Mazarin 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
Cash & Equivalents	3.64	0.91	1.37	1.46	1.21	1.04
Short-Term Investments	-	-	-	-	-	1.7
Trading Asset Securities	1.26	1.37	1.75	2.03	1.8	-
Cash & Short-Term Investments	4.91	2.28	3.13	3.48	3	2.74
Cash Growth	104.04%	-27.10%	-10.28%	15.95%	9.71%	23.11%
Accounts Receivable	1.2	1.34	1.17	0.69	1.18	0.45
Other Receivables	3.74	4.83	2.83	5.09	3.42	1.76
Receivables	4.94	6.17	4.01	5.78	4.6	2.21
Prepaid Expenses	0.25	0.16	0.12	0.11	0.1	0.07
Restricted Cash	1.42	1.7	1.26	1.39	1.1	1.56
Other Current Assets	-	-	-	0.81	0.81	-
Total Current Assets	11.51	10.3	8.52	11.57	9.6	6.58
Property, Plant & Equipment	1.27	1.23	1.26	0.36	0.33	0.27
Long-Term Investments	32.29	31.67	27.7	23.01	25.39	24.07
Other Long-Term Assets	0.34	0.24	0.17	0.01	0.01	0.01
Total Assets	45.41	43.45	37.65	34.94	35.34	30.93
Accounts Payable	1.42	1.57	1.46	0.83	1.29	1.06
Accrued Expenses	13.97	-	-	-	-	0
Current Income Taxes Payable	0.28	0.68	0.4	-	0.11	-
Current Unearned Revenue	0.06	0.06	0.06	-	-	-
Other Current Liabilities	8.37	4.96	3.91	5.2	2.9	2.27
Total Current Liabilities	24.1	7.27	5.83	6.03	4.3	3.34
Long-Term Unearned Revenue	0.15	0.15	0.21	-	-	-
Pension & Post-Retirement Benefits	0.51	0.51	0.51	0.51	0.58	0.65
Long-Term Deferred Tax Liabilities	0.12	0.12	0.12	0.12	0.12	0.12
Other Long-Term Liabilities	28.31	26.34	23.69	23.55	25.21	22.64
Total Liabilities	53.18	34.38	30.36	30.2	30.22	26.74
Common Stock	4.57	4.57	4.47	4.36	4.32	4.32
Additional Paid-In Capital	7.54	7.49	7.49	7.47	7.46	7.43
Retained Earnings	-15.43	-4.45	-5.87	-7.76	-7.42	-8.29
Total Common Equity	-3.33	7.61	6.09	4.06	4.35	3.46
Minority Interest	-4.44	1.45	1.2	0.67	0.77	0.73
Shareholders' Equity	-7.77	9.06	7.29	4.74	5.12	4.19
Total Liabilities & Equity	45.41	43.45	37.65	34.94	35.34	30.93
Net Cash (Debt)	4.91	2.28	3.13	3.48	3	2.74
Net Cash Growth	104.04%	-27.10%	-10.28%	15.95%	9.71%	23.11%
Net Cash Per Share	0.11	0.05	0.06	0.07	0.06	0.06
Filing Date Shares Outstanding	50.25	50.25	49.73	48.97	47.82	47.77
Total Common Shares Outstanding	50.25	50.25	49.28	48.18	47.82	47.77
Working Capital	-12.58	3.04	2.69	5.54	5.3	3.25
Book Value Per Share	-0.07	0.15	0.12	0.08	0.09	0.07
Tangible Book Value	-3.33	7.61	6.09	4.06	4.35	3.46
Tangible Book Value Per Share	-0.07	0.15	0.12	0.08	0.09	0.07
Land	-	0.17	0.17	-	-	0.11
Machinery	-	1.3	1.25	-	-	0.25

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