TWMIF 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
Cash & Equivalents	2.1	0.1	0.1	17	15.8	9.93
Short-Term Investments	-	-	336.6	-	-	-
Cash & Short-Term Investments	2.1	0.1	336.7	17	15.8	9.93
Cash Growth	2000.00%	-99.97%	1880.59%	7.60%	59.10%	71.67%
Receivables	117.4	159.1	147.8	269.9	242.9	169.96
Inventory	109.1	132.8	98.1	87.9	59.4	38.55
Prepaid Expenses	26.5	10	18.1	57.6	38.4	25.36
Other Current Assets	4.4	46.2	3	18.5	5.9	102.01
Total Current Assets	259.5	348.2	603.7	450.9	362.4	345.81
Property, Plant & Equipment	791	815.5	924.5	1,664	1,498	1,411
Long-Term Investments	46.4	35.4	34.8	94.5	61.2	55.02
Other Long-Term Assets	38.9	41.9	40.6	65.6	49.4	51.72
Total Assets	1,136	1,241	1,604	2,275	1,971	1,864
Accounts Payable	145.3	178.6	258.8	404.7	311.1	269.07
Accrued Expenses	8.2	3.5	6.3	4.9	-	1.34
Short-Term Debt	-	-	24.8	24.8	19.4	-
Current Portion of Long-Term Debt	177.1	14.8	493.3	-	124.2	-
Current Portion of Leases	11.1	12.7	36.5	47	46.5	49.6
Current Unearned Revenue	33.6	17	17	16.9	-	-
Other Current Liabilities	20.9	44.7	88	53.8	22.9	17.01
Total Current Liabilities	396.2	271.3	924.7	552.1	524.1	337.01
Long-Term Debt	385.8	531	222.3	736.7	541.2	855.52
Long-Term Leases	9.6	14.3	16.9	133.6	71.9	52
Long-Term Deferred Tax Liabilities	-	-	-	51	45.6	27.28
Other Long-Term Liabilities	93.1	91.4	99.2	54.9	145.1	163.12
Total Liabilities	884.7	908	1,263	1,528	1,328	1,435
Common Stock	543.7	543.5	540.8	537.6	616.6	442.12
Retained Earnings	-361.7	-279.5	-252.9	145.8	-	-37.63
Comprehensive Income & Other	29.6	26.6	22.9	19.9	-	22.24
Total Common Equity	211.6	290.6	310.8	703.3	616.6	426.74
Minority Interest	39.5	42.4	29.7	43	26.1	1.99
Shareholders' Equity	251.1	333	340.5	746.3	642.7	428.73
Total Liabilities & Equity	1,136	1,241	1,604	2,275	1,971	1,864
Total Debt	583.6	572.8	793.8	942.1	803.2	957.11
Net Cash (Debt)	-581.5	-572.7	-457.1	-925.1	-787.4	-947.18
Net Cash Per Share	-26.98	-26.67	-21.49	-48.64	-38.24	-54.07
Filing Date Shares Outstanding	21.6	21.56	21.41	21.23	17.09	16.96
Total Common Shares Outstanding	21.6	21.55	21.39	21.23	17.08	16.95
Working Capital	-136.7	76.9	-321	-101.2	-161.7	8.79
Book Value Per Share	9.80	13.48	14.53	33.14	36.10	25.17
Tangible Book Value	211.6	290.6	310.8	703.3	616.6	426.74
Tangible Book Value Per Share	9.80	13.48	14.53	33.14	36.10	25.17
Machinery	1,453	1,480	1,505	1,552	1,483	1,360
Construction In Progress	15.7	5	33.6	282.8	77.1	49.77

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