SEDAR Interim Financial Statements
[ { "companyName": "Pizza Pizza Royalty Corp.", "reportingPeriodEnd": "2026-03-31", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "asAt2026-03-31": { "cash": 386, "shortTermInvestments": 2000, "receivableFromPizzaPizzaLimited": 3245, "tradeAndOtherReceivables": 160, "incomeTaxesReceivable": 120, "totalCurrentAssets": 5911, "derivativeFinancialInstruments": 188, "pizzaPizzaRightsAndMarks": 294292, "pizza73RightsAndMarks": 82017, "totalNonCurrentAssets": 376497, "totalAssets": 382408, "tradeAndOtherPayables": 488, "payableToPizzaPizzaLimited": 1198, "dividendsPayableToShareholders": 1908, "incomeTaxesPayable": 0, "totalCurrentLiabilities": 3594, "borrowings": 46770, "deferredTaxLiability": 25246, "totalNonCurrentLiabilities": 72016, "shareCapital": 242030, "exchangeableShares": 105440, "accumulatedOtherComprehensiveEarnings": 151, "deficit": -40823, "totalShareholdersEquity": 306798, "totalLiabilitiesAndShareholdersEquity": 382408, "cashPerShare": 0.0114, "workingCapitalPerShare": 0.0685 }, "asAt2025-12-31": { "cash": 584, "shortTermInvestments": 3000, "receivableFromPizzaPizzaLimited": 3606, "tradeAndOtherReceivables": 68, "incomeTaxesReceivable": 0, "totalCurrentAssets": 7258, "derivativeFinancialInstruments": null, "pizzaPizzaRightsAndMarks": 289031, "pizza73RightsAndMarks": 80814, "totalNonCurrentAssets": 369845, "totalAssets": 377103, "tradeAndOtherPayables": 578, "payableToPizzaPizzaLimited": 1009, "dividendsPayableToShareholders": 1908, "incomeTaxesPayable": 36, "totalCurrentLiabilities": 3531, "borrowings": 46742, "deferredTaxLiability": 25341, "totalNonCurrentLiabilities": 72083, "shareCapital": 242030, "exchangeableShares": 98976, "accumulatedOtherComprehensiveEarnings": 0, "deficit": -39517, "totalShareholdersEquity": 301489, "totalLiabilitiesAndShareholdersEquity": 377103, "cashPerShare": null, "workingCapitalPerShare": null } }, "incomeStatement": { "forThreeMonthsEnded2026-03-31": { "royaltyIncome": 9393, "administrativeExpenses": -132, "operatingEarnings": 9261, "interestExpenseOnBorrowings": -435, "interestIncome": 25, "earningsBeforeIncomeTaxes": 8851, "currentTaxExpense": -1554, "deferredTaxRecovery": 131, "earningsForPeriod": 7428, "weightedAverageNumberOfSharesBasicAndDiluted": 33804543, "basicAndDilutedEarningsPerShare": 0.22 }, "forThreeMonthsEnded2025-03-31": { "royaltyIncome": 9729, "administrativeExpenses": -152, "operatingEarnings": 9577, "interestExpenseOnBorrowings": -317, "interestIncome": 68, "earningsBeforeIncomeTaxes": 9328, "currentTaxExpense": -1656, "deferredTaxRecovery": 108, "earningsForPeriod": 7780, "weightedAverageNumberOfSharesBasicAndDiluted": 33353588, "basicAndDilutedEarningsPerShare": 0.23 } }, "cashFlowStatement": { "forThreeMonthsEnded2026-03-31": { "cashProvidedByOperatingActivities": 7536, "cashUsedInFinancingActivities": -8734, "cashProvidedByInvestingActivities": 1000, "decreaseInCash": -198, "cashBeginningOfPeriod": 584, "cashEndOfPeriod": 386, "supplementaryInterestPaid": 407, "supplementaryIncomeTaxesPaid": 1710 }, "forThreeMonthsEnded2025-03-31": { "cashProvidedByOperatingActivities": 7829, "cashUsedInFinancingActivities": -8568, "cashProvidedByInvestingActivities": null, "decreaseInCash": -739, "cashBeginningOfPeriod": 781, "cashEndOfPeriod": 42, "supplementaryInterestPaid": 312, "supplementaryIncomeTaxesPaid": 1700 } }, "investmentsAndOtherAssets": [ { "type": "Marketable Securities", "description": "Short-term investments", "ownershipPercentage": null, "value": 2000, "notes": "As at March 31, 2026" }, { "type": "Derivative Financial Instruments", "description": "Interest rate swaps classified as cash flow hedges", "ownershipPercentage": null, "value": 188, "notes": "As at March 31, 2026" } ], "shareStructure": { "authorizedShares": null, "issuedShares": 24618392, "classesOfShares": [ "Common Shares", "Class B Exchangeable Shares", "Class D Exchangeable Shares" ], "warrants": [], "options": [], "rightsConvertibleInstruments": "Exchangeable Shares (Class B and Class D) convertible into common shares at varying multipliers based on Royalty Pool adjustments." }, "managementCompensation": { "currency": "CAD", "periods": { "2026-Q1": { "totalDirectorCompensation": 58 }, "2025-Q1": { "totalDirectorCompensation": 62 } }, "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Pizza Pizza Limited", "description": "Administrative services provided by PPL (fee waived)", "amount": 0, "period": "three months ended March 31, 2026 and 2025" }, { "counterparty": "Pizza Pizza Limited", "description": "Receivable from PPL for royalty amounts", "amount": 3245, "period": "as at March 31, 2026" }, { "counterparty": "Pizza Pizza Limited", "description": "Payable to PPL for distributions and other expenses", "amount": 1198, "period": "as at March 31, 2026" } ] }, "subsequentEvents": [] } ]