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
Accounts Receivable	1,825	1,493	1,669	1,549	1,759	1,269
Other Receivables	-	-	-	78	-	-
Inventory	643	649	685	566	661	478
Prepaid Expenses	189	179	182	150	146	116
Other Current Assets	1,091	1,117	1,040	1,057	1,494	734
Total Current Assets	4,107	3,805	3,796	4,025	4,269	2,728
Property, Plant & Equipment	52,209	50,946	49,520	43,436	41,706	37,856
Regulatory Assets	4,112	4,107	3,808	3,518	3,095	3,097
Goodwill	12,682	12,527	13,112	12,184	12,464	11,720
Other Intangible Assets	1,742	1,723	1,661	1,510	1,548	1,343
Long-Term Investments	-	461	484	417	316	178
Other Long-Term Assets	1,862	1,261	1,105	830	854	737
Total Assets	76,714	74,830	73,486	65,920	64,252	57,659
Accounts Payable	3,764	1,148	1,121	990	886	774
Accrued Expenses	-	1,171	1,162	1,077	1,346	1,034
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
Current Portion of Leases	-	21	21	15	11	12
Current Income Taxes Payable	-	24	33	-	88	31
Other Current Liabilities	418	1,591	1,611	1,467	1,552	1,076
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	392	390	378	370	365
Pension & Post-Retirement Benefits	-	429	446	527	423	740
Long-Term Deferred Tax Liabilities	5,398	5,292	5,020	4,399	4,060	3,627
Other Long-Term Liabilities	5,237	4,612	4,517	4,085	4,009	3,502
Total Liabilities	50,228	48,961	47,633	42,588	41,410	36,743
Preferred Stock, Redeemable	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
Retained Earnings	5,144	4,969	4,521	4,112	3,733	3,458
Comprehensive Income & Other	1,363	1,101	2,067	653	1,008	-40
Total Common Equity	22,759	22,187	22,185	19,882	19,407	17,665
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	34,694	33,723	30,043	29,046	25,959
Net Cash (Debt)	-35,052	-34,327	-33,503	-29,418	-28,837	-25,828
Net Cash Per Share	-69.32	-68.15	-67.66	-60.47	-60.20	-54.79
Filing Date Shares Outstanding	509.1	507.4	499.3	490.6	482.15	474.9
Total Common Shares Outstanding	509.1	507.34	499.3	490.59	482.15	474.76
Working Capital	-4,351	-3,708	-2,240	-1,939	-2,348	-2,074
Book Value Per Share	44.70	43.73	44.43	40.53	40.25	37.21
Tangible Book Value	8,335	7,937	7,412	6,188	5,395	4,602
Tangible Book Value Per Share	16.37	15.64	14.84	12.61	11.19	9.69
Land	-	465	490	435	395	339
Machinery	-	58,120	56,996	50,863	48,875	44,730
Construction In Progress	-	3,886	3,578	2,581	2,094	1,759

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