CES Energy Solutions 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	-	-	-	-	-	18.25
Cash & Short-Term Investments	-	-	-	-	-	18.25
Accounts Receivable	530.36	450.51	435.3	474.87	303.42	154.27
Other Receivables	1.87	3.6	6.6	5.43	6.24	6.04
Receivables	532.22	454.11	441.9	480.3	309.66	160.31
Inventory	426.44	447.05	408.6	428.14	273.5	178.56
Prepaid Expenses	32.71	28.87	25.19	23.03	35.65	16.43
Other Current Assets	12.67	22.12	5.09	2.21	0.39	-
Total Current Assets	1,004	952.15	880.77	933.68	619.2	373.54
Property, Plant & Equipment	487.2	468.09	382.12	345.63	307.23	314.44
Long-Term Investments	-	17.25	16.83	8.27	17.12	13.1
Goodwill	66.35	60.79	53.41	54.69	50.53	50.74
Other Intangible Assets	40.55	30.5	25.99	30.55	33.15	46.91
Long-Term Deferred Tax Assets	1.84	7.68	16.47	36.34	58.65	57.42
Other Long-Term Assets	23.5	2.88	1.69	1.84	1.72	1.73
Total Assets	1,623	1,539	1,377	1,411	1,088	857.89
Accounts Payable	258.93	230.07	227.32	227.79	150.08	78.94
Accrued Expenses	13.2	18.07	7.03	6.51	3.2	1.04
Current Portion of Long-Term Debt	-	-	20.8	-	-	-
Current Portion of Leases	39.26	34.59	27.98	23.23	16.32	19.15
Current Income Taxes Payable	8.81	16.16	7.64	3.2	2.1	0.89
Other Current Liabilities	12.66	12.15	7.44	6.62	4.06	1.11
Total Current Liabilities	332.87	311.05	298.21	267.34	175.76	101.13
Long-Term Debt	400.56	344.89	369.82	491.48	395.18	284.69
Long-Term Leases	58.82	57.3	45.12	36.41	25.71	13.26
Long-Term Deferred Tax Liabilities	14.88	1.45	1.64	1.84	2.08	2.32
Other Long-Term Liabilities	8.15	10.42	4.48	4.88	2.19	0.83
Total Liabilities	815.27	725.1	719.27	801.95	600.92	402.23
Common Stock	422.59	502.05	593.01	658.82	658.61	663.28
Additional Paid-In Capital	35.48	37.25	37.46	34.87	33.82	38.05
Retained Earnings	130.97	22.6	-140.77	-272.08	-349.94	-391.68
Comprehensive Income & Other	219.18	252.34	168.3	187.44	144.18	146.02
Total Common Equity	808.22	814.23	658	609.05	486.68	455.66
Shareholders' Equity	808.22	814.23	658	609.05	486.68	455.66
Total Liabilities & Equity	1,623	1,539	1,377	1,411	1,088	857.89
Total Debt	498.64	436.78	463.72	551.13	437.21	317.1
Net Cash (Debt)	-498.64	-436.78	-463.72	-551.13	-437.21	-298.85
Net Cash Per Share	-2.21	-1.85	-1.82	-2.11	-1.66	-1.14
Filing Date Shares Outstanding	212.66	224.69	232.94	254.63	253.82	253.1
Total Common Shares Outstanding	215.74	225.33	236.04	254.52	253.83	258.26
Working Capital	671.17	641.11	582.56	666.34	443.44	272.41
Book Value Per Share	3.75	3.61	2.79	2.39	1.92	1.76
Tangible Book Value	701.31	722.94	578.59	523.81	403	358.01
Tangible Book Value Per Share	3.25	3.21	2.45	2.06	1.59	1.39
Land	-	246.53	202.9	198.12	182.16	180.77
Machinery	-	499.52	417.42	373	327.54	313.58

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