Cardinal Infrastructure Group Inc. (CDNL)

CDNL Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	97.15	20.92	7.22
Cash & Short-Term Investments	97.15	20.92	7.22
Cash Growth	364.45%	189.69%	-
Receivables	116.18	56.01	52.22
Prepaid Expenses	1.89	0.37	0.34
Other Current Assets	0.43	0.09	1.54
Total Current Assets	215.65	77.39	61.32
Property, Plant & Equipment	93.83	54.89	50.03
Long-Term Investments	-	0.98	0.37
Goodwill	23.51	7.05	7.05
Other Intangible Assets	15.51	-	-
Long-Term Deferred Tax Assets	46.08	-	-
Total Assets	394.59	140.31	118.77
Accounts Payable	60.6	38.28	41.28
Accrued Expenses	2.96	0.79	1.44
Current Portion of Long-Term Debt	6.13	11.11	12.61
Current Portion of Leases	7.16	5.88	4.94
Current Unearned Revenue	10.83	14.14	12.45
Other Current Liabilities	3.97	0.34	0.92
Total Current Liabilities	91.65	70.55	73.64
Long-Term Debt	113.15	36.82	27.59
Long-Term Leases	10.83	9.59	10.06
Other Long-Term Liabilities	39.42	-	-
Total Liabilities	255.05	116.96	111.3
Common Stock	0	-	-
Additional Paid-In Capital	57.59	-	-
Retained Earnings	0.86	11.76	0.44
Total Common Equity	58.46	11.76	0.44
Minority Interest	81.08	11.6	7.03
Shareholders' Equity	139.54	23.35	7.47
Total Liabilities & Equity	394.59	140.31	118.77
Total Debt	137.27	63.4	55.21
Net Cash (Debt)	-40.12	-42.49	-47.99
Net Cash Per Share	-2.71	-	-
Filing Date Shares Outstanding	15.29	-	-
Total Common Shares Outstanding	14.95	-	-
Working Capital	124	6.84	-12.33
Book Value Per Share	3.91	-	-
Tangible Book Value	19.44	4.71	-6.61
Tangible Book Value Per Share	1.30	-	-
Land	-	2.75	1.31
Buildings	-	0.34	0.34
Machinery	150.88	96.49	74.55
Construction In Progress	8.02	0.18	-
Leasehold Improvements	1.04	0.82	0.39
Order Backlog	682	512	401

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q