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Hillcrest Energy Technologies (HEAT) investor relations material

Hillcrest Energy Technologies Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary20 Nov, 2025

Executive summary

  • Focused on developing and commercializing clean energy technologies, particularly the ZVS platform, with ongoing R&D and strategic partnerships.

  • Transitioned away from oil and gas, with all related assets classified as discontinued operations and full impairment recognized.

  • Material uncertainty exists regarding the ability to continue as a going concern due to ongoing losses and reliance on external financing.

Financial highlights

  • Net loss for the nine months ended September 30, 2025, was $5.09 million, compared to $8.22 million for the same period in 2024.

  • Total assets decreased to $2.16 million as of September 30, 2025, from $2.96 million at December 31, 2024.

  • Cash and cash equivalents at period end were $155,625, up from $25,345 at year-end 2024.

  • Operating expenses for the nine months were $5.02 million, down from $8.32 million year-over-year.

  • Share-based compensation for the nine months was $700,634, down from $1,349,540 in the prior year.

Outlook and guidance

  • Announced a $7.2 million unit offering to raise capital and settle debt, with a first tranche of $2.66 million closed in October 2025.

  • Entered into a memorandum of understanding with Pasqua First Nation and Apeiron Resources to commercialize ZVS technology, with potential for up to $3 million in direct investment.

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Frequently asked questions

Hillcrest Energy Technologies Ltd. is a clean technology company focused on developing and commercializing energy efficiency and electric power conversion solutions. The company specializes in creating advanced inverter technology and control systems designed to improve the performance and efficiency of electric vehicles, renewable energy systems, and other industrial applications. The company is headquartered in Vancouver, Canada, and its shares are listed on the CSE.

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