Morguard Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	184.62	140.73	116.52	111.81	173.66
Cash & Short-Term Investments	184.62	140.73	116.52	111.81	173.66
Cash Growth	31.19%	20.78%	4.21%	-35.62%	22.22%
Accounts Receivable	94.38	57.4	59.86	80.16	63.97
Other Current Assets	37.45	37.61	49.84	147.16	53.35
Total Current Assets	316.44	235.73	226.22	339.13	290.98
Net Property, Plant & Equipment	85.86	86	87.38	337.24	457.15
Long-Term Investments	48.71	63.06	95.53	120.35	144.21
Other Long-Term Assets	298.28	326.15	340.28	357.47	355.33
Total Assets	11,842	11,759	11,623	11,705	11,493
Accounts Payable	249.28	265.45	246.84	245.29	240.31
Short-Term Debt	87.97	188.08	191.37	189.31	8.04
Current Portion of Long-Term Debt	1,191	758.94	1,579	1,021	856.1
Total Current Liabilities	1,528	1,212	2,017	1,456	1,104
Long-Term Debt	4,009	4,319	3,865	4,417	4,767
Long-Term Leases	167.81	169.92	169.14	170.93	166.53
Other Long-Term Liabilities	1,369	1,339	1,229	1,276	1,281
Total Long-Term Liabilities	5,546	5,828	5,263	5,864	6,214
Total Liabilities	7,074	7,040	7,280	7,320	7,319
Total Common Shareholders' Equity	4,385	4,292	3,888	3,865	3,632
Minority Interest	383.22	426.83	455.54	520.22	541.57
Shareholders' Equity	4,769	4,719	4,343	4,385	4,174
Total Liabilities & Equity	11,842	11,759	11,623	11,705	11,493
Total Debt	5,455	5,436	5,804	5,799	5,798
Net Cash (Debt)	-5,271	-5,295	-5,687	-5,687	-5,624
Net Cash Per Share	-492.49	-490.00	-521.64	-513.23	-506.62
Book Value	4,385	4,292	3,888	3,865	3,632
Book Value Per Share	409.78	397.23	356.56	348.84	327.19
Tangible Book Value	4,385	4,292	3,888	3,865	3,632
Tangible Book Value Per Share	409.78	397.23	356.56	348.84	327.19

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.