Fortis 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	359	367	220	625	209	131
Cash & Short-Term Investments	359	367	220	625	209	131
Cash Growth	-29.61%	66.82%	-64.80%	199.04%	59.54%	-47.39%
Accounts Receivable	1,825	1,695	1,886	1,818	2,339	1,511
Inventory	643	649	685	566	661	478
Short-Term Regulatory Assets	1,091	915	823	866	914	492
Other Current Assets	189	179	182	150	146	116
Total Current Assets	4,107	3,805	3,796	4,025	4,269	2,728
Net Property, Plant & Equipment	52,209	50,886	49,456	43,385	41,663	37,816
Other Intangible Assets	1,742	1,723	1,661	1,510	1,548	1,343
Goodwill	12,682	12,527	13,112	12,184	12,464	11,720
Long-Term Regulatory Assets	4,112	4,107	3,808	3,518	3,095	3,097
Other Long-Term Assets	1,862	1,782	1,653	1,298	1,213	955
Total Assets	76,714	74,830	73,486	65,920	64,252	57,659
Accounts Payable	3,764	3,503	3,353	2,972	3,288	2,570
Short-Term Debt	584	412	98	119	253	247
Current Portion of Long-Term Debt	3,692	3,146	1,990	2,296	2,481	1,628
Short-Term Regulatory Liabilities	418	452	595	577	595	357
Total Current Liabilities	8,458	7,513	6,036	5,964	6,617	4,802
Long-Term Debt	30,779	30,723	31,224	27,235	25,931	23,707
Long-Term Leases	356	348	343	339	336	333
Long-Term Regulatory Liabilities	3,872	3,810	3,696	3,381	3,320	2,865
Other Long-Term Liabilities	6,763	6,567	6,334	5,669	5,206	5,036
Total Long-Term Liabilities	41,770	41,448	41,597	36,624	34,793	31,941
Total Liabilities	50,228	48,961	47,633	42,588	41,410	36,743
Preferred Stock	1,623	1,623	1,623	1,623	1,623	1,623
Common Stock	16,247	16,112	15,589	15,108	14,656	14,237
Additional Paid-in Capital	5	5	8	9	10	10
Accumulated Other Comprehensive Income	1,363	1,101	2,067	653	1,008	-40
Retained Earnings	5,144	4,969	4,521	4,112	3,733	3,458
Total Common Shareholders' Equity	24,382	23,810	23,808	21,505	21,030	19,288
Minority Interest	2,104	2,059	2,045	1,827	1,812	1,628
Shareholders' Equity	26,486	25,869	25,853	23,332	22,842	20,916
Total Liabilities & Equity	76,714	74,830	73,486	65,920	64,252	57,659
Total Debt	35,411	34,629	33,655	29,989	29,001	25,915
Net Cash (Debt)	-35,052	-34,262	-33,435	-29,364	-28,792	-25,784
Net Cash Per Share	-69.32	-68.02	-67.52	-60.36	-60.11	-54.70
Book Value	24,382	23,810	23,808	21,505	21,030	19,288
Book Value Per Share	48.22	47.27	48.08	44.20	43.90	40.92
Tangible Book Value	9,958	9,560	9,035	7,811	7,018	6,225
Tangible Book Value Per Share	19.69	18.98	18.25	16.06	14.65	13.21

Updated May 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.