Precision Drilling 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	85.78	73.77	54.18	21.59	40.59
Cash & Short-Term Investments	85.78	73.77	54.18	21.59	40.59
Cash Growth	16.28%	36.15%	150.99%	-46.81%	-62.69%
Accounts Receivable	274.36	296.68	334.5	322.78	179.63
Receivables	274.36	296.68	334.5	322.78	179.63
Inventory	48.99	43.3	35.27	35.16	23.43
Prepaid Expenses	77.78	82.03	86.92	91.15	76.11
Other Current Assets	-	5.5	-	-	-
Total Current Assets	486.92	501.28	510.88	470.67	319.76
Property, Plant & Equipment	2,216	2,422	2,402	2,363	2,310
Long-Term Investments	7.57	8.46	9.97	20.45	7.38
Other Intangible Assets	9.47	13	16.47	18.17	21.85
Long-Term Accounts Receivable	4.47	4.81	5	-	-
Long-Term Deferred Tax Assets	2.24	6.56	73.66	0.46	0.87
Long-Term Deferred Charges	-	-	0.84	1.41	2.07
Other Long-Term Assets	-	-	0.68	1.6	-
Total Assets	2,727	2,956	3,019	2,876	2,662
Accounts Payable	120.4	113.34	151.35	136.36	90.75
Accrued Expenses	99.85	130.68	138.35	153.93	133.37
Current Portion of Long-Term Debt	-	-	2.85	2.29	2.22
Current Portion of Leases	17.78	20.56	17.39	12.7	10.94
Current Income Taxes Payable	1.67	3.78	3.03	2.99	0.84
Current Unearned Revenue	26.8	36.16	46.06	-	-
Other Current Liabilities	33.61	34.18	14.99	101.76	-
Total Current Liabilities	300.1	338.69	374.01	410.03	238.12
Long-Term Debt	679.29	812.47	914.83	1,086	1,107
Long-Term Leases	47.17	54.57	57.12	52.98	45.82
Long-Term Deferred Tax Liabilities	90.76	47.45	73.52	28.95	12.22
Other Long-Term Liabilities	20.48	21.14	23.9	67.67	33.24
Total Liabilities	1,138	1,274	1,443	1,646	1,436
Common Stock	2,239	2,302	2,365	2,300	2,281
Additional Paid-In Capital	79.27	77.56	75.09	72.56	76.31
Retained Earnings	-898.99	-900.83	-1,012	-1,301	-1,267
Comprehensive Income & Other	165.02	199.02	147.48	159.71	134.78
Total Common Equity	1,584	1,677	1,576	1,231	1,226
Minority Interest	4.82	4.53	-	-	-
Shareholders' Equity	1,589	1,682	1,576	1,231	1,226
Total Liabilities & Equity	2,727	2,956	3,019	2,876	2,662
Total Debt	744.24	887.59	992.19	1,154	1,166
Net Cash (Debt)	-658.46	-813.82	-938.01	-1,132	-1,125
Net Cash Per Share	-49.36	-57.17	-61.36	-83.59	-84.51
Filing Date Shares Outstanding	12.95	13.64	14.48	13.77	13.57
Total Common Shares Outstanding	12.93	13.78	14.34	13.56	13.3
Working Capital	186.82	162.59	136.87	60.64	81.64
Book Value Per Share	122.49	121.74	109.91	90.76	92.12
Tangible Book Value	1,575	1,664	1,559	1,212	1,204
Tangible Book Value Per Share	121.76	120.79	108.76	89.42	90.47
Land	28.96	36.85	43.24	32.59	31.42
Buildings	116.76	126.64	124.83	114.32	119.52
Machinery	6,648	7,047	6,624	6,642	6,285
Construction In Progress	142.26	133.54	126.87	117.54	67.88

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