Thesis Gold & Silver Balance Sheet

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

Millions CAD. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Cash & Equivalents	76.11	9.39	7.27	17.2	31.48
Short-Term Investments	-	0.04	0.01	0.01	0.01
Cash & Short-Term Investments	76.11	9.43	7.28	17.21	31.49
Cash Growth	707.38%	29.55%	-57.72%	-45.36%	-7.73%
Other Receivables	2.04	4.79	4.62	9.87	10.61
Receivables	2.04	4.79	4.62	9.87	10.61
Prepaid Expenses	0.49	0.19	0.13	0.62	0.5
Other Current Assets	-	0.76	1.24	-	-
Total Current Assets	78.63	15.17	13.26	27.7	42.6
Property, Plant & Equipment	220.61	190.79	168.69	100.53	77.12
Other Long-Term Assets	1.19	0.59	1.88	1.39	0.84
Total Assets	300.43	206.55	183.83	129.62	120.56
Accounts Payable	2.17	1.59	4.41	0.62	8.07
Accrued Expenses	-	0.04	0.09	0.01	0.06
Current Portion of Leases	0.19	0.17	0.03	0.09	0.08
Current Unearned Revenue	1.47	0.36	-	0.72	3.39
Total Current Liabilities	3.83	2.16	4.53	1.45	11.6
Long-Term Leases	0.62	0.8	-	0.02	0.1
Long-Term Deferred Tax Liabilities	20.5	17.11	14.54	13.47	8.18
Other Long-Term Liabilities	2.18	2.17	2.5	0.96	0.6
Total Liabilities	27.12	22.24	21.57	15.89	20.49
Common Stock	290.69	197.46	175.25	128.72	110.66
Retained Earnings	-37.21	-31.3	-29.65	-30.54	-25.67
Comprehensive Income & Other	19.84	18.15	16.66	15.54	15.08
Shareholders' Equity	273.32	184.31	162.26	113.72	100.07
Total Liabilities & Equity	300.43	206.55	183.83	129.62	120.56
Total Debt	0.81	0.97	0.03	0.12	0.18
Net Cash (Debt)	75.3	8.45	7.25	17.09	31.31
Net Cash Growth	790.65%	16.66%	-57.61%	-45.41%	-8.27%
Net Cash Per Share	0.30	0.04	0.05	0.20	0.47
Filing Date Shares Outstanding	260.93	237.76	196.16	97.71	79.57
Total Common Shares Outstanding	260.93	212.83	174.05	97.71	79.57
Working Capital	74.8	13.01	8.73	26.25	31
Book Value Per Share	1.05	0.87	0.93	1.16	1.26
Tangible Book Value	273.32	184.31	162.26	113.72	100.07
Tangible Book Value Per Share	1.05	0.87	0.93	1.16	1.26
Machinery	0.04	0.81	0.86	0.86	0.5