Financial Statements — SNDL
Balance Sheet
(in billions CAD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.25 | 0.22 | 0.20 | 0.28 | 0.56 | 0.06 | 0.05 |
| Inventory | 0.13 | 0.13 | 0.13 | 0.13 | 0.03 | 0.03 | 0.06 |
| Total Current Assets | 0.45 | 0.46 | 0.41 | 0.50 | 0.73 | 0.12 | 0.17 |
| Goodwill | 0.12 | 0.12 | 0.12 | 0.07 | 0.11 | -- | 0.01 |
| Total Non-current Assets* | 0.89 | 0.89 | 1.07 | 1.06 | 0.70 | 0.18 | 0.34 |
| Total Assets | 1.34 | 1.35 | 1.47 | 1.56 | 1.42 | 0.29 | 0.51 |
| Total Current Liabilities | 0.09 | 0.09 | 0.10 | 0.09 | 0.07 | 0.02 | 0.27 |
| Total Non-current Liabilities* | 0.14 | 0.13 | 0.14 | 0.14 | 0.03 | 0.00 | 0.02 |
| Total Liabilities | 0.23 | 0.22 | 0.24 | 0.23 | 0.10 | 0.03 | 0.29 |
| Retained Earnings | (1.30) | (1.32) | (1.26) | (1.09) | (0.79) | (0.56) | (0.36) |
| Total Stockholder Equity | 1.10 | 1.13 | 1.23 | 1.33 | 1.33 | 0.27 | 0.22 |
* Derived from reported values
Income Statement
(in millions CAD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 946.40 | 920.45 | 909.01 | 712.20 | 56.13 | 60.92 | 75.86 |
| Cost of Revenue* | 687.75 | 680.12 | 718.59 | 571.82 | 63.12 | 110.79 | -- |
| Gross Profit | 258.65 | 240.33 | 190.42 | 140.38 | (6.99) | (49.87) | -- |
| Research & Development | 0.49 | 0.35 | 0.32 | 2.45 | 2.45 | 0.49 | 2.41 |
| Selling, General & Admin | 182.16 | 187.24 | 199.73 | 140.17 | 38.37 | 32.03 | 44.45 |
| Total Operating Expenses* | 265.00 | 344.14 | 353.23 | 0.10 | 0.19 | 0.39 | 2.96 |
| Operating Income | (6.35) | (103.81) | (162.82) | (347.77) | (132.13) | (185.40) | (159.22) |
| Interest Expense | -- | -- | 0.08 | 0.18 | 0.04 | 7.77 | 16.54 |
| Pretax Income | (15.77) | (105.61) | (172.02) | (379.77) | (232.45) | (206.32) | (276.25) |
| Net Income | (15.77) | (96.20) | (176.55) | (372.43) | (230.18) | (239.94) | (271.63) |
| Basic EPS | (0.06) | (0.36) | (0.67) | -- | -- | -- | -- |
| Diluted EPS | (0.06) | (0.36) | (0.67) | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in billions CAD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.07 | 0.05 | (0.02) | (0.01) | (0.16) | (0.06) | (0.11) |
| Investing Cash Flow | 0.02 | 0.02 | (0.02) | (0.23) | (0.50) | (0.07) | (0.21) |
| Financing Cash Flow | (0.05) | (0.05) | (0.04) | (0.04) | 1.15 | 0.14 | 0.36 |
