Charbone Hydrogen Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 5,067 | 64,525 | 79,085 | -- |
| Operating Revenue | 0.00 | 0.00 | 5,067 | 64,525 | 79,085 | -- |
| Selling General And Administration | 519,697 | 640,488 | 1.1M | 723,433 | 497,273 | -- |
| General And Administrative Expense | 465,511 | 568,558 | 999,521 | 637,872 | 407,796 | -- |
| Research And Development | -- | -- | 6,761 | -- | -- | -- |
| Depreciation And Amortization In Income Statement | 80,412 | 80,153 | 80,931 | 78,518 | 78,538 | -- |
| Operating Expense | 600,109 | 720,641 | 1.2M | 811,885 | 575,811 | -- |
| Operating Income | -600,109 | -720,641 | -1.2M | -747,360 | -496,726 | -- |
| EBIT | -630,617 | -371,925 | -1.1M | -896,205 | -505,457 | -- |
| Interest Expense | 86,556 | 70,542 | 90,523 | 54,797 | 99,751 | -- |
| Interest Expense Non Operating | 86,556 | 70,542 | 90,523 | 54,797 | 99,751 | -- |
| Net Interest Income | -86,556 | 184,198 | -49,190 | -54,797 | -99,751 | -- |
| Other Income Expense | -30,508 | 93,976 | 42,123 | -148,845 | -8,731 | -- |
| Other Non Operating Income Expenses | 22,950 | 22,747 | -- | -- | -- | -- |
| Special Income Charges | -6,984 | 0.00 | 0.00 | -93,528 | 0.00 | -- |
| Gain On Sale Of Security | -46,474 | 71,229 | 42,123 | -55,317 | -8,731 | -- |
| Pretax Income | -717,173 | -442,467 | -1.2M | -951,002 | -605,208 | -- |
| Tax Provision | 2,067 | 2,075 | 2,153 | 88.00 | 4,055 | -- |
| Tax Effect Of Unusual Items | -8,019 | 10,684 | 6,318 | -22,327 | -1,310 | -- |
| Net Income From Continuing And Discontinued Operation | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Net Income From Continuing Operation Net Minority Interest | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Net Income Including Noncontrolling Interests | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Net Income Common Stockholders | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Net Income | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| EBITDA | -550,204 | -291,772 | -1.0M | -817,687 | -426,919 | -- |
| Normalized EBITDA | -496,746 | -363,001 | -1.1M | -668,842 | -418,188 | -- |
| Reconciled Depreciation | 80,413 | 80,152 | 80,931 | 78,518 | 78,538 | -- |
| Basic EPS | -0.01 | -0.00 | -0.01 | -- | -0.01 | -0.01 |
| Diluted EPS | -0.01 | -0.00 | -0.01 | -- | -0.01 | -0.01 |
| Basic Average Shares | 118.5M | 114.5M | 108.9M | -- | 105.8M | 100.3M |
| Diluted Average Shares | 118.5M | 114.5M | 108.9M | -- | 105.8M | 100.3M |
| Total Unusual Items | -53,458 | 71,229 | 42,123 | -148,845 | -8,731 | -- |
| Total Unusual Items Excluding Goodwill | -53,458 | 71,229 | 42,123 | -148,845 | -8,731 | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | -- |
| Normalized Income | -673,801 | -505,087 | -1.2M | -824,572 | -601,842 | -- |
| Amortization | 5,945 | 5,971 | 6,194 | 6,033 | 10,122 | -- |
| Amortization Of Intangibles Income Statement | 5,945 | 5,971 | 6,194 | 6,033 | 10,122 | -- |
| Depreciation Amortization Depletion Income Statement | 80,412 | 80,153 | 80,931 | 78,518 | 78,538 | -- |
| Depreciation Income Statement | 74,467 | 74,182 | 74,737 | 72,485 | 68,416 | -- |
| Diluted NI Availto Com Stockholders | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Gain On Sale Of Ppe | 0.00 | 0.00 | -- | 0.00 | 0.00 | -104,500 |
| Net Income Continuous Operations | -719,240 | -444,542 | -1.2M | -951,090 | -609,263 | -- |
| Net Non Operating Interest Income Expense | -86,556 | 184,198 | -49,190 | -54,797 | -99,751 | -- |
| Other Gand A | 378,489 | 475,810 | 659,273 | 444,747 | 316,506 | -- |
| Other Special Charges | 6,984 | -- | -- | 0.00 | -- | -37,887 |
| Salaries And Wages | 87,022 | 92,748 | 340,248 | 193,125 | 91,290 | -- |
| Selling And Marketing Expense | 54,186 | 71,930 | 96,420 | 85,561 | 89,477 | -- |
| Total Expenses | 600,109 | 720,641 | 1.2M | 811,885 | 575,811 | -- |
| Total Operating Income As Reported | -577,159 | -697,894 | -1.2M | -840,888 | -496,726 | -- |
| Total Other Finance Cost | -- | -254,740 | -41,333 | 0.00 | -- | -151,107 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 486,296 | 11,785 | 48,448 | 452,739 | 34,428 | -- |
| Cash Cash Equivalents And Short Term Investments | 486,296 | 11,785 | 48,448 | 452,739 | 34,428 | -- |
| Cash Financial | 486,296 | 11,785 | 48,448 | 452,739 | 34,428 | -- |
| Accounts Receivable | 0.00 | 0.00 | 2,300 | 4,717 | 28,177 | -- |
| Receivables | 340,489 | 165,549 | 70,102 | 115,839 | 106,208 | -- |
| Prepaid Assets | 123,351 | 66,351 | 28,189 | 56,263 | 141,917 | -- |
| Current Assets | 950,136 | 243,685 | 146,739 | 624,841 | 282,553 | -- |
| Gross PPE | 9.6M | 7.4M | 7.0M | 6.8M | 4.4M | -- |
| Accumulated Depreciation | -1.2M | -1.1M | -1.0M | -967,324 | -793,236 | -- |
| Net PPE | 8.4M | 6.3M | 6.0M | 5.8M | 3.7M | -- |
| Goodwill And Other Intangible Assets | 149,210 | 152,012 | 166,385 | 172,746 | 188,525 | -- |
| Other Non Current Assets | 231,970 | 225,769 | 213,822 | 213,969 | 200,433 | -- |
| Total Non Current Assets | 8.8M | 6.7M | 6.4M | 6.2M | 4.1M | -- |
| Total Assets | 9.8M | 6.9M | 6.5M | 6.8M | 4.4M | -- |
| Current Debt | 2.0M | 1.7M | 1.7M | 1.7M | 589,897 | -- |
| Current Debt And Capital Lease Obligation | 2.2M | 1.9M | 1.9M | 1.8M | 719,416 | -- |
| Accounts Payable | 5.7M | 3.2M | 3.5M | 3.5M | 3.2M | -- |
| Payables | 5.7M | 3.2M | 3.6M | 3.5M | 3.2M | -- |
| Payables And Accrued Expenses | 6.0M | 3.4M | 3.8M | 3.6M | 3.3M | -- |
| Current Accrued Expenses | 298,112 | 232,549 | 185,187 | 111,178 | 98,931 | -- |
| Other Current Liabilities | -666,667 | -- | -- | -- | -1.00 | -- |
| Current Liabilities | 7.6M | 5.3M | 5.6M | 5.4M | 4.1M | -- |
| Long Term Debt | 1.6M | 1.5M | 1.6M | 1.5M | 1.2M | -- |
| Long Term Debt And Capital Lease Obligation | 2.6M | 2.6M | 2.6M | 2.6M | 2.3M | -- |
| Long Term Capital Lease Obligation | 1.0M | 1.0M | 1.1M | 1.1M | 1.1M | -- |
| Total Non Current Liabilities Net Minority Interest | 3.3M | 2.6M | 2.7M | 2.8M | 2.3M | -- |
| Total Liabilities Net Minority Interest | 10.9M | 7.9M | 8.3M | 8.2M | 6.4M | -- |
| Common Stock | 16.4M | 16.0M | 14.9M | 14.3M | 12.8M | -- |
| Capital Stock | 16.4M | 16.0M | 14.9M | 14.3M | 12.8M | -- |
| Additional Paid In Capital | 2.1M | 2.1M | 1.0M | 550,979 | 317,063 | -- |
| Retained Earnings | -20.4M | -19.7M | -19.2M | -18.1M | -17.1M | -- |
| Gains Losses Not Affecting Retained Earnings | 38,241 | 26,100 | 56,138 | 56,728 | 6,484 | -- |
| Other Equity Adjustments | 38,241 | 26,100 | 56,138 | 56,728 | 6,484 | -- |
| Common Stock Equity | -1.1M | -1.0M | -1.8M | -1.4M | -2.0M | -- |
| Stockholders Equity | -1.1M | -1.0M | -1.8M | -1.4M | -2.0M | -- |
| Total Equity Gross Minority Interest | -1.1M | -1.0M | -1.8M | -1.4M | -2.0M | -- |
| Total Capitalization | 432,361 | 531,666 | -241,694 | 181,263 | -786,661 | -- |
| Net Tangible Assets | -1.3M | -1.2M | -2.0M | -1.5M | -2.2M | -- |
| Tangible Book Value | -1.3M | -1.2M | -2.0M | -1.5M | -2.2M | -- |
| Working Capital | -6.6M | -5.0M | -5.5M | -4.8M | -3.8M | -- |
| Invested Capital | 2.5M | 2.2M | 1.5M | 1.9M | -196,764 | -- |
| Total Debt | 4.8M | 4.4M | 4.5M | 4.5M | 3.0M | -- |
| Net Debt | 3.1M | 3.2M | 3.3M | 2.8M | 1.8M | -- |
| Share Issued | 177.8M | 168.5M | 145.8M | 135.8M | 107.1M | -- |
| Ordinary Shares Number | 177.8M | 168.5M | 145.8M | 135.8M | 107.1M | -- |
| Buildings And Improvements | 198,316 | 197,037 | 200,293 | 200,351 | 196,397 | -- |
| Capital Lease Obligations | 1.1M | 1.2M | 1.2M | 1.2M | 1.2M | -- |
| Construction In Progress | 6.6M | 4.4M | 4.0M | 3.8M | 1.6M | -- |
| Current Capital Lease Obligation | 145,265 | 154,686 | 156,389 | 148,982 | 129,519 | -- |
| Derivative Product Liabilities | 94,941 | 94,682 | 82,666 | 129,501 | -- | -- |
| Dueto Related Parties Current | 0.00 | 12,318 | 29,261 | 29,261 | 29,261 | -- |
| Income Tax Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Interest Payable | 298,112 | 232,549 | 185,187 | 111,178 | 98,931 | -- |
| Land And Improvements | 91,946 | 90,046 | 94,881 | 94,967 | 89,095 | -- |
| Leases | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | -- |
| Machinery Furniture Equipment | 453,156 | 453,156 | 453,156 | 453,156 | 394,109 | -- |
| Non Current Prepaid Assets | 33,580 | 33,328 | 33,100 | 34,422 | 33,983 | -- |
| Other Current Borrowings | 2.0M | 1.7M | 1.7M | 1.7M | 589,897 | -- |
| Other Equity Interest | 681,901 | 530,977 | 1.4M | 1.8M | 1.9M | -- |
| Other Payable | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | -- |
| Other Properties | 1.1M | 1.0M | 1.1M | 1.1M | 1.0M | -- |
| Other Receivables | -- | -- | -- | 55,000 | 3,004 | 2,265 |
| Properties | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Taxes Receivable | 340,489 | 165,549 | 67,802 | 56,122 | 75,027 | -- |
| Total Tax Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Tradeand Other Payables Non Current | 666,667 | -- | -- | -- | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -360,055 | -212,896 | -620,097 | -356,710 | -295,527 | -- |
| Cash Flow From Continuing Operating Activities | -360,055 | -212,896 | -620,097 | -356,710 | -295,528 | -- |
| Depreciation And Amortization | 80,413 | 80,152 | 80,931 | 78,518 | 78,538 | -- |
| Depreciation Amortization Depletion | 80,413 | 80,152 | 80,931 | 78,518 | 78,538 | -- |
| Stock Based Compensation | 0.00 | 0.00 | 153,847 | 97,392 | 0.00 | -- |
| Deferred Tax | 2,067 | 2,075 | 2,153 | 88.00 | 4,055 | -- |
| Deferred Income Tax | 2,067 | 2,075 | 2,153 | 88.00 | 4,055 | -- |
| Change In Working Capital | 34,798 | 290,852 | 237,977 | 144,144 | 148,177 | -- |
| Changes In Account Receivables | -263,249 | -52,835 | 45,737 | -177,712 | 26,410 | -- |
| Change In Receivables | -263,249 | -52,835 | 45,737 | -177,712 | 26,410 | -- |
| Change In Payables And Accrued Expense | 355,047 | 381,849 | 164,166 | 306,530 | 124,729 | -- |
| Other Non Cash Items | 188,229 | -72,355 | 139,419 | 127,465 | 73,995 | -- |
| Capital Expenditure | -4,945 | -- | -12,510 | -158,709 | -48,295 | -- |
| Purchase Of PPE | -4,945 | 0.00 | -12,510 | -158,709 | -48,295 | -- |
| Net PPE Purchase And Sale | -4,945 | 0.00 | -12,510 | -3,424 | -48,295 | -- |
| Investing Cash Flow | 47,887 | -17,171 | -11,188 | -3,863 | -49,827 | -- |
| Cash Flow From Continuing Investing Activities | 47,887 | -17,171 | -11,188 | -3,863 | -49,827 | -- |
| Issuance Of Debt | 303,634 | 0.00 | 0.00 | -10,000 | 0.00 | -- |
| Repayment Of Debt | -60,358 | -60,531 | -59,953 | -57,647 | -54,631 | -- |
| Net Issuance Payments Of Debt | 243,276 | -45,531 | -33,953 | -216,649 | -1,597 | -- |
| Issuance Of Capital Stock | 461,980 | 0.00 | 0.00 | 923,916 | 0.00 | -- |
| Net Common Stock Issuance | 461,980 | 0.00 | 0.00 | 923,916 | 0.00 | -- |
| Financing Cash Flow | 775,550 | 165,384 | 226,537 | 805,114 | 227,370 | -- |
| Cash Flow From Continuing Financing Activities | 775,550 | 165,384 | 226,537 | 805,114 | 227,370 | -- |
| Effect Of Exchange Rate Changes | 11,129 | 28,020 | 457.00 | -26,230 | 9,801 | -- |
| Changes In Cash | 463,382 | -64,683 | -404,748 | 444,541 | -117,984 | -- |
| Beginning Cash Position | 11,785 | 48,448 | 452,739 | 34,428 | 142,611 | -- |
| End Cash Position | 486,296 | 11,785 | 48,448 | 452,739 | 34,428 | -- |
| Free Cash Flow | -365,000 | -212,896 | -632,607 | -515,419 | -343,822 | -- |
| Amortization Cash Flow | 5,945 | 5,971 | 6,194 | 6,033 | 10,122 | -- |
| Amortization Of Intangibles | 5,945 | 5,971 | 6,194 | 6,033 | 10,122 | -- |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Change In Prepaid Assets | -57,000 | -38,162 | 28,074 | 15,326 | -2,962 | -- |
| Common Stock Issuance | 461,980 | 0.00 | 0.00 | 923,916 | 0.00 | -- |
| Depreciation | 74,468 | 74,181 | 74,737 | 72,485 | 68,416 | -- |
| Gain Loss On Investment Securities | -1,653 | 16,433 | -46,638 | -- | -- | -- |
| Interest Paid Cff | 0.00 | -61,727 | -31,055 | -140,612 | 0.00 | -- |
| Long Term Debt Issuance | 303,634 | 0.00 | 0.00 | -10,000 | 0.00 | -- |
| Long Term Debt Payments | -60,358 | -60,531 | -59,953 | -57,647 | -54,631 | -- |
| Net Foreign Currency Exchange Gain Loss | 48,347 | -85,511 | 0.00 | 50,396 | 8,972 | -- |
| Net Income From Continuing Operations | -719,240 | -444,542 | -1.2M | -951,090 | -609,264 | -- |
| Net Long Term Debt Issuance | 243,276 | -60,531 | -59,953 | -67,647 | -54,631 | -- |
| Net Other Financing Charges | -12,356 | -9,110 | -1,725 | -176,190 | 0.00 | -- |
| Net Other Investing Changes | 52,832 | -17,171 | 1,322 | -439.00 | -1,532 | -- |
| Net Short Term Debt Issuance | 0.00 | 15,000 | 26,000 | -149,002 | 53,034 | -- |
| Operating Gains Losses | 53,678 | -69,078 | -46,638 | 53,245 | 8,972 | -- |
| Proceeds From Stock Option Exercised | 82,650 | 281,752 | 293,270 | 414,649 | 228,967 | -- |