Company: TSLTF
Filing Date: 2025-12-12
Form Type: SUPPL
Source: 0001193125-25-317786
Chunk: 337

Company: TRANSALTA CORP
Filing Date: 2025-12-12
Form: SUPPL
Chunk 337
---
                                                                             |     |                |  (5 | ) |     |      |   1 |   |     |                |  (16 | ) |     |      |  14 |   |
|                                                                                |     |                | (25 | ) |     |      |  47 |   |     |                | (147 | ) |     |      | 439 |   |

| (1) | Net of income tax expense of nil million and $1 million for the three and nine months ended 
 Sept. 30, 2025 (Sept. 30, 2024 — $1 million recovery and $2 million expense).               |

| (2) | Net of income tax recovery of $1 million and expense of $1 million for the three and            
 nine months ended Sept. 30, 2025 (Sept. 30, 2024 — $1 million expense and $1 million recovery). |

| (3) | Net of income tax expense of $8 million and $2 million for the three and nine months 
 ended Sept. 30, 2025 (Sept. 30, 2024 — $22 million expense and $38 million expense). |

| (4) | Net of reclassification of income tax recovery of nil and $10 million for the three and nine 
 months ended Sept. 30, 2025 (Sept. 30, 2024 — $2 million recovery and $1 million expense).   |

See accompanying notes.

| F2 |     | TransAlta Corporation |

Condensed Consolidated Statements of Financial Position (in millions of Canadian dollars)

|                                                                            | Unaudited |     | Sept. 30, 2025 |   |     |     | Dec. 31, 2024 |   |
|:---------------------------------------------------------------------------|:----------|:----|---------------:|:--|:----|:----|--------------:|:--|
| Current assets                                                             |           |     |                |   |     |     |               |   |
| Cash and cash equivalents                                                  |           |     |            211 |   |     |     |           337 |   |
| Restricted cash (Note 16)                                                  |           |     |             70 |   |     |     |            69 |   |
| Trade and other receivables (Note 9)                                       |           |     |            768 |   |     |     |           767 |   |