Helium Evolution Incorporated (TSXV:HEVI)

Helium Evolution Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	8.57	3.83	6.33	9.13	0.17
Short-Term Investments	0.1	0.03	0.07	0.04	0.51
Cash & Short-Term Investments	8.66	3.86	6.4	9.16	0.68
Cash Growth	93.22%	-39.60%	-30.20%	1251.62%	-
Other Receivables	0.07	0.06	0.08	0.26	0.05
Receivables	0.07	0.06	0.08	0.26	0.05
Inventory	-	-	-	0.99	-
Restricted Cash	-	-	-	-	12.3
Total Current Assets	8.73	3.92	6.47	10.42	13.02
Property, Plant & Equipment	13.12	6.26	4.38	2.6	0.64
Other Long-Term Assets	0.1	0.42	0.78	-	-
Total Assets	21.95	10.6	11.64	13.02	13.67
Accounts Payable	1.36	0.73	0.71	0.16	0.2
Current Portion of Leases	0.02	0.02	0.02	0.02	0.02
Other Current Liabilities	-	-	-	-	12.3
Total Current Liabilities	9.74	0.75	0.73	0.18	12.51
Long-Term Leases	0.02	0	0.02	0.01	0.02
Other Long-Term Liabilities	0.53	0.15	0.12	0.03	-
Total Liabilities	10.29	0.91	0.87	0.23	12.53
Common Stock	23.17	19.22	19.22	19.22	1.92
Additional Paid-In Capital	3.63	3.6	2.41	0.93	0.08
Retained Earnings	-15.75	-13.12	-11.73	-8.78	-1.41
Comprehensive Income & Other	0.61	-	0.87	1.43	0.55
Shareholders' Equity	11.66	9.7	10.77	12.8	1.14
Total Liabilities & Equity	21.95	10.6	11.64	13.02	13.67
Total Debt	8.4	0.02	0.04	0.03	0.03
Net Cash (Debt)	0.26	3.84	6.35	9.14	0.65
Net Cash Growth	-94.19%	-39.54%	-30.45%	1316.28%	-
Net Cash Per Share	0.00	0.04	0.07	0.12	0.03
Filing Date Shares Outstanding	163.01	112.29	96.03	96.03	34
Total Common Shares Outstanding	122.97	96.03	96.03	96.03	34
Working Capital	-1.01	3.17	5.74	10.24	0.51
Book Value Per Share	0.09	0.10	0.11	0.13	0.03
Tangible Book Value	11.66	9.7	10.77	12.8	1.14
Tangible Book Value Per Share	0.09	0.10	0.11	0.13	0.03
Machinery	-	-	-	-	0.06

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.