Consolidated Financial Statements (unaudited)
Condensed Consolidated Statement of Comprehensive Loss
For the Six Months Ended September 30, 2025
For the Six Months Ended September 30, 2024
Loss before Unrealized Market Value Adjust- ments
Loss before Unrealized Market Value Adjust- ments
Unrealized Market Value Adjust- ments (Note 10)
Unrealized Market Value Adjust- ments (Note 10)
Total
Total
(millions)
Notes
REVENUE Natural gas sales
11 12 13
$
90
$
4
$
94
$
72
$
1
$
73
Delivery
108 130
- - -
108 130
109 123
- - -
109 123
Transportation and storage Customer capital contributions
36
36
15
15
364
4
368
319
1
320
EXPENSES Natural gas purchases (net of change in inventory)
11
74 62
11
85 62
60 60
6
66 60
Employee benefits
- - - -
- - - -
Operating and maintenance Depreciation and amortization
116
116
102
102
71 12
71 12
69 11
69 11
Saskatchewan taxes
Recovery on trade and other receivables
-
-
-
( 2)
-
(2)
335
11
346
300
6
306
NET INCOME BEFORE THE FOLLOWING Net finance expenses
29
(7)
22
19
( 5)
14
14
(38)
- -
(38)
(38)
- -
(38)
Other losses
(5)
(5)
( 2)
(2)
TOTAL NET LOSS
$
(14)
$
(7)
$
(21)
$
(21)
$
(5)
$
(26)
ITEMS THAT MAY BE RECLASSIFIED TO NET LOSS Change in fair value of debt retirement funds designated as FVOCI (1)
-
(5)
(5)
-
7
7
COMPREHENSIVE LOSS
$
(14)
$
(12)
$
(26)
$
(21)
$
2
$
(19)
The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)
15
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