SaskEnergy First Quarter Report - June 30, 2025

Consolidated Financial Statements (unaudited)

Condensed Consolidated Statement of Comprehensive Income

For the Three Months Ended June 30, 2025

For the Three Months Ended June 30, 2024

Income (Loss) before Unrealized Market Value Adjust- ments

Income 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

$

58 61 65 25

$

4

$

62 61 65 25

$

39 61 62

$

3

$

42 61 62

Delivery

- - -

- - -

Transportation and storage Customer capital contributions

3

3

209

4

213

165

3

168

EXPENSES Natural gas purchases (net of change in inventory)

11

47 33 57 35

10

57 33 57 35

32 32 49 34

7

39 32 49 34

Employee benefits

- - - -

- - - -

Operating and maintenance Depreciation and amortization

Saskatchewan taxes

5

5

5

5

177

10

187

152

7

159

NET INCOME BEFORE THE FOLLOWING Net finance expenses

32

(6)

26

13

(4)

9

14

(20)

- -

(20)

(19)

- -

(19)

Other losses

(1)

(1)

-

-

TOTAL NET INCOME (LOSS)

$

11

$

(6)

$

5

$

(6)

$

(4)

$

(10)

ITEMS THAT MAY BE RECLASSIFIED TO NET INCOME Change in fair value of debt retirement funds designated as FVOCI (1)

-

(1) (7)

(1)

-

-

-

COMPREHENSIVE INCOME (LOSS)

$

11

$

$

4

$

(6)

$

(4)

$

(10)

The accompanying notes are an integral part of the condensed consolidated financial statements (1) Fair value through other comprehensive income (FVOCI)

14

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