Cardiol Therapeutics 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	27.67	21.42	30.58	34.93	59.47	83.9
Cash & Short-Term Investments	27.67	21.42	30.58	34.93	59.47	83.9
Cash Growth	18.81%	-29.97%	-12.46%	-41.26%	-29.12%	498.20%
Accounts Receivable	-	-	-	-	-	0.07
Other Receivables	0.34	0.23	0.36	0.28	0.48	0.34
Receivables	0.34	0.23	0.36	0.28	0.48	0.41
Prepaid Expenses	3.25	1.86	0.73	0.94	1.49	2.83
Total Current Assets	31.27	23.5	31.67	36.15	61.44	87.14
Property, Plant & Equipment	0.14	0.12	0.2	0.34	0.3	0.36
Other Intangible Assets	-	-	-	0.21	0.29	0.38
Total Assets	31.41	23.62	31.86	36.7	62.03	87.88
Accounts Payable	3.42	3.48	6.98	7.62	8.35	4.14
Accrued Expenses	-	-	-	0.42	0.99	0.72
Current Portion of Leases	0.04	0.04	0.03	0.02	0.05	0.04
Other Current Liabilities	3.67	2.14	-	0.24	0.42	6.66
Total Current Liabilities	7.13	5.66	7.01	8.3	9.8	11.57
Long-Term Leases	0.08	0.09	0.13	0.16	0.02	0.07
Total Liabilities	7.2	5.74	7.14	8.45	9.83	11.64
Common Stock	212.8	201.87	179.34	148.52	147.55	142.92
Additional Paid-In Capital	32.47	29.08	24.65	18.79	15.59	12.66
Retained Earnings	-223.89	-213.07	-179.25	-142.58	-114.45	-83.52
Comprehensive Income & Other	2.82	-	-	3.52	3.52	4.18
Shareholders' Equity	24.2	17.88	24.73	28.25	52.2	76.24
Total Liabilities & Equity	31.41	23.62	31.86	36.7	62.03	87.88
Total Debt	0.12	0.13	0.16	0.17	0.07	0.12
Net Cash (Debt)	27.56	21.29	30.42	34.76	59.4	83.78
Net Cash Growth	19.08%	-30.01%	-12.47%	-41.48%	-29.10%	504.11%
Net Cash Per Share	0.29	0.24	0.43	0.54	0.95	1.94
Filing Date Shares Outstanding	108.99	111.87	82.61	68.27	64.1	61.93
Total Common Shares Outstanding	108.99	100.26	82.61	65.35	64.04	61.92
Working Capital	24.14	17.85	24.66	27.86	51.63	75.58
Book Value Per Share	0.22	0.18	0.30	0.43	0.82	1.23
Tangible Book Value	24.2	17.88	24.73	28.04	51.91	75.86
Tangible Book Value Per Share	0.22	0.18	0.30	0.43	0.81	1.23
Machinery	-	0.41	0.39	0.42	0.35	0.28
Leasehold Improvements	-	0.24	0.24	0.24	0.24	0.24