Solar Alliance Energy : Financial Statements Q3, 2025

About this update from Solar Alliance Energy Inc.

SOLAR ALLIANCE ENERGY INC. CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS THREE AND NINE MONTHS ENDED September 30, 2025 (UNAUDITED) Condensed Interim Consolidated Statements of Financial Position (Expressed in Canadian Dollars) (Unaudited) As at As at September 30, December 31, Note 2025 2024 ASSETS Current assets Cash $ 31,355 $ 9,697 Accounts receivable 98,421 719,771 Prepaid expenses 145,070 140,083 Contract assets Inventory 481,806 - - - Total current assets 756,652 869,551 Non-current assets Deposits 3 44,915 45,128 Property, plant and equipment 4 65,204 80,866 Total non-current assets 110,119 125,994 Total assets $ 866,771 $ 995,545 LIABILITIES AND SHAREHOLDERS' DEFICIENCY Current liabilities Trade and other payables 5 & 13 $ 4,394,424 $ 3,244,392 Short-term loans and note payable 6 & 13 340,543 227,621 Contract liabilities 187,424 103,353 Contingent consideration 29,135 29,135 Government assistance 7` 60,000 60,000 Total current liabilities 5,011,526 3,664,501 Non-current liabilities Asset retirement obligations 8 122,415 119,550 Total non-current liabilities 122,415 119,550 Total liabilities 5,133,941 3,784,051 Shareholders' deficiency Share capital 9 49,225,521 49,225,521 Reserves 17,417,669 17,417,669 Accumulated other comprehensive income (199,095) 123,087 Deficit (70,711,265) (69,554,783) Total shareholders' deficiency (4,267,170) (2,788,506) Total liabilities and shareholders' deficiency $ 866,771 $ 995,545 The accompanying notes are an integral part of these unaudited condensed interim consolidated financial statements. Condensed Interim Consolidated Statements of Comprehensive Loss (Expressed in Canadian Dollars, except per share and share information) Three Months Note Ended September Three Months Ended September Nine Months Ended September Nine Months Ended September 30, 30, 30, 30, 2025 2024 2025 2024 Revenue $ 656,919 $ 945,303 $ 2,342,063 $ 3,321,692 Cost of sales (581,519) (505,959) (1,944,604) (2,028,653) Gross Profit 75,400 439,344 397,459 1,293,039 Expenses Depreciation 4 4,327 4,028 13,184 22,489 Consulting fees 13 18,000 117,000 18,000 136,233 Insurance and filing fees 4,519 6,895 13,558 20,867 Marketing and advertising (1,879) 8,223 18,865 31,286 Office, rent and utilities 133,404 81,141 308,211 326,368 Professional fees 69,614 95,572 233,682 169,340 Salaries and benefits 13 264,570 257,535 873,665 943,398 Share-ba...

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