STEP Energy Services Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 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	134.58	82.77	96.16	199	86.64	63.47
Other Receivables	0.4	-	-	0.14	0.1	1.96
Total Trade 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
Other Current Assets	15.07	8.43	9.25	8.03	10.08	5.78
Total Current Assets	193.54	145.11	154.72	256.36	133.26	99.47
Net 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
Accrued Expenses	3.94	8.28	7.54	9.06	-	0.09
Current Portion of Long-Term Debt	-	-	-	-	27.95	-
Current Portion of Leases	8.47	9.73	8.75	8.33	6.21	5.92
Other Current Liabilities	2.44	5.54	4.54	6.53	-	-
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
Other Long-Term Liabilities	29.13	25.62	33.48	32.06	5.89	6.03
Total Long-Term Liabilities	82.23	100.36	138.36	186.72	177.06	220.46
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
Accumulated Other Comprehensive Income	21.34	26.64	10.14	16.24	2.38	3.81
Retained Earnings	-107.78	-144.57	-146.33	-196.75	-291.53	-263.4
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	162.98	205.33	220.35
Net Cash (Debt)	-59.05	-80.11	-111.85	-160.2	-201.63	-219.08
Net Cash Per Share	-0.80	-1.08	-1.49	-2.22	-2.96	-3.25
Book Value	402.12	370.53	355.55	306.03	177.44	204.58
Book Value Per Share	5.47	4.99	4.73	4.24	2.61	3.04
Tangible Book Value	401.25	369.37	355.43	305.87	177.14	203.81
Tangible Book Value Per Share	5.46	4.98	4.73	4.23	2.60	3.03