Western Energy Services 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	3.31	2.66	3.79	5.93	8.88	7.48
Cash & Short-Term Investments	3.31	2.66	3.79	5.93	8.88	7.48
Cash Growth	-12.00%	-29.80%	-36.17%	-33.21%	18.72%	-61.30%
Accounts Receivable	41.34	39.7	37.56	37.64	47.21	26.46
Other Current Assets	1.89	3.37	3.49	7.17	5.45	6.41
Total Current Assets	46.54	45.73	44.84	50.73	61.54	40.35
Net Property, Plant & Equipment	327.56	332.92	386.14	392.17	413.84	415.25
Other Long-Term Assets	-	-	-	0.03	0.32	0.41
Total Assets	374.09	378.65	430.98	442.93	475.71	456
Accounts Payable	15.04	21.36	27.59	26.56	34.46	24.59
Current Portion of Long-Term Debt	8.85	4.52	5.86	4.05	5.16	13.54
Current Portion of Leases	1.67	1.7	1.47	-	-	-
Total Current Liabilities	25.55	27.58	34.93	30.61	39.62	38.13
Long-Term Debt	75.79	81	91.66	111.17	126.53	226.88
Long-Term Leases	3.63	3.9	4.67	-	-	-
Other Long-Term Liabilities	1.09	0.72	3.88	5.49	7.03	4.49
Total Long-Term Liabilities	106.06	85.62	100.21	116.66	133.56	231.37
Total Liabilities	131.61	113.2	135.13	147.27	173.18	269.5
Common Stock	521.63	521.6	521.6	521.6	521.55	441.67
Additional Paid-in Capital	20.28	20.34	21.18	20.37	17.66	15.76
Accumulated Other Comprehensive Income	30.03	29.07	32.67	26.07	28.85	23.54
Retained Earnings	-306.06	-307.83	-281.83	-274.68	-267.47	-296.47
Total Common Shareholders' Equity	265.88	263.19	293.62	293.37	300.59	184.51
Minority Interest	2.16	2.26	2.23	2.3	1.94	1.99
Shareholders' Equity	268.04	265.45	295.85	295.67	302.53	186.5
Total Liabilities & Equity	374.09	378.65	430.98	442.93	475.71	456
Total Debt	89.93	91.12	103.66	115.22	131.69	240.42
Net Cash (Debt)	-86.62	-88.46	-99.88	-109.29	-122.81	-232.95
Net Cash Per Share	-2.56	-2.61	-2.95	-3.23	-5.21	-34.88
Book Value	265.88	263.19	293.62	293.37	300.59	184.51
Book Value Per Share	7.86	7.78	8.68	8.67	12.75	27.63
Tangible Book Value	265.88	263.19	293.62	293.37	300.59	184.51
Tangible Book Value Per Share	7.86	7.78	8.68	8.67	12.75	27.63

Updated Apr 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.