SaskEnergy 2024-25 Annual Report

Financial and Operating Highlights

Quarterly Financial and Operating Highlights 2024-25 CONSOLIDATED FINANCIAL INFORMATION ($ millions)

March 31, 2025

Q1

Q2

Q3

Q4

119 $

324 249

Delivery

$

61 $

48 $

96 $

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

62

61

64 12

62 24 11 13

45 20 40

6 1 3

3 2

6

12

12

Total revenue and margins

133

126

190

229

678 126 226 141

Employee benefits

32 49 34

28 53 35

30 55 35

36 69 37

Operating and maintenance Depreciation and amortization

19

Saskatchewan taxes

5

6

4 2

4

(1)

(Recovery) loss on trade and other receivables

-

(2)

(1)

76

Net finance expenses

19

19

19

19

9

Other net losses Total expenses

-

2

-

7

139

141

145

171

596

CONSOLIDATED INCOME (LOSS) before unrealized market value adjustments

$ $

(6) $

(15) $

45 $

58 $ 16 $

82 31

Dividends declared

4 $

4 $

7 $

410

Cash provided by operating activities Cash used in investing activities

79

60

87

184

(355)

(36) (61)

(73)

(106)

(140)

(73)

Cash (used in) provided by financing activities Property, plant and equipment additions

13 71

18 98

(43)

326

32

125

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

37 33

5 5

2 2

13 11 52 76

17 15 55 87

Commercial

197 267

Industrial

45 55

45 49

TOTAL

1% colder

Weather (compared to last 30 years) Transmission energy (petajoules) Domestic

4% warmer 50% warmer 1% warmer

9% colder

394

82

80

110

122

5

Export

-

1

1

3

TOTAL

82

81

111

125

399

19

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