SEDAR Interim Financial Statements

[ { "companyName": "Wilmington Capital Management Inc.", "reportingPeriodEnd": "2025-09-30", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "investmentInBayMooringsPartnership": 650, "deferredIncomeTaxAssets": 243, "rightOfUseAsset": 14, "cash": 33896, "incomeTaxesRecoverable": 242, "amountsReceivableAndOtherAssets": 1063, "totalAssets": 36108, "leaseLiabilitiesNonCurrent": 36, "leaseLiabilitiesCurrent": 38, "incomeTaxesPayable": null, "amountsPayableAndOther": 617, "totalLiabilities": 691, "shareholdersEquity": 35619, "retainedEarningsDeficit": -218, "accumulatedOtherComprehensiveIncome": 16, "totalEquity": 35417, "cashPerShare": 2.7125, "workingCapitalPerShare": 2.7646 }, "incomeStatement": { "managementFeeRevenue": null, "interestDistributionsAndOtherIncome": 824, "generalAndAdministrativeExpense": -1626, "amortizationExpense": -21, "financeCosts": -3, "stockBasedCompensationExpense": null, "fairValueAdjustmentsToInvestments": 0, "gainFromSaleOfInvestments": 0, "incomeBeforeIncomeTaxes": -826, "currentIncomeTaxRecovery": 207, "deferredIncomeTaxRecovery": -17, "provisionForIncomeTaxes": 190, "netIncome": -636, "otherComprehensiveIncome": -180, "totalComprehensiveIncome": -816, "netIncomePerShareBasic": -0.05, "netIncomePerShareDiluted": -0.05, "weightedAverageSharesOutstandingBasic": 12496 }, "cashFlowStatement": { "netIncomeLoss": -636, "adjustmentsForFairValueAdjustmentsToInvestments": 0, "adjustmentsForDistributionsClassifiedAsInvestingCashFlow": 0, "adjustmentsForAccountingGainOnSaleOfInvestments": 0, "adjustmentsForAmortization": 21, "adjustmentsForFinanceCosts": 3, "adjustmentsForStockBasedCompensationExpense": 0, "adjustmentsForDeferredIncomeExpenseRecovery": 17, "changeInNonCashWorkingCapital": -1797, "cashFlowsUsedInOperatingActivities": -2392, "proceedsFromSaleOfMapleLeafPartnership": 0, "proceedsFromDispositionOfMapleLeafMarinaHoldingsGpInc": 0, "proceedsFromSaleOfMarinaAssetManagementInc": 0, "advancesToMapleLeafPartnerships": 0, "distributionFromSunchaserPartnership": 0, "proceedsFromSaleOfEnergySecurities": 0, "returnOfCapitalFromNorthbridgeAndNorthbridgeFunds": 0, "landDevelopmentActivities": 0, "proceedsFromDispositionOfLandHeldForDevelopment": 0, "proceedsFromMaturitiesOfShortTermSecurities": 0, "cashFlowsFromInvestingActivities": 0, "dividendsPaid": 0, "returnOfCapitalPaid": 0, "paymentOfLeaseLiabilities": -19, "issuanceOfSharesForEquitySettledStockOptionsExercised": 0, "paymentsForCashSettledStockOptionsExercised": 0, "cashFlowsUsedInFinancingActivities": -19, "changeInCash": -2411, "cashBalanceBeginningOfPeriod": 36307, "cashBalanceEndOfPeriod": 33896, "supplementalInterestReceived": 748, "supplementalIncomeTaxesPaid": 772 }, "investmentsAndOtherAssets": [ { "type": "Investment in Partnership", "description": "Bay Moorings Partnership", "ownershipPercentage": 18, "value": 650, "notes": "18% ownership in Bay Moorings Partnership, which owns land for development and sale in Ontario. Includes an advance of $0.8 million secured by a non-interest-bearing promissory note." } ], "shareStructure": { "authorizedShares": "unlimited", "issuedShares": 12495833, "classesOfShares": ["Class A shares", "Class B shares"], "warrants": [], "options": [], "rightsConvertibleInstruments": "Class A shares convertible into Class B shares under certain circumstances" }, "managementCompensation": { "currency": "CAD", "periods": { "2025-09-30": { "stockBasedCompensationExpense": 0 }, "2024-09-30": { "stockBasedCompensationExpense": 18 } }, "namedIndividuals": [], "otherRelatedPartyTransactions": [ { "counterparty": "Management and certain directors", "description": "Sale of Corporation's interest in Maple Leaf Marinas Holdings Limited Partnership", "amount": 22000, "period": "2024-09-30" } ] }, "subsequentEvents": [] } ]