Pineapple Financial Inc.
For the period ended May 31, 2026. Filed Jul 20, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
May 31, 2026 · Filed Jul 20, 2026
PAPL$0.98+3.1%Stored close · as of Oct 23, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Interim Consolidated Balance Sheets - Unaudited
Pineapple Financial Inc.
Condensed Interim Consolidated Balance Sheets - Unaudited
For the nine month period ended May 31, 2026
| As at: · May 31, 2026 · August 31, 2025 | |||
|---|---|---|---|
| $ · $ | |||
| Assets | |||
| Current assets | |||
| Cash | 5,089,707 | 2,117,371 | |
| Restricted cash | Note 13 | 5,424,320 | - |
| Trade and other receivables | 452,244 | 92,223 | |
| Loans receivable – related parties | Note 12 | 12,002,619 | - |
| Prepaid expenses and deposits | 524,555 | 110,001 | |
| Total current assets | 23,493,445 | 2,319,595 | |
| Investment | 9,819 | 9,733 | |
| Digital assets | Note 5 | 49,400,549 | - |
| Right-of-use asset – net | Note 10 | 444,758 | 530,163 |
| Property and equipment – net | 32,250 | 61,957 | |
| Intangible assets - net | Note 4 | 2,472,291 | 2,495,773 |
| Total Assets | 75,853,112 | 5,417,221 | |
| Liabilities and Shareholders’ Equity | |||
| Current liabilities | |||
| Accounts payable and accrued liabilities | 1,659,294 | 2,125,160 | |
| Loans payable – related parties | Note 12 | 21,442,877 | - |
| Deferred revenue | 78,370 | 108,552 | |
| Warrant liability | Note 7 | 150,198 | 632,753 |
| Derivative liability | Note 19 | 65,241 | - |
| Loans from directors | - | 629,120 | |
| Current portion of lease liability | Note 10 | 146,338 | 138,859 |
| Total current liabilities | 23,542,318 | 3,634,444 | |
| Deferred government incentive | Note 14 | 235,942 | 314,998 |
| Lease liability | Note 10 | 455,547 | 561,100 |
| Total liabilities | 24,233,807 | 4,510,542 | |
| Shareholders’ Equity | |||
| Common shares (*), no par value; unlimited authorized; 25,534,070 issued and outstanding shares as of May 31, 2026 and 1,340,941 as at August 31, 2025. | Note 6 | 62,378,305 | 11,621,468 |
| Common shares to be issued | 88,136 | 88,136 | |
| Additional paid-in capital | Note 7 | 4,428,359 | 3,102,814 |
| Accumulated other comprehensive loss | (532,087) | (509,300) | |
| Accumulated deficit | (14,743,408) | (13,396,439) | |
| Total stockholders’ equity | 51,619,305 | 906,679 | |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 75,853,112 | 5,417,221 | |
Description of business (note 1)
Going concern (note 1)
Contingencies and commitments (note 15)
Approved on behalf of Board of Directors
| “Shubha Dasgupta” | “Drew Green” |
|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.