Next Hydrogen Solutions Income Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3.01	1.36	0.95	0.72	0.18	1.78
Revenue Growth (YoY)	46.49%	43.11%	31.92%	306.32%	-90.00%	-
Cost of Revenue	1.03	1.7	1.24	1.43	5.99	-
Gross Profit	1.98	-0.33	-0.29	-0.71	-5.82	1.78
Selling, General & Admin	5.15	5.68	5.14	6.17	6.14	1,769
Depreciation & Amortization Expenses	-	-	-	-	-	40.51
Research & Development	5.27	8.63	7.07	7.71	6.4	1,915
Other Operating Expenses	-	-	-	-	-	1,249
Total Operating Expenses	10.41	14.31	12.2	13.88	12.54	4,974
Operating Income	-8.44	-14.65	-12.49	-14.59	-18.36	-4,972
Interest Expense	-0.75	-0	0.48	0.31	-0.27	-762.61
Other Non-Operating Income (Expense)	-	-	-	-	7.99	1,116
Total Non-Operating Income (Expense)	-0.75	-0	0.48	0.31	7.72	353.52
Pretax Income	-8.89	-14.65	-12.01	-14.28	-10.64	-4,618
Provision for Income Taxes	-	0.05	-	-	-	-
Net Income	-9.41	-14.6	-12.01	-14.28	-26.61	-6,851
Net Income to Common	-9.41	-14.6	-12.01	-14.28	-26.61	-6,851
Shares Outstanding (Basic)	23	23	23	23	20	9
Shares Outstanding (Diluted)	23	23	23	23	20	9
Shares Change (YoY)	0.37%	0.06%	0.01%	16.86%	120.49%	-5.98%
EPS (Basic)	-0.41	-0.64	-0.52	-0.62	-1.36	-0.77
EPS (Diluted)	-0.41	-0.64	-0.52	-0.62	-1.36	-0.77
Free Cash Flow	-10.4	-10.69	-10.75	-16.66	-13.62	-3.85
Free Cash Flow Per Share	-0.45	-0.47	-0.47	-0.73	-0.70	-0.43
Gross Margin	65.68%	-24.54%	-30.34%	-98.68%	-3274.52%	100.00%
Operating Margin	-280.04%	-1075.21%	-1312.46%	-2022.03%	-10337.71%	-280105.92%
Profit Margin	-312.53%	-1071.53%	-1262.09%	-1978.74%	-14985.53%	-385950.20%
FCF Margin	-345.27%	-784.63%	-1129.23%	-2309.41%	-7671.23%	-216.96%
EBITDA	-7.39	-13.7	-11.62	-13.88	-18.08	-4,972
EBITDA Margin	-245.37%	-1005.50%	-1220.82%	-1923.90%	-10180.75%	-280103.63%
EBIT	-8.44	-14.65	-12.49	-14.59	-18.36	-4,972
EBIT Margin	-280.04%	-1075.21%	-1312.46%	-2022.03%	-10337.71%	-280105.92%
Effective Tax Rate	-	-0.36%	0.00%	0.00%	0.00%	0.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.