Tenaz 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	213.79	139.91	50.3	1.83	25.47	-
Cash & Short-Term Investments	213.79	139.91	50.3	1.83	25.47	-
Cash Growth	1345.78%	178.14%	2645.63%	-92.81%	-	-
Receivables	73.05	6.23	8	10.25	1.78	1.09
Prepaid Expenses	31.48	2.14	1	1.1	0.25	0.22
Restricted Cash	40.02	40.25	32.94	59.09	-	-
Other Current Assets	1.21	0.01	0.24	0.04	-	-
Total Current Assets	359.54	188.54	92.49	72.32	27.5	1.31
Property, Plant & Equipment	1,857	144.17	124.86	109.83	47.9	33.13
Long-Term Investments	24.94	21.46	21.37	12.59	-	-
Other Long-Term Assets	2.97	36.66	-	-	-	-
Total Assets	2,244	390.83	238.72	194.74	75.4	34.44
Accounts Payable	116.97	20.99	15.67	14.29	6.75	1.18
Accrued Expenses	-	17	24.93	-	-	-
Short-Term Debt	-	-	-	21.48	-	3.99
Current Portion of Leases	10.75	-	-	0.07	0.06	0.05
Current Income Taxes Payable	68.41	-	-	22.28	-	-
Other Current Liabilities	53.62	2.31	3.39	0.52	0.6	0.39
Total Current Liabilities	249.74	40.3	43.99	58.64	7.41	5.61
Long-Term Debt	138.51	138.28	-	-	-	-
Long-Term Leases	20.55	0.27	0.24	0.06	0.11	0.16
Long-Term Deferred Tax Liabilities	1,164	57.96	55.15	34.23	-	-
Other Long-Term Liabilities	358.5	61.9	42.98	30.44	2.57	2.11
Total Liabilities	1,931	298.7	142.36	123.37	10.09	7.87
Common Stock	66.04	63.41	60.88	63.83	64.5	37.71
Additional Paid-In Capital	12.67	12.09	10.92	8.87	7.66	7.25
Retained Earnings	217.7	12.91	21.1	-4.53	-10.05	-18.39
Comprehensive Income & Other	16.19	3.72	3.46	3.2	3.2	-
Shareholders' Equity	312.59	92.13	96.35	71.37	65.32	26.57
Total Liabilities & Equity	2,244	390.83	238.72	194.74	75.4	34.44
Total Debt	169.81	138.54	0.24	21.61	0.17	4.19
Net Cash (Debt)	43.98	1.36	50.06	-19.78	25.3	-4.19
Net Cash Growth	870.88%	-97.28%	-	-	-	-
Net Cash Per Share	1.40	0.05	1.72	-0.68	1.70	-0.38
Filing Date Shares Outstanding	28.42	27.57	26.71	28.78	28.46	10.89
Total Common Shares Outstanding	28.37	27.61	26.79	28.09	28.44	10.89
Working Capital	109.8	148.23	48.5	13.67	20.09	-4.3
Book Value Per Share	11.02	3.34	3.60	2.54	2.30	2.44
Tangible Book Value	312.59	92.13	96.35	71.37	65.32	26.57
Tangible Book Value Per Share	11.02	3.34	3.60	2.54	2.30	2.44

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