Acadian Timber Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 28, 2026	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	2.27	4.81	15.25	1.83	6.23	7.32
Cash & Short-Term Investments	2.27	4.81	15.25	1.83	6.23	7.32
Cash Growth	-50.98%	-68.47%	732.88%	-70.61%	-14.84%	-28.68%
Accounts Receivable	7.38	9.15	8.58	9.3	8.27	8.39
Inventory	3.69	3.03	2.09	15.33	1.85	1.45
Other Current Assets	-	-	-	1.67	-	0.1
Total Current Assets	13.33	16.99	25.92	28.13	16.35	17.26
Net Property, Plant & Equipment	614.01	610.36	575.96	533.68	525.35	493.25
Other Intangible Assets	6.24	6.26	6.14	6.14	6.14	6.14
Total Assets	633.59	633.61	608.02	567.95	547.84	516.64
Accounts Payable	9.52	12.21	10.92	9.37	11.21	8.8
Current Portion of Long-Term Debt	0.71	0.7	46.05	-	-	-
Other Current Liabilities	5.38	6.66	5.36	4.98	4.92	4.84
Total Current Liabilities	15.61	19.57	62.32	14.35	16.12	13.64
Long-Term Debt	111.23	110.01	68.9	105.52	107.94	100.89
Other Long-Term Liabilities	145.22	144.29	137.77	129.1	120.05	110.63
Total Long-Term Liabilities	256.45	254.3	206.67	234.62	227.99	211.52
Total Liabilities	272.06	273.87	268.99	248.97	244.11	225.16
Shareholders' Equity	361.53	359.74	339.03	318.98	303.72	291.49
Total Liabilities & Equity	633.59	633.61	608.02	567.95	547.84	516.64
Total Debt	111.94	110.71	114.94	105.52	107.94	100.89
Net Cash (Debt)	-109.67	-105.9	-99.69	-103.68	-101.71	-93.57
Net Cash Per Share	-6.03	-5.83	-5.67	-6.05	-6.06	-5.61
Book Value	361.53	359.74	339.03	318.98	303.72	291.49
Book Value Per Share	19.86	19.81	19.30	18.63	18.09	17.47
Tangible Book Value	355.29	353.49	332.89	312.84	297.58	285.35
Tangible Book Value Per Share	19.52	19.47	18.95	18.27	17.72	17.10