Tidewater Renewables 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	-	-	-	0.11	11.38	1.02
Cash & Short-Term Investments	-	-	-	0.11	11.38	1.02
Cash Growth	-	-	-	-99.08%	1013.40%	-
Receivables	31.8	12.3	13.9	7.01	3.91	7.02
Inventory	57.1	51.3	42.2	43.81	24.58	-
Prepaid Expenses	1	0.4	3.4	8.31	0.4	0.47
Other Current Assets	0.4	-	14.3	0.3	14.06	0.54
Total Current Assets	90.3	64	73.8	59.53	54.33	9.06
Property, Plant & Equipment	285.8	291.6	297.2	996.17	898.74	721.93
Long-Term Investments	43.6	39	35.4	31	30.32	-
Long-Term Deferred Tax Assets	-	3	-	-	-	-
Other Long-Term Assets	-	-	-	-	9.93	-
Total Assets	419.7	397.6	406.4	1,087	993.32	730.99
Accounts Payable	29.7	25.2	25	43.28	55.3	1.78
Current Portion of Long-Term Debt	-	-	-	194.97	-	-
Current Portion of Leases	3.5	4.9	7	6.65	6.13	5.54
Current Unearned Revenue	13.6	11.2	-	-	-	-
Other Current Liabilities	10.4	5.1	29.3	48.99	20.18	-
Total Current Liabilities	80	46.4	61.3	293.89	81.61	7.32
Long-Term Debt	172.9	193.4	180.3	132.54	198.36	58.95
Long-Term Leases	0.8	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	0.1	1.7	1.4	20.08	9.9	3.27
Total Liabilities	253.8	242.4	248.7	573.57	443.2	215.4
Common Stock	165.9	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	165.9	155.2	151.2	506.63	543.63	515.6
Minority Interest	-	-	6.5	6.5	6.5	-
Shareholders' Equity	165.9	155.2	157.7	513.13	550.13	515.6
Total Liabilities & Equity	419.7	397.6	406.4	1,087	993.32	730.99
Total Debt	200	199.2	193	345.6	219.37	81.86
Net Cash (Debt)	-200	-199.2	-193	-345.49	-207.99	-80.84
Net Cash Per Share	-5.42	-5.37	-5.47	-9.95	-5.96	-4.06
Filing Date Shares Outstanding	37.04	36.44	36.39	34.8	34.72	34.71
Total Common Shares Outstanding	37.04	36.42	36.37	34.76	34.72	34.71
Working Capital	10.3	17.6	12.5	-234.36	-27.28	1.75
Book Value Per Share	4.48	4.26	4.16	14.57	15.66	14.85
Tangible Book Value	165.9	155.2	151.2	506.63	543.63	515.6
Tangible Book Value Per Share	4.48	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

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