SaskEnergy First Quarter Report - June 30, 2025

Financial and Operating Highlights

Three months ended June 30,

CONSOLIDATED FINANCIAL INFORMATION ($ millions)

2025

2024

Delivery

61 65

61 62

Transportation and storage Realized commodity margin

5 6

6 1 3

Realized asset optimization margin Customer capital contributions

25

Total revenue and margins

162

133

Employee benefits

33 57 35

32 49 34

Operating and maintenance Depreciation and amortization

Saskatchewan taxes Net finance expense

5

5

20

19

Other net losses Total expenses

1

-

151

139

Net income (loss) before unrealized market value adjustments

11

(6) (4)

Market value adjustments

(6)

CONSOLIDATED NET INCOME (LOSS) Cash provided by operating activities Cash used in investing activities

5

(10)

51

79

(67)

(36) (61)

Cash provided by (used in) financing activities

16

Dividends declared

4

4

Total assets Total net debt

3,772 1,926 59.4%

3,571 1,822 59.4%

Debt/Equity ratio

OPERATING STATISTICS Distribution energy (petajoules) Residential/Farm

4 5

5 5

Commercial

Industrial

45 54

45 55

Total

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

11% warmer

4% warmer

85

82

Export

4

-

Total

89

82

Cash used in Investing Activities $ millions

Income (Loss) before MVA $ millions

Cash from Operations $ millions

$86

$11

100

15

100

$79

$67

$51

$0

50

0

$36

50

$32

-$6

0

(15)

0

2025

2024

2023

2025

2024

2023

2025

2024

2023

3

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