Tourmaline Oil Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	-	-	-	-	-	220.17
Cash & Short-Term Investments	-	-	-	-	-	220.17
Cash Growth	-	-	-	-	-	1715.37%
Accounts Receivable	617.81	792.07	731.06	1,094	652.25	363.64
Other Receivables	117.57	39.92	-	-	-	-
Receivables	735.38	831.99	731.06	1,094	652.25	363.64
Prepaid Expenses	123.79	83.03	87.9	63.87	26.28	22.59
Other Current Assets	233.1	437.74	476.45	1,087	11.2	23.07
Total Current Assets	1,092	1,353	1,295	2,245	689.72	629.47
Property, Plant & Equipment	21,526	19,854	17,472	14,804	13,844	12,154
Long-Term Investments	406.44	428.47	608.03	648.23	745.92	-
Other Long-Term Assets	719.04	675.89	721.65	1,196	12.16	7.14
Total Assets	23,744	22,312	20,097	18,893	15,292	12,790
Accounts Payable	1,365	1,305	1,076	1,013	775.49	450.51
Accrued Expenses	18.6	24.5	25.5	-	-	-
Current Portion of Leases	8.53	8.39	5.8	3.11	3	3.41
Current Income Taxes Payable	-	-	402.68	11.93	-	-
Other Current Liabilities	102.72	182.37	83.91	408.02	272.28	63.81
Total Current Liabilities	2,294	1,520	1,594	1,436	1,051	517.73
Long-Term Debt	937.62	1,273	1,100	619.11	869.57	1,942
Long-Term Leases	30.57	23	20.51	7.05	8.17	8.76
Long-Term Deferred Tax Liabilities	3,180	2,860	2,418	2,482	1,037	405.74
Other Long-Term Liabilities	926.25	1,092	949.55	662.83	719.96	639.18
Total Liabilities	7,369	6,768	6,082	5,206	3,686	3,514
Common Stock	10,671	9,856	8,488	7,725	7,483	6,328
Additional Paid-In Capital	497.76	426.9	345.57	288.33	284.29	307.15
Retained Earnings	5,207	5,261	5,182	5,673	3,840	2,174
Total Common Equity	16,375	15,544	14,016	13,687	11,606	8,809
Minority Interest	-	-	-	-	-	467.44
Shareholders' Equity	16,375	15,544	14,016	13,687	11,606	9,277
Total Liabilities & Equity	23,744	22,312	20,097	18,893	15,292	12,790
Total Debt	1,777	1,304	1,127	629.26	880.74	1,954
Net Cash (Debt)	-1,777	-1,304	-1,127	-629.26	-880.74	-1,734
Net Cash Per Share	-4.67	-3.62	-3.26	-1.84	-2.78	-6.37
Filing Date Shares Outstanding	387.01	374.27	351.47	338.92	332.3	296.85
Total Common Shares Outstanding	386.98	373.68	351.35	338.68	330.86	296.57
Working Capital	-1,202	-167.62	-298.28	809.45	-361.03	111.74
Book Value Per Share	42.32	41.60	39.89	40.41	35.08	29.70
Tangible Book Value	16,375	15,544	14,016	13,687	11,606	8,809
Tangible Book Value Per Share	42.32	41.60	39.89	40.41	35.08	29.70

Source: S&P Global Market Intelligence. Standard template. Financial Sources.