Helium Evolution Incorporated
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 | 0.00 | 0.00 | 0.00 | -- |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Cost Of Revenue | 5,000 | 6,000 | 5,000 | 5,000 | 6,000 | -- |
| Gross Profit | -5,000 | -6,000 | -5,000 | -5,000 | -6,000 | -- |
| Selling General And Administration | 474,000 | 194,000 | 215,000 | 260,000 | 218,000 | -- |
| General And Administrative Expense | 474,000 | 194,000 | 215,000 | 260,000 | 218,000 | -- |
| Other Operating Expenses | 1.1M | 19,000 | 474,000 | 451,000 | 10,000 | -- |
| Operating Expense | 1.6M | 213,000 | 689,000 | 711,000 | 228,000 | -- |
| Operating Income | -1.6M | -219,000 | -694,000 | -716,000 | -234,000 | -- |
| EBIT | -1.7M | -219,000 | -694,000 | -716,000 | -234,000 | -- |
| Interest Expense | 40,000 | -- | -- | -- | -- | -- |
| Interest Expense Non Operating | 40,000 | -- | -- | -- | -- | -- |
| Interest Income | -- | -- | 19,000 | 38,000 | 49,000 | -- |
| Interest Income Non Operating | -- | -- | 19,000 | 38,000 | 49,000 | -- |
| Net Interest Income | -40,000 | 23,000 | 19,000 | 38,000 | 49,000 | -- |
| Other Income Expense | -160,000 | -- | -- | -- | -- | -- |
| Special Income Charges | -160,000 | -- | -- | -- | -- | -- |
| Restructuring And Mergern Acquisition | 160,000 | -- | -- | -- | -- | -- |
| Pretax Income | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Income From Continuing Operation Net Minority Interest | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Income Including Noncontrolling Interests | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Income Common Stockholders | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Income | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| EBITDA | -1.7M | -213,000 | -689,000 | -711,000 | -228,000 | -- |
| Normalized EBITDA | -1.6M | -213,000 | -689,000 | -711,000 | -228,000 | -- |
| Reconciled Depreciation | 5,000 | 6,000 | 5,000 | 5,000 | 6,000 | -- |
| Basic EPS | -0.01 | 0.00 | -0.01 | -- | 0.00 | 0.00 |
| Diluted EPS | -0.01 | 0.00 | -0.01 | -- | 0.00 | 0.00 |
| Basic Average Shares | 123.0M | 115.5M | 97.1M | -- | 96.0M | 96.0M |
| Diluted Average Shares | 123.0M | 115.5M | 97.1M | -- | 96.0M | 96.0M |
| Total Unusual Items | -160,000 | -- | -- | -- | -- | -- |
| Total Unusual Items Excluding Goodwill | -160,000 | -- | -- | -- | -- | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -1.6M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Diluted NI Availto Com Stockholders | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Income Continuous Operations | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Non Operating Interest Income Expense | -40,000 | 23,000 | 19,000 | 38,000 | 49,000 | -- |
| Other Gand A | 470,000 | 187,000 | 203,000 | -180,000 | 185,000 | -- |
| Reconciled Cost Of Revenue | 5,000 | 6,000 | 5,000 | 5,000 | 6,000 | -- |
| Salaries And Wages | 4,000 | 7,000 | 12,000 | 440,000 | 33,000 | -- |
| Total Expenses | 1.6M | 219,000 | 694,000 | 716,000 | 234,000 | -- |
| Total Other Finance Cost | -- | -23,000 | -- | -- | -- | -61,000 |
| 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 | 4.7M | 1.3M | 3.0M | 3.8M | 4.4M | -- |
| Cash Cash Equivalents And Short Term Investments | 4.7M | 1.3M | 3.0M | 3.8M | 4.4M | -- |
| Accounts Receivable | 69,000 | 76,000 | 57,000 | 57,000 | 66,000 | -- |
| Receivables | 69,000 | 76,000 | 57,000 | 57,000 | 66,000 | -- |
| Prepaid Assets | 95,000 | 107,000 | 196,000 | 34,000 | 50,000 | -- |
| Current Assets | 8.7M | 1.5M | 3.3M | 3.9M | 4.5M | -- |
| Gross PPE | 13.3M | 12.6M | 8.5M | 6.4M | 5.6M | -- |
| Accumulated Depreciation | -144,000 | -139,000 | -133,000 | -128,000 | -123,000 | -- |
| Net PPE | 13.1M | 12.5M | 8.3M | 6.3M | 5.5M | -- |
| Other Non Current Assets | 104,000 | 104,000 | 104,000 | 422,000 | 783,000 | -- |
| Total Non Current Assets | 13.2M | 12.6M | 8.4M | 6.7M | 6.3M | -- |
| Total Assets | 21.9M | 14.1M | 11.7M | 10.6M | 10.8M | -- |
| Current Debt | 8.4M | -- | -- | -- | -- | -- |
| Current Debt And Capital Lease Obligation | 8.4M | 24,000 | 20,000 | 20,000 | 20,000 | -- |
| Accounts Payable | 1.4M | 378,000 | 1.3M | 734,000 | 297,000 | -- |
| Payables | 1.4M | 378,000 | 1.3M | 734,000 | 297,000 | -- |
| Payables And Accrued Expenses | 1.4M | 378,000 | 1.3M | 734,000 | 297,000 | -- |
| Current Liabilities | 9.7M | 402,000 | 1.3M | 754,000 | 317,000 | -- |
| Long Term Debt And Capital Lease Obligation | 16,000 | 24,000 | 2,000 | 2,000 | 5,000 | -- |
| Long Term Capital Lease Obligation | 16,000 | 24,000 | 2,000 | 2,000 | 5,000 | -- |
| Total Non Current Liabilities Net Minority Interest | 549,000 | 264,000 | 209,000 | 152,000 | 149,000 | -- |
| Total Liabilities Net Minority Interest | 10.3M | 666,000 | 1.5M | 906,000 | 466,000 | -- |
| Common Stock | 23.2M | 23.2M | 20.2M | 19.2M | 19.2M | -- |
| Capital Stock | 23.2M | 23.2M | 20.2M | 19.2M | 19.2M | -- |
| Additional Paid In Capital | 3.6M | 3.6M | 3.6M | 3.6M | 3.5M | -- |
| Retained Earnings | -15.8M | -14.0M | -13.8M | -13.1M | -12.4M | -- |
| Common Stock Equity | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Stockholders Equity | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Total Equity Gross Minority Interest | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Total Capitalization | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Net Tangible Assets | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Tangible Book Value | 11.7M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Working Capital | -1.0M | 1.1M | 2.0M | 3.2M | 4.2M | -- |
| Invested Capital | 20.0M | 13.4M | 10.2M | 9.7M | 10.3M | -- |
| Total Debt | 8.4M | 48,000 | 22,000 | 22,000 | 25,000 | -- |
| Net Debt | 3.6M | -- | -- | -- | -- | -- |
| Share Issued | 123.0M | 123.0M | 103.1M | 96.0M | 96.0M | -- |
| Ordinary Shares Number | 123.0M | 123.0M | 103.1M | 96.0M | 96.0M | -- |
| Capital Lease Obligations | 39,000 | 48,000 | 22,000 | 22,000 | 25,000 | -- |
| Construction In Progress | 5.0M | 3.8M | -- | -- | -- | -- |
| Current Capital Lease Obligation | 23,000 | 24,000 | 20,000 | 20,000 | 20,000 | -- |
| Long Term Provisions | 533,000 | 240,000 | 207,000 | 150,000 | 144,000 | -- |
| Other Current Borrowings | 8.4M | -- | -- | -- | -- | -- |
| Other Equity Interest | 614,000 | 615,000 | 166,000 | -- | -- | -- |
| Other Properties | 8.2M | 8.8M | 8.5M | 6.4M | 5.6M | -- |
| Restricted Cash | 3.9M | -- | -- | -- | -- | -- |
| 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 | -204,000 | -374,000 | -226,000 | -96,000 | -93,000 | -- |
| Cash Flow From Continuing Operating Activities | -204,000 | -374,000 | -226,000 | -96,000 | -93,000 | -- |
| Depreciation Amortization Depletion | 5,000 | 6,000 | 5,000 | 5,000 | 6,000 | -- |
| Stock Based Compensation | 4,000 | 7,000 | 12,000 | 40,000 | 33,000 | -- |
| Change In Working Capital | 333,000 | -212,000 | -43,000 | 85,000 | 41,000 | -- |
| Other Non Cash Items | 1.2M | 21,000 | 475,000 | 452,000 | 12,000 | -- |
| Capital Expenditure | -1.5M | -4.1M | -2.2M | -881,000 | -334,000 | -- |
| Purchase Of PPE | -1.5M | -4.1M | -2.2M | -881,000 | -334,000 | -- |
| Net PPE Purchase And Sale | -1.5M | -4.1M | -2.2M | -881,000 | -334,000 | -- |
| Investing Cash Flow | -881,000 | -4.8M | -1.7M | -492,000 | -232,000 | -- |
| Cash Flow From Continuing Investing Activities | -881,000 | -4.8M | -1.7M | -492,000 | -232,000 | -- |
| Issuance Of Debt | 8.3M | -- | -- | -- | 0.00 | -- |
| Repayment Of Debt | -8,000 | -8,000 | 0.00 | -3,000 | -9,000 | -- |
| Net Issuance Payments Of Debt | 8.3M | -8,000 | 0.00 | -3,000 | -9,000 | -- |
| Issuance Of Capital Stock | -- | 3.4M | 1.1M | -- | 0.00 | 0.00 |
| Repurchase Of Capital Stock | -10,000 | -- | -- | -- | -- | -- |
| Net Common Stock Issuance | -10,000 | 3.4M | 1.1M | -- | 0.00 | 0.00 |
| Common Stock Payments | -10,000 | -- | -- | -- | -- | -- |
| Financing Cash Flow | 8.3M | 3.5M | 1.1M | -15,000 | -9,000 | -- |
| Cash Flow From Continuing Financing Activities | 8.3M | 3.5M | 1.1M | -15,000 | -9,000 | -- |
| Changes In Cash | 7.2M | -1.7M | -825,000 | -603,000 | -334,000 | -- |
| Beginning Cash Position | 1.3M | 3.0M | 3.8M | 4.4M | 4.8M | -- |
| End Cash Position | 8.6M | 1.3M | 3.0M | 3.8M | 4.4M | -- |
| Free Cash Flow | -1.7M | -4.5M | -2.4M | -977,000 | -427,000 | -- |
| Common Stock Issuance | -- | 3.4M | 1.1M | -- | 0.00 | 0.00 |
| Long Term Debt Payments | -8,000 | -8,000 | 0.00 | -3,000 | -9,000 | -- |
| Net Income From Continuing Operations | -1.8M | -196,000 | -675,000 | -713,000 | -185,000 | -- |
| Net Long Term Debt Issuance | -8,000 | -8,000 | 0.00 | -3,000 | -9,000 | -- |
| Net Other Financing Charges | 45,000 | 39,000 | -22,000 | -- | -- | -- |
| Net Other Investing Changes | 621,000 | -650,000 | 440,000 | 389,000 | 102,000 | -- |
| Net Short Term Debt Issuance | 8.3M | -- | -- | -- | 0.00 | -- |
| Short Term Debt Issuance | 8.3M | -- | -- | -- | 0.00 | -- |