Thesis Gold Inc. (TSXV:TAU)

Thesis Gold Balance Sheet

Financials in millions CAD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Cash & Equivalents	49.12	9.39	7.27	17.2	31.48	34.12
Short-Term Investments	0.01	0.04	0.01	0.01	0.01	0.01
Cash & Short-Term Investments	49.13	9.43	7.28	17.21	31.49	34.13
Cash Growth	206.77%	29.55%	-57.72%	-45.36%	-7.73%	235.25%
Other Receivables	3.45	4.79	4.62	9.87	10.61	1.94
Receivables	3.45	4.79	4.62	9.87	10.61	1.94
Prepaid Expenses	1.44	0.19	0.13	0.62	0.5	0.12
Other Current Assets	-	0.76	1.24	-	-	-
Total Current Assets	54.02	15.17	13.26	27.7	42.6	36.19
Property, Plant & Equipment	208.78	190.79	168.69	100.53	77.12	35.79
Other Long-Term Assets	0.55	0.59	1.88	1.39	0.84	0.27
Total Assets	263.35	206.55	183.83	129.62	120.56	72.26
Accounts Payable	9.85	1.59	4.41	0.62	8.07	1.21
Accrued Expenses	0.53	0.04	0.09	0.01	0.06	0
Current Portion of Leases	0.18	0.17	0.03	0.09	0.08	-
Current Unearned Revenue	4.73	0.36	-	0.72	3.39	2.14
Total Current Liabilities	15.29	2.16	4.53	1.45	11.6	3.36
Long-Term Leases	0.72	0.8	-	0.02	0.1	-
Long-Term Deferred Tax Liabilities	19.59	17.11	14.54	13.47	8.18	3.29
Other Long-Term Liabilities	2.42	2.17	2.5	0.96	0.6	0.27
Total Liabilities	38.02	22.24	21.57	15.89	20.49	6.92
Common Stock	241.3	197.46	175.25	128.72	110.66	73.1
Retained Earnings	-33.92	-31.3	-29.65	-30.54	-25.67	-13.32
Comprehensive Income & Other	17.95	18.15	16.66	15.54	15.08	5.56
Shareholders' Equity	225.33	184.31	162.26	113.72	100.07	65.33
Total Liabilities & Equity	263.35	206.55	183.83	129.62	120.56	72.26
Total Debt	0.9	0.97	0.03	0.12	0.18	-
Net Cash (Debt)	48.23	8.45	7.25	17.09	31.31	34.13
Net Cash Growth	201.17%	16.66%	-57.61%	-45.41%	-8.27%	235.25%
Net Cash Per Share	0.22	0.04	0.05	0.20	0.47	0.66
Filing Date Shares Outstanding	259.13	237.76	196.16	97.71	79.57	61.29
Total Common Shares Outstanding	256.87	212.83	174.05	97.71	79.57	60.84
Working Capital	38.73	13.01	8.73	26.25	31	32.83
Book Value Per Share	0.88	0.87	0.93	1.16	1.26	1.07
Tangible Book Value	225.33	184.31	162.26	113.72	100.07	65.33
Tangible Book Value Per Share	0.88	0.87	0.93	1.16	1.26	1.07
Machinery	0.88	0.81	0.86	0.86	0.5	0.21

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.