TAG Oil 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 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	3.95	6.57	16.44	19.46	13.32	15.91
Cash & Short-Term Investments	3.95	6.57	16.44	19.46	13.32	15.91
Cash Growth	-10.42%	-60.00%	-15.53%	46.13%	-16.31%	-61.70%
Accounts Receivable	0.88	0.96	0.79	-	-	-
Other Receivables	-	-	-	1.03	0.27	0.36
Receivables	0.88	0.96	0.79	1.03	0.27	0.36
Prepaid Expenses	0.27	0.54	0.69	0.22	0.1	-
Restricted Cash	-	0.65	-	-	-	-
Other Current Assets	-	0.83	1.55	2.59	2.21	1.23
Total Current Assets	5.1	9.55	19.46	23.29	15.9	17.5
Property, Plant & Equipment	42.25	43.25	24.57	7.12	0.58	0.11
Long-Term Investments	-	2.16	1.77	2.31	1.61	2.77
Other Long-Term Assets	0.12	0.12	8.11	8.34	0.12	0.12
Total Assets	47.47	55.09	53.91	41.06	18.2	20.5
Accounts Payable	0.61	3.76	5.69	0.63	0.1	0.35
Accrued Expenses	0.7	0.49	1.33	0.95	0.31	0.05
Current Portion of Leases	0.27	0.34	0.21	0.16	0.12	0.07
Total Current Liabilities	1.57	4.59	7.22	1.74	0.53	0.48
Long-Term Leases	0.86	1.15	0.2	0.3	0.45	0.03
Total Liabilities	2.43	5.74	7.43	2.05	0.98	0.51
Common Stock	262.44	262.24	256.57	243.41	219.63	219.59
Retained Earnings	-242.79	-239.51	-233.18	-227.03	-224.02	-220.95
Comprehensive Income & Other	25.38	26.61	23.09	22.63	21.62	21.35
Total Common Equity	45.04	49.35	46.48	39.01	17.23	20
Shareholders' Equity	45.04	49.35	46.48	39.01	17.23	20
Total Liabilities & Equity	47.47	55.09	53.91	41.06	18.2	20.5
Total Debt	1.13	1.49	0.41	0.46	0.57	0.1
Net Cash (Debt)	2.82	5.09	16.03	19	12.74	15.81
Net Cash Growth	-3.91%	-68.26%	-15.65%	49.09%	-19.41%	-61.82%
Net Cash Per Share	0.01	0.03	0.10	0.19	0.14	0.18
Filing Date Shares Outstanding	226.46	226.46	185.12	160.2	91.77	91.77
Total Common Shares Outstanding	226.46	225.21	185.12	155.68	91.77	91.67
Working Capital	3.53	4.96	12.24	21.55	15.37	17.03
Book Value Per Share	0.20	0.22	0.25	0.25	0.19	0.22
Tangible Book Value	45.04	49.35	46.48	39.01	17.23	20
Tangible Book Value Per Share	0.20	0.22	0.25	0.25	0.19	0.22
Machinery	0.22	0.27	0.24	0.36	0.29	0.27

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