Next Hydrogen Solutions Inc. (TSXV:NXH)

Next Hydrogen Solutions 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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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	-	-	-	-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

Data Source: Fiscal.ai Last updated: May 26, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 30, 2026

Data Sources Report a data error