STEP Energy Services Ltd. (TSX:STEP)

STEP Energy Services Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	2.51	4.36	1.79	2.79	3.7	1.27
Cash & Short-Term Investments	2.51	4.36	1.79	2.79	3.7	1.27
Cash Growth	69.43%	144.37%	-35.91%	-24.69%	192.10%	-82.58%
Accounts Receivable	133.98	81.86	95.86	195.01	84.88	59.15
Other Receivables	1	0.91	0.29	4.13	1.87	6.29
Receivables	134.97	82.77	96.16	199.14	86.75	65.43
Inventory	40.98	49.55	47.52	46.41	32.73	26.99
Prepaid Expenses	8.04	8.43	9.25	8.03	10.08	5.78
Other Current Assets	7.03	-	-	-	-	-
Total Current Assets	193.54	145.11	154.72	256.36	133.26	99.47
Property, Plant & Equipment	405.58	429.96	447.61	426.01	350.29	379.62
Other Intangible Assets	0.87	1.16	0.12	0.16	0.31	0.77
Other Long-Term Assets	-	4.41	4.07	-	-	-
Total Assets	599.98	580.64	606.52	682.53	483.85	479.86
Accounts Payable	100.8	86.21	91.79	165.87	95.18	48.82
Current Portion of Long-Term Debt	-	-	-	1.5	27.95	-
Current Portion of Leases	8.47	9.73	8.75	8.33	6.21	5.92
Current Income Taxes Payable	3.94	8.28	7.54	9.06	-	0.09
Other Current Liabilities	2.44	5.54	4.54	5.03	-	-
Total Current Liabilities	115.64	109.75	112.61	189.78	129.34	54.82
Long-Term Debt	38.89	56.72	86.15	140.79	162.01	207.63
Long-Term Leases	14.21	18.02	18.73	13.86	9.16	6.8
Long-Term Deferred Tax Liabilities	18	16.96	19.39	17.97	1.37	3.83
Other Long-Term Liabilities	11.13	8.65	14.09	14.09	4.52	2.2
Total Liabilities	197.86	210.11	250.97	376.5	306.41	275.28
Common Stock	448.09	447.99	455.68	453.7	435.77	431.8
Additional Paid-In Capital	40.47	40.47	36.06	32.84	30.82	32.37
Retained Earnings	-107.78	-144.57	-146.33	-196.75	-291.53	-263.4
Comprehensive Income & Other	21.34	26.64	10.14	16.24	2.38	3.81
Shareholders' Equity	402.12	370.53	355.55	306.03	177.44	204.58
Total Liabilities & Equity	599.98	580.64	606.52	682.53	483.85	479.86
Total Debt	61.56	84.47	113.63	164.48	205.33	220.35
Net Cash (Debt)	-59.05	-80.11	-111.85	-161.7	-201.63	-219.08
Net Cash Per Share	-0.82	-1.08	-1.49	-2.24	-2.96	-3.25
Filing Date Shares Outstanding	72.89	72.06	71.46	71.62	68.2	67.71
Total Common Shares Outstanding	72.88	72.04	72.23	71.59	68.16	67.71
Working Capital	77.9	35.36	42.1	66.58	3.91	44.65
Book Value Per Share	5.52	5.14	4.92	4.27	2.60	3.02
Tangible Book Value	401.25	369.37	355.43	305.87	177.14	203.81
Tangible Book Value Per Share	5.51	5.13	4.92	4.27	2.60	3.01
Land	29.01	28.66	36.45	36.7	38.07	37.84
Machinery	852	940.89	881.02	838.53	730.19	712.48

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.