Pinetree Capital Ltd. (TSX:PNP)

Pinetree Capital Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	2.83	5.56	5.13	2.17	6.05	9.94
Cash & Short-Term Investments	2.83	5.56	5.13	2.17	6.05	9.94
Cash Growth	-32.43%	8.45%	136.48%	-64.14%	-39.18%	234.65%
Other Receivables	-	5.96	-	-	0.05	0.05
Receivables	-	5.96	-	-	0.05	0.05
Prepaid Expenses	0.08	0.03	0.07	0.13	0.06	-
Total Current Assets	2.91	11.55	5.19	2.3	6.16	9.99
Long-Term Investments	67.6	77.85	73.08	43.45	33.91	28.86
Total Assets	70.51	89.39	78.27	45.75	40.06	38.85
Accounts Payable	1.32	1.03	0.38	0.16	0.24	0.2
Current Portion of Long-Term Debt	-	0.18	0.19	0.2	0.2	0.2
Current Income Taxes Payable	0.6	0.6	-	-	-	-
Other Current Liabilities	-	-	-	0.02	-	0.01
Total Current Liabilities	1.93	1.81	0.57	0.38	0.44	0.41
Total Liabilities	1.93	1.81	0.57	0.38	0.44	0.41
Common Stock	342.29	342.29	342.29	342.29	342.29	342.29
Additional Paid-In Capital	108.18	108.18	108.18	108.18	108.18	108.18
Retained Earnings	-381.88	-362.88	-372.77	-405.09	-410.85	-412.03
Shareholders' Equity	68.58	87.59	77.7	45.37	39.62	38.44
Total Liabilities & Equity	70.51	89.39	78.27	45.75	40.06	38.85
Total Debt	-	0.18	0.19	0.2	0.2	0.2
Net Cash (Debt)	2.83	5.38	4.94	1.97	5.84	9.74
Net Cash Growth	-29.38%	8.95%	150.61%	-66.28%	-40.00%	252.37%
Net Cash Per Share	0.30	0.57	0.53	0.21	0.62	1.28
Filing Date Shares Outstanding	9.39	9.39	9.39	9.39	9.39	9.39
Total Common Shares Outstanding	9.39	9.39	9.39	9.39	9.39	9.39
Working Capital	0.98	9.74	4.62	1.92	5.71	9.58
Book Value Per Share	7.31	9.33	8.28	4.83	4.22	4.09
Tangible Book Value	68.58	87.59	77.7	45.37	39.62	38.44
Tangible Book Value Per Share	7.31	9.33	8.28	4.83	4.22	4.09

Source: S&P Global Market Intelligence. Standard template. Financial Sources.