CEMATRIX 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	9.95	10.3	3.29	10.68	19.95	2.48
Cash & Short-Term Investments	9.95	10.3	3.29	10.68	19.95	2.48
Cash Growth	0.16%	213.11%	-69.22%	-46.44%	705.86%	201.66%
Accounts Receivable	15.54	6.73	12.81	7.33	4.89	4.09
Other Receivables	0.01	0.01	0.05	0.01	0.02	0.24
Receivables	15.55	6.74	12.87	7.34	4.91	4.33
Inventory	0.91	0.83	1.04	1.01	0.72	0.69
Prepaid Expenses	-	-	-	0.53	0.58	0.32
Restricted Cash	-	-	-	-	0.29	0.29
Other Current Assets	0.28	0.59	0.68	-	-	-
Total Current Assets	26.69	18.46	17.87	19.56	26.44	8.11
Property, Plant & Equipment	14.52	15.83	13.06	12.71	12.17	13.14
Long-Term Investments	2.57	2.57	2.34	2.38	-	-
Goodwill	6.32	6.53	6	6.15	5.75	5.78
Other Intangible Assets	-	-	-	-	-	1.19
Long-Term Deferred Charges	-	-	-	-	-	0.3
Other Long-Term Assets	-	-	-	0.02	0.03	0.31
Total Assets	50.1	43.4	39.28	40.82	44.39	28.84
Accounts Payable	4.62	0.93	4.5	4.41	2.32	1.16
Accrued Expenses	0.91	0.77	1.79	0.24	0.71	0.64
Short-Term Debt	-	-	-	-	-	0.13
Current Portion of Long-Term Debt	0.27	1	0.92	4.44	0.88	10.6
Current Portion of Leases	0.81	0.76	0.73	0.59	0.58	0.58
Other Current Liabilities	0.36	0.13	0.39	0.49	0.18	2.76
Total Current Liabilities	6.96	3.58	8.32	10.17	4.66	15.87
Long-Term Debt	1.35	0.11	1.01	1.98	5.83	8.7
Long-Term Leases	1.38	1.73	0.59	0.57	1.11	1.48
Long-Term Deferred Tax Liabilities	1.12	0.61	0.64	0.36	1.21	2.11
Total Liabilities	10.81	6.02	10.56	13.08	12.81	28.16
Common Stock	47.82	47.87	42.64	42.4	42.4	13.8
Additional Paid-In Capital	10.15	9.85	8.24	7.61	7	2.64
Retained Earnings	-19.51	-21.86	-22.13	-23.37	-17.81	-15.95
Comprehensive Income & Other	0.83	1.52	-0.02	1.1	-0.02	0.19
Shareholders' Equity	39.29	37.37	28.72	27.74	31.58	0.68
Total Liabilities & Equity	50.1	43.4	39.28	40.82	44.39	28.84
Total Debt	3.81	3.59	3.24	7.58	8.39	21.49
Net Cash (Debt)	6.14	6.71	0.04	3.11	11.55	-19.01
Net Cash Growth	-2.34%	15143.18%	-98.58%	-73.10%	-	-
Net Cash Per Share	0.04	0.05	0.00	0.02	0.10	-0.31
Filing Date Shares Outstanding	150.2	150.43	135.28	134.04	133.94	113.04
Total Common Shares Outstanding	150.2	150.43	135.28	133.95	133.94	66.78
Working Capital	19.73	14.88	9.56	9.4	21.78	-7.77
Book Value Per Share	0.26	0.25	0.21	0.21	0.24	0.01
Tangible Book Value	32.97	30.84	22.72	21.59	25.83	-6.29
Tangible Book Value Per Share	0.22	0.21	0.17	0.16	0.19	-0.09
Machinery	-	23.92	20.59	19.37	17.41	16.8

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