SaskEnergy 2024-25 Annual Report

Financial and Operating Highlights

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

2024-25

2023-24

2022-23

324 249

Delivery

304 236

313 235

Transportation and storage Net commodity sales realized Realized asset optimization margin Customer capital contributions

45 20 40

42 12 28

45 29 57

Total revenue and margins

678 126 226 141

622 119 206 140

679 109 198 146

Employee benefits

Operating and maintenance Depreciation and amortization

19

Saskatchewan taxes

19

18

(1)

(Recovery) loss on trade and other receivables

-

7

76

Net finance expenses

78

73

9

Other net losses Total expenses

5

2

596

567

553 126

Income before unrealized market value adjustments

82

55

8

Market value adjustments CONSOLIDATED NET INCOME

(34)

(66)

90 31

21 21

60 45

Dividends declared

3,834

Total assets

3,633

3,580

410

Cash provided by operating activities Cash used in investing activities Cash used in financing activities Property, plant and equipment additions

345

304

(355)

(269)

(225)

(73)

(62)

(75)

326

246

207

1,863 59/41 6.4%

Total net debt

1,826 59/41

1,802 59/41

Debt/Equity ratio

Rate of return on equity

4.4% 10.2%

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

37 33

35 31

40 34

Commercial

197 267

Industrial

192 258

181 255

TOTAL

Transmission energy (petajoules) Domestic

394

389

381

5

Export

11

51

TOTAL

399

400

432

Number of customers Distribution

414,499

411,077

408,498

139

Transmission

135

141

17

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