TSX:MRG.UN 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	114.63	51.26	17.83	14.64	26.56
Cash & Short-Term Investments	114.63	51.26	17.83	14.64	26.56
Cash Growth	123.64%	187.56%	21.79%	-44.90%	-2.72%
Accounts Receivable	10.63	12.58	9.57	11.4	7.19
Restricted Cash	4.53	4.86	4.08	89	11.8
Other Current Assets	21.31	98.98	11.7	87.07	75.2
Total Current Assets	151.1	167.68	43.17	202.1	120.75
Net Property, Plant & Equipment	4,312	4,333	3,999	3,627	3,256
Long-Term Investments	72.64	70.87	53.28	105.46	96.38
Total Assets	4,536	4,572	4,096	3,934	3,473
Accounts Payable	63.97	73.61	54.77	53.72	47.71
Current Portion of Long-Term Debt	191.7	218.92	167.62	219.95	96.98
Total Current Liabilities	255.67	292.53	222.4	273.66	144.69
Long-Term Debt	1,562	1,555	1,380	1,247	1,278
Long-Term Leases	16.94	17.61	16.06	16.24	9.07
Other Long-Term Liabilities	595.37	594.51	517.81	541.77	480.25
Total Long-Term Liabilities	2,174	2,167	1,914	1,805	1,767
Total Liabilities	2,430	2,460	2,136	2,079	1,912
Total Common Shareholders' Equity	1,995	2,001	1,853	1,753	1,485
Minority Interest	111.4	110.65	106.87	101.91	76.65
Shareholders' Equity	2,106	2,112	1,960	1,855	1,561
Total Liabilities & Equity	4,536	4,572	4,096	3,934	3,473
Total Debt	1,771	1,792	1,564	1,484	1,384
Net Cash (Debt)	-1,656	-1,740	-1,546	-1,469	-1,357
Net Cash Per Share	-	-30.69	-26.43	-26.09	-22.44
Book Value	1,995	2,001	1,853	1,753	1,485
Book Value Per Share	-	35.29	31.67	31.14	24.54
Tangible Book Value	1,995	2,001	1,853	1,753	1,485
Tangible Book Value Per Share	-	35.29	31.67	31.14	24.54

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