Next Hydrogen Solutions Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	14.94	18.52	3.59	10.91	22.08	39.2
Cash & Short-Term Investments	14.94	18.52	3.59	10.91	22.08	39.2
Cash Growth	875.02%	416.29%	-67.13%	-50.60%	-43.66%	3489.28%
Accounts Receivable	0.67	0.33	0.39	1.51	0.72	0.89
Other Receivables	-	-	-	-	-	0.12
Total Trade Receivables	0.67	0.33	0.39	1.51	0.72	1.01
Inventory	1.6	1.55	3.05	3.31	2.89	2
Other Current Assets	0.89	0.27	0.37	0.52	0.4	1.23
Total Current Assets	18.1	20.66	7.4	16.25	26.08	43.44
Net Property, Plant & Equipment	8.73	7.8	7.32	8.33	6.54	3.01
Other Intangible Assets	0.39	0.42	0.62	0.72	0.94	1.14
Other Long-Term Assets	0.09	0.1	0.12	0.14	0.16	0.1
Total Assets	27.31	28.97	15.46	25.44	33.73	47.69
Accounts Payable	1.16	2.31	3.06	1.71	1.09	2.32
Short-Term Debt	-	-	-	-	0.06	0.06
Current Portion of Long-Term Debt	5.84	5.63	0.02	0.06	0.08	0.14
Current Portion of Leases	0.09	0.17	0.11	0.09	0.07	0.05
Unearned Revenue	0.75	-	2.64	2.31	0.05	1.78
Other Current Liabilities	0.17	0.16	0.27	0.07	0.11	0.08
Total Current Liabilities	8.01	8.27	6.1	4.25	1.46	4.44
Long-Term Debt	1.14	1.16	3	0.02	0.09	0.16
Long-Term Leases	2.5	1.37	1.54	1.66	1.75	1.82
Other Long-Term Liabilities	6.04	6.09	6.19	6.91	6.53	5.08
Total Long-Term Liabilities	9.69	8.62	10.73	8.59	8.37	7.06
Total Liabilities	17.7	16.89	16.83	12.84	9.82	11.5
Common Stock	97.35	97.35	76.42	76.42	76.39	76.39
Additional Paid-in Capital	7.08	6.75	6.58	5.96	5.27	3.27
Retained Earnings	-94.82	-92.02	-84.37	-69.77	-57.76	-43.48
Shareholders' Equity	9.61	12.08	-1.37	12.61	23.91	36.19
Total Liabilities & Equity	27.31	28.97	15.46	25.44	33.73	47.69
Total Debt	9.58	8.34	4.68	1.83	2.04	2.24
Net Cash (Debt)	5.37	10.18	-1.09	9.08	20.04	36.96
Net Cash Growth	-47.26%	-	-	-54.72%	-45.78%	-
Net Cash Per Share	0.08	0.41	-0.05	0.40	0.88	1.89
Book Value	9.61	12.08	-1.37	12.61	23.91	36.19
Book Value Per Share	0.14	0.48	-0.06	0.55	1.04	1.85
Tangible Book Value	9.22	11.67	-2	11.88	22.96	35.05
Tangible Book Value Per Share	0.13	0.47	-0.09	0.52	1.00	1.79