SolarBank Balance Sheet

Financials in millions CAD. Fiscal year is July - June.

Millions CAD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	13.76	5.27	0.75	0.93	1.4
Short-Term Investments	1.02	0.92	6.55	-	-
Cash & Short-Term Investments	14.78	6.19	7.3	0.93	1.4
Cash Growth	-41.20%	-15.19%	683.22%	-33.43%	-
Accounts Receivable	7.72	1.46	10.92	1.86	5.63
Other Receivables	2.2	0.32	0.32	0.34	0.54
Receivables	9.91	1.78	11.24	2.2	6.18
Inventory	7.56	6.53	0.45	0.2	0.59
Prepaid Expenses	0.63	0.57	0.95	0.04	0.02
Restricted Cash	-	-	-	-	0.04
Other Current Assets	0.75	2.56	2.11	5.62	2.02
Total Current Assets	33.63	17.63	22.05	8.98	10.25
Property, Plant & Equipment	46.19	4.54	1.09	0.21	0.03
Long-Term Investments	0.69	5.31	0.72	-	-
Goodwill	37.59	0.44	-	-	-
Other Intangible Assets	35.05	2	-	-	-
Long-Term Deferred Charges	31.05	8.91	1.11	-	-
Other Long-Term Assets	1.14	0.4	-	-	-
Total Assets	185.34	39.23	24.97	9.19	10.28
Accounts Payable	13.14	3	1.54	1.95	2.81
Short-Term Debt	5.88	1.31	-	0.57	1.51
Current Portion of Long-Term Debt	4.97	0.45	0.15	0.11	0.02
Current Portion of Leases	0.61	0.15	0.04	0.05	-
Current Income Taxes Payable	0.91	2.11	0.93	0.02	0.04
Current Unearned Revenue	2.79	4.6	1.15	0.02	-
Other Current Liabilities	1.79	1.77	3.26	0.65	0.36
Total Current Liabilities	34.74	13.39	7.08	3.37	4.73
Long-Term Debt	58.01	4.38	0.76	1.23	1.02
Long-Term Leases	7.3	0.99	0.13	0.15	-
Long-Term Deferred Tax Liabilities	14.92	1.07	-	0	0.12
Other Long-Term Liabilities	7.52	0.67	0.37	-	-
Total Liabilities	122.5	20.5	8.34	4.75	5.87
Common Stock	38.92	9.03	6.86	0	0
Additional Paid-In Capital	3.65	4.06	3	-	-
Retained Earnings	3.11	3.18	6.65	4.41	4.6
Comprehensive Income & Other	0.78	0.1	-0.12	0.07	-0.15
Total Common Equity	46.45	16.36	16.39	4.49	4.45
Minority Interest	16.4	2.36	0.24	-0.04	-0.04
Shareholders' Equity	62.85	18.72	16.63	4.44	4.41
Total Liabilities & Equity	185.34	39.23	24.97	9.19	10.28
Total Debt	76.77	7.28	1.08	2.11	2.55
Net Cash (Debt)	-61.99	-1.09	6.22	-1.18	-1.15
Net Cash Per Share	-2.14	-0.04	0.17	-0.07	-0.07
Filing Date Shares Outstanding	31.81	30.82	26.86	16	16
Total Common Shares Outstanding	31.07	27.19	26.8	16	16
Working Capital	-1.11	4.24	14.96	5.62	5.52
Book Value Per Share	1.50	0.60	0.61	0.28	0.28
Tangible Book Value	-26.18	13.92	16.39	4.49	4.45
Tangible Book Value Per Share	-0.84	0.51	0.61	0.28	0.28
Machinery	0.04	0.11	0.07	0.14	0.13
Leasehold Improvements	-	-	-	-	0.01

Source: S&P Capital IQ. Standard template. Financial Sources.