Pine Cliff Energy 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	3.3	4.07	-	-	54.43	6.87
Short-Term Investments	-	-	-	0.21	0.17	-
Cash & Short-Term Investments	3.3	4.07	-	0.21	54.6	6.87
Cash Growth	-	-	-	-99.62%	694.28%	-12.74%
Accounts Receivable	19.51	20.78	23.7	23.66	27.19	21.61
Other Current Assets	5.68	4.48	5.72	7.32	3.77	3.45
Total Current Assets	28.5	29.33	29.42	31.19	85.55	31.93
Net Property, Plant & Equipment	236.41	239.57	302.45	402.3	250.05	294.07
Other Long-Term Assets	53.07	52.53	49.38	43.59	39.46	52.99
Total Assets	317.98	321.43	381.25	477.07	375.05	379
Accounts Payable	37.65	37.68	35.24	43.84	29.64	39.59
Current Portion of Long-Term Debt	4.22	4.22	11.36	8.44	-	-
Current Portion of Leases	1.24	1.35	1.29	1.12	1	1.05
Other Current Liabilities	8.06	8.29	7.5	7.1	6.9	3.9
Total Current Liabilities	51.17	51.54	62.74	64.5	37.54	44.54
Long-Term Debt	36.05	37.04	45.15	50.59	-	35.9
Long-Term Leases	1.28	1.32	2.03	2	2.3	2.62
Other Long-Term Liabilities	196.51	196.07	224.37	264.07	201.49	250.52
Total Long-Term Liabilities	233.83	234.43	271.55	316.65	203.78	289.04
Total Liabilities	285	285.97	326.93	377.14	241.33	333.58
Common Stock	279.27	279.27	278.98	278.62	277.65	275.77
Additional Paid-in Capital	24.27	23.76	21.42	18.75	16.62	15.4
Accumulated Other Comprehensive Income	-	-0.25	-0.25	-0.22	-0.22	-0.06
Retained Earnings	-270.55	-267.31	-245.83	-197.22	-160.32	-245.69
Shareholders' Equity	32.98	35.46	54.32	99.93	133.73	45.42
Total Liabilities & Equity	317.98	321.43	381.25	477.07	375.05	379
Total Debt	42.78	43.93	59.82	62.14	3.3	39.57
Net Cash (Debt)	-39.48	-39.87	-59.82	-61.93	51.3	-32.7
Net Cash Per Share	-0.11	-0.11	-0.17	-0.17	0.14	-0.09
Book Value	32.98	35.46	54.32	99.93	133.73	45.42
Book Value Per Share	0.09	0.10	0.15	0.28	0.37	0.13
Tangible Book Value	32.98	35.46	54.32	99.93	133.73	45.42
Tangible Book Value Per Share	0.09	0.10	0.15	0.28	0.37	0.13