MTL Cannabis Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	2.95	5.68	1.35	0.44	0.47	0.15
Cash & Short-Term Investments	2.95	5.68	1.35	0.44	0.47	0.15
Cash Growth	-9.72%	320.15%	209.02%	-7.02%	224.41%	-
Accounts Receivable	10.56	9.42	6.54	6.25	6.68	1.76
Other Receivables	1.56	2.4	0.23	0.07	0.24	0.49
Receivables	12.12	11.82	6.77	6.33	6.92	2.24
Inventory	17.05	16.95	8.63	9.17	7.09	4.39
Prepaid Expenses	2.29	0.46	1.87	0.35	0.17	0.02
Other Current Assets	1.74	2.14	1.55	1.26	-	-
Total Current Assets	36.15	37.05	20.19	17.55	14.64	6.8
Property, Plant & Equipment	35.78	30.43	28.73	14.2	9.13	10.57
Goodwill	12.6	12.6	12.6	-	-	-
Other Intangible Assets	4.33	6.01	9.96	-	-	-
Other Long-Term Assets	0.05	0.06	-	-	-	-
Total Assets	88.9	86.16	71.47	31.75	23.77	17.36
Accounts Payable	16.12	16.21	13.88	8.23	6.09	3.2
Short-Term Debt	-	14.9	17.44	6.16	2.04	2.03
Current Portion of Long-Term Debt	3.62	7.58	1.12	1.46	1.5	-
Current Portion of Leases	1.73	1.02	0.71	0.19	0.65	0.52
Current Income Taxes Payable	-	0.7	0.88	0.99	0.1	-
Other Current Liabilities	0.6	8.15	0.28	0.8	2.07	2.16
Total Current Liabilities	22.07	48.57	34.32	17.82	12.46	7.91
Long-Term Debt	24.02	-	4.29	-	0.05	1.54
Long-Term Leases	18.94	13.87	12.68	11.58	5.23	5.86
Long-Term Deferred Tax Liabilities	1.51	1.95	1.07	0.81	2.28	0.5
Other Long-Term Liabilities	-	-	4.49	-	-	-
Total Liabilities	66.54	64.39	56.85	30.2	20.02	15.81
Common Stock	12.31	11.08	11.08	0	0	0
Additional Paid-In Capital	12.72	4.98	4.16	0.11	0.11	0.11
Retained Earnings	-2.66	5.71	-0.61	1.43	3.64	1.44
Shareholders' Equity	22.36	21.76	14.63	1.54	3.75	1.55
Total Liabilities & Equity	88.9	86.16	71.47	31.75	23.77	17.36
Total Debt	48.31	37.38	36.24	19.38	9.47	9.96
Net Cash (Debt)	-45.35	-31.7	-34.89	-18.94	-9	-9.81
Net Cash Per Share	-0.39	-0.27	-0.37	-0.52	-	-
Filing Date Shares Outstanding	120.3	117	117	45.83	-	-
Total Common Shares Outstanding	120.3	117	117	45.83	-	-
Working Capital	14.07	-11.52	-14.13	-0.27	2.19	-1.11
Book Value Per Share	0.19	0.19	0.13	0.03	-	-
Tangible Book Value	5.44	3.15	-7.94	1.54	3.75	1.55
Tangible Book Value Per Share	0.05	0.03	-0.07	0.03	-	-
Land	0.12	0.12	0.62	-	-	-
Buildings	10.75	11.6	11.99	-	-	-
Machinery	9.95	8.52	7.85	6.08	5.77	5.53
Leasehold Improvements	4.42	4.01	0.87	0.07	0.02	-

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