Tidewater Renewables 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
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
Cash & Equivalents	2.04	0.04	0.11	11.38	1.02
Cash & Short-Term Investments	2.04	0.04	0.11	11.38	1.02
Cash Growth	40740.00%	-58.09%	-99.08%	1013.40%	-
Receivables	7.13	13.92	7.01	3.91	7.02
Inventory	50.65	42.23	43.81	24.58	-
Prepaid Expenses	1.04	3.37	8.31	0.4	0.47
Other Current Assets	-	14.35	0.3	14.06	0.54
Total Current Assets	60.86	73.9	59.53	54.33	9.06
Property, Plant & Equipment	291.15	297.2	996.17	898.74	721.93
Long-Term Investments	46.44	35.43	31	30.32	-
Other Long-Term Assets	-	-	-	9.93	-
Total Assets	398.45	406.53	1,087	993.32	730.99
Accounts Payable	19.52	25.04	43.28	55.3	1.78
Current Portion of Long-Term Debt	-	-	194.97	-	-
Current Portion of Leases	6.11	6.98	6.65	6.13	5.54
Other Current Liabilities	9.97	29.38	48.99	20.18	-
Total Current Liabilities	47.27	61.4	293.89	81.61	7.32
Long-Term Debt	179.25	180.31	132.54	198.36	58.95
Long-Term Leases	1.41	5.69	11.43	14.87	17.38
Long-Term Deferred Tax Liabilities	-	-	115.62	138.45	128.49
Other Long-Term Liabilities	1.44	1.36	20.08	9.9	3.27
Total Liabilities	229.37	248.76	573.57	443.2	215.4
Common Stock	517.63	517.53	513.04	512.58	520.62
Retained Earnings	-352.85	-370.16	-12.31	28.71	2.76
Comprehensive Income & Other	4.31	3.9	5.9	2.34	-7.79
Total Common Equity	169.08	151.27	506.63	543.63	515.6
Minority Interest	-	6.5	6.5	6.5	-
Shareholders' Equity	169.08	157.77	513.13	550.13	515.6
Total Liabilities & Equity	398.45	406.53	1,087	993.32	730.99
Total Debt	186.77	192.98	345.6	219.37	81.86
Net Cash (Debt)	-184.73	-192.94	-345.49	-207.99	-80.84
Net Cash Per Share	-5.00	-5.47	-9.95	-5.96	-4.06
Filing Date Shares Outstanding	36.41	36.39	34.8	34.72	34.71
Total Common Shares Outstanding	36.41	36.37	34.76	34.72	34.71
Working Capital	13.59	12.5	-234.36	-27.28	1.75
Book Value Per Share	4.64	4.16	14.57	15.66	14.85
Tangible Book Value	169.08	151.27	506.63	543.63	515.6
Tangible Book Value Per Share	4.64	4.16	14.57	15.66	14.85
Machinery	294.45	298.82	998.45	658.03	638.38
Construction In Progress	8.15	0.63	20.89	241.19	61.48

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