SNDL Inc. Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q4 2025	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
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021
Cash & Equivalents	252.24	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
Short-Term Investments	0.57	0.73	0.67	0.75	27.7	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	-	-	-	-	-	-	-	-	0.23	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	252.81	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
Cash Growth	2.74%	-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%
Accounts Receivable	26.87	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
Other Receivables	3.55	-	-	-	3.57	-	-	-	6.21	-	-	-	5.08	-	-	-	-	3.65	0.5	0.85
Receivables	30.42	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
Inventory	130	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
Prepaid Expenses	15.57	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
Restricted Cash	20.08	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
Other Current Assets	0.75	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
Total Current Assets	449.62	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
Property, Plant & Equipment	290.25	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
Long-Term Investments	397.11	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
Goodwill	124.25	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	58.52	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
Long-Term Accounts Receivable	11.64	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	4.53	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
Total Assets	1,336	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
Accounts Payable	28.01	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
Accrued Expenses	28.74	-	-	-	29.21	-	-	-	46.18	-	-	-	38.38	-	-	-	34.28	-	-	-
Current Portion of Leases	35.46	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
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
Total Current Liabilities	92.21	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
Long-Term Leases	134.47	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
Other Long-Term Liabilities	8.04	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	234.72	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
Common Stock	2,310	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
Additional Paid-In Capital	54.04	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
Retained Earnings	-1,302	-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
Comprehensive Income & Other	39.2	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
Total Common Equity	1,101	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
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	-	-	-
Shareholders' Equity	1,101	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
Total Liabilities & Equity	1,336	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
Total Debt	169.93	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
Net Cash (Debt)	82.88	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
Net Cash Growth	-11.63%	-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	0.32	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
Filing Date Shares Outstanding	259.21	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
Total Common Shares Outstanding	263.36	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
Working Capital	357.41	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
Book Value Per Share	4.18	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
Tangible Book Value	918.43	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
Tangible Book Value Per Share	3.49	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
Land	9.45	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
Machinery	111.67	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
Construction In Progress	5.15	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
Leasehold Improvements	84.58	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 Mar 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q