SaskEnergy First Quarter Report - June 30, 2025

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Financial Position

June 30, 2025

March 31, 2025

(millions)

Notes

ASSETS Current assets Cash and cash equivalents

$

2

$

2

Trade and other receivables

100

171

Natural gas in storage held for resale

22 20

3

Inventory of supplies

19 45

Current portion of debt retirement funds Fair value of derivative instruments

-

4

5

5

149

245

Right-of-use assets Intangible assets

16 44

16 44

Property, plant and equipment

6

3,400

3,377

Debt retirement funds

163

152

$

3,772

$

3,834

LIABILITIES AND PROVINCE'S EQUITY Current liabilities Short-term debt

$

217 123

$

187 192

Trade and other payables

Dividends payable Contract liability

4

16 59

52

Current portion of lease liability Current portion of provisions Current portion of long-term debt Fair value of derivative instruments

7

5 8

5 9

8 4

-

75 12

18

427

555

Employee future benefits

3 5 8

3 5 8

Deferred revenue

Lease liability

7

Provisions

157

165

Long-term debt

8

1,861 2,461

1,787 2,523

Province's equity Equity advances

22

22

Other components of equity

(6)

(5)

Retained earnings

1,295 1,311

1,294 1,311

$

3,772

$

3,834

The accompanying notes are an integral part of the condensed consolidated financial statements

13

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