Thermal Energy International Inc. (TSXV:TMG)

TSXV:TMG Balance Sheet

Financials in millions CAD. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Cash & Equivalents	2.8	6.97	3	2.63	4.24
Cash & Short-Term Investments	2.8	6.97	3	2.63	4.24
Cash Growth	-59.82%	132.13%	14.03%	-37.95%	-11.18%
Accounts Receivable	4.37	3.79	5.72	2.59	2.42
Other Receivables	0.14	0.51	0.41	0.57	0.76
Receivables	4.52	4.3	6.13	3.16	3.18
Inventory	1.83	1.59	1.47	1.05	0.96
Prepaid Expenses	0.77	1.35	0.43	0.17	0.2
Total Current Assets	9.91	14.21	11.03	7.01	8.58
Property, Plant & Equipment	1.33	1.81	1.55	1.54	1.82
Other Intangible Assets	0.49	0.63	0.85	1.03	1.03
Long-Term Deferred Tax Assets	0.22	0.14	0.09	0.02	0.11
Total Assets	11.95	16.79	13.51	9.6	11.55
Accounts Payable	1.51	2.43	2.24	0.66	0.8
Accrued Expenses	1.3	2.07	2.03	0.99	0.93
Current Portion of Long-Term Debt	0.33	0.92	0.92	0.8	0.85
Current Portion of Leases	0.39	0.31	0.21	0.19	0.22
Current Income Taxes Payable	0.08	0.06	0.01	0.06	0.02
Current Unearned Revenue	2.72	4.34	2.09	1.06	1.6
Other Current Liabilities	1.18	0.57	0.49	0.48	0.36
Total Current Liabilities	7.51	10.7	7.99	4.24	4.77
Long-Term Debt	0	1.43	2.35	3.14	2.41
Long-Term Leases	0.86	1.23	1.25	1.18	1.34
Long-Term Deferred Tax Liabilities	0	0	0	0	0.06
Total Liabilities	8.38	13.37	11.59	8.55	8.58
Common Stock	32.8	33.25	32.53	32.48	32.44
Additional Paid-In Capital	4.9	4.66	4.94	4.74	4.53
Retained Earnings	-34.66	-34.73	-35.66	-36.38	-34.46
Comprehensive Income & Other	0.54	0.29	0.17	0.24	0.53
Total Common Equity	3.57	3.46	1.97	1.08	3.04
Minority Interest	-0	-0.04	-0.05	-0.03	-0.08
Shareholders' Equity	3.57	3.42	1.92	1.04	2.96
Total Liabilities & Equity	11.95	16.79	13.51	9.6	11.55
Total Debt	1.59	3.89	4.73	5.31	4.81
Net Cash (Debt)	1.21	3.07	-1.73	-2.68	-0.57
Net Cash Growth	-60.58%	-	-	-	-
Net Cash Per Share	0.01	0.02	-0.01	-0.02	-0.00
Filing Date Shares Outstanding	173.11	172.73	164.48	164.14	163.89
Total Common Shares Outstanding	173.11	172.73	164.48	164.14	163.89
Working Capital	2.4	3.51	3.03	2.78	3.81
Book Value Per Share	0.02	0.02	0.01	0.01	0.02
Tangible Book Value	3.08	2.84	1.12	0.05	2.01
Tangible Book Value Per Share	0.02	0.02	0.01	0.00	0.01
Machinery	1.51	1.41	1.29	1.18	1.12
Leasehold Improvements	0.46	0.44	0.2	0.2	0.2
Order Backlog	12.9	18.7	13	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.