SEDAR Interim Financial Statements

[
  {
    "companyName": "Postmedia Network Canada Corp.",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 5330,
      "tradeAndOtherReceivables": 66671,
      "inventory": 1497,
      "prepaidExpensesAndOtherAssets": 6439,
      "totalCurrentAssets": 79937,
      "propertyAndEquipment": 21206,
      "intangibleAssets": 15101,
      "rightOfUseAssets": 13833,
      "derivativeFinancialInstrumentsAndOtherAssets": 4103,
      "totalAssets": 134180,
      "accountsPayableAndAccruedLiabilities": 73341,
      "provisions": 1124,
      "contractLiabilities": 15256,
      "currentPortionOfLeaseObligations": 7753,
      "totalCurrentLiabilities": 97474,
      "longTermDebt": 398470,
      "employeeBenefitObligations": 29933,
      "leaseObligations": 11672,
      "otherLongTermLiabilities": 16046,
      "totalLiabilities": 553595,
      "capitalStock": 820357,
      "contributedSurplus": 20411,
      "deficit": -1260183,
      "totalDeficiency": -419415,
      "cashPerShare": 0.0538,
      "workingCapitalPerShare": -0.1771
    },
    "incomeStatement": {
      "advertising": 56437,
      "circulation": 33720,
      "parcelServices": 16706,
      "other": 5012,
      "totalRevenues": 111875,
      "compensation": 36007,
      "newsprint": 2542,
      "distribution": 39127,
      "production": 11919,
      "otherOperating": 17185,
      "operatingIncomeBeforeDepreciationAmortizationImpairmentRestructuringAndOther": 5095,
      "depreciation": 3128,
      "amortization": 560,
      "impairment": 188,
      "restructuringAndOther": 1055,
      "operatingIncomeLoss": 164,
      "interestExpense": 11458,
      "foreignCurrencyExchangeLosses": 8201,
      "netFinancingExpenseRelatingToEmployeeBenefitPlans": 262,
      "lossOnDisposalOfRightOfUseAssets": 110,
      "lossGainOnDerivativeFinancialInstrumentsAndFinancialAssetsAtFairValueThroughProfitAndLoss": 512,
      "netLossAfterIncomeTaxes": -20379,
      "lossPerShareBasicAndDiluted": -0.21,
      "weightedAverageSharesOutstanding": 99043201
    },
    "cashFlowStatement": {
      "netLossAfterIncomeTaxes": -20379,
      "depreciation": 3128,
      "amortization": 560,
      "impairment": 188,
      "lossGainOnDerivativeFinancialInstrumentsAndFinancialAssetsAtFairValueThroughProfitAndLoss": 512,
      "nonCashInterest": 10935,
      "lossOnDisposalOfRightOfUseAssets": 110,
      "nonCashForeignCurrencyExchangeLosses": 7758,
      "shareBasedCompensationPlans": 451,
      "netFinancingExpenseRelatingToEmployeeBenefitPlans": 262,
      "employeeBenefitPlanFundingInExcessOfCompensationExpense": -646,
      "netChangeInNonCashOperatingAccounts": 1599,
      "cashFlowsFromOperatingActivities": 4478,
      "purchasesOfPropertyAndEquipment": -242,
      "purchasesOfIntangibleAssets": -348,
      "cashFlowsUsedInInvestingActivities": -590,
      "advancesFromAssetBasedLendingFacility": 2105,
      "repaymentOfAssetBasedLendingFacility": -1422,
      "repaymentOfShortTermPromissoryNote": 0,
      "repaymentOfContingentConsideration": -920,
      "leasePayments": -1599,
      "cashFlowsUsedInFinancingActivities": -1836,
      "netChangeInCashForThePeriod": 2052,
      "cashAtBeginningOfPeriod": 3278,
      "cashAtEndOfPeriod": 5330
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": null,
      "issuedShares": null,
      "classesOfShares": ["Common shares"],
      "warrants": [],
      "options": [
        {
          "number": 1660000,
          "exercisePrice": 1.02,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {},
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-12",
        "description": "As at January 12, 2026, the Company has US$27.2 million ($37.7 million) drawn and US$2.3 million ($3.2 million) available on the ABL Facility.",
        "impactValue": null
      }
    ]
  }
]