SolarBank Balance Sheet

Financials in millions CAD. Fiscal year is July - June.

Millions CAD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	14.25	5.27	0.75	0.93	1.4
Short-Term Investments	1.59	0.92	6.55	-	-
Accounts Receivable	7.16	1.46	10.92	1.86	5.63
Other Receivables	-	0.32	0.32	0.34	0.54
Inventory	8.4	6.53	0.45	0.2	0.59
Prepaid Expenses	1.4	0.57	0.95	0.04	0.02
Restricted Cash	-	-	-	-	0.04
Other Current Assets	-	2.56	2.11	5.62	2.02
Total Current Assets	32.79	17.63	22.05	8.98	10.25
Property, Plant & Equipment	47.13	4.54	1.09	0.21	0.03
Goodwill	37.59	0.44	-	-	-
Other Intangible Assets	35.65	2	-	-	-
Long-Term Investments	-	5.31	0.72	-	-
Long-Term Deferred Charges	25.99	8.91	1.11	-	-
Other Long-Term Assets	1.85	0.4	-	-	-
Total Assets	181	39.23	24.97	9.19	10.28
Accounts Payable	27.04	3	1.54	1.95	2.81
Short-Term Debt	1.32	1.31	-	0.57	1.51
Current Portion of Long-Term Debt	5.53	0.45	0.15	0.11	0.02
Current Unearned Revenue	1.11	4.6	1.15	0.02	-
Current Portion of Leases	0.62	0.15	0.04	0.05	-
Current Income Taxes Payable	0.44	2.11	0.93	0.02	0.04
Other Current Liabilities	0.08	1.77	3.26	0.65	0.36
Total Current Liabilities	36.13	13.39	7.08	3.37	4.73
Long-Term Debt	50.74	4.38	0.76	1.23	1.02
Long-Term Leases	7.43	0.99	0.13	0.15	-
Long-Term Deferred Tax Liabilities	15.3	1.07	-	0	0.12
Other Long-Term Liabilities	8	0.67	0.37	-	-
Total Liabilities	117.6	20.5	8.34	4.75	5.87
Common Stock	37.71	9.03	6.86	0	0
Additional Paid-In Capital	4.17	4.06	3	-	-
Retained Earnings	4.02	3.18	6.65	4.41	4.6
Comprehensive Income & Other	-0.07	0.1	-0.12	0.07	-0.15
Total Common Equity	45.83	16.36	16.39	4.49	4.45
Minority Interest	17.57	2.36	0.24	-0.04	-0.04
Shareholders' Equity	63.4	18.72	16.63	4.44	4.41
Total Liabilities & Equity	181	39.23	24.97	9.19	10.28
Total Debt	65.63	7.28	1.08	2.11	2.55
Net Cash (Debt)	-49.8	-1.09	6.22	-1.18	-1.15
Net Cash Per Share	-1.78	-0.04	0.17	-0.07	-0.07
Filing Date Shares Outstanding	30.46	30.82	26.86	16	16
Total Common Shares Outstanding	30.46	27.19	26.8	16	16
Working Capital	-3.34	4.24	14.96	5.62	5.52
Book Value Per Share	1.50	0.60	0.61	0.28	0.28
Tangible Book Value	-27.41	13.92	16.39	4.49	4.45
Tangible Book Value Per Share	-0.90	0.51	0.61	0.28	0.28
Machinery	-	0.11	0.07	0.14	0.13

Source: S&P Capital IQ. Utility template. Financial Sources.