Must Capital Inc. (TSXV:MUST.H)

Must Capital Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0	0	0	0.06	0.52
Cash & Short-Term Investments	0	0	0	0.06	0.52
Cash Growth	-50.99%	170.07%	-98.42%	-88.53%	3241.15%
Receivables	-	-	-	0.25	-
Other Current Assets	-	-	-	0.05	-
Total Current Assets	0	0	0	0.36	0.52
Total Assets	0	0	0	0.36	0.52
Accounts Payable	0.23	0.17	0.09	0	0
Accrued Expenses	-	0.01	0.02	0.04	0.01
Short-Term Debt	0.08	0.04	-	-	-
Total Current Liabilities	0.31	0.22	0.11	0.05	0.01
Total Liabilities	0.31	0.22	0.11	0.05	0.01
Common Stock	11.64	11.64	11.64	11.64	11.64
Additional Paid-In Capital	13.56	13.56	13.56	13.56	13.56
Retained Earnings	-25.52	-25.43	-25.32	-24.89	-24.69
Shareholders' Equity	-0.31	-0.22	-0.11	0.31	0.51
Total Liabilities & Equity	0	0	0	0.36	0.52
Total Debt	0.08	0.04	-	-	-
Net Cash (Debt)	-0.08	-0.04	0	0.06	0.52
Net Cash Growth	-	-	-98.42%	-88.53%	3241.15%
Net Cash Per Share	-0.00	-0.00	0.00	0.00	0.02
Filing Date Shares Outstanding	27.56	27.56	27.56	27.56	27.56
Total Common Shares Outstanding	27.56	27.56	27.56	27.56	27.56
Working Capital	-0.31	-0.22	-0.11	0.31	0.51
Book Value Per Share	-0.01	-0.01	-0.00	0.01	0.02
Tangible Book Value	-0.31	-0.22	-0.11	0.31	0.51
Tangible Book Value Per Share	-0.01	-0.01	-0.00	0.01	0.02

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