FRA:ECA Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	0.22	0.36	0.07	0.02	0.18	0.11	Upgrade
Short-Term Investments	13.31	0.2	1.11	2.95	12.48	15.24	Upgrade
Cash & Short-Term Investments	13.53	0.56	1.19	2.97	12.66	15.35	Upgrade
Cash Growth	3216.77%	-52.70%	-60.16%	-76.50%	-17.52%	89.73%	Upgrade
Accounts Receivable	-	-	0	-	-	-	Upgrade
Other Receivables	-	-	-	-	-	0.07	Upgrade
Receivables	-	-	0	-	-	0.13	Upgrade
Prepaid Expenses	0.06	0.02	0.05	0.17	0.05	0.05	Upgrade
Total Current Assets	13.59	0.58	1.24	3.15	12.71	15.52	Upgrade
Property, Plant & Equipment	0	0	0	0	0	0	Upgrade
Long-Term Investments	-	-	-	-	0.07	0	Upgrade
Total Assets	13.6	0.58	1.24	3.15	12.79	15.53	Upgrade
Accounts Payable	0.46	0.8	0.72	0.45	0.2	0.02	Upgrade
Accrued Expenses	0.14	-	0.15	0.11	0.07	0.13	Upgrade
Short-Term Debt	2.21	0.12	-	-	-	-	Upgrade
Other Current Liabilities	-	0	0	0	0.01	0.04	Upgrade
Total Current Liabilities	2.81	0.92	0.86	0.56	0.28	0.18	Upgrade
Long-Term Debt	6.73	-	-	-	-	-	Upgrade
Other Long-Term Liabilities	0.05	-	-	-	-	-	Upgrade
Total Liabilities	9.59	0.92	0.86	0.56	0.28	0.18	Upgrade
Common Stock	115.26	108.78	107.89	107.89	108.02	106.74	Upgrade
Retained Earnings	-145.87	-142.28	-140.49	-138.27	-128.4	-124.31	Upgrade
Comprehensive Income & Other	34.48	33.16	32.97	32.97	32.89	32.92	Upgrade
Shareholders' Equity	4.01	-0.34	0.38	2.6	12.51	15.35	Upgrade
Total Liabilities & Equity	13.6	0.58	1.24	3.15	12.79	15.53	Upgrade
Total Debt	8.94	0.12	-	-	-	-	Upgrade
Net Cash (Debt)	4.59	0.45	1.19	2.97	12.66	15.35	Upgrade
Net Cash Growth	1025.42%	-62.41%	-60.16%	-76.50%	-17.52%	89.73%	Upgrade
Net Cash Per Share	0.05	0.01	0.03	0.06	0.28	0.38	Upgrade
Filing Date Shares Outstanding	137.72	88.13	46.23	46.23	46.72	40.18	Upgrade
Total Common Shares Outstanding	137.12	85.21	46.23	46.23	47.22	40.18	Upgrade
Working Capital	10.78	-0.34	0.38	2.59	12.43	15.34	Upgrade
Book Value Per Share	0.03	-0.00	0.01	0.06	0.26	0.38	Upgrade
Tangible Book Value	4.01	-0.34	0.38	2.6	12.51	15.35	Upgrade
Tangible Book Value Per Share	0.03	-0.00	0.01	0.06	0.26	0.38	Upgrade
Machinery	0	0.01	0.01	0.01	0.01	0.01	Upgrade

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