Vertiqal Studios Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0.17	0.51	1.16	0.56	3.75
Cash & Short-Term Investments	0.17	0.51	1.16	0.56	3.75
Cash Growth	-66.09%	-56.49%	108.91%	-85.16%	1323.05%
Accounts Receivable	2.91	1.05	1.67	1.37	0.14
Other Receivables	0.3	0.29	0.65	0.39	0.23
Receivables	3.21	1.34	2.33	1.75	0.37
Inventory	-	-	-	0.09	-
Prepaid Expenses	0.03	0.2	0.39	0.15	0.3
Restricted Cash	0.19	-	-	0.01	-
Total Current Assets	3.6	2.05	3.88	2.55	4.42
Property, Plant & Equipment	0.14	0.22	0.01	0	0.03
Goodwill	2.63	-	-	27.76	2.23
Other Intangible Assets	5.47	2.59	3.18	19.2	1.11
Other Long-Term Assets	0	0	0.34	0.05	0.05
Total Assets	11.83	4.87	7.41	49.56	7.85
Accounts Payable	11.52	2.71	3.1	3.27	1.62
Accrued Expenses	0.35	0.01	0.01	0.3	0.01
Current Portion of Long-Term Debt	5.54	4.68	-	-	-
Current Portion of Leases	0.12	0.09	-	-	0.02
Current Income Taxes Payable	1.55	0.47	0.25	0.08	-
Current Unearned Revenue	-	-	0.06	-	0.05
Other Current Liabilities	-	-	0.12	4.31	-
Total Current Liabilities	19.08	7.95	3.54	7.95	1.7
Long-Term Debt	-	0.4	5.78	3.99	-
Long-Term Leases	0.01	0.13	-	-	-
Long-Term Deferred Tax Liabilities	0.08	0.04	0.16	5.27	-
Other Long-Term Liabilities	-0	0.35	-	-0	-
Total Liabilities	19.17	8.86	9.48	17.21	1.7
Common Stock	64.22	59.53	58.79	49.07	16.92
Retained Earnings	-80.92	-70.43	-70.21	-22.5	-11.8
Comprehensive Income & Other	9.37	6.91	9.36	5.78	1.03
Shareholders' Equity	-7.33	-4	-2.07	32.35	6.15
Total Liabilities & Equity	11.83	4.87	7.41	49.56	7.85
Total Debt	5.66	5.29	5.78	3.99	0.02
Net Cash (Debt)	-5.49	-4.78	-4.62	-3.43	3.73
Net Cash Growth	-	-	-	-	1766.71%
Net Cash Per Share	-0.01	-0.01	-0.01	-0.01	0.03
Filing Date Shares Outstanding	859.19	647.02	631.11	443.51	433.34
Total Common Shares Outstanding	859.19	645.52	604.05	443.51	164.67
Working Capital	-15.48	-5.9	0.34	-5.4	2.73
Book Value Per Share	-0.01	-0.01	-0.00	0.07	0.04
Tangible Book Value	-15.43	-6.59	-5.25	-14.61	2.81
Tangible Book Value Per Share	-0.02	-0.01	-0.01	-0.03	0.02

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