Tree Island Steel Ltd. (TSX:TSL)

Tree Island Steel Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.87	1.43	8.7	20.34	14.98	33.25
Cash & Short-Term Investments	0.87	1.43	8.7	20.34	14.98	33.25
Cash Growth	-72.67%	-83.57%	-57.24%	35.82%	-54.96%	2570.76%
Accounts Receivable	28.45	17.39	26.37	23.75	30.45	38.05
Other Receivables	2.26	2.27	6.44	2.18	1.14	-
Receivables	30.71	19.66	32.81	25.92	31.59	38.05
Inventory	54.7	53.73	51.96	52.07	57.53	77.51
Prepaid Expenses	6.8	5.83	5.43	4.69	5.22	6.79
Total Current Assets	94.97	80.65	98.89	103.03	109.32	155.6
Property, Plant & Equipment	62.34	63.56	67.3	66.64	65.7	68.93
Long-Term Deferred Charges	0.2	0.06	0.08	0.11	0.02	0.04
Other Long-Term Assets	10.67	10.61	2.55	2.71	1.3	1.23
Total Assets	168.18	154.88	168.82	172.48	176.33	225.81

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	24.77	15.43	18.8	15.11	16.94	27.28
Short-Term Debt	5.74	0.98	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	2.82
Current Portion of Leases	1.68	1.64	1.43	0.74	2.3	3.55
Current Income Taxes Payable	-	-	-	-	-	18.31
Other Current Liabilities	-	0.39	0.78	0.81	1.43	2.33
Total Current Liabilities	32.19	18.44	21.02	16.66	20.67	54.28
Long-Term Debt	-	-	-	-	-	10.36
Long-Term Leases	23.35	22.95	25.52	23.06	23.62	24.29
Long-Term Deferred Tax Liabilities	5.06	5.06	5.56	5.16	3.49	3.74
Other Long-Term Liabilities	0.05	0.07	0.17	0.22	0.46	0.52
Total Liabilities	60.64	46.51	52.26	45.1	48.23	93.19

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	226.42	226.57	226.86	230.37	222.63	234.56
Retained Earnings	-108.14	-106.77	-99.89	-90.51	-94.13	-88.01
Comprehensive Income & Other	-10.74	-11.43	-10.42	-12.48	-0.4	-13.93
Shareholders' Equity	107.54	108.37	116.56	127.38	128.1	132.62
Total Liabilities & Equity	168.18	154.88	168.82	172.48	176.33	225.81

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	30.76	25.57	26.95	23.8	25.91	41.02
Net Cash (Debt)	-29.89	-24.14	-18.26	-3.46	-10.94	-7.77
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.15	-0.93	-0.69	-0.12	-0.39	-0.27
Filing Date Shares Outstanding	25.85	25.9	26.02	27.13	28.23	28.43
Total Common Shares Outstanding	25.85	25.9	26.02	27.13	28.29	28.43
Working Capital	62.78	62.21	77.88	86.37	88.64	101.32
Book Value Per Share	4.16	4.18	4.48	4.70	4.53	4.66
Tangible Book Value	107.54	108.37	116.56	127.38	128.1	132.62
Tangible Book Value Per Share	4.16	4.18	4.48	4.70	4.53	4.66
Land	13.34	13.34	13.34	13.34	13.34	13.34
Buildings	48.93	48.43	48.61	47.67	47.33	47.04
Machinery	51.72	50.93	49.88	46.54	45.28	43.8
Construction In Progress	0.99	1.48	0.47	2.16	0.96	0.41

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 3, 2026

Data Sources Report a data error