Topaz Energy 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	0.43	0.15	3.46	-	-	220.19
Cash & Short-Term Investments	0.43	0.15	3.46	-	-	220.19
Cash Growth	-	-95.75%	-	-	-	2603.73%
Receivables	46.06	52.49	47.34	62.47	46.76	18.17
Prepaid Expenses	0.36	0.79	0.85	0.76	0.79	0.63
Other Current Assets	6.72	10.6	8.73	6.24	0.8	-
Total Current Assets	53.56	64.02	60.38	69.47	48.34	238.99
Property, Plant & Equipment	1,793	1,828	1,581	1,741	1,511	714.05
Long-Term Deferred Tax Assets	-	-	3.21	25.38	52.67	55.5
Other Long-Term Assets	0.87	2.34	2.33	-	-	-
Total Assets	1,847	1,895	1,647	1,836	1,612	1,009
Accounts Payable	77.62	6.27	6.33	4.52	4.34	0.73
Other Current Liabilities	2.58	5.99	0.76	-	0.26	0.59
Total Current Liabilities	80.19	12.26	7.08	4.52	4.59	1.32
Long-Term Debt	504.64	540.4	391.64	464.58	276.86	-
Long-Term Deferred Tax Liabilities	38	15.34	-	-	-	-
Other Long-Term Liabilities	6.87	10.33	4.65	4.33	5.37	1.5
Total Liabilities	629.69	578.33	403.37	473.44	286.83	2.82
Common Stock	1,741	1,734	1,526	1,519	1,425	1,026
Additional Paid-In Capital	62.1	63.83	55.25	51.91	50.02	48.97
Retained Earnings	-585.48	-481.95	-337.17	-208.5	-150.56	-69.39
Shareholders' Equity	1,218	1,316	1,244	1,362	1,325	1,006
Total Liabilities & Equity	1,847	1,895	1,647	1,836	1,612	1,009
Total Debt	504.64	540.4	391.64	464.58	276.86	-
Net Cash (Debt)	-504.21	-540.25	-388.18	-464.58	-276.86	220.19
Net Cash Growth	-	-	-	-	-	2603.73%
Net Cash Per Share	-3.28	-3.67	-2.67	-3.24	-2.23	2.43
Filing Date Shares Outstanding	153.8	153.8	144.8	144.4	139.4	112.6
Total Common Shares Outstanding	153.83	153.46	144.74	144.21	139.33	112.45
Working Capital	-26.63	51.76	53.3	64.95	43.75	237.68
Book Value Per Share	7.92	8.58	8.59	9.45	9.51	8.94
Tangible Book Value	1,218	1,316	1,244	1,362	1,325	1,006
Tangible Book Value Per Share	7.92	8.58	8.59	9.45	9.51	8.94

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