South Bow Corporation (SOBO)

South Bow Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	549	397	262
Cash & Short-Term Investments	549	397	262
Cash Growth	38.29%	51.53%	-
Accounts Receivable	1,107	1,190	1,344
Other Receivables	7	63	63
Total Trade Receivables	1,114	1,253	1,407
Inventory	100	207	160
Other Current Assets	252	341	785
Total Current Assets	2,015	2,198	2,614
Net Property, Plant & Equipment	8,210	8,206	8,428
Long-Term Investments	743	732	813
Other Long-Term Assets	225	193	177
Total Assets	11,193	11,329	12,032
Accounts Payable	1,135	1,544	2,075
Accrued Expenses	102	113	-
Other Current Liabilities	104	104	-
Total Current Liabilities	1,341	1,761	2,075
Long-Term Debt	5,768	5,716	5,967
Other Long-Term Liabilities	1,375	1,242	1,150
Total Long-Term Liabilities	7,143	6,958	7,117
Total Liabilities	8,484	8,719	9,192
Common Stock	2,201	2,196	-
Additional Paid-in Capital	661	661	2,968
Accumulated Other Comprehensive Income	-121	-198	-128
Retained Earnings	-32	-49	-
Shareholders' Equity	2,709	2,610	2,840
Total Liabilities & Equity	11,193	11,329	12,032
Total Debt	5,768	5,716	5,967
Net Cash (Debt)	-5,219	-5,319	-5,705
Net Cash Per Share	-25.00	-25.55	-27.43
Book Value	2,709	2,610	2,840
Book Value Per Share	12.97	12.54	13.65
Tangible Book Value	2,709	2,610	2,840
Tangible Book Value Per Share	12.97	12.54	13.65

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q