ENBRIDGE INC. (ENB) FY2025 Annual Balance Sheet

ENBRIDGE INC. (ENB) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

218,475,000,000 US dollars

Current assets

13,195,000,000 US dollars

Non-current assets

205,280,000,000 US dollars

Liabilities

152,551,000,000 US dollars

Current liabilities

21,004,000,000 US dollars

Non-current liabilities

131,547,000,000 US dollars

Equity

65,188,000,000 US dollars

Redeemable noncontrolling interest (Note 19)

736,000,000 US dollars

Noncontrolling interest

2,855,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Trade receivables and unbilled revenues

7,081,000,000 US dollars

Other current assets (Note 9)

3,230,000,000 US dollars

Inventory (Note 10)

1,621,000,000 US dollars

Cash and cash equivalents

1,094,000,000 US dollars

Accounts receivable from affiliates - Related Party

86,000,000 US dollars

Restricted cash

83,000,000 US dollars

Property, plant and equipment, net (Note 11)

131,598,000,000 US dollars

Goodwill (Note 15)

35,284,000,000 US dollars

Long-term investments (Note 13)

21,264,000,000 US dollars

Deferred amounts and other assets

11,149,000,000 US dollars

Intangible assets, net (Note 14)

3,991,000,000 US dollars

Restricted long-term investments and cash

1,293,000,000 US dollars

Deferred income taxes (Note 24)

701,000,000 US dollars

Trade payables and accrued liabilities

7,555,000,000 US dollars

Other current liabilities

6,174,000,000 US dollars

Current portion of long-term debt (Note 17)

5,031,000,000 US dollars

Interest payable

1,176,000,000 US dollars

Short-term borrowings (Note 17)

1,030,000,000 US dollars

Accounts payable to affiliates - Related Party

38,000,000 US dollars

Long-term debt (Note 17)

98,963,000,000 US dollars

Deferred income taxes (Note 24)

20,282,000,000 US dollars

Other long-term liabilities

12,302,000,000 US dollars

Common shares (2,182 and 2,178 outstanding at December 31, 2025 and 2024, respectively)

71,876,000,000 US dollars

Preference shares

6,818,000,000 US dollars

Accumulated other comprehensive income (Note 22)

4,681,000,000 US dollars

Additional paid-in capital

242,000,000 US dollars

Noncontrolling interests (Note 19)

2,855,000,000 US dollars

Deficit

negative 21,284,000,000 US dollars

Gross equity (calculated)

86,472,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.