Hillcrest Energy Technologies Ltd. (CSE:HEAT)

CSE:HEAT Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Assets

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.06	0.02	0.07	0.46	3.69
Cash & Short-Term Investments	0.06	0.02	0.07	0.46	3.69
Cash Growth	276.43%	-79.04%	-83.70%	-87.62%	445.06%
Other Receivables	0.13	0.03	0.15	0.14	0.04
Receivables	0.13	0.03	0.15	0.14	0.04
Prepaid Expenses	0.05	0.8	0.22	0.25	0.54
Other Current Assets	0.11	0.12	0.08	0.07	0.17
Total Current Assets	0.34	0.96	0.53	0.91	4.43
Property, Plant & Equipment	0.12	0.39	0.6	0.65	0.61
Other Intangible Assets	1.55	1.55	1.55	1.55	1.55
Other Long-Term Assets	0.06	0.06	0.04	0.01	0.04
Total Assets	2.07	2.96	2.71	3.12	6.63

Liabilities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	2.92	1.27	0.97	0.22	0.31
Accrued Expenses	0.51	0.13	0.1	0.09	0.33
Short-Term Debt	2.05	-	-	-	-
Current Portion of Leases	0.12	0.09	0.07	0.08	0.07
Other Current Liabilities	0.7	2.34	-	-	-
Total Current Liabilities	6.3	3.84	1.13	0.39	0.71
Long-Term Leases	0.11	0.23	0.2	0.03	0.11
Other Long-Term Liabilities	-	-	0.26	0.27	0.57
Total Liabilities	6.42	4.07	1.59	0.69	1.39

Shareholders' Equity

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	47.94	43.98	35.95	30.61	29.2
Additional Paid-In Capital	8.11	8.58	7.25	5.15	4.8
Retained Earnings	-61.24	-53.97	-43.01	-34.88	-28.52
Comprehensive Income & Other	0.84	0.3	0.93	1.54	-0.23
Shareholders' Equity	-4.35	-1.11	1.12	2.43	5.25
Total Liabilities & Equity	2.07	2.96	2.71	3.12	6.63

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2.28	0.32	0.26	0.11	0.18
Net Cash (Debt)	-2.22	-0.31	-0.19	0.35	3.51
Net Cash Growth	-	-	-	-90.15%	981.79%
Net Cash Per Share	-0.02	-0.00	-0.00	0.01	0.08
Filing Date Shares Outstanding	200.54	100.44	66.49	58.88	53.4
Total Common Shares Outstanding	132.69	99.27	66.49	55	53.19
Working Capital	-5.96	-2.88	-0.6	0.52	3.73
Book Value Per Share	-0.03	-0.01	0.02	0.04	0.10
Tangible Book Value	-5.9	-2.66	-0.43	0.88	3.7
Tangible Book Value Per Share	-0.04	-0.03	-0.01	0.02	0.07
Machinery	0.74	0.74	0.67	0.72	0.56
Leasehold Improvements	-	-	0.07	-	-

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 6, 2026

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