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	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.12	0.04	0.11	11.38	1.02
Cash & Short-Term Investments	0.12	0.04	0.11	11.38	1.02
Cash Growth	-98.99%	-58.09%	-99.08%	1013.40%	-
Receivables	18.5	13.92	7.01	3.91	7.02
Inventory	40.92	42.23	43.81	24.58	-
Prepaid Expenses	6.09	3.37	8.31	0.4	0.47
Other Current Assets	-	14.35	0.3	14.06	0.54
Total Current Assets	65.63	73.9	59.53	54.33	9.06
Property, Plant & Equipment	293.99	297.2	996.17	898.74	721.93
Long-Term Investments	42.07	35.43	31	30.32	-
Other Long-Term Assets	-	-	-	9.93	-
Total Assets	401.69	406.53	1,087	993.32	730.99
Accounts Payable	28.36	25.04	43.28	55.3	1.78
Current Portion of Long-Term Debt	21.5	-	194.97	-	-
Current Portion of Leases	6.98	6.98	6.65	6.13	5.54
Other Current Liabilities	21.83	29.38	48.99	20.18	-
Total Current Liabilities	78.67	61.4	293.89	81.61	7.32
Long-Term Debt	161.04	180.31	132.54	198.36	58.95
Long-Term Leases	4.08	5.69	11.43	14.87	17.38
Long-Term Deferred Tax Liabilities	-	-	115.62	138.45	128.49
Other Long-Term Liabilities	1.39	1.36	20.08	9.9	3.27
Total Liabilities	245.17	248.76	573.57	443.2	215.4
Common Stock	517.61	517.53	513.04	512.58	520.62
Retained Earnings	-364.91	-370.16	-12.31	28.71	2.76
Comprehensive Income & Other	3.83	3.9	5.9	2.34	-7.79
Total Common Equity	156.52	151.27	506.63	543.63	515.6
Minority Interest	-	6.5	6.5	6.5	-
Shareholders' Equity	156.52	157.77	513.13	550.13	515.6
Total Liabilities & Equity	401.69	406.53	1,087	993.32	730.99
Total Debt	193.6	192.98	345.6	219.37	81.86
Net Cash (Debt)	-193.48	-192.94	-345.49	-207.99	-80.84
Net Cash Per Share	-5.42	-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	-13.04	12.5	-234.36	-27.28	1.75
Book Value Per Share	4.30	4.16	14.57	15.66	14.85
Tangible Book Value	156.52	151.27	506.63	543.63	515.6
Tangible Book Value Per Share	4.30	4.16	14.57	15.66	14.85
Machinery	298.73	298.82	998.45	658.03	638.38
Construction In Progress	1.46	0.63	20.89	241.19	61.48

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