Conifex 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 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	3.63	4.43	3.64	4.19	8.44	6.35
Cash & Short-Term Investments	3.63	4.43	3.64	4.19	8.44	6.35
Cash Growth	-12.99%	21.64%	-13.03%	-50.34%	32.81%	-43.06%
Accounts Receivable	11.06	6.02	7.42	7.21	10.38	8.77
Inventory	15.58	13.12	14.41	22.99	49.22	40.35
Other Current Assets	15.27	16.25	19.73	22.66	25.25	22.27
Total Current Assets	45.54	39.82	45.2	57.05	93.28	77.74
Net Property, Plant & Equipment	109.3	111.29	117.49	123.12	129.91	125.43
Other Intangible Assets	3.03	3.05	3.15	2.99	3.08	3.14
Goodwill	1.88	1.88	1.88	1.88	1.88	1.88
Long-Term Investments	30.65	30.35	30.21	30.97	29.11	22.65
Other Long-Term Assets	24.46	21.27	5.96	2.99	-	0.63
Total Assets	214.86	207.67	203.88	218.99	257.26	231.46
Accounts Payable	30.36	30.22	19.83	19.06	17.18	18.76
Short-Term Debt	-	-	-	11.48	6.5	-
Current Portion of Long-Term Debt	12.9	86.31	7.02	4.79	4.74	4.62
Other Current Liabilities	4.21	3.66	2.87	4.01	5.75	7.01
Total Current Liabilities	47.47	120.19	29.72	39.33	34.18	30.4
Long-Term Debt	89.68	1.34	70.3	47.58	51.56	54.76
Other Long-Term Liabilities	37.33	36.4	18.03	16.57	25.26	16.47
Total Long-Term Liabilities	127.02	37.74	88.32	64.16	76.82	71.23
Total Liabilities	174.49	157.93	118.04	103.49	111	101.63
Common Stock	246.39	246.39	246.39	246.26	245.6	248.25
Additional Paid-in Capital	45.08	45.05	45.48	45.48	46.27	43.64
Accumulated Other Comprehensive Income	0.57	0.57	0.57	0.57	0.57	0.56
Retained Earnings	-251.67	-242.27	-206.6	-176.81	-146.18	-162.63
Shareholders' Equity	40.37	49.74	85.84	115.5	146.27	129.83
Total Liabilities & Equity	214.86	207.67	203.88	218.99	257.26	231.46
Total Debt	102.58	87.65	77.32	63.85	62.8	59.38
Net Cash (Debt)	-98.95	-83.22	-73.67	-59.66	-54.36	-53.03
Net Cash Per Share	-2.90	-2.04	-1.81	-1.49	-1.36	-1.17
Book Value	40.37	49.74	85.84	115.5	146.27	129.83
Book Value Per Share	1.18	1.22	2.11	2.89	3.65	2.87
Tangible Book Value	35.46	44.81	80.81	110.64	141.31	124.82
Tangible Book Value Per Share	1.04	1.10	1.99	2.76	3.52	2.76