SEDAR Interim Financial Statements

[
  {
    "companyName": "WildBrain Ltd.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 69206,
      "amountsReceivable": 192153,
      "prepaidExpensesAndOther": 15629,
      "investmentInFilmAndTelevisionPrograms": 54689,
      "totalCurrentAssets": 331677,
      "assetsHeldForSale": 588436,
      "longTermAmountsReceivable": 8768,
      "acquiredAndLibraryContent": 16965,
      "propertyAndEquipment": 15997,
      "intangibleAssets": 9275,
      "goodwill": 6321,
      "deferredIncomeTaxes": 33919,
      "totalAssets": 1011358,
      "bankIndebtedness": 35636,
      "accountsPayableAndAccruedLiabilities": 132235,
      "deferredRevenue": 18147,
      "interimProductionFinancing": 57219,
      "currentPortionOfLeaseLiabilities": 9770,
      "currentPortionOfLongTermDebt": 5535,
      "totalCurrentLiabilities": 258542,
      "liabilitiesDirectlyAssociatedWithAssetsHeldForSale": 97979,
      "longTermDebt": 498947,
      "longTermLeaseLiabilities": 3237,
      "otherLongTermLiabilities": 1681,
      "totalLiabilities": 860386,
      "shareholdersEquityDeficitAttributableToShareholders": -119348,
      "nonControllingInterest": 270320,
      "totalEquity": 150972,
      "totalLiabilitiesAndEquity": 1011358,
      "cashPerShare": 0.3241,
      "workingCapitalPerShare": 0.3434
    },
    "incomeStatement": {
      "revenues": 131004,
      "directProductionCostsAndExpenseOfFilmAndTelevisionProduced": 68971,
      "amortizationOfAcquiredAndLibraryContent": 1335,
      "amortizationOfPropertyAndEquipmentAndIntangibleAssets": 5767,
      "writeDownOfInvestmentInFilmAndTelevisionProgramsAcquiredAndLibraryContentAndIntangibleAssets": 16352,
      "sellingGeneralAndAdministrative": 43165,
      "shareBasedCompensation": 4224,
      "financeCostsNet": 54073,
      "foreignExchangeGainLoss": -4104,
      "reorganizationDevelopmentAndOtherExpense": 2399,
      "totalExpenses": 192182,
      "lossBeforeIncomeTaxes": -61178,
      "provisionForRecoveryOfIncomeTaxesCurrent": 1235,
      "provisionForRecoveryOfIncomeTaxesDeferred": -2729,
      "totalIncomeTaxes": -1494,
      "netLossFromContinuingOperations": -59684,
      "netIncomeFromDiscontinuedOperations": 65024,
      "netIncomeLossForThePeriod": 5340,
      "netLossFromContinuingOperationsAttributableToNonControllingInterests": -177,
      "netIncomeFromDiscontinuedOperationsAttributableToNonControllingInterests": 38568,
      "netIncomeLossAttributableToShareholdersOfTheCompany": -33051,
      "basicAndDilutedLossPerCommonShareFromContinuingOperations": -0.28,
      "basicAndDilutedIncomePerCommonShareFromDiscontinuedOperations": 0.12,
      "basicAndDilutedLossPerCommonShareAttributableToTheShareholdersOfTheCompany": -0.16,
      "weightedAverageSharesOutstanding": 213010
    },
    "cashFlowStatement": {
      "operatingActivitiesNetIncomeLossForThePeriod": 5340,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesAmortizationOfPropertyAndEquipment": 4736,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesAmortizationOfIntangibleAssets": 1727,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesAmortizationOfAcquiredAndLibraryContent": 2899,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesAccretionExpenseAndAmortizationOfDeferredFinancingFees": 9099,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesUnrealizedForeignExchangeLoss": 1944,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesShareBasedCompensation": 4224,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesLossOnModificationOfDebtAndWriteDownOfUnamortizedIssueCosts": 16019,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesChangeInFairValueOfForwardForeignExchangeContract": -44,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesInterestIncome": -776,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesInterestExpense": 29584,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesDeferredTaxExpenseRecovery": 726,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesWriteDownOfInvestmentInFilmAndTelevisionPrograms": 10826,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesWriteDownOfAcquiredAndLibraryContent": 5526,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesWriteDownOfIntangibleAssets": 0,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesNetInvestmentInFilmAndTelevisionPrograms": -3097,
      "chargesCreditsToReconcileNetLossToCashProvidedByOperatingActivitiesNetChangeInNonCashBalancesRelatedToOperations": -28998,
      "cashProvidedByOperatingActivities": 59735,
      "financingActivitiesCommonSharesIssuedNetOfIssuanceCostsAndPayrollTaxesRemitted": -1064,
      "financingActivitiesDistributionsToNonControllingInterests": -22727,
      "financingActivitiesProceedsFromBankIndebtedness": 24880,
      "financingActivitiesRepaymentOfBankIndebtedness": 0,
      "financingActivitiesProceedsFromLongTermDebt": 0,
      "financingActivitiesRepaymentOfLongTermDebt": -2580,
      "financingActivitiesPaymentOfDebtIssueCosts": -6912,
      "financingActivitiesInterestPaidOnLongTermDebtAndLeaseLiabilities": -28600,
      "financingActivitiesRepaymentOfLeaseLiabilities": -4581,
      "financingActivitiesNetProceedsFromRepaymentOfInterimProductionFinancing": 747,
      "cashUsedInFinancingActivities": -40837,
      "investingActivitiesProceedsFromSaleOfAssets": 0,
      "investingActivitiesAcquisitionOfAcquiredAndLibraryContent": 0,
      "investingActivitiesAcquisitionOfPropertyAndEquipment": -1124,
      "investingActivitiesAcquisitionOfIntangibleAssets": -358,
      "cashUsedInProvidedByInvestingActivities": -1482,
      "effectOfForeignExchangeRateChangesOnCash": -883,
      "netChangeInCashDuringThePeriod": 16533,
      "cashBeginningOfThePeriod": 68871,
      "cashEndOfThePeriod": 85404,
      "cashIncludedInAssetsHeldForSale": -16198,
      "cashEndOfThePeriodAsReported": 69206
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in Film and Television Programs",
        "description": "Investment in film and television programs including development, in production, delivered program and film rights",
        "ownershipPercentage": null,
        "value": 54689,
        "notes": "Net book value as of December 31, 2025. Includes $35,011 reclassified as held-for-sale related to Peanuts."
      },
      {
        "type": "Acquired and Library Content",
        "description": "Acquired and library content assets",
        "ownershipPercentage": null,
        "value": 16965,
        "notes": "Net book value as of December 31, 2025. Includes $29,219 reclassified as held-for-sale related to Peanuts."
      },
      {
        "type": "Joint Venture",
        "description": "41% stake in Peanuts Holdings LLC (Peanuts)",
        "ownershipPercentage": 41,
        "value": null,
        "notes": "Classified as held-for-sale as of December 31, 2025 pending sale to Sony. Non-controlling interest of 39.2% held by Sony Entertainment reflected at $271,899."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited Common shares; Unlimited Preferred shares issuable in series",
      "issuedShares": 213653798,
      "classesOfShares": ["Common shares", "Preferred shares"],
      "warrants": [],
      "options": [
        {
          "number": 798500,
          "exercisePrice": 1.62,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "shareBasedCompensation": 2969,
          "salariesAndEmployeeBenefits": 14982
        },
        "sixMonthsEndedDec312025": {
          "shareBasedCompensation": 4224,
          "salariesAndEmployeeBenefits": 32157
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": [
      {
        "eventDate": "After December 31, 2025",
        "description": "Company made a 1.5% prepayment premium of US$5,998 on the Term Loan Facility in accordance with the amended credit agreement.",
        "impactValue": -5998
      },
      {
        "eventDate": "After December 31, 2025",
        "description": "Closing of the sale of the Company's 41% stake in Peanuts Holdings LLC to Sony Music Entertainment (Japan) Inc. and Sony Pictures Entertainment Inc. is expected in the second half of 2026.",
        "impactValue": null
      }
    ]
  }
]