Headwater Exploration Inc. (CDDRF)

Headwater Exploration Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	125.4	142.69	146.05	175.45	114.7	76.77
Cash & Short-Term Investments	125.4	142.69	146.05	175.45	114.7	76.77
Cash Growth	-2.22%	-2.30%	-16.75%	52.96%	49.41%	25.95%
Accounts Receivable	51.21	56.22	41.14	42.24	30.1	4.98
Other Receivables	1.2	2.4	7.37	0.9	0.5	0.5
Receivables	52.41	58.62	48.52	43.14	30.6	5.48
Inventory	1.14	1.19	0.79	1.24	0.81	0.57
Prepaid Expenses	3.21	1.7	1.46	0.99	0.49	0.45
Restricted Cash	2.35	0.35	0.35	0.35	0.35	1.83
Other Current Assets	0.98	3.09	3.76	0.42	0.77	0.07
Total Current Assets	185.48	207.65	200.92	221.59	147.72	85.17
Property, Plant & Equipment	794.75	742.11	634.31	510.91	340.75	215.18
Other Long-Term Assets	2.5	2.88	1.11	2.24	0.34	0.34
Total Assets	982.73	952.64	836.34	734.74	488.81	300.69
Accounts Payable	77.67	70.85	73.72	71.4	52.97	4.11
Accrued Expenses	10.08	14.77	2.43	0.83	0.2	0.09
Current Portion of Leases	0.79	0.63	0.03	0.63	0.86	0.14
Current Income Taxes Payable	-	14.67	22.4	14.39	-	-
Other Current Liabilities	32.09	28	23.74	24.91	3.92	10.31
Total Current Liabilities	120.64	128.91	122.31	112.16	57.95	14.64
Long-Term Leases	1.63	2.09	0.81	0.24	0.7	0.3
Long-Term Deferred Tax Liabilities	61.62	55.36	49.86	39.95	4.78	-
Other Long-Term Liabilities	63.78	66.81	52.85	39.06	27.6	16.72
Total Liabilities	247.67	253.18	225.84	191.41	91.02	31.66
Common Stock	487.04	486.98	483.01	479.16	469.52	387.39
Additional Paid-In Capital	10.79	10.97	18.97	17.31	14.69	11.66
Retained Earnings	237.22	201.51	108.52	46.86	-91.85	-137.68
Comprehensive Income & Other	-	-	-	0	5.44	7.66
Shareholders' Equity	735.06	699.46	610.5	543.34	397.79	269.03
Total Liabilities & Equity	982.73	952.64	836.34	734.74	488.81	300.69
Total Debt	2.42	2.72	0.84	0.86	1.55	0.44
Net Cash (Debt)	122.98	139.97	145.21	174.59	113.15	76.34
Net Cash Growth	-3.49%	-3.61%	-16.83%	54.29%	48.23%	25.82%
Net Cash Per Share	0.52	0.59	0.61	0.76	0.52	0.53
Filing Date Shares Outstanding	237.76	237.77	236.67	234.04	223.73	195.41
Total Common Shares Outstanding	237.76	237.76	236.58	233.92	217.68	195.11
Working Capital	64.84	78.74	78.61	109.43	89.78	70.53
Book Value Per Share	3.09	2.94	2.58	2.32	1.83	1.38
Tangible Book Value	735.06	699.46	610.5	543.34	397.79	269.03
Tangible Book Value Per Share	3.09	2.94	2.58	2.32	1.83	1.38

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