Surge Energy 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	20.49	7.59	-	-	-	-
Cash & Short-Term Investments	20.49	7.59	-	-	-	-
Accounts Receivable	52.31	55.83	46.75	52.62	39.34	26.8
Other Receivables	-	2.5	6.6	8	16.4	3
Receivables	52.31	58.33	53.35	60.62	55.74	29.8
Prepaid Expenses	4.57	3.23	5.36	3.03	3.15	5.25
Other Current Assets	5.39	6.46	4.7	1.48	-	-
Total Current Assets	82.76	75.61	63.41	65.14	58.89	35.05
Property, Plant & Equipment	1,204	1,206	1,350	1,408	1,217	672.92
Long-Term Deferred Tax Assets	70.57	84.24	67.01	76.4	-	-
Other Long-Term Assets	0.24	0.02	0.08	0.66	-	-
Total Assets	1,358	1,366	1,481	1,550	1,275	707.96
Accounts Payable	72.37	95.43	85.39	93.37	84.33	51.27
Current Portion of Long-Term Debt	2.38	0.72	13.7	24.85	45.97	260.91
Current Portion of Leases	5.34	4.09	6.69	6.41	7.7	8.8
Other Current Liabilities	14.33	18.46	16.27	16.8	42.02	22.88
Total Current Liabilities	94.42	118.7	122.05	141.43	180.02	343.85
Long-Term Debt	215.72	215.78	245.68	294.27	260.03	103.9
Long-Term Leases	18.64	11.53	16.11	22.39	23.36	32
Other Long-Term Liabilities	286.03	281.62	252.94	253.67	298.66	294.43
Total Liabilities	614.81	627.64	636.79	711.76	762.06	774.18
Common Stock	1,743	1,768	1,791	1,765	1,654	1,482
Additional Paid-In Capital	109.54	88.97	67.55	58.96	52.15	52.12
Retained Earnings	-1,116	-1,125	-1,021	-988.8	-1,199	-1,607
Comprehensive Income & Other	6.38	6.38	6.38	2.72	6.27	6.27
Shareholders' Equity	742.9	738.51	843.98	838.32	513.38	-66.22
Total Liabilities & Equity	1,358	1,366	1,481	1,550	1,275	707.96
Total Debt	242.09	232.12	282.18	347.92	337.06	405.6
Net Cash (Debt)	-221.59	-224.53	-282.18	-347.92	-337.06	-405.6
Net Cash Per Share	-2.20	-2.23	-2.79	-4.00	-6.02	-10.26
Filing Date Shares Outstanding	98.95	99.7	100.58	98.33	83.36	39.97
Total Common Shares Outstanding	98.98	100.38	100.31	96.48	83.36	39.97
Working Capital	-11.66	-43.09	-58.64	-76.3	-121.13	-308.8
Book Value Per Share	7.51	7.36	8.41	8.69	6.16	-1.66
Tangible Book Value	742.9	738.51	843.98	838.32	513.38	-66.22
Tangible Book Value Per Share	7.51	7.36	8.41	8.69	6.16	-1.66

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