Next Hydrogen Solutions Inc. Updates Auditor for Growth Ahead
Next Hydrogen Solutions Inc. has officially announced a significant change in its auditing team. This transition from KPMG LLP to MNP LLP demonstrates the company's commitment to enhancing its financial practices and operational efficiency.
The Change in Auditors
On December 1, 2025, Next Hydrogen Solutions Inc. (TSXV:NXH, OTC: NXHSF) appointed MNP LLP as its new external auditor. This decision follows the resignation of KPMG LLP, which occurred at the request of the company effective November 30, 2025. The board of directors made this important decision to ensure a robust financial oversight as the company approaches its next Annual General Meeting.
What Does This Mean for the Company?
This change reflects the company's ongoing efforts to strengthen its internal controls and enhance transparency in its financial reporting. There were no adverse opinions or conflicts reported from KPMG LLP regarding its audit reports for the previous two financial years, which ended on December 31, for 2024 and 2023. Moving forward, Next Hydrogen intends to build upon its solid reputation and boost investor confidence.
Compliance with Regulatory Standards
Next Hydrogen has complied with National Instrument 51-102, which requires public companies to file a Change of Auditor Notice. This notice, submitted on December 1, 2025, included the letters from both KPMG LLP and MNP LLP, confirming their agreement with the statements made in the notice. Such diligence ensures that shareholders are kept fully informed and reassured about the company's financial integrity.
About Next Hydrogen Solutions Inc.
Founded in 2007, Next Hydrogen Solutions Inc. specializes in producing electrolyzers that convert water and electricity into clean hydrogen. This eco-friendly fuel is pivotal in the transition to renewable energy sources. The company's innovative technologies are backed by a portfolio of 40 patents, allowing them to convert intermittent renewable energy into stable, usable hydrogen at scale.
Advancing Technology for a Sustainable Future
As Next Hydrogen evolves, the company is focused on developing commercial solutions that address the pressing need for decarbonization in transportation and industrial sectors. By leveraging sustainable practices, Next Hydrogen aims to play a significant role in the energy transition, offering reliable green hydrogen solutions to its clients.
Building Trust and Transparency
With the change in auditors, Next Hydrogen Solutions Inc. is prioritizing transparency and trust with its stakeholders. By involving MNP LLP, the company aims to harness new perspectives and insights, refining its financial processes and ensuring compliance with all regulatory standards.
Contact Information
For any inquiries, feel free to reach out to Raveel Afzaal, President and Chief Executive Officer of Next Hydrogen Solutions Inc. You can connect via email at rafzaal@nexthydrogen.com or call at 647-961-6620.
Frequently Asked Questions
What prompted Next Hydrogen Solutions Inc. to change its auditor?
The company made this change to enhance financial oversight and operational efficiency as part of its strategic growth plans.
Who are the new auditors for Next Hydrogen Solutions Inc.?
MNP LLP has been appointed as the new external auditors, succeeding KPMG LLP.
How does this change affect shareholders?
This transition is intended to strengthen compliance and transparency, ultimately boosting shareholder confidence in the company’s financial practices.
What does Next Hydrogen specialize in?
Next Hydrogen Solutions Inc. designs and manufactures electrolyzers to produce clean hydrogen, promoting sustainable energy solutions.
How can I contact Next Hydrogen Solutions Inc.?
You can reach Raveel Afzaal, the CEO, at 647-961-6620 or via email at rafzaal@nexthydrogen.com.
