Thesis Gold & Silver Balance Sheet

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

Millions CAD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May '26 May 31, 2026	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	71.16	76.11	9.39	7.27	17.2	31.48
Short-Term Investments	0.15	0.01	0.12	1.25	0.01	0.01
Cash & Short-Term Investments	71.32	76.12	9.51	8.51	17.21	31.49
Cash Growth	108.15%	700.00%	11.78%	-50.54%	-45.36%	-7.73%
Other Receivables	1.83	2.04	4.79	4.62	9.87	10.61
Receivables	1.83	2.04	4.79	4.62	9.87	10.61
Prepaid Expenses	0.41	0.48	0.19	0.13	0.62	0.5
Total Current Assets	73.56	78.63	14.5	13.26	27.7	42.6
Property, Plant & Equipment	224.43	220.61	190.79	168.69	100.53	77.12
Other Long-Term Assets	1.34	1.19	1.26	1.88	1.39	0.84
Total Assets	299.33	300.43	206.55	183.83	129.62	120.56
Accounts Payable	2.44	1.44	0.81	4.41	0.62	8.07
Accrued Expenses	0.3	0.72	0.81	0.09	0.01	0.06
Current Portion of Leases	0.2	0.19	0.17	0.03	0.09	0.08
Current Unearned Revenue	0.8	1.47	0.36	-	0.72	3.39
Total Current Liabilities	3.75	3.83	2.16	4.53	1.45	11.6
Long-Term Leases	0.56	0.62	0.8	-	0.02	0.1
Long-Term Deferred Tax Liabilities	20.38	20.5	17.11	14.54	13.47	8.18
Other Long-Term Liabilities	2.17	2.18	2.17	2.5	0.96	0.6
Total Liabilities	26.86	27.12	22.24	21.57	15.89	20.49
Common Stock	292.6	290.69	197.46	175.25	128.72	110.66
Retained Earnings	-40.46	-37.21	-31.3	-29.65	-30.54	-25.67
Comprehensive Income & Other	20.33	19.84	18.15	16.66	15.54	15.08
Shareholders' Equity	272.47	273.32	184.31	162.26	113.72	100.07
Total Liabilities & Equity	299.33	300.43	206.55	183.83	129.62	120.56
Total Debt	0.76	0.81	0.97	0.03	0.12	0.18
Net Cash (Debt)	70.55	75.31	8.54	8.48	17.09	31.31
Net Cash Growth	111.67%	781.57%	0.71%	-50.38%	-45.41%	-8.27%
Net Cash Per Share	0.27	0.30	0.04	0.06	0.20	0.47
Filing Date Shares Outstanding	279.57	278.95	237.76	196.16	97.71	79.57
Total Common Shares Outstanding	278.95	277.35	212.83	174.05	97.71	79.57
Working Capital	69.81	74.8	12.34	8.73	26.25	31
Book Value Per Share	0.98	0.99	0.87	0.93	1.16	1.26
Tangible Book Value	272.47	273.32	184.31	162.26	113.72	100.07
Tangible Book Value Per Share	0.98	0.99	0.87	0.93	1.16	1.26
Machinery	0.04	0.12	1	0.86	0.86	0.5