Mullen Group 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	151.17	126.29	2.3	8.76	-	105.34
Cash & Short-Term Investments	151.17	126.29	2.3	8.76	-	105.34
Cash Growth	-56.11%	5402.66%	-73.79%	-	-	33.30%
Accounts Receivable	287.44	262.14	248.03	259.54	217.13	173
Other Receivables	63.14	37.66	38.97	30.88	37.79	22.97
Receivables	350.58	299.79	287	290.43	254.91	195.98
Inventory	47.14	45.74	47.69	42.04	35.12	30.07
Prepaid Expenses	31.57	22.61	22.24	19.11	19.07	13.91
Other Current Assets	-	-	24.02	-	-	-
Total Current Assets	580.46	494.43	383.25	360.32	309.11	345.3
Property, Plant & Equipment	1,314	1,264	1,128	1,069	1,064	971.29
Long-Term Investments	44.4	44.22	43.2	45.57	38.52	35.76
Goodwill	448.53	374.21	367.08	366	358.73	271.34
Other Intangible Assets	199.86	112.22	91	99.62	99.16	45.87
Long-Term Accounts Receivable	-	-	-	0.15	0.09	0.21
Long-Term Deferred Tax Assets	1.07	7.14	7.29	6.7	9.63	9.07
Other Long-Term Assets	40.52	36.45	21.67	48.39	42.12	38.37
Total Assets	2,629	2,332	2,042	1,996	1,922	1,718
Accounts Payable	240.92	54.52	55.17	53.64	55.23	28.82
Accrued Expenses	-	0.01	-	0.03	0	0.04
Short-Term Debt	-	-	73	22.8	89.05	-
Current Portion of Long-Term Debt	0.03	0.03	243.6	0.21	0.05	0.02
Current Portion of Leases	43.18	43.43	25.58	20.99	17.89	11.44
Current Income Taxes Payable	3.9	4.32	3.76	19.39	3.34	3.69
Other Current Liabilities	6.09	110.64	101.3	102.93	92.75	62.2
Total Current Liabilities	294.11	212.94	502.4	219.99	258.31	106.2
Long-Term Debt	916.35	769.76	349.08	597.4	574.96	572.82
Long-Term Leases	226.92	184.34	72.83	70.87	63.36	23.59
Long-Term Deferred Tax Liabilities	161.06	146.93	140.87	132.92	135.08	117.29
Other Long-Term Liabilities	1.67	1.65	1.6	1.55	1.62	1.61
Total Liabilities	1,600	1,316	1,067	1,023	1,033	821.52
Common Stock	791.38	797.81	801.26	845.27	853.61	874.89
Additional Paid-In Capital	21.64	20.88	20.14	18.62	22.58	36.58
Retained Earnings	202.44	184.78	142.07	97.53	2.27	-24.16
Comprehensive Income & Other	13.17	13.4	11.41	11.98	10.2	9.12
Shareholders' Equity	1,029	1,017	974.88	973.4	888.66	896.42
Total Liabilities & Equity	2,629	2,332	2,042	1,996	1,922	1,718
Total Debt	1,186	997.56	764.08	712.28	745.32	607.87
Net Cash (Debt)	-1,035	-871.27	-761.79	-703.52	-745.32	-502.53
Net Cash Per Share	-10.68	-8.96	-7.69	-6.87	-7.75	-4.99
Filing Date Shares Outstanding	86.99	87.67	88.02	92.88	94.17	96.85
Total Common Shares Outstanding	86.99	87.67	88.07	92.95	94.53	96.85
Working Capital	286.35	281.49	-119.14	140.33	50.8	239.1
Book Value Per Share	11.82	11.60	11.07	10.47	9.40	9.26
Tangible Book Value	380.25	530.45	516.8	507.78	430.78	579.21
Tangible Book Value Per Share	4.37	6.05	5.87	5.46	4.56	5.98
Land	-	659.17	651.81	637.41	630.72	591.6
Machinery	-	1,243	1,209	1,136	1,135	1,099

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