SolarBank Balance Sheet

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

Millions CAD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Equivalents	5.27	0.75	0.93	1.4
Short-Term Investments	0.92	6.55	-	-
Cash & Short-Term Investments	6.19	7.3	0.93	1.4
Cash Growth	-15.19%	683.22%	-33.43%	-
Accounts Receivable	1.46	10.92	1.86	5.63
Other Receivables	0.32	0.32	0.34	0.54
Receivables	1.78	11.24	2.2	6.18
Inventory	6.53	0.45	0.2	0.59
Prepaid Expenses	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	17.63	22.05	8.98	10.25
Property, Plant & Equipment	4.54	1.09	0.21	0.03
Long-Term Investments	5.31	0.72	-	-
Goodwill	0.44	-	-	-
Other Intangible Assets	2	-	-	-
Long-Term Deferred Charges	8.91	1.11	-	-
Other Long-Term Assets	0.4	-	-	-
Total Assets	39.23	24.97	9.19	10.28
Accounts Payable	3	1.54	1.95	2.81
Short-Term Debt	1.31	-	0.57	1.51
Current Portion of Long-Term Debt	0.45	0.15	0.11	0.02
Current Portion of Leases	0.15	0.04	0.05	-
Current Income Taxes Payable	2.11	0.93	0.02	0.04
Current Unearned Revenue	4.6	1.15	0.02	-
Other Current Liabilities	1.77	3.26	0.65	0.36
Total Current Liabilities	13.39	7.08	3.37	4.73
Long-Term Debt	4.38	0.76	1.23	1.02
Long-Term Leases	0.99	0.13	0.15	-
Long-Term Deferred Tax Liabilities	1.07	-	0	0.12
Other Long-Term Liabilities	0.67	0.37	-	-
Total Liabilities	20.5	8.34	4.75	5.87
Common Stock	9.03	6.86	0	0
Additional Paid-In Capital	4.06	3	-	-
Retained Earnings	3.18	6.65	4.41	4.6
Comprehensive Income & Other	0.1	-0.12	0.07	-0.15
Total Common Equity	16.36	16.39	4.49	4.45
Minority Interest	2.36	0.24	-0.04	-0.04
Shareholders' Equity	18.72	16.63	4.44	4.41
Total Liabilities & Equity	39.23	24.97	9.19	10.28
Total Debt	7.28	1.08	2.11	2.55
Net Cash (Debt)	-1.09	6.22	-1.18	-1.15
Net Cash Per Share	-0.04	0.17	-0.07	-0.07
Filing Date Shares Outstanding	30.82	26.86	16	16
Total Common Shares Outstanding	27.19	26.8	16	16
Working Capital	4.24	14.96	5.62	5.52
Book Value Per Share	0.60	0.61	0.28	0.28
Tangible Book Value	13.92	16.39	4.49	4.45
Tangible Book Value Per Share	0.51	0.61	0.28	0.28
Machinery	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.