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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.59	5.13	2.17	6.05	9.94	2.97
Cash & Short-Term Investments	5.59	5.13	2.17	6.05	9.94	2.97
Cash Growth	103.01%	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	0.1	0.07	0.13	0.06	-	-
Total Current Assets	5.69	5.19	2.3	6.16	9.99	2.99
Long-Term Investments	82.13	73.08	43.45	33.91	28.86	16.49
Total Assets	87.82	78.27	45.75	40.06	38.85	19.48
Accounts Payable	0.95	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	1.13	0.57	0.38	0.44	0.41	0.38
Total Liabilities	1.13	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	-363.78	-372.77	-405.09	-410.85	-412.03	-413.49
Shareholders' Equity	86.69	77.7	45.37	39.62	38.44	19.1
Total Liabilities & Equity	87.82	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)	5.41	4.94	1.97	5.84	9.74	2.76
Net Cash Growth	111.16%	150.61%	-66.28%	-40.00%	252.37%	-53.91%
Net Cash Per Share	0.58	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	4.56	4.62	1.92	5.71	9.58	2.61
Book Value Per Share	9.24	8.28	4.83	4.22	4.09	4.22
Tangible Book Value	86.69	77.7	45.37	39.62	38.44	19.1
Tangible Book Value Per Share	9.24	8.28	4.83	4.22	4.09	4.22

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