Solar Alliance Energy Income Statement

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
Revenue	4.47	5.45	7.47	4.83	3.67	3.5
Revenue Growth (YoY)	-25.00%	-27.12%	54.87%	31.63%	4.73%	58.86%
Selling, General & Admin	1.1	1.25	1.32	1.95	1.28	0.9
Depreciation & Amortization	0.02	0.02	0.04	0.03	0.03	0.05
Provision for Bad Debts	0.2	0.2	-	-	0.07	-
Other Operating Expenses	5.11	5.27	7.79	6.69	4.82	3.72
Total Operating Expenses	6.42	6.75	9.44	8.66	6.2	4.67
Operating Income	-1.96	-1.3	-1.97	-3.84	-2.53	-1.17
Interest Expense	0	-	-	-0.05	-0.05	-0.15
Interest Income	-	-	-	0.01	0.08	0.03
Net Interest Expense	0	-	-	-0.04	0.03	-0.13
Currency Exchange Gain (Loss)	0.23	0.25	-0.16	0.43	-0.2	-0.18
Other Non-Operating Income (Expenses)	-0.25	-0.04	0.19	0.02	0.23	-
EBT Excluding Unusual Items	-1.97	-1.09	-1.94	-3.43	-2.47	-1.48
Gain (Loss) on Sale of Assets	-	-	-0.52	-	-	-
Other Unusual Items	0.41	0.41	0.65	0.69	2.02	0.11
Pretax Income	-1.57	-0.68	-1.81	-2.75	-0.45	-1.37
Net Income	-1.57	-0.68	-1.81	-2.75	-0.45	-1.37
Net Income to Common	-1.57	-0.68	-1.81	-2.75	-0.45	-1.37
Shares Outstanding (Basic)	293	295	275	275	270	224
Shares Outstanding (Diluted)	293	295	275	275	270	224
Shares Change (YoY)	0.54%	7.35%	-	1.91%	20.58%	12.56%
EPS (Basic)	-0.01	-0.00	-0.01	-0.01	-0.00	-0.01
EPS (Diluted)	-0.01	-0.00	-0.01	-0.01	-0.00	-0.01
Free Cash Flow	-0.13	-1.85	-0.06	-2.17	-3.74	-0.38
Free Cash Flow Per Share	-	-0.01	-	-0.01	-0.01	-0.00
Profit Margin	-35.09%	-12.56%	-24.24%	-56.92%	-12.24%	-39.15%
Free Cash Flow Margin	-3.02%	-33.99%	-0.83%	-45.03%	-102.00%	-10.85%
EBITDA	-1.94	-1.28	-1.93	-3.81	-2.52	-1.16
EBITDA Margin	-43.47%	-23.42%	-25.82%	-78.90%	-68.61%	-33.11%
D&A For EBITDA	0.02	0.02	0.04	0.03	0.02	0.02
EBIT	-1.96	-1.3	-1.97	-3.84	-2.53	-1.17
EBIT Margin	-43.81%	-23.87%	-26.32%	-79.55%	-69.13%	-33.54%

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