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	Mar '25 Mar 31, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	23.93	5.27	0.75	0.93	1.4
Short-Term Investments	0.77	0.92	6.55	-	-
Cash & Short-Term Investments	24.7	6.19	7.3	0.93	1.4
Cash Growth	180.28%	-15.19%	683.22%	-33.43%	-
Accounts Receivable	9.75	1.46	10.92	1.86	5.63
Other Receivables	0.13	0.32	0.32	0.34	0.54
Receivables	9.88	1.78	11.24	2.2	6.18
Inventory	7.45	6.53	0.45	0.2	0.59
Prepaid Expenses	2.25	0.57	0.95	0.04	0.02
Restricted Cash	-	-	-	-	0.04
Other Current Assets	1.01	2.56	2.11	5.62	2.02
Total Current Assets	45.28	17.63	22.05	8.98	10.25
Property, Plant & Equipment	42.35	4.54	1.09	0.21	0.03
Long-Term Investments	0.26	5.31	0.72	-	-
Goodwill	37.59	0.44	-	-	-
Other Intangible Assets	34.46	2	-	-	-
Long-Term Deferred Charges	-	8.91	1.11	-	-
Other Long-Term Assets	34.04	0.4	-	-	-
Total Assets	193.97	39.23	24.97	9.19	10.28
Accounts Payable	15.03	3	1.54	1.95	2.81
Short-Term Debt	4.74	1.31	-	0.57	1.51
Current Portion of Long-Term Debt	5.25	0.45	0.15	0.11	0.02
Current Portion of Leases	0.65	0.15	0.04	0.05	-
Current Income Taxes Payable	1.55	2.11	0.93	0.02	0.04
Current Unearned Revenue	2.47	4.6	1.15	0.02	-
Other Current Liabilities	6.3	1.77	3.26	0.65	0.36
Total Current Liabilities	40.07	13.39	7.08	3.37	4.73
Long-Term Debt	58.56	4.38	0.76	1.23	1.02
Long-Term Leases	7.16	0.99	0.13	0.15	-
Long-Term Deferred Tax Liabilities	14.39	1.07	-	0	0.12
Other Long-Term Liabilities	7.05	0.67	0.37	-	-
Total Liabilities	127.22	20.5	8.34	4.75	5.87
Common Stock	52.49	9.03	6.86	0	0
Additional Paid-In Capital	1.44	4.06	3	-	-
Retained Earnings	-2.76	3.18	6.65	4.41	4.6
Comprehensive Income & Other	0.61	0.1	-0.12	0.07	-0.15
Total Common Equity	51.79	16.36	16.39	4.49	4.45
Minority Interest	14.96	2.36	0.24	-0.04	-0.04
Shareholders' Equity	66.75	18.72	16.63	4.44	4.41
Total Liabilities & Equity	193.97	39.23	24.97	9.19	10.28
Total Debt	76.35	7.28	1.08	2.11	2.55
Net Cash (Debt)	-51.65	-1.09	6.22	-1.18	-1.15
Net Cash Per Share	-1.71	-0.04	0.17	-0.07	-0.07
Filing Date Shares Outstanding	35.3	30.82	26.86	16	16
Total Common Shares Outstanding	34.91	27.19	26.8	16	16
Working Capital	5.21	4.24	14.96	5.62	5.52
Book Value Per Share	1.48	0.60	0.61	0.28	0.28
Tangible Book Value	-20.26	13.92	16.39	4.49	4.45
Tangible Book Value Per Share	-0.58	0.51	0.61	0.28	0.28
Machinery	0.04	0.11	0.07	0.14	0.13
Leasehold Improvements	-	-	-	-	0.01

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q