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	Jun '26 Jun 30, 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	1.31	1.09	2.98	1.8	3.45	12.2
Cash & Short-Term Investments	1.31	1.09	2.98	1.8	3.45	12.2
Cash Growth	9.61%	-63.41%	65.06%	-47.68%	-71.76%	-32.60%
Accounts Receivable	4.55	4.73	10.42	9.47	19.56	21.82
Other Receivables	1.4	1.21	2.15	2.11	1.37	1.81
Receivables	5.95	5.93	12.57	11.58	20.92	23.62
Inventory	2.21	2.38	2.54	1.91	1.88	0.89
Prepaid Expenses	0.63	0.39	0.57	0.87	0.77	0.72
Other Current Assets	1.28	0.95	0.69	0.64	0.43	1.33
Total Current Assets	11.37	10.74	19.35	16.8	27.45	38.76
Property, Plant & Equipment	3.08	4.83	7.6	7.06	8.21	9.48
Long-Term Investments	0.05	0.05	0.03	2.55	6.24	14.9
Goodwill	-	-	-	-	2.66	2.66
Other Intangible Assets	1.04	0.97	1.46	1.3	1.94	2.6
Long-Term Deferred Charges	-	0.11	0.13	0.15	0.16	0.18
Other Long-Term Assets	0.62	0.59	0.63	0.58	1	1.2
Total Assets	16.16	17.29	29.2	28.44	47.67	69.77
Accounts Payable	5.93	6.22	7.45	4.85	6.07	5.46
Accrued Expenses	5.67	4.19	5.4	4.49	4.05	4.61
Short-Term Debt	-	-	0.09	0.18	0.99	-
Current Portion of Long-Term Debt	1.14	2.74	2.26	1.04	0.07	0.08
Current Portion of Leases	0.08	2.35	2.57	0.52	2.67	2.93
Current Income Taxes Payable	-	-	-	-	0.19	0.02
Current Unearned Revenue	4.92	9.88	9.01	10.99	9.67	9.4
Other Current Liabilities	0.77	0.77	1.79	1.73	2.09	2.24
Total Current Liabilities	18.51	26.16	28.57	23.81	25.8	24.75
Long-Term Debt	0.12	0.16	0.89	2.87	0.32	0.11
Long-Term Leases	1.36	1.4	3.2	4.58	2.86	2.39
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.04
Other Long-Term Liabilities	-	-	-	-	1.82	1.71
Total Liabilities	19.99	27.71	32.66	31.26	30.8	29
Common Stock	106.59	99.67	94.8	90.67	85.48	82.1
Additional Paid-In Capital	31.08	30.66	29.6	27.59	24.55	19.88
Retained Earnings	-145.48	-143.32	-128.56	-121.89	-93.38	-61.22
Comprehensive Income & Other	3.98	2.56	0.69	0.8	0.22	0
Shareholders' Equity	-3.83	-10.43	-3.46	-2.83	16.87	40.77
Total Liabilities & Equity	16.16	17.29	29.2	28.44	47.67	69.77
Total Debt	2.71	6.65	9.01	9.2	6.92	5.51
Net Cash (Debt)	-1.4	-5.56	-6.04	-7.4	-3.47	6.69
Net Cash Growth	-	-	-	-	-	-55.43%
Net Cash Per Share	-0.01	-0.03	-0.03	-0.04	-0.02	0.04
Filing Date Shares Outstanding	226.36	206.61	186.69	178.88	178.58	170.13
Total Common Shares Outstanding	225.89	202.43	184.14	178.88	173.58	170.13
Working Capital	-7.14	-15.42	-9.22	-7.01	1.65	14.01
Book Value Per Share	-0.02	-0.05	-0.02	-0.02	0.10	0.24
Tangible Book Value	-4.87	-11.4	-4.92	-4.13	12.27	35.51
Tangible Book Value Per Share	-0.02	-0.06	-0.03	-0.02	0.07	0.21
Machinery	-	4.53	4.52	4.36	4.32	3.18
Construction In Progress	-	-	-	-	-	2.02
Leasehold Improvements	-	2.46	2.45	2.14	2.1	0.93
Order Backlog	-	47.8	-	-	-	-