SEDAR Interim Financial Statements

[
  {
    "companyName": "Blue Ant Media Corporation",
    "reportingPeriodEnd": "2026-02-28",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 50747,
      "restrictedCash": 0,
      "tradeAndOtherReceivables": 186092,
      "prepaidsAndOtherAssets": 18757,
      "incomeTaxesReceivable": 9462,
      "totalCurrentAssets": 265058,
      "propertyAndEquipment": 10549,
      "rightOfUseAssets": 36616,
      "investmentInContentRights": 139348,
      "intangibleAssets": 75130,
      "goodwill": 75236,
      "otherLongTermReceivables": 11212,
      "deferredTaxAssets": 14981,
      "totalNonCurrentAssets": 363072,
      "totalAssets": 628130,
      "accountsPayableAndAccruedLiabilities": 104116,
      "deferredRevenue": 68550,
      "currentPortionOfLeaseLiability": 8262,
      "currentPortionOfBankIndebtedness": 8441,
      "interimProductionFinancing": 55126,
      "currentPortionOfPromissoryNotes": 4660,
      "otherCurrentLiabilities": 5851,
      "totalCurrentLiabilities": 255006,
      "leaseLiability": 32123,
      "bankIndebtedness": 33224,
      "longTermDeferredRevenue": 3829,
      "otherLongTermLiabilities": 3618,
      "deferredTaxLiabilities": 12190,
      "totalNonCurrentLiabilities": 84984,
      "totalLiabilities": 339990,
      "totalEquityAttributableToShareholders": 281284,
      "nonControllingInterests": 6856,
      "totalEquity": 288140,
      "cashPerShare": 2.0945,
      "workingCapitalPerShare": 0.4149
    },
    "incomeStatement": {
      "revenues": 150425,
      "directContentProductionAndDeliveryExpenses": 107093,
      "salesGeneralAndAdministrativeExpenses": 34514,
      "shareBasedCompensation": 1698,
      "depreciationAndIntangibleAmortization": 6379,
      "financeExpensesNet": 1571,
      "lossOnContingentConsideration": 0,
      "gainLossOnSaleOfAssets": 66,
      "transactionAndOtherRelatedCosts": 7442,
      "restructuringCosts": 1858,
      "totalExpenses": 160621,
      "incomeLossBeforeIncomeTaxes": -10196,
      "currentTaxExpense": 2706,
      "deferredTaxExpense": 29,
      "totalIncomeTaxExpense": 2735,
      "netIncomeLoss": -12931,
      "netIncomeLossAttributableToShareholders": -12872,
      "netIncomeLossAttributableToNonControllingInterest": -59,
      "basicEarningsPerShare": -0.53,
      "dilutedEarningsPerShare": -0.53,
      "weightedAverageSharesOutstanding": 24228
    },
    "cashFlowStatement": {
      "netIncomeLoss": -12931,
      "depreciationOfPropertyAndEquipment": 968,
      "depreciationOfRightOfUseAssets": 2834,
      "amortizationOfContentRights": 36718,
      "amortizationOfIntangibleAssets": 2577,
      "lossOnSaleOfVendorTakeBackNote": 3139,
      "financeExpensesNetNonCash": 1571,
      "shareBasedCompensationNonCash": 1698,
      "deferredTaxExpense": 29,
      "incomeTaxExpense": 2706,
      "cashIncomeTaxesPaid": -8401,
      "additionsToContentRights": -29574,
      "cashFlowsFromOperationsBeforeWorkingCapital": 1334,
      "netChangesInNonCashWorkingCapital": -196,
      "netCashProvidedByOperatingActivities": 1138,
      "bankIndebtednessDraws": 40838,
      "bankIndebtednessRepayments": -19401,
      "productionFinancingDraws": 26174,
      "productionFinancingRepayments": -40855,
      "repaymentOfPromissoryNotes": 0,
      "cashInterestPaid": -2103,
      "costsAssociatedWithFinancingTransactions": 0,
      "repaymentOfLeaseLiability": -2432,
      "netCashProvidedByFinancingActivities": 2221,
      "additionsToPropertyAndEquipment": -3578,
      "additionsToIntangibleAssets": -1160,
      "acquisitionsNetOfCashAcquired": -16091,
      "proceedsFromSaleOfVTBNote": 13562,
      "netCashUsedInInvestingActivities": -7267,
      "effectOfForeignExchangeRateChangesOnCash": 178,
      "netDecreaseInCash": -3730,
      "cashAndCashEquivalentsBeginning": 54477,
      "cashAndCashEquivalentsEnd": 50747
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Note Receivable",
        "description": "Notes receivable from former BRMI executive, secured by shareholdings and guaranteed by significant shareholder",
        "ownershipPercentage": null,
        "value": 8321,
        "notes": "Includes accrued interest. Current portion of $3,646 (US$2,655) is in trade and other receivables. Guaranteed by a company shareholder."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited subordinate voting shares, 12.5 special voting shares, 75,000,000 restricted voting shares",
      "issuedShares": 102740930,
      "classesOfShares": ["Subordinate voting shares", "Special voting shares", "Restricted voting shares"],
      "warrants": [],
      "options": [
        { "number": 2164, "exercisePrice": 2.31, "expiryDate": "2026-03-10" },
        { "number": 726875, "exercisePrice": 8.00, "expiryDate": "2029-11-04" },
        { "number": 47819, "exercisePrice": 8.39, "expiryDate": "2035-12-19" },
        { "number": 4330, "exercisePrice": 8.83, "expiryDate": "2026-04-25" },
        { "number": 750, "exercisePrice": 9.20, "expiryDate": "2034-04-11" },
        { "number": 7577, "exercisePrice": 9.24, "expiryDate": "2026-03-03" },
        { "number": 251750, "exercisePrice": 12.00, "expiryDate": "2031-09-10" },
        { "number": 6495, "exercisePrice": 13.86, "expiryDate": "2026-05-20" },
        { "number": 113662, "exercisePrice": 14.19, "expiryDate": "2027-03-09" },
        { "number": 6494, "exercisePrice": 14.79, "expiryDate": "2028-03-02" },
        { "number": 6495, "exercisePrice": 15.71, "expiryDate": "2026-04-29" },
        { "number": 28145, "exercisePrice": 16.17, "expiryDate": "2026-05-01" },
        { "number": 373375, "exercisePrice": 18.00, "expiryDate": "2032-10-03" },
        { "number": 8660, "exercisePrice": 19.73, "expiryDate": "2026-03-24" },
        { "number": 28578, "exercisePrice": 22.64, "expiryDate": "2028-04-21" },
        { "number": 2402, "exercisePrice": 57.60, "expiryDate": "2026-12-24" },
        { "number": 384, "exercisePrice": 68.50, "expiryDate": "2031-11-21" },
        { "number": 11206, "exercisePrice": 74.90, "expiryDate": "2028-04-17" },
        { "number": 7193, "exercisePrice": 90.00, "expiryDate": "2030-12-28" }
      ],
      "rightsConvertibleInstruments": "Restricted voting shares are redeemable at option of company for $8 aggregate. No other convertible instruments noted."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Entities of which a director is key management",
          "description": "Advertising services provided",
          "amount": 1799,
          "period": "Six months ended February 28, 2026"
        },
        {
          "counterparty": "Company owned by controlling shareholder (Michael MacMillan)",
          "description": "Rent paid",
          "amount": 55,
          "period": "Six months ended February 28, 2026"
        },
        {
          "counterparty": "Director (former BRMI executive)",
          "description": "Note receivable from director",
          "amount": 600,
          "period": "As at February 28, 2026"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Capital contribution of $34,700 from significant shareholder (committed under RTO agreement) received in full after quarter end.",
        "impactValue": 34700
      }
    ]
  }
]