2025-26 SaskEnergy Annual Report

Consolidated Financial Statements

51

Consolidated Statement of Income and Comprehensive Income For the year ended March 31 2026

2025

Income before Unrealized

Income before Unrealized

Unrealized Market Value Adjustments (Note 19)

Unrealized Market Value Adjustments (Note 19)

Market Value Adjustments

Market Value Adjustments

(millions)

Notes

Total

Total

REVENUE Natural gas sales

$ 338 $

3 $ 341 $

20 21 22

310 $

(1) $

309 324 249

324 261

- - -

324 261

Delivery

324 249

- - -

Transportation and storage Customer capital contributions

64

64

40

40

987

3

990

923

(1)

922

EXPENSES Natural gas purchases (net of change in inventory)

259 133 246 146

15

274 133 246 146

20

245 126 226 141

(9)

236 126 226 141

- - - -

Employee benefits

- - - -

Operating and maintenance Depreciation and amortization

21

21

Saskatchewan taxes

23

19

19

Loss (recovery) on trade and other receivables

1

-

1

(1)

-

(1)

806

15

821

756

(9)

747

NET INCOME BEFORE THE FOLLOWING

181

(12)

169

167

8

175

4

- - - -

4

Finance income Finance expenses

24 24 24 25

6

- - - -

6

(81) (77)

(81) (77)

(82) (76)

(82) (76)

NET FINANCE EXPENSES

(8)

(8)

Other net losses

(9)

(9)

TOTAL NET INCOME

$

96 $

(12) $

84 $

82 $

8 $

90

ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME

Change in fair value of debt retirement funds designated as fair value through other comprehensive income COMPREHENSIVE INCOME

-

(3)

(3)

6,19

-

6

6

$

96 $

(15) $

81 $

82 $

14 $

96

(See accompanying notes)

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