Covalon Technologies Balance Sheet

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Cash & Equivalents	17.37	16.75	8.79	15.43	25.5
Cash & Short-Term Investments	17.37	16.75	8.79	15.43	25.5
Cash Growth	3.71%	90.42%	-43.01%	-39.47%	626.98%
Accounts Receivable	5.84	3.65	6.16	4.73	6.4
Other Receivables	0.09	0.26	-	-	-
Receivables	5.93	3.91	6.16	4.73	6.4
Inventory	7.4	7.7	5.94	4.97	4.7
Prepaid Expenses	0.84	0.69	0.39	2.1	0.85
Total Current Assets	31.53	29.04	21.29	27.23	37.44
Property, Plant & Equipment	3.24	1.18	1.68	1.87	2.11
Other Intangible Assets	1.35	1.38	1.44	0.99	0.52
Long-Term Deferred Charges	-	0.06	0.35	0.29	0.38
Other Long-Term Assets	-	0.15	0.14	-	0.14
Total Assets	36.12	31.81	24.9	30.38	40.58
Accounts Payable	3.02	3.1	4.46	3.72	4.04
Current Portion of Leases	0.63	0.6	0.64	0.61	0.54
Current Unearned Revenue	-	0.07	0.08	0.21	0.41
Other Current Liabilities	0.12	0.22	-	-	-
Total Current Liabilities	3.77	4	5.19	4.54	5
Long-Term Leases	1.63	0.3	0.92	1.56	2.05
Long-Term Unearned Revenue	-	-	-	0.05	0.16
Other Long-Term Liabilities	-	0	-	-	-
Total Liabilities	5.4	4.3	6.11	6.15	7.21
Common Stock	51.82	51.75	42.77	43.84	44.68
Additional Paid-In Capital	8.57	8.32	11.44	11.28	11.83
Retained Earnings	-33.64	-35.7	-38.37	-33.91	-24.24
Comprehensive Income & Other	3.98	3.13	2.95	3.01	1.11
Shareholders' Equity	30.73	27.5	18.79	24.23	33.37
Total Liabilities & Equity	36.12	31.81	24.9	30.38	40.58
Total Debt	2.25	0.9	1.56	2.17	2.59
Net Cash (Debt)	15.11	15.85	7.23	13.26	22.9
Net Cash Growth	-4.62%	119.09%	-45.47%	-42.09%	-
Net Cash Per Share	0.54	0.63	0.29	0.51	0.89
Filing Date Shares Outstanding	27.42	27.4	24.67	25.07	25.87
Total Common Shares Outstanding	27.42	27.4	24.67	25.29	25.87
Working Capital	27.76	25.04	16.1	22.69	32.44
Book Value Per Share	1.12	1.00	0.76	0.96	1.29
Tangible Book Value	29.38	26.13	17.35	23.24	32.85
Tangible Book Value Per Share	1.07	0.95	0.70	0.92	1.27
Machinery	3.84	3.17	3.2	2.68	3.38
Leasehold Improvements	0.38	0.38	0.38	0.38	0.44

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