Martello Technologies Group Inc. (TSXV:MTLO)

TSXV:MTLO Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cash & Equivalents	2	6.58	7.61	2.12	4.85	8.35
Short-Term Investments	0.11	0.11	0.1	0.1	0.17	0.17
Cash & Short-Term Investments	2.11	6.69	7.72	2.22	5.02	8.52
Cash Growth	-53.85%	-13.38%	247.83%	-55.82%	-41.04%	44.40%
Accounts Receivable	4.2	4.84	3.41	4.4	4.27	5.27
Other Receivables	0.28	0.3	0.27	1.45	0.94	0.78
Receivables	4.48	5.14	3.68	5.85	5.21	6.05
Inventory	0.04	0.04	0.04	0.04	0.05	0.04
Prepaid Expenses	1.66	0.54	0.71	1.31	0.89	0.51
Other Current Assets	-	-	-	0.02	-	0.01
Total Current Assets	8.29	12.41	12.14	9.44	11.17	15.13
Property, Plant & Equipment	0.35	0.3	0.63	0.86	1.29	1.34
Long-Term Investments	-	-	-	0.3	0.3	-
Goodwill	-	-	-	-	18.31	19.44
Other Intangible Assets	-	6.52	7.79	9.56	10.86	13.43
Long-Term Accounts Receivable	-	-	-	-	-	0.04
Other Long-Term Assets	-	-	-	-	-	0.3
Total Assets	8.64	19.23	20.56	20.15	41.94	49.69
Accounts Payable	0.29	0.23	0.33	0.83	0.3	1.56
Accrued Expenses	1.45	2.13	2.4	1.74	2.38	2.45
Current Portion of Long-Term Debt	0.24	0.18	-	8.76	0.27	0.22
Current Portion of Leases	0.06	0.12	0.2	0.18	0.3	0.39
Current Income Taxes Payable	0.06	0.07	0.07	0.11	0.07	0.1
Current Unearned Revenue	4.08	4.62	4.92	5.76	5.22	5.86
Other Current Liabilities	0.19	0.34	0.19	0.31	0.36	0.05
Total Current Liabilities	6.37	7.69	8.11	17.68	8.9	10.63
Long-Term Debt	12.34	11.92	9.64	1.09	9.9	9.64
Long-Term Leases	0.31	0.18	0.42	0.61	0.92	0.8
Long-Term Unearned Revenue	2.29	2.55	1.43	1.75	2.1	1.57
Pension & Post-Retirement Benefits	-	-	0.1	0.16	0.36	0.26
Long-Term Deferred Tax Liabilities	-	-	0.11	0.13	0.08	0.15
Total Liabilities	21.31	22.33	19.82	21.42	22.26	23.05
Common Stock	61.6	61.6	59.62	52.12	48.82	46.31
Additional Paid-In Capital	4.1	4.05	3.99	3.81	3.59	3.19
Retained Earnings	-79.98	-70.4	-64.7	-58.96	-33.77	-26.19
Comprehensive Income & Other	1.62	1.65	1.83	1.77	1.03	3.33
Shareholders' Equity	-12.67	-3.1	0.74	-1.27	19.68	26.63
Total Liabilities & Equity	8.64	19.23	20.56	20.15	41.94	49.69
Total Debt	12.95	12.4	10.26	10.64	11.39	11.05
Net Cash (Debt)	-10.84	-5.71	-2.54	-8.42	-6.36	-2.54
Net Cash Per Share	-0.02	-0.01	-0.01	-0.02	-0.02	-0.01
Filing Date Shares Outstanding	583.71	583.71	543.71	392.71	326.71	302.4
Total Common Shares Outstanding	583.71	583.71	543.71	392.71	326.71	302.4
Working Capital	1.92	4.72	4.03	-8.24	2.27	4.5
Book Value Per Share	-0.02	-0.01	0.00	-0.00	0.06	0.09
Tangible Book Value	-12.67	-9.62	-7.05	-10.82	-9.5	-6.23
Tangible Book Value Per Share	-0.02	-0.02	-0.01	-0.03	-0.03	-0.02
Machinery	-	0.19	0.44	0.45	0.9	0.92
Leasehold Improvements	-	0.01	0.01	0.01	0.15	0.15

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