Property and equipment

9 Months Ended

May 31, 2026

9. Property and equipment


		Machinery
		and		Rolling		Computer				Leasehold		Boat
		equipment		stock		equipment		Moulds		improvements		rental fleet		Total
		$		$		$		$		$		$		$
Cost
Balance at August 31, 2024		325,120		35,473		19,228		830,539		276,973		214,450		1,701,783
Additions		185,167		—		4,379		—		32,853		4,948		227,347
Transferred to inventory		—		—		—		—		—		(86,455)		(86,455)
Business acquisition		2,367,675		758,754		392,113		—		311,969		—		3,830,511
Currency translation		(2,146)		(152)		(47)		(13,072)		(2,121)		(3,833)		(21,371)
Balance at August 31, 2025		2,875,816		794,075		415,673		817,467		619,674		129,110		5,651,815
Additions		4,785		—		—		—		178,881		—		183,666
Disposals		(148,512)		(90,540)		(111,687)		—		(105,624)		—		(456,363)
Transferred to inventory		—		—		—		—		—		(22,030)		(22,030)
Currency translation		(1,082)		(24)		(17)		(2,719)		(233)		(434)		(4,509)
Balance at May 31, 2026		2,731,007		703,511		303,969		814,748		692,698		106,646		5,352,579

Accumulated depreciation
Balance at August 31, 2024		207,622		27,156		16,574		114,875		160,930		4,644		531,801
Depreciation		102,318		27,476		21,867		32,409		94,793		22,736		301,599
Transferred to Inventory		—		—		—		—		—		(5,325)		(5,325)
Business acquisition		758,843		476,157		196,172		—		85,513		—		1,516,685
Balance at August 31, 2025		1,068,783		530,789		234,613		147,284		341,236		22,055		2,344,760
Depreciation		250,194		74,374		35,178		24,119		74,265		8,290		466,420
Disposals		(151,733)		(89,940)		(78,384)		—		(42,541)		—		(362,598)
Transferred to inventory		—		—		—		—		—		(3,122)		(3,122)
Balance at May 31, 2026		1,167,244		515,223		191,407		171,403		372,960		27,223		2,445,460

Net carrying amount
As at August 31, 2025		1,807,033		263,286		181,060		670,183		278,438		107,055		3,307,055
As at May 31, 2026		1,563,763		188,288		112,562		643,345		319,738		79,423		2,907,119

During the year ended August 31, 2025, the Company acquired NVG which resulted in the acquisition of the subsidiary’s property and equipment. As a result, the Company acquired property and equipment with a net book value of $2,313,826.