TSXV:MAR.UN Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Property, Plant & Equipment	142.25	142	134.38	126.8	85.5	-
Cash & Equivalents	4.38	4.24	1.77	1.42	4.22	0.47
Accounts Receivable	0.01	0.02	0.02	0.03	0.01	-
Other Current Assets	0.15	0.32	0.33	0.19	0.11	-
Other Long-Term Assets	3.44	3.51	3.28	3.37	1.59	-
Total Assets	150.23	150.09	139.77	131.81	91.42	0.47
Current Portion of Long-Term Debt	1.36	1.32	7.23	1.39	1.56	-
Long-Term Debt	99.34	100.36	93.54	100.73	63.99	-
Accounts Payable	0.65	0.32	0.1	0.13	0.06	0.02
Accrued Expenses	0.17	0.55	0.7	0.6	0.33	-
Other Current Liabilities	8.22	7.61	10.59	9.82	9.52	-
Other Long-Term Liabilities	0.04	0.04	0.04	0.13	0.06	-
Total Liabilities	109.78	110.19	112.19	112.8	75.53	0.02
Common Stock	7.39	6.96	6.66	6.67	6.79	0.56
Retained Earnings	33.07	32.94	20.92	12.35	9.1	-0.1
Shareholders' Equity	40.45	39.9	27.58	19.01	15.89	0.46
Total Liabilities & Equity	150.23	150.09	139.77	131.81	91.42	0.47
Total Debt	100.69	101.68	100.77	102.12	65.55	-
Net Cash (Debt)	-96.32	-97.44	-99	-100.69	-61.33	0.47
Net Cash Per Share	-10.03	-10.76	-11.44	-11.62	-6.94	-
Filing Date Shares Outstanding	9.61	9.06	8.66	8.67	8.83	-
Total Common Shares Outstanding	9.61	9.06	8.66	8.67	8.83	-
Book Value Per Share	4.21	4.41	3.19	2.19	1.80	-
Tangible Book Value	40.45	39.9	27.58	19.01	15.89	0.46
Tangible Book Value Per Share	4.21	4.41	3.19	2.19	1.80	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.