Cardinal 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
Short-Term Investments	6.93	4.88	4.09	3.73	3.51	2.88
Cash & Short-Term Investments	6.93	4.88	4.09	3.73	3.51	2.88
Cash Growth	-4.14%	19.21%	9.65%	6.33%	22.05%	2.94%
Receivables	48.34	61.36	53.24	64.04	51.47	29.26
Other Current Assets	1.05	-	0.1	1.53	-	1.51
Total Current Assets	56.31	66.24	57.44	69.31	54.98	33.64
Property, Plant & Equipment	1,347	1,231	1,130	1,076	1,021	715.49
Long-Term Deferred Tax Assets	-	-	-	9.77	-	-
Other Long-Term Assets	0.03	-	-	-	-	-
Total Assets	1,403	1,297	1,188	1,155	1,076	749.13
Accounts Payable	96.53	109.39	86.06	89.16	78.22	42.42
Current Portion of Leases	1.85	1.71	1.37	1.49	1.37	1.69
Other Current Liabilities	18.15	16.74	19.08	18.58	5.48	15.23
Total Current Liabilities	116.54	127.84	106.52	109.23	85.07	59.33
Long-Term Debt	210.8	85.61	44.92	31.28	154.96	235.22
Long-Term Leases	2.92	2.99	3.81	3	1.26	2.23
Long-Term Deferred Tax Liabilities	71.84	56.24	22.62	-	-	-
Other Long-Term Liabilities	110.14	106.04	89.3	86.14	115.31	79.51
Total Liabilities	512.23	378.72	267.16	229.64	356.6	376.29
Common Stock	1,126	1,115	1,114	1,104	1,103	1,054
Additional Paid-In Capital	10.32	13.38	16.24	25.16	33.19	33.5
Retained Earnings	-242.8	-206.43	-199.33	-187.12	-428.95	-713.36
Treasury Stock	-3.41	-3.65	-10.52	-16.97	-4.08	-3.04
Comprehensive Income & Other	1.05	-	-	-	16.22	1.58
Shareholders' Equity	890.76	918.26	920.69	925.37	719.23	372.85
Total Liabilities & Equity	1,403	1,297	1,188	1,155	1,076	749.13
Total Debt	215.57	90.31	50.1	35.77	157.59	239.13
Net Cash (Debt)	-208.65	-85.43	-46.01	-32.04	-154.08	-236.26
Net Cash Per Share	-1.29	-0.53	-0.29	-0.20	-1.00	-2.08
Filing Date Shares Outstanding	160.58	159.16	158.1	155.76	149.59	143.86
Total Common Shares Outstanding	160.58	159.2	158.1	155.76	150.44	121.35
Working Capital	-60.23	-61.6	-49.08	-39.92	-30.09	-25.69
Book Value Per Share	5.55	5.77	5.82	5.94	4.78	3.07
Tangible Book Value	890.76	918.26	920.69	925.37	719.23	372.85
Tangible Book Value Per Share	5.55	5.77	5.82	5.94	4.78	3.07

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