NEXE Innovations Balance Sheet

Financials in millions CAD. Fiscal year is June - May.

Millions CAD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	1.93	9.28	8.05	15.61	15.51	50.53
Short-Term Investments	8.67	3.03	3.04	0.04	12.96	1.88
Cash & Short-Term Investments	10.6	12.31	11.09	15.65	28.46	52.4
Cash Growth	-26.93%	11.04%	-29.14%	-45.02%	-45.69%	1482.53%
Accounts Receivable	0.04	0.08	0.01	0	0.02	-
Other Receivables	0.41	0.28	0.32	2.36	1.32	0.6
Receivables	0.45	0.36	0.32	2.36	1.34	0.6
Inventory	0.61	0.66	0.59	0.79	0.93	0.32
Prepaid Expenses	0.26	0.1	1.6	5.56	3.97	-
Other Current Assets	-	-	1.85	1.85	0.04	0.04
Total Current Assets	11.92	13.43	15.46	26.22	34.74	53.37
Property, Plant & Equipment	18.58	19.36	20.95	17.06	12.1	4.09
Other Intangible Assets	0.08	0.08	0.08	0.08	0.08	0.08
Other Long-Term Assets	1.47	1.47	-	-	2.25	0.13
Total Assets	32.04	34.34	36.49	43.36	49.17	57.68
Accounts Payable	2.02	2.21	2.14	2.86	1.57	1.52
Accrued Expenses	-	-	-	0.01	0.03	0.02
Short-Term Debt	-	-	-	-	-	0.8
Current Portion of Long-Term Debt	0.33	0.4	0.39	0.32	0.26	0.5
Current Portion of Leases	-	-	-	-	0.14	0.03
Current Income Taxes Payable	0.45	0.45	-	-	-	-
Current Unearned Revenue	0.05	0.01	0.08	0.01	1	1
Total Current Liabilities	2.85	3.07	2.62	3.2	3.01	3.87
Long-Term Debt	-	-	0.27	0.67	0.99	0.96
Long-Term Leases	-	-	-	-	0.38	0.51
Total Liabilities	2.85	3.07	2.89	3.87	4.38	5.34
Common Stock	66.19	66.19	66.19	66.19	66.88	66.68
Additional Paid-In Capital	8.71	8.71	8.71	8.71	7.89	7.91
Retained Earnings	-49.39	-46.92	-44.08	-37.55	-31.41	-23.07
Comprehensive Income & Other	3.68	3.3	2.77	2.14	1.43	0.82
Shareholders' Equity	29.19	31.27	33.6	39.49	44.79	52.34
Total Liabilities & Equity	32.04	34.34	36.49	43.36	49.17	57.68
Total Debt	0.33	0.4	0.67	0.99	1.77	2.8
Net Cash (Debt)	10.27	11.92	10.42	14.66	26.69	49.6
Net Cash Growth	-26.80%	14.32%	-28.92%	-45.06%	-46.19%	2582.73%
Net Cash Per Share	0.11	0.12	0.11	0.15	0.28	1.07
Filing Date Shares Outstanding	97.29	97.29	97.29	97.29	96.86	96.74
Total Common Shares Outstanding	97.29	97.29	97.29	97.29	96.86	96.63
Working Capital	9.07	10.37	12.84	23.01	31.73	49.5
Book Value Per Share	0.30	0.32	0.35	0.41	0.46	0.54
Tangible Book Value	29.11	31.19	33.52	39.41	44.71	52.26
Tangible Book Value Per Share	0.30	0.32	0.34	0.41	0.46	0.54
Land	1.24	1.24	1.24	1.24	1.58	0.34
Buildings	4.23	4.21	4.12	3.72	1.26	0.15
Machinery	21.83	21.74	21.64	15.19	6.56	3.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.