Pizza Pizza Royalty Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1	0.78	2.51	1.94	2.66	2.25
Short-Term Investments	3	5	6	6	3.5	2.75
Cash & Short-Term Investments	4	5.78	8.51	7.94	6.16	5
Cash Growth	-36.60%	-32.03%	7.17%	28.89%	23.14%	52.21%
Accounts Receivable	3.29	3.67	4.04	3.65	3.18	2.83
Other Receivables	0.03	0.17	-	-	-	-
Receivables	3.32	3.84	4.04	3.65	3.18	2.83
Total Current Assets	7.32	9.62	12.55	11.58	9.34	7.83
Other Intangible Assets	370.19	363.87	355.9	353.72	353.72	353.72
Other Long-Term Assets	-	0.25	1.65	2.53	-	-
Total Assets	377.52	373.75	370.09	367.83	363.06	361.55
Accounts Payable	0.51	0.57	0.48	0.46	0.31	0.28
Accrued Expenses	-	-	-	-	0.09	0.13
Current Portion of Long-Term Debt	-	46.99	-	-	-	-
Current Income Taxes Payable	-	-	0.92	1.1	0.11	0.03
Other Current Liabilities	2.82	2.97	2.91	2.51	2.29	2
Total Current Liabilities	3.33	50.53	4.31	4.07	2.8	2.44
Long-Term Debt	46.71	-	46.98	46.96	46.94	46.92
Long-Term Deferred Tax Liabilities	25.14	25	24.9	24.38	22.98	21.64
Other Long-Term Liabilities	0.19	-	-	-	0.1	2.14
Total Liabilities	75.37	75.53	76.18	75.41	72.83	73.14
Common Stock	242.03	242.03	242.03	242.03	242.03	242.03
Retained Earnings	-39.06	-37.02	-34.47	-34.48	-34.58	-34.78
Comprehensive Income & Other	99.17	93.21	86.35	84.88	82.77	81.15
Shareholders' Equity	302.15	298.22	293.91	292.42	290.23	288.4
Total Liabilities & Equity	377.52	373.75	370.09	367.83	363.06	361.55
Total Debt	46.71	46.99	46.98	46.96	46.94	46.92
Net Cash (Debt)	-42.71	-41.21	-38.47	-39.02	-40.78	-41.92
Net Cash Per Share	-1.28	-1.25	-1.19	-1.21	-1.27	-1.30
Filing Date Shares Outstanding	32.91	33.35	24.62	24.62	32.18	32.18
Total Common Shares Outstanding	32.91	32.91	32.34	32.18	32.18	32.18
Working Capital	4	-40.91	8.24	7.51	6.54	5.39
Book Value Per Share	9.18	9.06	9.09	9.09	9.02	8.96
Tangible Book Value	-68.05	-65.66	-61.99	-61.29	-63.49	-65.32
Tangible Book Value Per Share	-2.07	-2.00	-1.92	-1.90	-1.97	-2.03

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