MTL Cannabis Corp. (MTLNF)

MTL Cannabis Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	1.06	5.68	1.35	0.44	0.47	0.15
Cash & Short-Term Investments	1.06	5.68	1.35	0.44	0.47	0.15
Cash Growth	-69.68%	320.15%	209.02%	-7.02%	224.41%	-
Accounts Receivable	11.41	9.42	6.54	6.25	6.68	1.76
Other Receivables	0.15	2.4	0.23	0.07	0.24	0.49
Receivables	11.55	11.82	6.77	6.33	6.92	2.24
Inventory	18.89	16.95	8.63	9.17	7.09	4.39
Prepaid Expenses	1.45	0.46	1.87	0.35	0.17	0.02
Other Current Assets	1.53	2.14	1.55	1.26	-	-
Total Current Assets	34.48	37.05	20.19	17.55	14.64	6.8
Property, Plant & Equipment	34.6	30.43	28.73	14.2	9.13	10.57
Goodwill	12.6	12.6	12.6	-	-	-
Other Intangible Assets	3.77	6.01	9.96	-	-	-
Other Long-Term Assets	0.1	0.06	-	-	-	-
Total Assets	85.55	86.16	71.47	31.75	23.77	17.36

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Accounts Payable	11.45	16.21	13.88	8.23	6.09	3.2
Short-Term Debt	3.53	14.9	17.44	6.16	2.04	2.03
Current Portion of Long-Term Debt	-	7.58	1.12	1.46	1.5	-
Current Portion of Leases	1.79	1.02	0.71	0.19	0.65	0.52
Current Income Taxes Payable	0.89	0.7	0.88	0.99	0.1	-
Other Current Liabilities	0.92	8.15	0.28	0.8	2.07	2.16
Total Current Liabilities	18.58	48.57	34.32	17.82	12.46	7.91
Long-Term Debt	23.7	-	4.29	-	0.05	1.54
Long-Term Leases	18.65	13.87	12.68	11.58	5.23	5.86
Long-Term Deferred Tax Liabilities	1.26	1.95	1.07	0.81	2.28	0.5
Other Long-Term Liabilities	-	-	4.49	-	-	-
Total Liabilities	62.19	64.39	56.85	30.2	20.02	15.81

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Common Stock	12.31	11.08	11.08	0	0	0
Additional Paid-In Capital	13.04	4.98	4.16	0.11	0.11	0.11
Retained Earnings	-1.99	5.71	-0.61	1.43	3.64	1.44
Shareholders' Equity	23.36	21.76	14.63	1.54	3.75	1.55
Total Liabilities & Equity	85.55	86.16	71.47	31.75	23.77	17.36

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Total Debt	47.67	37.38	36.24	19.38	9.47	9.96
Net Cash (Debt)	-46.61	-31.7	-34.89	-18.94	-9	-9.81
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.40	-0.27	-0.37	-0.52	-	-
Filing Date Shares Outstanding	120.3	117	117	45.83	-	-
Total Common Shares Outstanding	120.3	117	117	45.83	-	-
Working Capital	15.9	-11.52	-14.13	-0.27	2.19	-1.11
Book Value Per Share	0.19	0.19	0.13	0.03	-	-
Tangible Book Value	6.99	3.15	-7.94	1.54	3.75	1.55
Tangible Book Value Per Share	0.06	0.03	-0.07	0.03	-	-
Land	0.12	0.12	0.62	-	-	-
Buildings	10.65	11.6	11.99	-	-	-
Machinery	9.61	8.52	7.85	6.08	5.77	5.53
Leasehold Improvements	4.56	4.01	0.87	0.07	0.02	-

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Mar 15, 2026

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