Tidewater Renewables 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.2	0.04	0.11	11.38	1.02
Cash & Short-Term Investments	0.2	0.04	0.11	11.38	1.02
Cash Growth	-89.75%	-58.09%	-99.08%	1013.40%	-
Receivables	14.12	13.92	7.01	3.91	7.02
Inventory	35.78	42.23	43.81	24.58	-
Prepaid Expenses	12.24	3.37	8.31	0.4	0.47
Other Current Assets	-	14.35	0.3	14.06	0.54
Total Current Assets	62.35	73.9	59.53	54.33	9.06
Property, Plant & Equipment	291.33	297.2	996.17	898.74	721.93
Long-Term Investments	43.54	35.43	31	30.32	-
Other Long-Term Assets	-	-	-	9.93	-
Total Assets	397.22	406.53	1,087	993.32	730.99
Accounts Payable	16.52	25.04	43.28	55.3	1.78
Current Portion of Long-Term Debt	-	-	194.97	-	-
Current Portion of Leases	6.62	6.98	6.65	6.13	5.54
Other Current Liabilities	8.97	29.38	48.99	20.18	-
Total Current Liabilities	41.09	61.4	293.89	81.61	7.32
Long-Term Debt	182.4	180.31	132.54	198.36	58.95
Long-Term Leases	2.33	5.69	11.43	14.87	17.38
Long-Term Deferred Tax Liabilities	-	-	115.62	138.45	128.49
Other Long-Term Liabilities	1.41	1.36	20.08	9.9	3.27
Total Liabilities	227.23	248.76	573.57	443.2	215.4
Common Stock	517.62	517.53	513.04	512.58	520.62
Retained Earnings	-351.88	-370.16	-12.31	28.71	2.76
Comprehensive Income & Other	4.24	3.9	5.9	2.34	-7.79
Total Common Equity	169.99	151.27	506.63	543.63	515.6
Minority Interest	-	6.5	6.5	6.5	-
Shareholders' Equity	169.99	157.77	513.13	550.13	515.6
Total Liabilities & Equity	397.22	406.53	1,087	993.32	730.99
Total Debt	191.35	192.98	345.6	219.37	81.86
Net Cash (Debt)	-191.15	-192.94	-345.49	-207.99	-80.84
Net Cash Per Share	-5.30	-5.47	-9.95	-5.96	-4.06
Filing Date Shares Outstanding	36.41	36.39	34.8	34.72	34.71
Total Common Shares Outstanding	36.41	36.37	34.76	34.72	34.71
Working Capital	21.26	12.5	-234.36	-27.28	1.75
Book Value Per Share	4.67	4.16	14.57	15.66	14.85
Tangible Book Value	169.99	151.27	506.63	543.63	515.6
Tangible Book Value Per Share	4.67	4.16	14.57	15.66	14.85
Machinery	298.73	298.82	998.45	658.03	638.38
Construction In Progress	2.67	0.63	20.89	241.19	61.48

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