Surge Energy 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	18.65	7.59	-	-	-
Cash & Short-Term Investments	18.65	7.59	-	-	-
Cash Growth	145.64%	-	-	-	-
Accounts Receivable	45.81	58.33	53.35	60.62	55.74
Other Current Assets	10.58	9.69	10.06	4.51	3.15
Total Current Assets	75.04	75.61	63.41	65.14	58.89
Net Property, Plant & Equipment	1,179	1,206	1,350	1,408	1,217
Other Long-Term Assets	70.93	84.26	67.09	77.06	-
Total Assets	1,325	1,366	1,481	1,550	1,275
Accounts Payable	65.02	95.43	85.39	93.37	84.33
Current Portion of Long-Term Debt	2.38	0.72	13.7	24.85	45.97
Current Portion of Leases	14.85	4.09	6.69	6.41	7.7
Other Current Liabilities	14.29	18.46	16.27	16.8	42.02
Total Current Liabilities	96.53	118.7	122.05	141.43	180.02
Long-Term Debt	216.53	215.78	245.68	294.27	260.03
Long-Term Leases	10.13	11.53	16.11	22.39	23.36
Other Long-Term Liabilities	276.34	281.62	252.94	253.67	298.66
Total Long-Term Liabilities	503	508.94	514.73	570.32	582.05
Total Liabilities	599.53	627.64	636.79	711.76	762.06
Common Stock	1,741	1,768	1,791	1,765	1,654
Additional Paid-in Capital	119.84	95.35	73.92	61.68	58.41
Retained Earnings	-1,136	-1,125	-1,021	-988.8	-1,199
Shareholders' Equity	724.98	738.51	843.98	838.32	513.38
Total Liabilities & Equity	1,325	1,366	1,481	1,550	1,275
Total Debt	243.89	232.12	282.18	347.92	337.06
Net Cash (Debt)	-225.23	-224.53	-282.18	-347.92	-337.06
Net Cash Per Share	-2.23	-2.23	-2.79	-4.00	-6.02
Book Value	724.98	738.51	843.98	838.32	513.38
Book Value Per Share	7.18	7.32	8.35	9.63	9.17
Tangible Book Value	724.98	738.51	843.98	838.32	513.38
Tangible Book Value Per Share	7.18	7.32	8.35	9.63	9.17

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.