Tree Island Steel 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	1.55	1.43	8.7	20.34	14.98	33.25
Cash & Short-Term Investments	1.55	1.43	8.7	20.34	14.98	33.25
Cash Growth	-61.67%	-83.57%	-57.24%	35.82%	-54.96%	2570.76%
Accounts Receivable	26.34	17.39	26.37	23.75	30.45	38.05
Inventory	51.97	53.73	51.96	52.07	57.53	77.51
Other Current Assets	9.26	8.1	11.87	9.18	6.37	6.79
Total Current Assets	89.12	80.65	98.89	105.34	109.32	155.6
Net Property, Plant & Equipment	62.89	63.56	67.3	38.77	65.7	68.93
Other Long-Term Assets	10.54	10.67	2.62	7.01	1.31	1.28
Total Assets	162.55	154.88	168.82	151.11	176.33	225.81
Accounts Payable	22.42	15.43	18.8	2.31	16.94	27.28
Accrued Expenses	22.42	15.43	18.8	2.31	16.94	27.28
Short-Term Debt	2.92	0.98	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-	2.82
Current Portion of Leases	1.66	1.64	1.43	1.43	2.3	3.55
Other Current Liabilities	27	18.83	21.8	5.3	22.11	74.91
Total Current Liabilities	76.42	52.3	60.83	11.35	58.29	135.83
Long-Term Debt	-	-	-	-	-	10.36
Long-Term Leases	22.95	22.95	25.52	0.22	23.62	24.29
Other Long-Term Liabilities	5.16	5.12	5.72	10.72	3.94	4.26
Total Long-Term Liabilities	28.11	28.07	31.24	10.94	27.56	38.91
Total Liabilities	55.11	46.51	52.26	39.29	48.23	93.19
Shareholders' Equity	107.44	108.37	116.56	118.86	128.1	132.62
Total Liabilities & Equity	162.55	154.88	168.82	158.15	176.33	225.81
Total Debt	27.54	25.57	26.95	1.65	25.91	41.02
Net Cash (Debt)	-25.98	-24.14	-18.26	18.69	-10.94	-7.77
Net Cash Per Share	-1.00	-0.93	-0.69	0.67	-0.39	-0.27