Pinetree Capital Ltd. (TSX:PNP)

Pinetree Capital Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	8.7	5.13	2.17	6.05	9.94	2.97
Cash & Short-Term Investments	8.7	5.13	2.17	6.05	9.94	2.97
Cash Growth	121.32%	136.48%	-64.14%	-39.18%	234.65%	-52.14%
Other Receivables	-	-	-	0.05	0.05	0.02
Receivables	-	-	-	0.05	0.05	0.02
Prepaid Expenses	0.06	0.07	0.13	0.06	-	-
Total Current Assets	8.76	5.19	2.3	6.16	9.99	2.99
Long-Term Investments	81.31	73.08	43.45	33.91	28.86	16.49
Total Assets	90.07	78.27	45.75	40.06	38.85	19.48
Accounts Payable	1.21	0.38	0.16	0.24	0.2	0.18
Current Portion of Long-Term Debt	0.18	0.19	0.2	0.2	0.2	0.21
Other Current Liabilities	-	-	0.02	-	0.01	-
Total Current Liabilities	1.4	0.57	0.38	0.44	0.41	0.38
Total Liabilities	1.4	0.57	0.38	0.44	0.41	0.38
Common Stock	342.29	342.29	342.29	342.29	342.29	324.41
Additional Paid-In Capital	108.18	108.18	108.18	108.18	108.18	108.18
Retained Earnings	-361.79	-372.77	-405.09	-410.85	-412.03	-413.49
Shareholders' Equity	88.67	77.7	45.37	39.62	38.44	19.1
Total Liabilities & Equity	90.07	78.27	45.75	40.06	38.85	19.48
Total Debt	0.18	0.19	0.2	0.2	0.2	0.21
Net Cash (Debt)	8.52	4.94	1.97	5.84	9.74	2.76
Net Cash Growth	127.85%	150.61%	-66.28%	-40.00%	252.37%	-53.91%
Net Cash Per Share	0.91	0.53	0.21	0.62	1.28	0.61
Filing Date Shares Outstanding	9.39	9.39	9.39	9.39	9.39	4.52
Total Common Shares Outstanding	9.39	9.39	9.39	9.39	9.39	4.52
Working Capital	7.37	4.62	1.92	5.71	9.58	2.61
Book Value Per Share	9.45	8.28	4.83	4.22	4.09	4.22
Tangible Book Value	88.67	77.7	45.37	39.62	38.44	19.1
Tangible Book Value Per Share	9.45	8.28	4.83	4.22	4.09	4.22

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