Mullen Group 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	144.64	126.29	2.3	8.76	-
Cash & Short-Term Investments	144.64	126.29	2.3	8.76	-
Cash Growth	14.53%	5402.66%	-73.79%	-	-
Accounts Receivable	301.61	292.27	278.01	284.9	248.87
Inventory	45.09	45.74	47.69	42.04	35.12
Other Current Assets	72.44	30.13	55.25	24.63	25.12
Total Current Assets	563.77	494.43	383.25	360.32	309.11
Net Property, Plant & Equipment	1,305	1,264	1,128	1,069	1,064
Other Intangible Assets	192.61	112.22	91	99.62	99.16
Goodwill	447.67	374.21	367.08	366	358.73
Long-Term Investments	43.32	44.22	43.2	45.57	38.52
Other Long-Term Assets	18.36	43.59	28.95	55.24	52.49
Total Assets	2,570	2,332	2,042	1,996	1,922
Accounts Payable	204.17	159.02	151.18	151.02	144.2
Short-Term Debt	-	-	73	22.8	89.05
Current Portion of Long-Term Debt	0.03	0.03	243.6	0.21	0.05
Current Portion of Leases	45.92	43.43	25.58	20.99	17.89
Other Current Liabilities	10.04	10.46	9.04	24.96	7.12
Total Current Liabilities	260.15	212.94	502.4	219.99	258.31
Long-Term Debt	791.48	769.76	349.08	597.4	574.96
Long-Term Leases	217.13	184.34	72.83	70.87	63.36
Other Long-Term Liabilities	161.13	148.58	142.47	134.47	136.7
Total Long-Term Liabilities	1,170	1,103	564.38	802.74	775.03
Total Liabilities	1,430	1,316	1,067	1,023	1,033
Common Stock	908.97	797.81	801.26	845.27	853.61
Additional Paid-in Capital	30.75	30	29.26	27.74	31.69
Accumulated Other Comprehensive Income	3.05	4.28	2.3	2.87	1.09
Retained Earnings	197.7	184.78	142.07	97.53	2.27
Shareholders' Equity	1,140	1,017	974.88	973.4	888.66
Total Liabilities & Equity	2,570	2,332	2,042	1,996	1,922
Total Debt	1,055	997.56	764.08	712.28	745.32
Net Cash (Debt)	-909.91	-871.27	-761.79	-703.52	-745.32
Net Cash Per Share	-9.45	-8.96	-7.69	-6.87	-7.75
Book Value	1,140	1,017	974.88	973.4	888.66
Book Value Per Share	11.84	10.46	9.84	9.51	9.24
Tangible Book Value	500.18	530.45	516.8	507.78	430.78
Tangible Book Value Per Share	5.19	5.46	5.21	4.96	4.48

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