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	Jun '26 Jun 30, 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	10.89	2.66	3.79	5.93	8.88	7.48
Cash & Short-Term Investments	10.89	2.66	3.79	5.93	8.88	7.48
Cash Growth	108.32%	-29.80%	-36.17%	-33.21%	18.72%	-61.30%
Accounts Receivable	25.16	39.7	37.56	37.64	47.21	26.46
Other Current Assets	1.84	3.37	3.49	7.17	5.45	6.41
Total Current Assets	37.89	45.73	44.84	50.73	61.54	40.35
Net Property, Plant & Equipment	323.42	332.92	386.14	392.17	413.84	415.25
Other Long-Term Assets	0.85	-	-	0.03	0.32	0.41
Total Assets	362.15	378.65	430.98	442.93	475.71	456
Accounts Payable	17.89	21.36	27.59	26.56	34.46	24.59
Current Portion of Long-Term Debt	3.73	4.52	5.86	4.05	5.16	13.54
Current Portion of Leases	1.66	1.7	1.47	-	-	-
Total Current Liabilities	23.27	27.58	34.93	30.61	39.62	38.13
Long-Term Debt	70.46	81	91.66	111.17	126.53	226.88
Long-Term Leases	3.1	3.9	4.67	-	-	-
Other Long-Term Liabilities	0.17	0.72	3.88	5.49	7.03	4.49
Total Long-Term Liabilities	97	85.62	100.21	116.66	133.56	231.37
Total Liabilities	120.27	113.2	135.13	147.27	173.18	269.5
Common Stock	521.64	521.6	521.6	521.6	521.55	441.67
Additional Paid-in Capital	20.35	20.34	21.18	20.37	17.66	15.76
Accumulated Other Comprehensive Income	31.15	29.07	32.67	26.07	28.85	23.54
Retained Earnings	-310.09	-307.83	-281.83	-274.68	-267.47	-296.47
Total Common Shareholders' Equity	263.04	263.19	293.62	293.37	300.59	184.51
Minority Interest	2.11	2.26	2.23	2.3	1.94	1.99
Shareholders' Equity	265.15	265.45	295.85	295.67	302.53	186.5
Total Liabilities & Equity	362.15	378.65	430.98	442.93	475.71	456
Total Debt	78.94	91.12	103.66	115.22	131.69	240.42
Net Cash (Debt)	-68.05	-88.46	-99.88	-109.29	-122.81	-232.95
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.01	-2.61	-2.95	-3.23	-5.21	-34.88
Book Value	263.04	263.19	293.62	293.37	300.59	184.51
Book Value Per Share	7.77	7.78	8.68	8.67	12.75	27.63
Tangible Book Value	263.04	263.19	293.62	293.37	300.59	184.51
Tangible Book Value Per Share	7.77	7.78	8.68	8.67	12.75	27.63