Mazarin 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	1.65	1.52	0.91	1.37	1.46	1.21
Trading Asset Securities	1.19	0.95	1.37	1.75	2.03	1.8
Cash & Short-Term Investments	2.84	2.47	2.28	3.13	3.48	3
Cash Growth	48.59%	8.25%	-27.10%	-10.28%	15.95%	9.71%
Accounts Receivable	1.77	1.77	1.34	1.17	0.69	1.18
Other Receivables	3.62	3.23	4.83	2.83	5.09	3.42
Receivables	5.39	5.01	6.17	4.01	5.78	4.6
Prepaid Expenses	0.33	0.17	0.16	0.12	0.11	0.1
Restricted Cash	11.2	8.69	1.7	1.26	1.39	1.1
Other Current Assets	-	-	-	-	0.81	0.81
Total Current Assets	19.77	16.34	10.3	8.52	11.57	9.6
Property, Plant & Equipment	1.35	1.24	1.23	1.26	0.36	0.33
Long-Term Investments	32.65	33.01	31.67	27.7	23.01	25.39
Other Long-Term Assets	0.34	0.34	0.24	0.17	0.01	0.01
Total Assets	54.1	50.93	43.45	37.65	34.94	35.34
Accounts Payable	1.59	2.02	1.57	1.46	0.83	1.29
Current Income Taxes Payable	-	-	0.68	0.4	-	0.11
Current Unearned Revenue	0.06	0.06	0.06	0.06	-	-
Other Current Liabilities	53.91	35.88	4.96	3.91	5.2	2.9
Total Current Liabilities	55.56	37.95	7.27	5.83	6.03	4.3
Long-Term Unearned Revenue	0.07	0.1	0.15	0.21	-	-
Pension & Post-Retirement Benefits	0.48	0.48	0.51	0.51	0.51	0.58
Long-Term Deferred Tax Liabilities	0.12	0.12	0.12	0.12	0.12	0.12
Other Long-Term Liabilities	28.98	28.5	26.34	23.69	23.55	25.21
Total Liabilities	85.21	67.15	34.38	30.36	30.2	30.22
Common Stock	4.57	4.57	4.57	4.47	4.36	4.32
Additional Paid-In Capital	7.55	7.55	7.49	7.49	7.47	7.46
Retained Earnings	-30.45	-20.86	-4.45	-5.87	-7.76	-7.42
Total Common Equity	-18.33	-8.74	7.61	6.09	4.06	4.35
Minority Interest	-12.77	-7.47	1.45	1.2	0.67	0.77
Shareholders' Equity	-31.1	-16.21	9.06	7.29	4.74	5.12
Total Liabilities & Equity	54.1	50.93	43.45	37.65	34.94	35.34
Net Cash (Debt)	2.84	2.47	2.28	3.13	3.48	3
Net Cash Growth	48.59%	8.25%	-27.10%	-10.28%	15.95%	9.71%
Net Cash Per Share	0.06	0.05	0.05	0.06	0.07	0.06
Filing Date Shares Outstanding	50.25	50.25	50.25	49.73	48.97	47.82
Total Common Shares Outstanding	50.25	50.25	50.25	49.28	48.18	47.82
Working Capital	-35.79	-21.62	3.04	2.69	5.54	5.3
Book Value Per Share	-0.36	-0.17	0.15	0.12	0.08	0.09
Tangible Book Value	-18.33	-8.74	7.61	6.09	4.06	4.35
Tangible Book Value Per Share	-0.36	-0.17	0.15	0.12	0.08	0.09
Land	-	0.17	0.17	0.17	-	-
Machinery	-	1.41	1.3	1.25	-	-