Tidewater Renewables Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-	-	0.11	11.38	1.02
Cash & Short-Term Investments	-	-	0.11	11.38	1.02
Cash Growth	-	-	-99.08%	1013.40%	-
Receivables	12.3	13.9	7.01	3.91	7.02
Inventory	51.3	42.2	43.81	24.58	-
Prepaid Expenses	0.4	3.4	8.31	0.4	0.47
Other Current Assets	-	14.3	0.3	14.06	0.54
Total Current Assets	64	73.8	59.53	54.33	9.06
Property, Plant & Equipment	291.6	297.2	996.17	898.74	721.93
Long-Term Investments	39	35.4	31	30.32	-
Long-Term Deferred Tax Assets	3	-	-	-	-
Other Long-Term Assets	-	-	-	9.93	-
Total Assets	397.6	406.4	1,087	993.32	730.99
Accounts Payable	25.2	25	43.28	55.3	1.78
Current Portion of Long-Term Debt	-	-	194.97	-	-
Current Portion of Leases	4.9	7	6.65	6.13	5.54
Current Unearned Revenue	11.2	-	-	-	-
Other Current Liabilities	5.1	29.3	48.99	20.18	-
Total Current Liabilities	46.4	61.3	293.89	81.61	7.32
Long-Term Debt	193.4	180.3	132.54	198.36	58.95
Long-Term Leases	0.9	5.7	11.43	14.87	17.38
Long-Term Deferred Tax Liabilities	-	-	115.62	138.45	128.49
Other Long-Term Liabilities	1.7	1.4	20.08	9.9	3.27
Total Liabilities	242.4	248.7	573.57	443.2	215.4
Common Stock	517.6	517.5	513.04	512.58	520.62
Retained Earnings	-366.7	-370.2	-12.31	28.71	2.76
Comprehensive Income & Other	4.3	3.9	5.9	2.34	-7.79
Total Common Equity	155.2	151.2	506.63	543.63	515.6
Minority Interest	-	6.5	6.5	6.5	-
Shareholders' Equity	155.2	157.7	513.13	550.13	515.6
Total Liabilities & Equity	397.6	406.4	1,087	993.32	730.99
Total Debt	199.2	193	345.6	219.37	81.86
Net Cash (Debt)	-199.2	-193	-345.49	-207.99	-80.84
Net Cash Per Share	-5.37	-5.47	-9.95	-5.96	-4.06
Filing Date Shares Outstanding	36.44	36.39	34.8	34.72	34.71
Total Common Shares Outstanding	36.42	36.37	34.76	34.72	34.71
Working Capital	17.6	12.5	-234.36	-27.28	1.75
Book Value Per Share	4.26	4.16	14.57	15.66	14.85
Tangible Book Value	155.2	151.2	506.63	543.63	515.6
Tangible Book Value Per Share	4.26	4.16	14.57	15.66	14.85
Machinery	303.8	298.8	998.45	658.03	638.38
Construction In Progress	3.2	0.6	20.89	241.19	61.48

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.