Thor Explorations Ltd. (TSXV:THX)

Thor Explorations Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	325.48	193.13	141.25	165.17	6.05
Revenue Growth (YoY)	68.53%	36.73%	-14.49%	2630.39%	-
Cost of Revenue	110.32	80.95	101.44	92.94	4.07
Gross Profit	215.16	112.18	39.81	72.23	1.98
Selling, General & Admin	14.87	10.34	10.75	15.88	3.29
Other Operating Expenses	-	-	1.13	1.59	0.04
Operating Expenses	18.6	11.54	12.71	18.82	3.54
Operating Income	196.57	100.65	27.1	53.41	-1.56
Interest Expense	-0.46	-5.5	-7.83	-14.62	-0.06
Interest & Investment Income	0.67	-	-	-	-
Currency Exchange Gain (Loss)	-	-	-	-	0.88
Other Non Operating Income (Expenses)	-0.58	-3.98	-8.4	-	-1.38
EBT Excluding Unusual Items	196.21	91.17	10.87	38.79	-2.12
Pretax Income	196.21	91.17	10.87	38.79	-2.12
Income Tax Expense	-	-	-	-	-0.05
Net Income	196.21	91.17	10.87	38.79	-2.07
Net Income to Common	196.21	91.17	10.87	38.79	-2.07
Net Income Growth	115.21%	738.83%	-71.98%	-	-
Shares Outstanding (Basic)	665	656	651	642	625
Shares Outstanding (Diluted)	665	659	655	650	625
Shares Change (YoY)	0.87%	0.61%	0.75%	3.99%	13.83%
EPS (Basic)	0.30	0.14	0.02	0.06	-0.00
EPS (Diluted)	0.30	0.14	0.02	0.06	-0.00
EPS Growth	113.37%	733.13%	-72.33%	-	-
Free Cash Flow	158.08	48.98	26.14	50.38	-53.33
Free Cash Flow Per Share	0.24	0.07	0.04	0.08	-0.09
Dividend Per Share	0.036	-	-	-	-
Gross Margin	66.11%	58.09%	28.18%	43.73%	32.77%
Operating Margin	60.39%	52.11%	19.18%	32.34%	-25.80%
Profit Margin	60.28%	47.21%	7.70%	23.49%	-34.20%
Free Cash Flow Margin	48.57%	25.36%	18.51%	30.50%	-881.52%
EBITDA	242.37	123.37	50.57	80.35	-1.4
EBITDA Margin	74.47%	63.88%	35.80%	48.64%	-23.09%
D&A For EBITDA	45.8	22.73	23.47	26.94	0.16
EBIT	196.57	100.65	27.1	53.41	-1.56
EBIT Margin	60.39%	52.11%	19.18%	32.34%	-25.80%

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