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Next Hydrogen Solutions Inc.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
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 2.3M 274,652 331,864 114,686 120,407 --
Operating Revenue 2.3M 274,652 331,864 114,686 120,407 --
Cost Of Revenue 220,139 581,859 185,765 46,015 383,349 --
Gross Profit 2.1M -307,207 146,099 68,671 -262,942 --
Selling General And Administration 815,666 1.4M 1.3M 1.6M 1.5M --
General And Administrative Expense 768,556 1.3M 1.2M 1.5M 1.3M --
Research And Development 871,433 1.0M 1.6M 1.8M 2.2M --
Operating Expense 1.7M 2.4M 2.9M 3.4M 3.6M --
Operating Income 383,909 -2.7M -2.8M -3.4M -3.9M --
EBIT 389,331 -2.7M -2.8M -3.3M -3.9M --
Interest Expense 301,819 242,212 171,108 70,649 56,267 --
Interest Expense Non Operating 301,819 242,212 171,108 70,649 56,267 --
Interest Income 5,422 10,275 9,854 8,914 29,148 --
Interest Income Non Operating 5,422 10,275 9,854 8,914 29,148 --
Net Interest Income -296,397 -231,937 -161,254 -61,735 -27,119 --
Pretax Income 87,512 -2.9M -2.9M -3.4M -3.9M --
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00 --
Net Income From Continuing And Discontinued Operation 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Income From Continuing Operation Net Minority Interest 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Income Including Noncontrolling Interests 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Income Common Stockholders 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Income 87,512 -2.9M -2.9M -3.4M -3.9M --
EBITDA 680,202 -2.4M -2.5M -3.1M -3.6M --
Normalized EBITDA 680,202 -2.4M -2.5M -3.1M -3.6M --
Reconciled Depreciation 290,871 234,758 235,550 283,322 222,482 --
Basic EPS 0.00 -0.13 -0.13 -- -0.17 -0.17
Diluted EPS 0.00 -0.13 -0.13 -- -0.17 -0.17
Basic Average Shares 23.1M 22.9M 22.9M -- 22.9M 22.9M
Diluted Average Shares 23.1M 22.9M 22.9M -- 22.9M 22.9M
Tax Rate For Calcs 0.15 0.00 0.00 0.00 0.00 --
Normalized Income 87,512 -2.9M -2.9M -3.4M -3.9M --
Diluted NI Availto Com Stockholders 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Income Continuous Operations 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Non Operating Interest Income Expense -296,397 -231,937 -161,254 -61,735 -27,119 --
Other Gand A 768,556 1.3M 1.2M 1.5M 1.3M --
Reconciled Cost Of Revenue 220,139 581,859 185,765 46,015 383,349 --
Selling And Marketing Expense 47,110 93,894 155,947 174,577 119,216 --
Total Expenses 1.9M 3.0M 3.1M 3.5M 4.0M --
Total Operating Income As Reported -- -- -- -- -3.9M -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
Cash And Cash Equivalents 874,922 1.8M 1.5M 3.6M 3.2M --
Cash Cash Equivalents And Short Term Investments 874,922 1.8M 1.5M 3.6M 3.2M --
Accounts Receivable 846,754 48,924 95,557 316,121 91,352 --
Receivables 910,161 362,594 287,161 392,420 109,003 --
Inventory 3.2M 3.2M 3.1M 3.0M 3.0M --
Prepaid Assets 307,186 524,199 462,964 372,407 712,603 --
Current Assets 5.3M 5.8M 5.4M 7.4M 7.0M --
Gross PPE 11.1M 10.9M 10.3M 9.7M 10.3M --
Accumulated Depreciation -3.1M -2.8M -2.6M -2.4M -2.2M --
Net PPE 8.0M 8.1M 7.7M 7.3M 8.2M --
Goodwill -- -- -- 0.00 0.00 0.00
Goodwill And Other Intangible Assets 556,232 581,324 599,661 624,660 649,659 --
Other Intangible Assets 556,232 581,324 599,661 624,660 649,659 --
Total Non Current Assets 8.7M 8.8M 8.4M 8.1M 8.9M --
Total Assets 14.0M 14.6M 13.8M 15.5M 15.9M --
Current Debt 585,186 47,471 6,516 22,562 38,493 --
Current Debt And Capital Lease Obligation 749,432 228,545 126,982 136,624 117,300 --
Accounts Payable 1.1M 1.6M 1.4M 1.0M 361,957 --
Payables 1.2M 1.7M 1.4M 1.0M 411,900 --
Payables And Accrued Expenses 3.6M 4.4M 3.7M 3.1M 2.0M --
Current Accrued Expenses 2.4M 2.8M 2.3M 2.0M 1.6M --
Current Deferred Revenue 973,545 2.5M 2.9M 3.3M 2.7M --
Current Liabilities 5.7M 7.5M 6.7M 6.5M 4.8M --
Long Term Debt 7.7M 6.6M 3.6M 3.0M 322,371 --
Long Term Debt And Capital Lease Obligation 9.2M 8.0M 5.1M 4.5M 1.9M --
Long Term Capital Lease Obligation 1.4M 1.4M 1.5M 1.5M 1.6M --
Total Non Current Liabilities Net Minority Interest 15.3M 14.2M 11.4M 10.4M 9.3M --
Total Liabilities Net Minority Interest 20.9M 21.8M 18.1M 16.8M 14.1M --
Common Stock 76.5M 76.4M 76.4M 76.4M 76.4M --
Capital Stock 76.5M 76.4M 76.4M 76.4M 76.4M --
Additional Paid In Capital 6.7M 6.7M 6.6M 6.6M 6.4M --
Retained Earnings -90.1M -90.2M -87.3M -84.4M -81.0M --
Common Stock Equity -6.9M -7.1M -4.3M -1.4M 1.8M --
Stockholders Equity -6.9M -7.1M -4.3M -1.4M 1.8M --
Total Equity Gross Minority Interest -6.9M -7.1M -4.3M -1.4M 1.8M --
Total Capitalization 784,650 -548,400 -640,616 1.6M 2.1M --
Net Tangible Assets -7.5M -7.7M -4.9M -2.0M 1.1M --
Tangible Book Value -7.5M -7.7M -4.9M -2.0M 1.1M --
Working Capital -355,882 -1.7M -1.3M 938,460 2.2M --
Invested Capital 1.4M -500,929 -634,100 1.7M 2.1M --
Total Debt 9.9M 8.2M 5.3M 4.7M 2.0M --
Net Debt 7.4M 4.9M 2.1M -- -- --
Share Issued 23.1M 22.9M 22.9M 22.9M 22.9M --
Ordinary Shares Number 23.1M 22.9M 22.9M 22.9M 22.9M --
Capital Lease Obligations 1.6M 1.6M 1.6M 1.7M 1.7M --
Construction In Progress 1.7M 2.5M 1.9M 1.4M 2.0M --
Current Capital Lease Obligation 164,246 181,074 120,466 114,062 78,807 --
Current Deferred Liabilities 973,545 2.5M 2.9M 3.3M 2.7M --
Current Provisions 357,982 357,982 -- -- -- 10,000
Leases 357,171 357,171 355,932 355,932 343,491 --
Loans Receivable 29,412 24,152 24,153 24,153 17,651 --
Long Term Provisions 3.1M 3.1M 3.1M 3.1M 3.9M --
Machinery Furniture Equipment 418,676 418,676 417,815 419,528 413,164 --
Non Current Accounts Receivable -- -- -- -- 42,454 --
Non Current Deferred Liabilities 3.0M 3.1M 3.1M 2.7M 3.6M --
Non Current Deferred Revenue 3.0M 3.1M 3.1M 2.7M 3.6M --
Non Current Note Receivables 10,444 13,935 19,508 26,011 -- 38,088
Non Current Prepaid Assets 97,391 97,391 100,695 94,332 8,138 --
Other Current Borrowings 585,186 47,471 6,516 22,562 38,493 --
Other Payable 16,072 34,993 46,526 40,004 32,991 --
Other Properties 8.7M 7.6M 7.6M 7.5M 7.5M --
Properties 0.00 0.00 0.00 0.00 0.00 --
Raw Materials 2.2M 2.3M 2.3M 2.0M 2.2M --
Taxes Receivable 33,995 289,518 167,451 52,146 0.00 --
Total Tax Payable -- -- -- -- 16,952 --
Work In Process 1.1M 876,435 879,345 1.1M 810,866 --
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 -2.3M -1.8M -2.2M -2.7M -2.2M --
Cash Flow From Continuing Operating Activities -2.3M -1.8M -2.2M -2.7M -2.2M --
Depreciation And Amortization 290,871 234,758 235,550 283,322 222,482 --
Depreciation Amortization Depletion 290,871 234,758 235,550 283,322 222,482 --
Stock Based Compensation 31,737 59,044 49,122 74,754 106,570 --
Change In Working Capital -3.0M 189,715 553,382 519,620 1.2M --
Changes In Account Receivables -544,076 -69,860 111,762 -266,974 959,950 --
Change In Receivables -544,076 -69,860 111,762 -266,974 959,950 --
Change In Inventory -56,466 -39,523 -99,003 -359,026 50,370 --
Change In Payables And Accrued Expense -847,041 732,330 657,536 998,842 149,527 --
Change In Payable -847,041 732,330 657,536 998,842 149,527 --
Change In Other Working Capital -1.7M -375,301 -19,993 -107,224 3,769 --
Other Non Cash Items 215,230 231,937 -77,369 -638,167 27,119 --
Capital Expenditure -162,137 -644,583 -570,673 -244,930 -243,458 --
Purchase Of PPE -162,137 -637,920 -570,673 -244,930 -243,458 --
Net PPE Purchase And Sale -162,137 -637,920 -567,673 -231,930 -243,458 --
Investing Cash Flow -162,137 -644,583 -567,673 -231,930 -243,458 --
Cash Flow From Continuing Investing Activities -162,137 -644,583 -567,673 -231,930 -243,458 --
Issuance Of Debt 1.7M 3.0M 786,438 3.4M 322,371 --
Repayment Of Debt -60,765 -97,097 -104,297 -74,205 -101,545 --
Net Issuance Payments Of Debt 1.6M 2.9M 682,141 3.3M 220,826 --
Financing Cash Flow 1.6M 2.7M 682,141 3.3M 220,826 --
Cash Flow From Continuing Financing Activities 1.6M 2.7M 682,141 3.3M 220,826 --
Changes In Cash -894,423 236,630 -2.1M 377,522 -2.2M --
Beginning Cash Position 1.8M 1.5M 3.6M 3.2M 5.4M --
End Cash Position 874,922 1.8M 1.5M 3.6M 3.2M --
Free Cash Flow -2.5M -2.5M -2.7M -3.0M -2.4M --
Amortization Cash Flow -- -- -- 24,999 -- --
Amortization Of Intangibles -- -- -- 24,999 -- --
Asset Impairment Charge 5,605 551.00 4,171 -- 192,309 87,594
Cash Dividends Paid 0.00 0.00 -- -- 0.00 0.00
Change In Prepaid Assets 217,013 -57,931 -96,920 254,002 14,617 --
Depreciation -- -- -- 258,323 -- --
Gain Loss On Sale Of PPE 0.00 0.00 -2,425 -- 0.00 0.00
Interest Paid Cff 0.00 -137,370 -- -- 0.00 0.00
Interest Received Cfo 5,422 10,275 9,854 8,914 29,148 --
Long Term Debt Issuance 1.7M 3.0M 786,438 3.4M 322,371 --
Long Term Debt Payments -60,765 -97,097 -104,297 -74,205 -101,545 --
Net Income From Continuing Operations 87,512 -2.9M -2.9M -3.4M -3.9M --
Net Intangibles Purchase And Sale 0.00 -6,663 -- 0.00 0.00 0.00
Net Long Term Debt Issuance 1.6M 2.9M 682,141 3.3M 220,826 --
Operating Gains Losses -- -- -2,425 -- -- --
Provisionand Write Offof Assets 0.00 357,982 -- -1.1M 0.00 0.00
Purchase Of Intangibles 0.00 -6,663 -- 0.00 0.00 0.00
Sale Of PPE 0.00 0.00 3,000 -- 0.00 0.00
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