Pine Cliff 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	-	-	-	54.43	6.87	7.88
Short-Term Investments	-	-	0.21	0.17	-	-
Cash & Short-Term Investments	-	-	0.21	54.6	6.87	7.88
Cash Growth	-	-	-99.62%	694.28%	-12.74%	-9.04%
Receivables	17.66	23.7	23.66	27.19	21.61	14.86
Prepaid Expenses	5.91	5.72	7.32	3.77	3.45	2.48
Total Current Assets	23.91	29.42	31.19	85.55	31.93	25.23
Property, Plant & Equipment	261.45	302.45	402.3	252.46	296.42	263.67
Long-Term Deferred Tax Assets	53.32	49.38	43.59	37.04	50.64	-
Total Assets	338.68	381.25	477.07	375.05	379	288.9
Accounts Payable	36.27	35.24	43.84	29.64	39.59	27.28
Short-Term Debt	3.66	7.36	4	-	-	-
Current Portion of Long-Term Debt	4.22	11.36	8.44	-	-	-
Current Portion of Leases	1.37	1.29	1.12	1	1.05	1.12
Other Current Liabilities	7.96	7.5	7.1	6.9	3.9	1.5
Total Current Liabilities	53.47	62.74	64.5	37.54	44.54	29.9
Long-Term Debt	38.04	37.8	46.58	-	41.9	60.75
Long-Term Leases	1.65	2.03	2	2.3	2.62	2.07
Other Long-Term Liabilities	213.02	224.37	264.07	201.49	244.52	233.51
Total Liabilities	306.16	326.93	377.14	241.33	333.58	326.22
Common Stock	279.27	278.98	278.62	277.65	275.77	274.96
Additional Paid-In Capital	23.27	21.42	18.75	16.62	15.4	14.54
Retained Earnings	-269.77	-245.83	-197.22	-160.32	-245.69	-327.11
Comprehensive Income & Other	-0.25	-0.25	-0.22	-0.22	-0.06	0.29
Shareholders' Equity	32.52	54.32	99.93	133.73	45.42	-37.32
Total Liabilities & Equity	338.68	381.25	477.07	375.05	379	288.9
Total Debt	48.92	59.82	62.14	3.3	45.57	63.94
Net Cash (Debt)	-48.92	-59.82	-61.93	51.3	-38.7	-56.06
Net Cash Per Share	-0.14	-0.17	-0.17	0.14	-0.11	-0.17
Filing Date Shares Outstanding	358.79	358.23	356.31	351.3	341.01	335.6
Total Common Shares Outstanding	358.79	358.1	356.3	350.91	339.54	335.28
Working Capital	-29.55	-33.31	-33.32	48.01	-12.6	-4.67
Book Value Per Share	0.09	0.15	0.28	0.38	0.13	-0.11
Tangible Book Value	32.52	54.32	99.93	133.73	45.42	-37.32
Tangible Book Value Per Share	0.09	0.15	0.28	0.38	0.13	-0.11

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