637.41	630.72
Machinery	-	1,243	1,209	1,136	1,135

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