MEG 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	130	156	160	192	361	114
Short-Term Investments	61	19	14	13	14	15
Cash & Short-Term Investments	191	175	174	205	375	129
Cash Growth	6.70%	0.57%	-15.12%	-45.33%	190.70%	-42.41%
Receivables	420	421	451	475	482	263
Inventory	294	258	235	185	157	96
Other Current Assets	-	-	2	78	36	9
Total Current Assets	905	854	862	943	1,050	497
Property, Plant & Equipment	5,860	5,684	5,811	5,889	6,004	6,118
Other Intangible Assets	3	3	3	4	5	7
Long-Term Accounts Receivable	6	7	8	10	12	15
Long-Term Deferred Tax Assets	-	-	-	-	296	382
Long-Term Deferred Charges	6	7	8	8	8	8
Other Long-Term Assets	200	189	206	179	218	197
Total Assets	6,980	6,744	6,898	7,033	7,593	7,224
Accounts Payable	434	455	475	473	455	269
Accrued Expenses	30	38	55	144	125	88
Current Portion of Long-Term Debt	-	-	-	3	285	-
Current Portion of Leases	16	16	15	17	22	28
Other Current Liabilities	44	45	39	17	12	57
Total Current Liabilities	524	554	584	654	899	442
Long-Term Debt	829	858	1,124	1,578	2,477	2,912
Long-Term Leases	218	231	244	227	244	258
Long-Term Deferred Tax Liabilities	481	362	177	24	-	-
Other Long-Term Liabilities	169	186	242	167	165	106
Total Liabilities	2,221	2,191	2,371	2,650	3,785	3,718
Common Stock	4,472	4,571	4,845	5,164	5,486	5,460
Additional Paid-In Capital	175	176	180	169	172	177
Retained Earnings	70	-242	-531	-988	-1,875	-2,158
Comprehensive Income & Other	42	48	33	38	25	27
Shareholders' Equity	4,759	4,553	4,527	4,383	3,808	3,506
Total Liabilities & Equity	6,980	6,744	6,898	7,033	7,593	7,224
Total Debt	1,063	1,105	1,383	1,825	3,028	3,198
Net Cash (Debt)	-872	-930	-1,209	-1,620	-2,653	-3,069
Net Cash Per Share	-3.39	-3.44	-4.20	-5.24	-8.53	-10.16
Filing Date Shares Outstanding	214.24	256.8	272.1	287.8	307	302.68
Total Common Shares Outstanding	254.38	260.15	274.64	291.08	306.87	302.68
Working Capital	381	300	278	289	151	55
Book Value Per Share	18.71	17.50	16.48	15.06	12.41	11.58
Tangible Book Value	4,756	4,550	4,524	4,379	3,803	3,499
Tangible Book Value Per Share	18.70	17.49	16.47	15.04	12.39	11.56
Machinery	-	-	-	-	47	88

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.