Thermal Energy International Inc. (FRA:EUW)

FRA:EUW Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Cash & Equivalents	4.29	2.8	6.97	3	2.63	4.24
Cash & Short-Term Investments	4.29	2.8	6.97	3	2.63	4.24
Cash Growth	-15.03%	-59.82%	132.13%	14.03%	-37.95%	-11.18%
Accounts Receivable	4.11	4.37	3.79	5.72	2.59	2.42
Other Receivables	0.47	0.14	0.51	0.41	0.57	0.76
Receivables	4.57	4.52	4.3	6.13	3.16	3.18
Inventory	1.85	1.83	1.59	1.47	1.05	0.96
Prepaid Expenses	0.9	0.77	1.35	0.43	0.17	0.2
Total Current Assets	11.62	9.91	14.21	11.03	7.01	8.58
Property, Plant & Equipment	1.19	1.33	1.81	1.55	1.54	1.82
Other Intangible Assets	0.47	0.49	0.63	0.85	1.03	1.03
Long-Term Deferred Tax Assets	0.22	0.22	0.14	0.09	0.02	0.11
Total Assets	13.49	11.95	16.79	13.51	9.6	11.55
Accounts Payable	2.1	1.51	2.43	2.24	0.66	0.8
Accrued Expenses	1.14	1.3	2.07	2.03	0.99	0.93
Current Portion of Long-Term Debt	0.2	0.33	0.92	0.92	0.8	0.85
Current Portion of Leases	0.36	0.39	0.31	0.21	0.19	0.22
Current Income Taxes Payable	0.1	0.08	0.06	0.01	0.06	0.02
Current Unearned Revenue	4.02	2.72	4.34	2.09	1.06	1.6
Other Current Liabilities	0.95	1.18	0.57	0.49	0.48	0.36
Total Current Liabilities	8.87	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	0.82	0.86	1.23	1.25	1.18	1.34
Long-Term Deferred Tax Liabilities	0	0	0	0	0	0.06
Total Liabilities	9.69	8.38	13.37	11.59	8.55	8.58
Common Stock	32.71	32.8	33.25	32.53	32.48	32.44
Additional Paid-In Capital	5.05	4.9	4.66	4.94	4.74	4.53
Retained Earnings	-34.51	-34.66	-34.73	-35.66	-36.38	-34.46
Comprehensive Income & Other	0.54	0.54	0.29	0.17	0.24	0.53
Total Common Equity	3.78	3.57	3.46	1.97	1.08	3.04
Minority Interest	0.02	-0	-0.04	-0.05	-0.03	-0.08
Shareholders' Equity	3.8	3.57	3.42	1.92	1.04	2.96
Total Liabilities & Equity	13.49	11.95	16.79	13.51	9.6	11.55
Total Debt	1.37	1.59	3.89	4.73	5.31	4.81
Net Cash (Debt)	2.92	1.21	3.07	-1.73	-2.68	-0.57
Net Cash Growth	97.90%	-60.58%	-	-	-	-
Net Cash Per Share	0.02	0.01	0.02	-0.01	-0.02	-0.00
Filing Date Shares Outstanding	171.4	173.11	172.73	164.48	164.14	163.89
Total Common Shares Outstanding	171.4	173.11	172.73	164.48	164.14	163.89
Working Capital	2.74	2.4	3.51	3.03	2.78	3.81
Book Value Per Share	0.02	0.02	0.02	0.01	0.01	0.02
Tangible Book Value	3.31	3.08	2.84	1.12	0.05	2.01
Tangible Book Value Per Share	0.02	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.