Cascades 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 31, 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	85	48	27	54	102	174
Short-Term Investments	4	4	1	1	9	1
Cash & Short-Term Investments	89	52	28	55	111	175
Cash Growth	187.10%	85.71%	-49.09%	-50.45%	-36.57%	-55.01%
Accounts Receivable	444	426	469	453	556	510
Inventory	681	661	685	568	587	494
Other Current Assets	12	12	4	12	11	19
Total Current Assets	1,226	1,151	1,186	1,088	1,265	1,198
Net Property, Plant & Equipment	2,633	2,649	2,847	2,808	2,945	2,522
Other Intangible Assets	30	30	41	55	73	88
Goodwill	495	491	504	482	488	473
Long-Term Investments	71	71	97	94	98	93
Other Long-Term Assets	287	281	273	245	184	192
Total Assets	4,742	4,673	4,948	4,772	5,053	4,566
Accounts Payable	685	697	748	703	746	707
Short-Term Debt	-	-	10	-	3	1
Current Portion of Long-Term Debt	78	70	242	67	134	74
Current Portion of Leases	28	28	43	29	22	16
Other Current Liabilities	11	12	44	20	12	24
Total Current Liabilities	802	807	1,087	819	917	822
Long-Term Debt	1,908	1,874	1,871	1,869	1,931	1,450
Long-Term Leases	11	8	-	5	7	6
Other Long-Term Liabilities	228	229	219	298	270	361
Total Long-Term Liabilities	2,147	2,111	2,090	2,172	2,208	1,817
Total Liabilities	2,949	2,918	3,177	2,991	3,125	2,639
Common Stock	619	619	616	613	611	614
Additional Paid-in Capital	18	17	16	15	14	14
Accumulated Other Comprehensive Income	51	43	73	15	34	-23
Retained Earnings	1,069	1,042	1,019	1,096	1,212	1,274
Total Common Shareholders' Equity	1,757	1,721	1,724	1,739	1,871	1,879
Minority Interest	36	34	47	42	57	48
Shareholders' Equity	1,793	1,755	1,771	1,781	1,928	1,927
Total Liabilities & Equity	4,742	4,673	4,948	4,772	5,053	4,566
Total Debt	2,025	1,980	2,166	1,970	2,097	1,547
Net Cash (Debt)	-1,936	-1,928	-2,138	-1,915	-1,986	-1,372
Net Cash Per Share	-19.06	-19.01	-21.14	-18.97	-19.64	-13.33
Book Value	1,757	1,721	1,724	1,739	1,871	1,879
Book Value Per Share	17.30	16.97	17.05	17.22	18.51	18.26
Tangible Book Value	1,232	1,200	1,179	1,202	1,310	1,318
Tangible Book Value Per Share	12.13	11.83	11.66	11.91	12.96	12.81