Surge 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	22.1	18.65	7.59	-	-	-
Cash & Short-Term Investments	22.1	18.65	7.59	-	-	-
Cash Growth	88.28%	145.64%	-	-	-	-
Accounts Receivable	76.13	45.81	58.33	53.35	60.62	55.74
Other Current Assets	2.73	10.58	9.69	10.06	4.51	3.15
Total Current Assets	100.95	75.04	75.61	63.41	65.14	58.89
Net Property, Plant & Equipment	1,188	1,179	1,206	1,350	1,408	1,217
Other Long-Term Assets	81.1	70.93	84.26	67.09	77.06	-
Total Assets	1,370	1,325	1,366	1,481	1,550	1,275
Accounts Payable	92.18	65.02	95.43	85.39	93.37	84.33
Current Portion of Long-Term Debt	3.74	2.38	0.72	13.7	24.85	45.97
Current Portion of Leases	13.94	14.85	4.09	6.69	6.41	7.7
Other Current Liabilities	63.04	14.29	18.46	16.27	16.8	42.02
Total Current Liabilities	172.9	96.53	118.7	122.05	141.43	180.02
Long-Term Debt	213.62	216.53	215.78	245.68	294.27	260.03
Long-Term Leases	9.73	10.13	11.53	16.11	22.39	23.36
Other Long-Term Liabilities	280.05	276.34	281.62	252.94	253.67	298.66
Total Long-Term Liabilities	503.4	503	508.94	514.73	570.32	582.05
Total Liabilities	676.3	599.53	627.64	636.79	711.76	762.06
Common Stock	1,740	1,741	1,768	1,791	1,765	1,654
Additional Paid-in Capital	126.63	119.84	95.35	73.92	61.68	58.41
Retained Earnings	-1,173	-1,136	-1,125	-1,021	-988.8	-1,199
Shareholders' Equity	693.58	724.98	738.51	843.98	838.32	513.38
Total Liabilities & Equity	1,370	1,325	1,366	1,481	1,550	1,275
Total Debt	241.02	243.89	232.12	282.18	347.92	337.06
Net Cash (Debt)	-218.92	-225.23	-224.53	-282.18	-347.92	-337.06
Net Cash Per Share	-2.18	-2.23	-2.23	-2.79	-4.00	-6.02
Book Value	693.58	724.98	738.51	843.98	838.32	513.38
Book Value Per Share	6.91	7.18	7.32	8.35	9.63	9.17
Tangible Book Value	693.58	724.98	738.51	843.98	838.32	513.38
Tangible Book Value Per Share	6.91	7.18	7.32	8.35	9.63	9.17

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.