Pason Systems 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	-	77.2	171.77	132.06	158.28
Short-Term Investments	-	3.58	-	40.38	-
Cash & Short-Term Investments	75.6	80.78	171.77	172.43	158.28
Cash Growth	-6.40%	-52.97%	-0.38%	8.94%	6.03%
Accounts Receivable	-	88.93	63.01	77.72	48.28
Other Receivables	-	2.93	3.65	7.1	1.17
Receivables	-	91.85	66.66	84.82	49.45
Inventory	-	20.78	17.87	15.64	-
Prepaid Expenses	-	11.28	11.59	10.92	5.2
Other Current Assets	-	-	-	0.96	13.63
Total Current Assets	-	204.69	267.88	284.78	226.57
Property, Plant & Equipment	-	194.81	121.12	97.7	82.27
Long-Term Investments	-	2.99	60.33	47.84	30.05
Goodwill	-	160.86	33.56	33.32	32.62
Other Intangible Assets	-	45	1.52	2.28	3.9
Long-Term Deferred Charges	-	6.27	3.47	4.02	4.55
Total Assets	-	614.61	487.88	469.93	379.94
Accounts Payable	-	19.31	15.74	20.72	8.61
Accrued Expenses	-	6.86	5.49	6.03	2.65
Current Portion of Leases	-	2.17	1.15	1.82	1.79
Current Income Taxes Payable	-	6.99	0.86	2.86	6.57
Current Unearned Revenue	-	12.86	6.09	-	-
Other Current Liabilities	-	35.91	25.99	39.45	22.87
Total Current Liabilities	-	84.1	55.32	70.88	42.48
Long-Term Leases	-	13.25	11.84	3.71	5.54
Long-Term Deferred Tax Liabilities	-	17.35	11.46	6.51	5.84
Other Long-Term Liabilities	-	4.24	8.3	7.87	18.31
Total Liabilities	-	118.94	86.92	88.97	72.16
Common Stock	-	167.8	163.29	164.14	162.57
Retained Earnings	-	247.47	172.88	137.92	72.6
Comprehensive Income & Other	-	89.14	71.89	84.43	76.31
Total Common Equity	493.68	504.41	408.06	386.48	311.48
Minority Interest	-	-8.74	-7.1	-5.52	-3.69
Shareholders' Equity	483.43	495.67	400.96	380.96	307.78
Total Liabilities & Equity	-	614.61	487.88	469.93	379.94
Total Debt	16.39	15.42	12.99	5.53	7.33
Net Cash (Debt)	59.21	65.36	158.78	166.91	150.95
Net Cash Growth	-9.41%	-58.84%	-4.87%	10.57%	5.48%
Net Cash Per Share	0.76	0.82	1.96	2.02	1.82
Filing Date Shares Outstanding	78.02	79.43	79.47	81.37	82.08
Total Common Shares Outstanding	78.02	79.43	79.69	81.53	82.19
Working Capital	-	120.58	212.56	213.9	184.08
Book Value Per Share	6.33	6.35	5.12	4.74	3.79
Tangible Book Value	287.46	298.55	372.98	350.88	274.96
Tangible Book Value Per Share	3.68	3.76	4.68	4.30	3.35
Machinery	-	511.02	434.32	436.26	405.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.