Solar Alliance 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	0.03	0.01	0.7	0.65	2.17	0
Accounts Receivable	0.58	0.72	0.73	0.37	0.6	0.07
Other Receivables	-	-	-	-	-	0.31
Inventory	-	-	0.1	0.17	0.06	0.15
Prepaid Expenses	0.15	0.14	0.01	0.02	0.01	0
Restricted Cash	-	-	-	0.47	-	-
Total Current Assets	0.76	0.87	1.54	1.69	2.83	0.54
Property, Plant & Equipment	0.07	0.08	0.08	1.95	0.09	0.01
Long-Term Deferred Charges	-	-	-	-	0.07	-
Other Long-Term Assets	0.04	0.05	0.04	0.06	0.06	0.03
Total Assets	0.87	1	1.67	3.7	3.06	0.58
Accounts Payable	4.39	3.24	3.53	2.68	1.91	3.48
Accrued Expenses	-	-	-	0.07	-	0.67
Short-Term Debt	0.34	0.23	0.14	1.56	-	0.9
Current Unearned Revenue	0.19	0.1	0.61	0.4	0.05	0.17
Current Portion of Leases	-	-	-	-	-	0.01
Other Current Liabilities	0.09	0.09	0.09	0.09	0.03	0.77
Total Current Liabilities	5.01	3.66	4.37	4.79	1.99	6
Other Long-Term Liabilities	0.12	0.12	0.12	0.35	0.16	0.33
Total Liabilities	5.13	3.78	4.48	5.14	2.15	6.33
Common Stock	49.23	49.23	48.58	48.58	48.58	43.76
Retained Earnings	-70.71	-69.55	-68.87	-67.06	-64.31	-63.86
Comprehensive Income & Other	17.22	17.54	17.48	17.04	16.64	14.35
Shareholders' Equity	-4.27	-2.79	-2.81	-1.44	0.9	-5.75
Total Liabilities & Equity	0.87	1	1.67	3.7	3.06	0.58
Total Debt	0.34	0.23	0.14	1.56	-	0.91
Net Cash (Debt)	-0.31	-0.22	0.57	-0.91	2.17	-0.91
Net Cash Per Share	-0.00	-0.00	0.00	-0.00	0.01	-0.00
Filing Date Shares Outstanding	295.19	295.19	274.98	274.98	274.98	261.29
Total Common Shares Outstanding	295.19	295.19	274.98	274.98	274.98	233.11
Working Capital	-4.25	-2.79	-2.82	-3.1	0.84	-5.46
Book Value Per Share	-0.01	-0.01	-0.01	-0.01	0.00	-0.02
Tangible Book Value	-4.27	-2.79	-2.81	-1.44	0.9	-5.75
Tangible Book Value Per Share	-0.01	-0.01	-0.01	-0.01	0.00	-0.02
Machinery	0.29	0.29	0.27	0.22	0.21	0.1
Construction In Progress	-	-	-	1.88	-	-

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