Polaris Renewable Energy Balance Sheet

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

Millions USD. 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	88.62	213.31	40.05	35.33	97.93
Accounts Receivable	11.41	11.28	10.63	11.24	9.42
Other Receivables	-	2.12	1.57	1.2	1.41
Prepaid Expenses	3.23	1.19	0.92	0.99	0.94
Other Current Assets	-	0.67	0.88	1.85	0.43
Total Current Assets	103.26	228.56	54.04	50.61	110.14
Property, Plant & Equipment	355.34	360.12	383.82	402.07	358.85
Goodwill	9.31	8.56	12.36	12.36	-
Other Intangible Assets	46.62	50.84	55.01	57.53	22.97
Long-Term Deferred Tax Assets	11.43	6.8	6.64	3.91	0.86
Other Long-Term Assets	9.61	7.23	7.52	8.63	9.89
Total Assets	535.57	662.11	519.4	535.1	502.7
Accounts Payable	15.26	10.09	11.97	9.5	8.15
Accrued Expenses	-	2.02	0.82	0.76	0.44
Current Portion of Long-Term Debt	4.04	16.27	15.85	14.94	23.12
Current Unearned Revenue	-	-	-	-	0.15
Current Portion of Leases	0.36	0.43	0.4	0.42	0.3
Other Current Liabilities	-	5.03	2.32	4.97	2.15
Total Current Liabilities	19.66	33.84	31.35	30.6	34.31
Long-Term Debt	213.31	312.08	156.53	169.47	146.57
Long-Term Leases	2.17	2.15	2.35	2.5	1
Long-Term Deferred Tax Liabilities	52.27	54.51	59.24	62.33	54.76
Other Long-Term Liabilities	5.3	-	-	-	5.24
Total Liabilities	292.69	402.58	249.47	264.89	241.88
Common Stock	665.14	666.38	666.39	666.04	649.08
Additional Paid-In Capital	14.11	14.09	14.02	13.84	14.27
Retained Earnings	-436.08	-420.73	-411.07	-410.2	-400.59
Total Common Equity	243.17	259.75	269.34	269.68	262.76
Minority Interest	-0.29	-0.22	0.59	0.54	-1.94
Shareholders' Equity	242.88	259.53	269.93	270.21	260.82
Total Liabilities & Equity	535.57	662.11	519.4	535.1	502.7
Total Debt	219.87	330.93	175.12	187.33	170.99
Net Cash (Debt)	-131.25	-117.62	-135.07	-152	-73.06
Net Cash Per Share	-6.21	-5.56	-6.41	-7.54	-3.84
Filing Date Shares Outstanding	21.28	21.07	21.08	21.03	19.63
Total Common Shares Outstanding	21.28	21.06	21.06	21.03	19.53
Working Capital	83.6	194.73	22.69	20.01	75.84
Book Value Per Share	11.43	12.34	12.79	12.83	13.46
Tangible Book Value	187.24	200.35	201.97	199.8	239.79
Tangible Book Value Per Share	8.80	9.52	9.59	9.50	12.28
Construction In Progress	-	5	4.14	9.9	8.78

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