Vertex Resource Group 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	0.89	1.52	11.63	1.03	2.59	-
Cash & Short-Term Investments	0.89	1.52	11.63	1.03	2.59	-
Cash Growth	-29.44%	-86.89%	1028.93%	-60.25%	-	-
Accounts Receivable	49.35	45.79	39.43	56.82	61.39	43.18
Other Receivables	6.18	3.83	5.12	4.47	10.64	13.16
Receivables	55.54	49.62	44.56	61.29	72.03	56.34
Inventory	2.76	3.48	3.99	4.21	4.4	4.24
Prepaid Expenses	3.76	3.91	4.6	3.88	3.05	2.87
Total Current Assets	62.94	58.54	64.77	70.41	82.07	63.44
Property, Plant & Equipment	94.81	97.33	115.43	129.05	123.45	94.58
Goodwill	25.67	25.67	25.67	31.67	31.67	25.19
Other Intangible Assets	4.96	5.28	5.7	6.96	8.22	1.36
Long-Term Deferred Tax Assets	6.03	6.03	5.75	6.35	8.75	1.57
Long-Term Deferred Charges	-	0.04	0.13	0.33	0.27	0.43
Total Assets	194.42	192.9	217.46	244.77	254.42	186.57
Accounts Payable	33.12	27.21	21.11	27.56	29.76	20.37
Accrued Expenses	7.98	7.34	8.04	10.16	10.63	8
Short-Term Debt	3.52	5.17	11.43	6.27	4.48	6.13
Current Portion of Long-Term Debt	8.92	9.67	10.12	11.47	14.03	12.7
Current Portion of Leases	8.03	8.84	8.78	10.72	9.71	7.1
Current Unearned Revenue	0.82	0.77	0.94	1.46	2.94	2.84
Other Current Liabilities	-	-	1	1.53	2.64	1.39
Total Current Liabilities	62.38	59	61.42	69.17	74.18	58.53
Long-Term Debt	69.43	69.08	71.07	74.15	83.29	61.09
Long-Term Leases	16.72	17.24	22.05	31.09	24.9	13.26
Long-Term Deferred Tax Liabilities	0.99	1.39	2.93	2.46	4.77	2.47
Other Long-Term Liabilities	-	-	-	1	2.56	1.53
Total Liabilities	149.53	146.71	157.46	177.86	189.69	136.87
Common Stock	89.54	89.54	89.54	91.51	92.42	81.07
Additional Paid-In Capital	7.18	7.18	7.11	5.87	5.26	3.62
Retained Earnings	-51.39	-49.94	-36.63	-30.49	-32.95	-34.99
Comprehensive Income & Other	-0.44	-0.6	-0.03	0.01	0.01	-0
Shareholders' Equity	44.9	46.19	60	66.91	64.74	49.7
Total Liabilities & Equity	194.42	192.9	217.46	244.77	254.42	186.57
Total Debt	106.62	110	123.44	133.7	136.41	100.28
Net Cash (Debt)	-105.73	-108.48	-111.81	-132.67	-133.82	-100.28
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.94	-0.97	-0.99	-1.15	-1.27	-1.10
Filing Date Shares Outstanding	112.03	112.03	112.03	112.7	115.62	91.25
Total Common Shares Outstanding	112.03	112.03	112.03	114.49	115.62	91.25
Working Capital	0.56	-0.46	3.35	1.24	7.9	4.91
Book Value Per Share	0.40	0.41	0.54	0.58	0.56	0.54
Tangible Book Value	14.26	15.24	28.63	28.27	24.84	23.14
Tangible Book Value Per Share	0.13	0.14	0.26	0.25	0.21	0.25
Land	-	8.02	12.58	12.79	10.65	10.41
Machinery	-	113.72	119.7	139.41	133.33	123.93