Spectral Medical 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	5.89	2.99	2.95	8.41	8.89	5.81
Short-Term Investments	-	0.59	0.61	0.24	0.72	0.23
Cash & Short-Term Investments	5.89	3.57	3.56	8.66	9.61	6.04
Cash Growth	2.31%	0.39%	-58.87%	-9.91%	59.08%	302.87%
Accounts Receivable	0.43	0.3	0.05	0.86	0.11	0.2
Other Receivables	-	0.15	0.14	0.19	0.1	0.06
Receivables	0.43	0.45	0.19	1.06	0.21	0.26
Inventory	0.22	0.23	0.37	0.34	0.29	0.35
Prepaid Expenses	0.71	0.2	0.01	0.04	0.16	0.16
Total Current Assets	7.25	4.46	4.13	10.09	10.26	6.8
Property, Plant & Equipment	0.52	0.69	0.89	0.7	1.06	1.11
Long-Term Investments	-	-	-	1	-	-
Other Intangible Assets	0.35	0.18	0.19	0.21	0.23	0.25
Total Assets	8.13	5.32	5.21	12	11.56	8.16
Accounts Payable	2.98	0.99	1.6	1.65	0.44	0.19
Accrued Expenses	-	1.78	1.22	1.44	1.08	1.95
Current Portion of Long-Term Debt	16.09	14.43	7.94	0.08	-	-
Current Portion of Leases	0.13	0.13	0.12	0.1	0.09	0.09
Current Unearned Revenue	0.76	0.38	0.73	0.7	0.69	0.68
Other Current Liabilities	47.41	9.74	6.31	2.67	-	-
Total Current Liabilities	67.37	27.45	17.92	6.63	2.3	2.9
Long-Term Debt	-	-	-	3.49	-	-
Long-Term Leases	0.27	0.37	0.5	0.42	0.49	0.58
Long-Term Unearned Revenue	4.69	5.05	3.34	4.01	4.68	5.35
Total Liabilities	76.79	32.87	21.76	14.55	7.47	8.83
Common Stock	93.77	90.57	87.06	87.05	84.36	71.87
Additional Paid-In Capital	10.15	10.15	8.92	8.77	7.99	7.98
Retained Earnings	-185.69	-140.84	-125.44	-109.78	-98.49	-89.71
Comprehensive Income & Other	13.11	12.58	12.91	11.4	10.24	9.19
Shareholders' Equity	-68.66	-27.55	-16.55	-2.55	4.08	-0.67
Total Liabilities & Equity	8.13	5.32	5.21	12	11.56	8.16
Total Debt	16.49	14.93	8.56	4.08	0.58	0.67
Net Cash (Debt)	-10.6	-11.35	-5	4.57	9.03	5.37
Net Cash Growth	-	-	-	-49.33%	68.00%	611.52%
Net Cash Per Share	-0.04	-0.04	-0.02	0.02	0.04	0.02
Filing Date Shares Outstanding	289.14	285.12	279.39	278.55	268.14	238.87
Total Common Shares Outstanding	289.14	284.32	278.58	278.55	267.89	236.76
Working Capital	-60.12	-22.99	-13.79	3.45	7.96	3.9
Book Value Per Share	-0.24	-0.10	-0.06	-0.01	0.02	-0.00
Tangible Book Value	-69.01	-27.72	-16.74	-2.77	3.86	-0.92
Tangible Book Value Per Share	-0.24	-0.10	-0.06	-0.01	0.01	-0.00
Machinery	-	2.82	2.79	2.66	3.09	2.9
Leasehold Improvements	-	0.39	0.39	0.34	0.33	0.33

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