Headwater Exploration Inc. (TSX:HWX)

Headwater Exploration Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	87.66	99.66	142.69	146.05	175.45	114.7
Cash & Short-Term Investments	87.66	99.66	142.69	146.05	175.45	114.7
Cash Growth	-30.10%	-30.16%	-2.30%	-16.75%	52.96%	49.41%
Accounts Receivable	66.03	52.2	56.12	41.14	42.24	30.1
Other Receivables	0.2	0.8	2.4	7.37	0.9	0.5
Receivables	66.23	53	58.52	48.52	43.14	30.6
Inventory	1.08	1.08	1.19	0.79	1.24	0.81
Prepaid Expenses	3.67	1.56	1.7	1.46	0.99	0.49
Restricted Cash	2.35	2.35	0.35	0.35	0.35	0.35
Other Current Assets	1.7	0.39	3.19	3.76	0.42	0.77
Total Current Assets	162.68	158.04	207.65	200.92	221.59	147.72
Property, Plant & Equipment	933.17	834.87	742.11	634.31	510.91	340.75
Other Long-Term Assets	1.81	2.26	2.88	1.11	2.24	0.34
Total Assets	1,098	995.17	952.64	836.34	734.74	488.81

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	94.7	65.7	70.85	73.72	71.4	52.97
Accrued Expenses	19.89	28.71	14.77	2.43	0.83	0.2
Current Portion of Leases	1	0.96	0.63	0.03	0.63	0.86
Current Income Taxes Payable	0.67	0.79	14.67	22.4	14.39	-
Other Current Liabilities	36.22	31.94	28	23.74	24.91	3.92
Total Current Liabilities	152.48	128.09	128.91	122.31	112.16	57.95
Long-Term Leases	0.78	1.33	2.09	0.81	0.24	0.7
Long-Term Deferred Tax Liabilities	79.48	63.95	55.36	49.86	39.95	4.78
Other Long-Term Liabilities	50.47	53.65	66.81	52.85	39.06	27.6
Total Liabilities	283.21	247.01	253.18	225.84	191.41	91.02

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	487.38	487.38	486.98	483.01	479.16	469.52
Additional Paid-In Capital	10.79	10.79	10.97	18.97	17.31	14.69
Retained Earnings	316.28	249.99	201.51	108.52	46.86	-91.85
Comprehensive Income & Other	-	-	-	-	0	5.44
Shareholders' Equity	814.45	748.16	699.46	610.5	543.34	397.79
Total Liabilities & Equity	1,098	995.17	952.64	836.34	734.74	488.81

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1.78	2.28	2.72	0.84	0.86	1.55
Net Cash (Debt)	85.88	97.37	139.97	145.21	174.59	113.15
Net Cash Growth	-30.17%	-30.44%	-3.61%	-16.83%	54.29%	48.23%
Net Cash Per Share	0.36	0.41	0.59	0.61	0.76	0.52
Filing Date Shares Outstanding	237.76	237.76	237.77	236.67	234.04	223.73
Total Common Shares Outstanding	237.76	237.76	237.76	236.58	233.92	217.68
Working Capital	10.2	29.95	78.74	78.61	109.43	89.78
Book Value Per Share	3.43	3.15	2.94	2.58	2.32	1.83
Tangible Book Value	814.45	748.16	699.46	610.5	543.34	397.79
Tangible Book Value Per Share	3.43	3.15	2.94	2.58	2.32	1.83

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

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 26, 2026

Data Sources Report a data error