Strategem Capital Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0.92	0.7	0.23	1.78	2.12
Short-Term Investments	0.47	0.53	3.67	0.25	0.31
Trading Asset Securities	9.53	9.2	5.92	9.62	30.65
Cash & Short-Term Investments	10.92	10.42	9.81	11.65	33.08
Cash Growth	4.75%	6.19%	-15.75%	-64.78%	250.65%
Accounts Receivable	-	-	-	-	0.04
Receivables	-	-	-	-	0.04
Total Current Assets	10.92	10.42	9.81	11.65	33.12
Total Assets	10.92	10.42	9.81	11.65	33.12
Accounts Payable	0.03	0.03	0.03	0.04	0.04
Accrued Expenses	-	-	-	0.01	0.9
Other Current Liabilities	0.02	0	0	-	-
Total Current Liabilities	0.05	0.03	0.03	0.05	0.94
Long-Term Deferred Tax Liabilities	-	-	-	-	2.73
Total Liabilities	0.05	0.03	0.03	0.05	3.66
Common Stock	11.47	11.47	11.51	11.6	11.83
Retained Earnings	-0.61	-1.08	-1.73	0	17.63
Shareholders' Equity	10.86	10.39	9.78	11.6	29.46
Total Liabilities & Equity	10.92	10.42	9.81	11.65	33.12
Net Cash (Debt)	10.92	10.42	9.81	11.65	33.08
Net Cash Growth	4.75%	6.19%	-15.75%	-64.78%	250.65%
Net Cash Per Share	1.20	1.14	1.06	1.24	4.41
Filing Date Shares Outstanding	9.11	9.11	9.19	9.38	9.38
Total Common Shares Outstanding	9.11	9.11	9.2	9.31	9.44
Working Capital	10.86	10.39	9.78	11.6	32.18
Book Value Per Share	1.19	1.14	1.06	1.25	3.12
Tangible Book Value	10.86	10.39	9.78	11.6	29.46
Tangible Book Value Per Share	1.19	1.14	1.06	1.25	3.12

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