TSXV:MAR.UN Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020
Property, Plant & Equipment	142.53	142	134.38	126.8	85.5	Upgrade
Cash & Equivalents	4.32	4.24	1.77	1.42	4.22	Upgrade
Accounts Receivable	0.01	0.02	0.02	0.03	0.01	Upgrade
Other Current Assets	0.31	0.32	0.33	0.19	0.11	Upgrade
Other Long-Term Assets	3.41	3.51	3.28	3.37	1.59	Upgrade
Total Assets	150.59	150.09	139.77	131.81	91.42	Upgrade
Current Portion of Long-Term Debt	1.37	1.32	7.23	1.39	1.56	Upgrade
Long-Term Debt	98.99	100.36	93.54	100.73	63.99	Upgrade
Accounts Payable	0.63	0.68	0.1	0.13	0.06	Upgrade
Accrued Expenses	0.17	0.19	0.7	0.6	0.33	Upgrade
Other Current Liabilities	8.35	7.61	10.59	9.82	9.52	Upgrade
Other Long-Term Liabilities	0.05	0.04	0.04	0.13	0.06	Upgrade
Total Liabilities	109.55	110.19	112.19	112.8	75.53	Upgrade
Common Stock	7.39	6.96	6.66	6.67	6.79	Upgrade
Retained Earnings	33.65	32.94	20.92	12.35	9.1	Upgrade
Shareholders' Equity	41.04	39.9	27.58	19.01	15.89	Upgrade
Total Liabilities & Equity	150.59	150.09	139.77	131.81	91.42	Upgrade
Total Debt	100.36	101.68	100.77	102.12	65.55	Upgrade
Net Cash (Debt)	-96.03	-97.44	-99	-100.69	-61.33	Upgrade
Net Cash Per Share	-10.00	-10.76	-11.44	-11.62	-6.94	Upgrade
Filing Date Shares Outstanding	9.61	9.06	8.66	8.67	8.83	Upgrade
Total Common Shares Outstanding	9.61	9.06	8.66	8.67	8.83	Upgrade
Book Value Per Share	4.27	4.41	3.19	2.19	1.80	Upgrade
Tangible Book Value	41.04	39.9	27.58	19.01	15.89	Upgrade
Tangible Book Value Per Share	4.27	4.41	3.19	2.19	1.80	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.