SEDAR Interim Financial Statements

[
  {
    "companyName": "Rubellite Energy Corp.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "asAt": ["2025-09-30", "2024-12-31"],
      "currentAssets": {
        "cash": [0, 2555],
        "accountsReceivable": [20407, 26349],
        "prepaidExpensesDepositsAndOther": [2729, 2752],
        "productInventory": [3805, 3275],
        "riskManagementContracts": [4690, 9783]
      },
      "totalCurrentAssets": [31631, 44714],
      "propertyPlantAndEquipment": [477747, 461996],
      "explorationAndEvaluation": [32570, 29106],
      "rightOfUseAsset": [4602, 4930],
      "deferredTaxAsset": [11847, 21437],
      "riskManagementContractsNonCurrent": [312, 429],
      "totalAssets": [558709, 562612],
      "currentLiabilities": {
        "accountsPayableAndAccruedLiabilities": [54656, 60451],
        "riskManagementContracts": [812, 2765],
        "leaseLiabilities": [387, 357],
        "shareBasedCompensationLiability": [5346, 5357],
        "decommissioningObligations": [1415, 2000],
        "otherProvision": [3750, 3750]
      },
      "totalCurrentLiabilities": [66366, 74680],
      "bankDebt": [90639, 108500],
      "termLoan": [19128, 19027],
      "leaseLiabilitiesNonCurrent": [4432, 4608],
      "riskManagementContractsNonCurrentLiability": [0, 225],
      "shareBasedCompensationLiabilityNonCurrent": [1626, 914],
      "decommissioningObligationsNonCurrent": [31051, 29817],
      "otherProvisionNonCurrent": [11440, 14824],
      "totalLiabilities": [224682, 252595],
      "shareCapital": [207466, 206313],
      "contributedSurplus": [2863, 2863],
      "retainedEarnings": [123698, 100841],
      "totalEquity": [334027, 310017],
      "totalLiabilitiesAndEquity": [558709, 562612],
      "cashPerShare": 0.0000,
      "workingCapitalPerShare": -0.3728
    },
    "incomeStatement": {
      "periods": ["threeMonthsEnded2025-09-30", "threeMonthsEnded2024-09-30", "nineMonthsEnded2025-09-30", "nineMonthsEnded2024-09-30"],
      "revenueOilAndNaturalGas": [58290, 43682, 185439, 109303],
      "royalties": [-8003, -5259, -25083, -12529],
      "realizedGainLossOnRiskManagementContracts": [3966, 168, 8601, -578],
      "unrealizedGainLossOnRiskManagementContracts": [-7444, 11418, -3032, 1096],
      "otherIncome": [75, 0, 580, 0],
      "totalRevenue": [46884, 50009, 166505, 97292],
      "productionAndOperating": [7281, 4634, 22830, 9978],
      "transportation": [5201, 4202, 18139, 10581],
      "generalAndAdministrative": [3615, 2668, 12044, 7094],
      "shareBasedPayments": [2257, 824, 4607, 2203],
      "explorationAndEvaluation": [0, 13, 3316, 288],
      "gainOnDisposition": [-5500, 0, -5500, 0],
      "depletionAndDepreciation": [23614, 13118, 69950, 30759],
      "transactionCosts": [0, 2010, 132, 2010],
      "totalExpenses": [10416, 22540, 40987, 34379],
      "financeExpense": [-3008, -2134, -8669, -4354],
      "incomeBeforeIncomeTax": [7408, 20406, 32318, 30025],
      "deferredExpense": [-1762, -5396, -9461, -6800],
      "netIncomeAndComprehensiveIncome": [5646, 15010, 22857, 23225],
      "netIncomePerShareBasic": [0.06, 0.23, 0.25, 0.37],
      "netIncomePerShareDiluted": [0.06, 0.23, 0.24, 0.36]
    },
    "cashFlowStatement": {
      "periods": ["threeMonthsEnded2025-09-30", "threeMonthsEnded2024-09-30", "nineMonthsEnded2025-09-30", "nineMonthsEnded2024-09-30"],
      "netIncome": [5646, 15010, 22857, 23225],
      "depletionAndDepreciation": [23614, 13118, 69950, 30759],
      "shareBasedPayments": [2257, 824, 4607, 2203],
      "deferredTaxExpense": [1762, 5396, 9461, 6800],
      "unrealizedLossGainOnRiskManagementContracts": [7444, -11418, 3032, -1096],
      "nonCashFinanceExpense": [440, 99, 1303, 232],
      "gainOnDispositions": [-5500, 0, -5500, 0],
      "nonCashExplorationAndEvaluationExpense": [0, 0, 3198, 22],
      "paymentForShareBasedCompensation": [-1539, 0, -2624, 0],
      "paymentForOtherProvision": [0, 0, -3750, 0],
      "decommissioningObligationsSettled": [-394, -122, -1286, -270],
      "changeInNonCashWorkingCapital": [1223, -2934, -3352, -5489],
      "netCashFlowsFromOperatingActivities": [34953, 19973, 97896, 56386],
      "paymentForShareBasedCompensationFinancing": [0, 0, 0, -574],
      "termLoanNetOfIssueCosts": [0, 18964, 0, 18964],
      "paymentLeaseLiabilities": [-89, 0, -286, 0],
      "repaymentOfAcquiredBankDebt": [0, -14215, 0, -14215],
      "changeInBankDebt": [-15573, 61322, -17861, 62836],
      "netCashFlowsFromFinancingActivities": [-15662, 66071, -18147, 67011],
      "developmentAndProductionExpenditures": [-34854, -28348, -84407, -58115],
      "corporateExpenditures": [-199, -52, -396, -2969],
      "explorationAndEvaluationExpenditures": [-312, -8250, -6662, -12285],
      "acquisitions": [0, -62732, 0, -62732],
      "proceedsFromDispositions": [5500, 0, 5500, 0],
      "changeInNonCashWorkingCapitalInvesting": [10574, 13338, 3661, 12704],
      "netCashFlowsUsedInInvestingActivities": [-19291, -86044, -82304, -123397],
      "changeInCash": [0, 0, -2555, 0],
      "cashBeginningOfPeriod": [0, 0, 2555, 0],
      "cashEndOfPeriod": [0, 0, 0, 0]
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Exploration and evaluation assets",
        "ownershipPercentage": 100,
        "value": 32570,
        "notes": "Carrying amount as at September 30, 2025"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 93670,
      "classesOfShares": ["common"],
      "warrants": [],
      "options": [
        {
          "number": 2977,
          "exercisePrice": null,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEnded2025-09-30": {
          "shareBasedPaymentExpense": 2257
        },
        "nineMonthsEnded2025-09-30": {
          "shareBasedPaymentExpense": 4607
        },
        "threeMonthsEnded2024-09-30": {
          "shareBasedPaymentExpense": 824
        },
        "nineMonthsEnded2024-09-30": {
          "shareBasedPaymentExpense": 2203
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Entities controlled or directed by the CEO",
          "description": "Term loan held by entities controlled or directed by the CEO",
          "amount": 18400,
          "period": "As at September 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Subsequent to September 30, 2025, the Company has drilled an additional three (3.0 net) wells for a total of twenty seven (27.0 net) wells required to meet the drilling commitment.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Subsequent to September 30, 2025, the Company entered into oil commodity risk management contracts: 1,000 bbl/d Oct 2025 - Dec 2025 WCS Differential (US$/bbl) Swap - sold at ($11.50) and 1,000 bbl/d Jan 2026 - Dec 2026 WCS Differential (US$/bbl) Swap - sold at ($12.50).",
        "impactValue": null
      }
    ]
  }
]