Thor Explorations Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	80.58	12.04	7.84	6.69	1.28	22.18
Cash & Short-Term Investments	80.58	12.04	7.84	6.69	1.28	22.18
Cash Growth	1452.90%	53.57%	17.22%	424.03%	-94.25%	432.45%
Accounts Receivable	3.53	-	-	0.07	0.02	-
Other Receivables	-	0.38	0.28	0.15	0.22	0.04
Receivables	3.53	0.38	0.28	0.22	0.24	0.04
Inventory	38.02	41.1	41.77	32.5	18.15	-
Prepaid Expenses	-	2.53	1.88	0.85	0.35	0.2
Restricted Cash	-	-	-	-	3.5	3.5
Other Current Assets	-	1.65	5.77	9.63	0.24	0.23
Total Current Assets	122.13	57.71	57.54	49.88	23.74	26.16
Property, Plant & Equipment	106.26	127.8	156.46	166.36	172.96	71.94
Other Intangible Assets	50.01	36.24	28.91	19.23	15.35	12.77
Long-Term Deferred Tax Assets	-	-	0.09	0.09	0.09	0.04
Other Long-Term Assets	68.01	57.33	16.11	0.28	0.11	0.15
Total Assets	346.41	279.07	259.11	235.85	212.24	111.05
Accounts Payable	14.21	46.27	58.71	46.91	43.57	8.13
Accrued Expenses	7.58	2.52	14.12	6.21	-	0.43
Short-Term Debt	-	-	-	-	0.67	-
Current Portion of Long-Term Debt	-	0.86	23.25	0.89	27.32	0.05
Current Portion of Leases	3.7	4.82	4.82	4.81	4.85	0.03
Current Unearned Revenue	-	4.46	11.84	6.58	-	-
Other Current Liabilities	0.02	11.43	14.29	13.4	12.84	4.76
Total Current Liabilities	25.51	70.37	127.02	78.81	89.24	13.41
Long-Term Debt	-	-	0.52	27.25	25.75	16.11
Long-Term Leases	0.23	2.39	6.67	10.6	13.43	-
Other Long-Term Liabilities	5.1	5.06	12.71	19.81	24.23	20.38
Total Liabilities	30.85	77.82	146.92	136.47	152.65	49.91
Common Stock	82.39	81.63	81.49	80.44	79.03	76.22
Retained Earnings	240.83	121.57	30.35	18.1	-21.06	-19.43
Comprehensive Income & Other	-7.66	-1.95	0.35	0.84	1.62	4.36
Total Common Equity	315.57	201.25	112.19	99.38	59.59	61.15
Shareholders' Equity	315.57	201.25	112.19	99.38	59.59	61.15
Total Liabilities & Equity	346.41	279.07	259.11	235.85	212.24	111.05
Total Debt	3.93	8.07	35.26	43.55	72.01	16.2
Net Cash (Debt)	76.65	3.97	-27.42	-36.86	-70.74	5.98
Net Cash Growth	-	-	-	-	-	46.23%
Net Cash Per Share	0.12	0.01	-0.04	-0.06	-0.11	0.01
Filing Date Shares Outstanding	665.3	665.3	656.06	644.7	641.9	621.41
Total Common Shares Outstanding	665.3	657.06	656.06	644.7	632.36	621.41
Working Capital	96.62	-12.66	-69.48	-28.92	-65.5	12.75
Book Value Per Share	0.47	0.31	0.17	0.15	0.09	0.10
Tangible Book Value	265.56	165.02	83.28	80.15	44.25	48.38
Tangible Book Value Per Share	0.40	0.25	0.13	0.12	0.07	0.08
Land	-	-	-	0.02	0.02	0.02
Machinery	1.29	1.18	1.32	78.28	3.72	2.07
Construction In Progress	-	-	-	1.88	144.58	70.11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.