PyroGenesis Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	0.53	1.09	2.98	1.8	3.45	12.2
Cash & Short-Term Investments	0.53	1.09	2.98	1.8	3.45	12.2
Cash Growth	134.74%	-63.41%	65.06%	-47.68%	-71.76%	-32.60%
Accounts Receivable	5.12	4.15	9.62	9.27	18.62	17.64
Other Receivables	0.64	0.65	1.3	1.05	0.75	0.68
Total Trade Receivables	5.76	4.8	10.92	10.32	19.37	18.32
Inventory	2.34	2.38	2.54	1.91	1.88	0.89
Other Current Assets	2.65	2.48	2.91	2.78	2.76	7.34
Total Current Assets	11.28	10.74	19.35	16.8	27.45	38.76
Net Property, Plant & Equipment	4.57	4.83	7.6	7.06	8.21	9.48
Other Intangible Assets	1.04	1.09	1.59	1.45	2.1	2.77
Goodwill	-	-	-	-	2.66	2.66
Long-Term Investments	0.04	0.05	0.03	2.55	6.24	14.9
Other Long-Term Assets	0.61	0.59	0.63	0.58	1	1.2
Total Assets	17.54	17.29	29.2	28.44	47.67	69.77
Accounts Payable	12.31	10.41	12.86	9.35	10.12	10.07
Short-Term Debt	-	-	0.09	0.18	0.99	-
Current Portion of Long-Term Debt	2.89	3.51	4.04	2.77	2.16	2.33
Current Portion of Leases	2.25	2.35	2.57	0.52	2.67	2.93
Unearned Revenue	7.59	9.88	9.01	10.99	9.67	9.4
Other Current Liabilities	-	-	-	-	0.19	0.02
Total Current Liabilities	25.04	26.16	28.57	23.81	25.8	24.75
Long-Term Debt	0.14	0.16	0.89	2.87	2.14	1.82
Long-Term Leases	1.38	1.4	3.2	4.58	2.86	2.39
Other Long-Term Liabilities	-	-	-	-	-	0.04
Total Long-Term Liabilities	1.52	1.56	4.1	7.45	5	4.25
Total Liabilities	26.56	27.71	32.66	31.26	30.8	29
Common Stock	101.85	99.67	94.8	90.67	85.48	82.1
Additional Paid-in Capital	33.69	33.43	30.42	28.4	24.77	19.88
Accumulated Other Comprehensive Income	-0.21	-0.21	-0.12	-0.01	0	0
Retained Earnings	-144.35	-143.32	-128.56	-121.89	-93.38	-61.22
Shareholders' Equity	-9.02	-10.43	-3.46	-2.83	16.87	40.77
Total Liabilities & Equity	17.54	17.29	29.2	28.44	47.67	69.77
Total Debt	6.66	7.42	10.8	10.93	10.82	9.47
Net Cash (Debt)	-6.13	-6.33	-7.82	-9.12	-7.38	2.74
Net Cash Growth	-	-	-	-	-	-81.77%
Net Cash Per Share	-0.03	-0.03	-0.04	-0.05	-0.04	0.02
Book Value	-9.02	-10.43	-3.46	-2.83	16.87	40.77
Book Value Per Share	-0.04	-0.05	-0.02	-0.02	0.10	0.24
Tangible Book Value	-10.07	-11.51	-5.05	-4.28	12.1	35.33
Tangible Book Value Per Share	-0.05	-0.06	-0.03	-0.02	0.07	0.21