Western Energy Services Corp. (TSX:WRG)

Western 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	3.46	3.79	5.93	8.88	7.48	19.32
Short-Term Investments	0.27	0.35	0.32	0.45	0.41	0.36
Cash & Short-Term Investments	3.73	4.13	6.25	9.32	7.89	19.68
Cash Growth	-12.79%	-33.91%	-32.96%	18.25%	-59.93%	347.00%
Accounts Receivable	35.54	36.88	36.86	45.3	25.72	15.86
Other Receivables	0.17	0.68	0.78	1.91	0.75	2.39
Receivables	35.71	37.56	37.84	47.44	26.68	18.25
Inventory	0.1	0.26	3.58	4.07	3.6	3.07
Prepaid Expenses	1.26	2.76	2.98	0.63	2.1	2.33
Other Current Assets	0.1	0.12	0.08	0.08	0.1	0.18
Total Current Assets	40.89	44.84	50.73	61.54	40.35	43.5
Property, Plant & Equipment	365.05	386.14	392.17	413.84	415.25	452.04
Long-Term Deferred Charges	0.02	-	0.03	0.12	-	0.09
Total Assets	405.95	430.98	442.93	475.71	456	495.63
Accounts Payable	18.85	10.65	11.47	21.97	11.2	8.95
Accrued Expenses	-	16.94	15.09	12.49	13.39	14.19
Current Portion of Long-Term Debt	0.79	5.86	1.58	2.74	11.1	1.52
Current Portion of Leases	1.83	1.47	2.47	2.42	2.44	2.84
Total Current Liabilities	21.47	34.93	30.61	39.62	38.13	27.5
Long-Term Debt	90.45	91.66	109.28	123.62	221.71	231.78
Long-Term Leases	3.76	4.67	1.9	2.91	5.18	5.86
Long-Term Deferred Tax Liabilities	2.58	3.88	5.49	7.03	4.49	8.02
Total Liabilities	118.26	135.13	147.27	173.18	269.5	273.15
Common Stock	521.6	521.6	521.6	521.55	441.67	441.46
Additional Paid-In Capital	20.25	21.18	20.37	17.66	15.76	15.68
Retained Earnings	-286.54	-281.83	-274.68	-267.47	-296.47	-260.33
Comprehensive Income & Other	30.09	32.67	26.07	28.85	23.54	24
Total Common Equity	285.4	293.62	293.37	300.59	184.51	220.8
Minority Interest	2.3	2.23	2.3	1.94	1.99	1.67
Shareholders' Equity	287.69	295.85	295.67	302.53	186.5	222.47
Total Liabilities & Equity	405.95	430.98	442.93	475.71	456	495.63
Total Debt	96.82	103.66	115.22	131.69	240.42	241.99
Net Cash (Debt)	-93.09	-99.53	-108.97	-122.37	-232.54	-222.32
Net Cash Per Share	-2.75	-2.94	-3.22	-5.19	-305.39	-292.35
Filing Date Shares Outstanding	33.84	33.84	33.84	33.84	0.76	0.76
Total Common Shares Outstanding	33.84	33.84	33.84	33.84	0.76	0.76
Working Capital	19.42	9.91	20.13	21.92	2.22	16
Book Value Per Share	8.43	8.68	8.67	8.88	241.43	290.64
Tangible Book Value	285.4	293.62	293.37	300.59	184.51	220.8
Tangible Book Value Per Share	8.43	8.68	8.67	8.88	241.43	290.64
Land	5.09	5.09	5.09	5.09	5.09	5.09
Buildings	5.49	5.14	4.46	4.4	4.4	4.4
Machinery	1,063	1,074	1,058	1,052	1,013	1,016

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