v3.26.1
Capital Management
12 Months Ended
Mar. 31, 2026
Disclosure of notes and other explanatory information [Abstract]  
Capital Management Capital Management
As at March 31, 2026, the capital structure of the Company consists of $535.7 million (March 31, 2025 – $713.2 million) in shareholders’ equity and debt.

The Company’s objectives when managing capital are to ensure that there are adequate capital resources to safeguard the Company’s ability to continue as a going concern and maintain adequate levels of funding to support ongoing operations and future growth such that the Company can continue to deliver returns to shareholders and benefits for other stakeholders.

From time to time, the Company may adjust its capital structure in light of changes in economic conditions and the risk characteristics of the Company’s underlying assets. In addition, the Company plans to use existing funds, as well as funds from the future sale of products to fund operations and expansion activities.
March 31, 2026March 31, 2025
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Total liabilities
89,255 244,075 
Less: cash and cash equivalents
64,690 137,921 
Less: marketable securities
— 554 
Less: short term investments
52,213 — 
Net debt (cash)
(27,648)105,600 
Total equity
511,832 608,591 
Net debt (cash) to equity ratio
(0.05)0.17