Questerre 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	18.79	31.79	35.04	29.59	8.53	10.4
Short-Term Investments	5.65	1.4	1.42	0.97	1.07	0.82
Cash & Short-Term Investments	24.44	33.19	36.46	30.56	9.6	11.22
Cash Growth	-35.08%	-8.95%	19.30%	218.35%	-14.47%	-29.49%
Receivables	9.31	3.24	3.02	4.6	4.02	2.68
Total Current Assets	44.49	36.44	39.47	35.16	13.62	13.91
Property, Plant & Equipment	320.18	129.93	128.4	155.53	155.03	166.94
Long-Term Investments	4.24	4.36	4.47	5.8	7.97	7.98
Long-Term Deferred Tax Assets	8.9	-	-	-	-	-
Other Long-Term Assets	1.26	-	-	-	7.66	7.36
Total Assets	384.85	170.72	172.35	196.49	184.26	196.18
Accounts Payable	38.15	12.5	9.39	10.63	8.36	6.19
Short-Term Debt	-	0.05	0.04	0.03	3.42	15.43
Current Portion of Leases	1.27	0.06	0.06	0.06	0.05	0.05
Other Current Liabilities	26.6	0.8	0.18	0.48	-	-
Total Current Liabilities	83.55	13.4	9.67	11.21	11.83	21.66
Long-Term Leases	0.53	0.08	0.13	0.19	0.16	0.21
Other Long-Term Liabilities	58.66	18.61	18.88	18.96	23.32	22.19
Total Liabilities	249.8	32.09	28.68	30.36	35.3	44.06
Common Stock	429.88	429.88	429.88	429.88	429.88	429.7
Additional Paid-In Capital	30.16	29.28	27.91	26.3	24.07	23.05
Retained Earnings	-327.44	-321.43	-314.1	-290.39	-304.46	-300.16
Comprehensive Income & Other	2.45	0.9	-0.02	0.34	-0.53	-0.47
Shareholders' Equity	135.05	138.63	143.67	166.13	148.96	152.12
Total Liabilities & Equity	384.85	170.72	172.35	196.49	184.26	196.18
Total Debt	108.87	0.19	0.23	0.28	3.63	15.68
Net Cash (Debt)	-84.43	33.01	36.23	30.28	5.97	-4.46
Net Cash Growth	-	-8.90%	19.67%	406.95%	-	-
Net Cash Per Share	-0.20	0.08	0.08	0.07	0.01	-0.01
Filing Date Shares Outstanding	428.52	428.52	428.52	428.52	428.52	427.52
Total Common Shares Outstanding	428.52	428.52	428.52	428.52	428.52	427.52
Working Capital	-39.06	23.04	29.81	23.95	1.78	-7.76
Book Value Per Share	0.32	0.32	0.34	0.39	0.35	0.36
Tangible Book Value	129.26	138.63	143.67	166.13	148.96	152.12
Tangible Book Value Per Share	0.30	0.32	0.34	0.39	0.35	0.36

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