SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "New Stratus Energy Inc.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": "BDO",
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cashAndCashEquivalents": 798781,
      "restrictedCash": 10000,
      "otherReceivables": 6541738,
      "recoverableTaxes": 611121,
      "prepaidAndAdvancePayments": 115611,
      "totalCurrentAssets": 8077251,
      "propertyPlantAndEquipment": 126790,
      "investmentsInJointVentureAndLoanCommitment": 62018200,
      "otherAssets": 264326,
      "totalNonCurrentAssets": 62409316,
      "totalAssets": 70486567,
      "tradeAndOtherPayables": 9982988,
      "loanCommitment": 41763000,
      "taxesPayable": 1012887,
      "employeeBenefitObligation": 307270,
      "definedBenefitObligations": 0,
      "assetRetirementObligation": 0,
      "subscriptionReceipts": 355017,
      "totalCurrentLiabilities": 53421162,
      "otherPayablesNonCurrent": 28676,
      "otherLiabilities": 29953927,
      "totalNonCurrentLiabilities": 29982603,
      "totalLiabilities": 83403765,
      "shareCapital": 36960133,
      "contributedSurplus": 5028136,
      "cumulativeTranslationAdjustment": 906953,
      "deficit": -55812420,
      "totalDeficit": -12917198,
      "cashPerShare": 0.0060,
      "workingCapitalPerShare": -0.3388
    },
    "incomeStatement": {
      "periods": ["3m 2025", "3m 2024", "9m 2025", "9m 2024"],
      "generalAndAdministrative": [-1537255, -3193490, -5600133, -12057178],
      "incomeFromInvestmentsInJointVenture": [328478, 1310727, 1106946, 5612229],
      "stockBasedCompensation": [0, -494185, 0, -494185],
      "foreignExchangeLossGain": [-612250, -397273, 335744, -189480],
      "otherIncome": [56459, 206548, 320025, 819755],
      "operatingLossFromOperations": [-1764568, -2567673, -3837418, -6308859],
      "financialCostNet": [-654608, -752222, -2123713, -1811382],
      "accretionExpensesOnLoanCommitment": [0, 1202860, -3129663, 1202860],
      "netLossBeforeIncomeTaxesFromOperations": [-2419176, -2117035, -9090794, -6917381],
      "incomeTaxExpense": [0, 0, -7102, 0],
      "netLoss": [-2419176, -2117035, -9097896, -6917381],
      "weightedAverageSharesOutstandingBasic": [134215424, 131900467, 133852362, 131900467]
    },
    "cashFlowStatement": {
      "periods": ["9m 2025", "9m 2024"],
      "netLoss": [-9097896, -6917381],
      "depletionAndDepreciation": [291884, 299192],
      "incomeFromInvestmentsInJointVenture": [-1106946, -5612229],
      "foreignCurrencyExchange": [335744, -189480],
      "accretionOnLoanCommitment": [3129663, -1202860],
      "stockBasedCompensation": [0, 494185],
      "paymentsOfDefinedBenefitObligations": [-244778, -125434],
      "paymentsOfEmployeeBenefitObligations": [-275538, -407350],
      "paymentsOfAssetRetirementObligation": [-11626, -62008],
      "taxCreditRefund": [0, 6321175],
      "netChangeInNonCashWorkingCapitalItems": [7576484, -4246426],
      "cashUsedInOperatingActivities": [596991, -11648616],
      "considerationPaidOnInvestmentInJointVenturesOPS": [0, -23160249],
      "considerationPaidOnInvestmentInJointVenturesDOOG": [0, -3400517],
      "purchaseOfPropertyPlantAndEquipment": [-111842, -41308],
      "cashUsedInInvestingActivities": [-111842, -26602074],
      "subscriptionReceipts": [355017, 0],
      "optionsExercised": [4800, 0],
      "shareRepurchase": [0, -99111],
      "warrantsExercised": [0, 4270670],
      "cashProvidedByFinancingActivities": [359817, 4171559],
      "netChangeInCashAndRestrictedCash": [844966, -34079131],
      "impactOfForeignExchangeOnCash": [-885365, 672507],
      "cashAndRestrictedCashBeginning": [849180, 33624812],
      "cashAndRestrictedCashEnd": [808781, 218188]
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Joint Venture",
        "description": "Operaciones Petroleras Soledad S. de R.L. de C.V. (OPS) - 49% equity interest, with exclusive right to negotiate up to an additional 41%",
        "ownershipPercentage": 49,
        "value": 62018200,
        "notes": "Investment in OPS includes equity investment and loan commitment for capital and operational expenditures under the O&G Contract. The remaining commitment is USD 30 million (CAD 41.8 million) as of September 30, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 134223467,
      "classesOfShares": ["common shares"],
      "warrants": [],
      "options": [
        {
          "number": 1140000,
          "exercisePrice": 0.24,
          "expiryDate": "2026-04-13"
        },
        {
          "number": 3200000,
          "exercisePrice": 0.30,
          "expiryDate": "2026-10-01"
        },
        {
          "number": 50000,
          "exercisePrice": 0.56,
          "expiryDate": "2026-12-06"
        },
        {
          "number": 270000,
          "exercisePrice": 0.50,
          "expiryDate": "2027-01-13"
        },
        {
          "number": 1885000,
          "exercisePrice": 0.65,
          "expiryDate": "2027-04-28"
        },
        {
          "number": 3250000,
          "exercisePrice": 0.85,
          "expiryDate": "2027-10-04"
        },
        {
          "number": 1800000,
          "exercisePrice": 0.46,
          "expiryDate": "2029-09-04"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "3m 2025": {
          "salaries": 591871,
          "bonus": 0,
          "other": 58469,
          "total": 650340
        },
        "9m 2025": {
          "salaries": 1794832,
          "bonus": 0,
          "other": 173700,
          "total": 1968532
        },
        "3m 2024": {
          "salaries": 581388,
          "bonus": 0,
          "other": 57835,
          "total": 639223
        },
        "9m 2024": {
          "salaries": 2465879,
          "bonus": 0,
          "other": 185618,
          "total": 2651497
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Former Chief Midstream and Downstream Officer",
          "description": "Consulting agreement for US$10,000 per month until May 31, 2026",
          "amount": 10000,
          "period": "Monthly until May 2026",
          "currency": "USD"
        }
      ]
    },
    "subsequentEvents": []
  }
]