Boralex Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	375	292	592	478	361	256
Cash & Short-Term Investments	375	292	592	478	361	256
Cash Growth	-3.35%	-50.68%	23.85%	32.41%	41.02%	-6.91%
Accounts Receivable	249	245	264	236	234	148
Other Current Assets	102	119	67	57	43	56
Total Current Assets	726	656	923	771	638	460
Net Property, Plant & Equipment	4,679	4,664	4,446	3,725	3,675	3,634
Other Intangible Assets	945	951	963	986	1,059	1,147
Goodwill	245	246	237	234	233	218
Long-Term Investments	853	849	766	737	536	107
Other Long-Term Assets	297	282	269	121	398	185
Total Assets	7,745	7,648	7,604	6,574	6,539	5,751
Accounts Payable	289	242	590	405	377	145
Short-Term Debt	18	-	5	6	12	-
Current Portion of Long-Term Debt	233	232	339	271	404	220
Current Portion of Leases	23	23	22	20	18	16
Other Current Liabilities	22	13	9	13	10	14
Total Current Liabilities	585	510	965	715	821	395
Long-Term Debt	4,127	4,080	3,617	2,995	2,873	3,383
Long-Term Leases	320	324	318	327	300	290
Other Long-Term Liabilities	727	743	679	513	519	472
Total Long-Term Liabilities	5,174	5,147	4,614	3,835	3,692	4,145
Total Liabilities	5,759	5,657	5,579	4,550	4,513	4,540
Total Common Shareholders' Equity	1,523	1,542	1,601	1,629	1,681	1,001
Minority Interest	463	449	424	395	345	210
Shareholders' Equity	1,986	1,991	2,025	2,024	2,026	1,211
Total Liabilities & Equity	7,745	7,648	7,604	6,574	6,539	5,751
Total Debt	4,721	4,659	4,301	3,619	3,607	3,909
Net Cash (Debt)	-4,346	-4,367	-3,709	-3,141	-3,246	-3,653
Net Cash Per Share	-42.10	-42.49	-36.08	-30.60	-32.46	-34.38
Book Value	1,523	1,542	1,601	1,629	1,681	1,001
Book Value Per Share	14.75	15.00	15.57	15.87	16.81	9.42
Tangible Book Value	333	345	401	409	389	-364
Tangible Book Value Per Share	3.23	3.36	3.90	3.99	3.89	-3.43