SNDL Inc. (SNDL)

SNDL Inc. Balance Sheet

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

Fiscal Quarter	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Period Ending	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Cash & Equivalents	240.58	208.22	220.87	218.36	262.98	182.93	188.95	195.04	201.98	185.46	213.25	279.59	291.43	362.63	422.82	558.25	629.14	885.42	873.45	60.38
Short-Term Investments	0.73	0.67	0.75	27.56	23.38	28.67	13.2	3.4	3.4	23.04	23	6.55	5.37	3.35	3.55	3.07	3.05	3.05	-	-
Trading Asset Securities	-	-	-	0.14	-	-	-	0.23	0.27	3.54	10.99	21.93	28.79	34.22	66.49	83.72	119.64	97.42	33.58	-
Cash & Short-Term Investments	241.32	208.89	221.62	246.06	286.36	211.6	202.16	198.67	205.65	212.03	247.24	308.06	325.6	400.2	492.87	645.04	751.83	985.89	907.03	60.38
Cash Growth	-15.73%	-1.28%	9.63%	23.86%	39.25%	-0.20%	-18.23%	-35.51%	-36.84%	-47.02%	-49.84%	-52.24%	-56.69%	-59.41%	-45.66%	968.37%	3472.65%	4458.17%	4187.13%	33.17%
Accounts Receivable	29.05	32.19	32.5	27.38	27.52	25.18	23.34	23.82	29.11	36.32	37.35	21.26	22.24	22.79	18.72	14.86	12.05	8.35	8.5	15.79
Other Receivables	-	-	-	3.57	-	-	-	6.21	-	-	-	5.08	-	-	-	-	3.65	0.5	0.85	0.11
Receivables	29.05	32.19	32.5	30.95	27.52	25.18	23.34	30.03	29.11	36.32	37.35	26.34	22.24	22.79	18.72	14.86	15.71	8.85	9.35	15.9
Inventory	128.84	137.55	135.95	129.11	128.76	133.78	135.56	129.49	143.11	161.74	155.34	131.26	146.75	144.15	144.68	33.91	38.97	37.54	35.67	29.14
Prepaid Expenses	12.58	15.48	10.64	16.86	15.51	19.3	15.48	22.46	17.81	21.79	21.03	10.11	12.11	13.93	12.46	4.36	5.36	3.2	5.1	4.62
Restricted Cash	19.8	19.82	19.79	19.82	20.22	19.97	20.12	19.89	19.66	19.46	19.38	19.34	19.34	19.41	21.95	27.01	33.06	52.45	0.1	5.33
Other Current Assets	0.75	0.76	0.25	19.05	19.05	19.05	25.23	6.38	8.39	8.39	12.56	6.38	-	-	3	3	3	3	3	3
Total Current Assets	432.33	414.69	420.75	461.84	497.41	428.89	421.89	406.91	423.73	459.72	492.9	501.48	526.03	600.48	693.68	728.18	847.93	1,091	960.24	118.37
Property, Plant & Equipment	275.21	271.61	269.37	261.25	246.72	251.84	252	282.6	309.94	318.79	339.93	277.56	303.1	309.88	319.75	63.19	61.17	53.41	114.04	116.93
Long-Term Investments	410.24	405.45	419.68	421.55	477.48	572.01	581.01	567.99	579.58	542.46	545.92	609.96	643.31	542.33	551.4	483.36	392.79	254.08	62.45	51.88
Goodwill	124.25	124.25	124.25	124.25	123.92	124.55	119.28	119.28	148.28	147.68	135.96	67.26	284.81	394.78	394.78	72.5	65.57	-	-	-
Other Intangible Assets	59.22	59.93	60.63	61.33	77.02	73.96	72.6	73.15	73.78	74.45	75.53	74.89	30.7	2.69	4.67	50.15	62.85	4.89	4.97	5.06
Long-Term Accounts Receivable	12.35	13.28	13.68	15.35	16.82	16.57	17.29	18.4	18.26	18.92	18.89	19.62	20.44	22.12	23.01	22.57	16.09	-	-	-
Other Long-Term Assets	4.46	4.21	3.92	3.68	3.7	6.23	7.34	4.84	9.72	9.77	8.62	8.58	9.04	9.07	8.99	7.73	7.98	7.98	7.98	2.63
Total Assets	1,318	1,293	1,312	1,349	1,443	1,474	1,471	1,473	1,563	1,572	1,618	1,559	1,817	1,881	1,996	1,428	1,454	1,411	1,150	294.87
Accounts Payable	50.65	49.16	57.89	27.06	54.04	62.39	61.36	22.04	57.23	62.56	62.11	9.77	41.66	36.88	62.12	4.17	24.34	24.56	22.7	4.85
Accrued Expenses	-	-	-	29.21	-	-	-	46.18	-	-	-	38.38	-	-	-	34.28	-	-	-	18.46
Current Portion of Leases	35.16	33.36	33.25	34.26	34.54	32.62	32.98	30.54	33.81	35.98	32.37	30.21	22.57	22.99	23.98	5.7	4.33	0.42	0.42	0.41
Other Current Liabilities	-	0	0.01	0.03	0.05	3.9	5.7	4.4	6.8	3.96	6.2	11	15.1	6.6	30.06	21.7	34.4	54	73.81	0.43
Total Current Liabilities	85.81	82.52	91.16	90.56	88.63	98.91	100.04	103.15	97.84	102.5	100.67	89.36	79.33	66.47	116.16	65.85	63.07	78.97	96.93	24.15
Long-Term Leases	119.97	117.18	114.69	118.02	122.96	124.99	128.82	136.49	137.2	136.14	142.78	139.63	236.92	239.37	242.45	27.77	20.21	0.8	0.92	1.03
Other Long-Term Liabilities	12.99	5.58	6.23	7.31	7.21	6.24	5.92	4.18	6.86	5.25	5.09	2.71	2.5	3.01	5.09	4.51	0.34	-	-	-
Total Liabilities	218.77	205.28	212.07	215.89	218.8	230.14	234.77	243.82	241.9	243.89	248.54	231.7	318.74	308.85	363.7	98.13	83.61	79.78	97.85	25.18
Common Stock	2,296	2,295	2,295	2,347	2,383	2,381	2,377	2,376	2,367	2,366	2,365	2,293	2,311	2,322	2,327	2,036	2,032	2,003	1,676	762.05
Additional Paid-In Capital	66.44	63	59.52	57.16	81.59	79.57	75.23	73.01	76.91	73.64	70.72	68.96	73.41	65.04	61.96	60.73	62.26	64.9	60.37	59.34
Retained Earnings	-1,313	-1,299	-1,302	-1,324	-1,289	-1,269	-1,263	-1,261	-1,178	-1,156	-1,124	-1,092	-984.04	-896.6	-826.41	-785.11	-733.52	-744.83	-692.54	-558.13
Comprehensive Income & Other	49.94	29.29	47.86	53.44	31.9	36.7	32.4	23.96	35.85	24.72	36.35	36.73	41.33	23.97	11.25	17.98	10.01	8.42	8.42	8.42
Total Common Equity	1,099	1,088	1,100	1,133	1,208	1,228	1,221	1,212	1,301	1,308	1,349	1,306	1,442	1,515	1,574	1,329	1,371	1,332	1,052	271.68
Minority Interest	-	-	-	-	16.06	16.08	15.24	17.27	19.92	19.97	20.59	21.16	57.07	57.8	58.34	0.23	-	-	-	-1.98
Shareholders' Equity	1,099	1,088	1,100	1,133	1,224	1,244	1,237	1,229	1,321	1,328	1,369	1,328	1,499	1,572	1,633	1,330	1,371	1,332	1,052	269.7
Total Liabilities & Equity	1,318	1,293	1,312	1,349	1,443	1,474	1,471	1,473	1,563	1,572	1,618	1,559	1,817	1,881	1,996	1,428	1,454	1,411	1,150	294.87
Total Debt	155.13	150.54	147.95	152.27	157.5	157.61	161.79	167.03	171.01	172.12	175.14	169.83	259.48	262.36	266.43	33.47	24.53	1.22	1.34	1.44
Net Cash (Debt)	86.19	58.36	73.67	93.79	128.86	53.99	40.37	31.64	34.64	39.91	72.1	138.23	66.11	137.85	226.44	611.57	727.3	984.67	905.69	58.94
Net Cash Growth	-33.12%	8.09%	82.51%	196.44%	272.02%	35.28%	-44.01%	-77.11%	-47.61%	-71.05%	-68.16%	-77.40%	-90.91%	-86.00%	-75.00%	937.68%	-	-	-	-
Net Cash Per Share	0.33	0.23	0.28	0.35	0.49	0.20	0.15	0.12	0.13	0.15	0.28	0.58	0.28	0.58	1.10	2.97	3.54	5.22	6.29	1.12
Filing Date Shares Outstanding	257.5	257.35	257.3	257.29	265.5	265.1	263.2	263.08	261.3	260.5	260.3	260.1	236.6	238	239	238.52	206	206	186	166.02
Total Common Shares Outstanding	257.4	257.35	257.29	263.02	265.4	264.28	263.19	262.78	260.49	260.26	260.14	235.19	236.83	237.99	238.52	206.04	205.6	202.89	177.6	91.88
Working Capital	346.52	332.17	329.6	371.28	408.78	329.98	321.85	303.77	325.9	357.22	392.23	412.12	446.7	534.01	577.52	662.32	784.86	1,012	863.32	94.23
Book Value Per Share	4.27	4.23	4.28	4.31	4.55	4.65	4.64	4.61	5.00	5.03	5.18	5.55	6.09	6.36	6.60	6.45	6.67	6.56	5.92	2.96
Tangible Book Value	915.82	903.96	915.32	947.78	1,007	1,029	1,030	1,020	1,079	1,086	1,137	1,164	1,126	1,117	1,175	1,207	1,242	1,327	1,047	266.62
Tangible Book Value Per Share	3.56	3.51	3.56	3.60	3.80	3.89	3.91	3.88	4.14	4.17	4.37	4.95	4.75	4.69	4.93	5.86	6.04	6.54	5.89	2.90
Land	9.45	9.45	9.45	9.45	9.12	9.12	9.12	20.95	20.63	20.63	16.82	11.96	11.78	11.78	12.39	12.39	8.64	8.64	8.64	8.64
Machinery	108.91	108.38	108	108.9	138.59	100.03	100.46	99.16	97.65	97.82	97.15	78.92	69.65	68.6	70.71	32.78	32.07	30.23	28.76	28.89
Construction In Progress	5.74	1.38	0.84	2.57	2.57	4.29	8.58	8.67	9.58	8.69	9.05	9.45	9.5	9.03	9.03	6.1	9.74	8.85	8.64	3
Leasehold Improvements	82.06	81.7	81.18	78.25	77.65	77.76	76.73	76.9	75.5	75.39	76.3	70.81	52.35	51.88	-	3.9	-	-	-	-

Updated Nov 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q