RECAF Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	2018 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2018 - 2020
Cash & Equivalents	17.27	11.41	2.08	38.81	47.02	61.15	Upgrade
Cash & Short-Term Investments	17.27	11.41	2.08	38.81	47.02	61.15	Upgrade
Cash Growth	88.56%	449.57%	-94.65%	-17.44%	-23.12%	800.20%	Upgrade
Accounts Receivable	-	-	-	7.59	12.34	9.83	Upgrade
Other Receivables	1.11	3.38	0.42	5.17	5.34	1.75	Upgrade
Receivables	1.11	3.38	0.42	12.76	17.68	11.58	Upgrade
Prepaid Expenses	0.28	0.84	0.55	0.85	1.28	0.87	Upgrade
Restricted Cash	-	-	-	17.15	17.11	-	Upgrade
Total Current Assets	18.65	15.64	3.05	69.57	83.09	73.6	Upgrade
Property, Plant & Equipment	175.3	176.08	134.18	119.36	108.24	60.33	Upgrade
Other Long-Term Assets	3.94	4.15	5.07	-	-	-	Upgrade
Total Assets	197.89	195.87	142.3	188.93	191.33	133.93	Upgrade
Accounts Payable	2.83	2.49	3.35	7.81	7.27	6.64	Upgrade
Accrued Expenses	-	-	-	94.95	85.47	41.01	Upgrade
Other Current Liabilities	0.72	0.76	1.06	0.73	-	-	Upgrade
Total Current Liabilities	3.55	3.25	4.41	103.49	92.74	47.65	Upgrade
Long-Term Deferred Tax Liabilities	0.98	1.04	0.44	0.32	0.32	0.29	Upgrade
Other Long-Term Liabilities	0.55	0.55	0.6	1.8	2.26	0.76	Upgrade
Total Liabilities	5.09	4.84	5.45	105.6	95.32	48.7	Upgrade
Common Stock	421.13	408.8	360.54	355.03	354.48	311	Upgrade
Retained Earnings	-333.87	-325.53	-306	-347.11	-326.7	-274.16	Upgrade
Comprehensive Income & Other	105.54	107.77	82.32	75.41	68.24	48.39	Upgrade
Shareholders' Equity	192.8	191.03	136.85	83.33	96.01	85.22	Upgrade
Total Liabilities & Equity	197.89	195.87	142.3	188.93	191.33	133.93	Upgrade
Net Cash (Debt)	17.27	11.41	2.08	38.81	47.02	61.15	Upgrade
Net Cash Growth	88.56%	449.57%	-94.65%	-17.44%	-23.12%	800.20%	Upgrade
Net Cash Per Share	0.06	0.05	0.01	0.19	0.24	0.37	Upgrade
Filing Date Shares Outstanding	303.59	265.64	233.82	209.12	201.98	199.48	Upgrade
Total Common Shares Outstanding	303.59	265.64	210.92	202.08	201.65	189.22	Upgrade
Working Capital	15.1	12.39	-1.36	-33.91	-9.66	25.95	Upgrade
Book Value Per Share	0.64	0.72	0.65	0.41	0.48	0.45	Upgrade
Tangible Book Value	192.8	191.03	136.85	83.33	96.01	85.22	Upgrade
Tangible Book Value Per Share	0.64	0.72	0.65	0.41	0.48	0.45	Upgrade
Machinery	7.41	7.81	7.43	7.27	5.54	6.72	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.