Bitcoin Well 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	2.39	3.14	2.88	1.67	3.95	4.8
Cash & Short-Term Investments	2.39	3.14	2.88	1.67	3.95	4.8
Cash Growth	44.27%	9.16%	72.31%	-57.71%	-17.78%	18.38%
Accounts Receivable	0.09	0.15	0.58	0.57	0.1	0.36
Other Receivables	-	-	-	-	0.27	0.12
Total Trade Receivables	0.09	0.15	0.58	0.57	0.37	0.48
Inventory	0.98	1.26	1.38	0.59	0.71	0.38
Other Current Assets	19.81	25.08	22.6	10.83	6.05	9.15
Total Current Assets	23.28	29.63	27.43	13.66	11.08	14.81
Net Property, Plant & Equipment	0.12	0.13	0.42	0.79	1.42	2.36
Other Intangible Assets	0.04	0.04	0.07	0.34	1.06	4.63
Goodwill	0.11	0.11	0.11	0.11	0.11	0.41
Long-Term Investments	-	-	-	0.01	0.35	0.93
Other Long-Term Assets	-	-	-	-	-	0.41
Total Assets	23.54	29.91	28.02	14.91	14.02	23.56
Accounts Payable	0.69	1.27	0.56	0.75	0.68	1.24
Short-Term Debt	17.46	18.56	9.64	6.01	13.72	15.65
Current Portion of Long-Term Debt	1.31	1.49	0.24	-	-	-
Current Portion of Leases	0.02	0.03	0.03	0.06	0.04	0.13
Unearned Revenue	0.21	0.1	0.73	-	-	-
Other Current Liabilities	0.15	0.15	0.17	0.19	0.1	0.2
Total Current Liabilities	19.82	21.6	11.38	7.01	14.54	17.22
Long-Term Debt	13.36	-	-	17.04	5.1	0.1
Long-Term Leases	0.02	-	-	0.01	-	0.03
Other Long-Term Liabilities	-	-	-	-	0.22	0.22
Total Long-Term Liabilities	13.38	-	-	17.05	5.32	0.35
Total Liabilities	33.2	21.6	11.38	24.06	19.86	17.57
Common Stock	29.53	-	-	13.25	12.1	11.94
Additional Paid-in Capital	4.85	-	-	3.95	3.12	3.44
Accumulated Other Comprehensive Income	6.96	-	-	8.37	1.65	7.32
Retained Earnings	-51	-	-	-34.72	-22.69	-16.7
Shareholders' Equity	-9.66	-	-	-9.15	-5.83	5.99
Total Liabilities & Equity	23.54	21.6	11.38	14.91	14.02	23.56
Total Debt	32.16	20.08	9.92	23.12	18.86	15.91
Net Cash (Debt)	-29.77	-16.94	-7.04	-21.45	-14.91	-11.11
Net Cash Per Share	-0.10	-0.07	-0.03	-0.12	-0.09	-0.08
Book Value	-9.66	0	0	-9.15	-5.83	5.99
Book Value Per Share	-0.03	-	-	-0.05	-0.03	0.04
Tangible Book Value	-9.8	-0.15	-0.17	-9.6	-7	0.95
Tangible Book Value Per Share	-0.03	-0.00	-0.00	-0.05	-0.04	0.01