Thor Explorations Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	137.75	12.04	7.84	6.69	1.28
Cash & Short-Term Investments	137.75	12.04	7.84	6.69	1.28
Cash Growth	1044.10%	53.57%	17.22%	424.03%	-94.25%
Accounts Receivable	-	-	-	0.07	0.02
Other Receivables	0.4	0.38	0.28	0.15	0.22
Receivables	0.4	0.38	0.28	0.22	0.24
Inventory	37.2	41.1	41.77	32.5	18.15
Prepaid Expenses	6.24	2.53	1.88	0.85	0.35
Restricted Cash	-	-	-	-	3.5
Other Current Assets	5.07	1.65	5.77	9.63	0.24
Total Current Assets	186.67	57.71	57.54	49.88	23.74
Property, Plant & Equipment	73.42	123.31	156.46	166.36	172.96
Other Intangible Assets	60.45	40.72	28.91	19.23	15.35
Long-Term Deferred Tax Assets	-	-	0.09	0.09	0.09
Other Long-Term Assets	86.55	57.33	16.11	0.28	0.11
Total Assets	407.08	279.07	259.11	235.85	212.24
Accounts Payable	0.89	44.37	58.71	46.91	43.57
Accrued Expenses	17.61	4.43	14.12	6.21	-
Short-Term Debt	-	-	-	-	0.67
Current Portion of Long-Term Debt	-	0.86	23.25	0.89	27.32
Current Portion of Leases	2.55	4.82	4.82	4.81	4.85
Current Unearned Revenue	-	4.46	11.84	6.58	-
Other Current Liabilities	0.87	11.43	14.29	13.4	12.84
Total Current Liabilities	21.91	70.37	127.02	78.81	89.24
Long-Term Debt	-	-	0.52	27.25	25.75
Long-Term Leases	0.05	2.39	6.67	10.6	13.43
Other Long-Term Liabilities	5.12	5.06	12.71	19.81	24.23
Total Liabilities	27.08	77.82	146.92	136.47	152.65
Common Stock	83.11	81.63	81.49	80.44	79.03
Retained Earnings	301.15	121.57	30.35	18.1	-21.06
Comprehensive Income & Other	-4.25	-1.95	0.35	0.84	1.62
Shareholders' Equity	380.01	201.25	112.19	99.38	59.59
Total Liabilities & Equity	407.08	279.07	259.11	235.85	212.24
Total Debt	2.6	8.07	35.26	43.55	72.01
Net Cash (Debt)	135.16	3.97	-27.42	-36.86	-70.74
Net Cash Growth	3304.41%	-	-	-	-
Net Cash Per Share	0.20	0.01	-0.04	-0.06	-0.11
Filing Date Shares Outstanding	665.3	665.3	656.06	644.7	641.9
Total Common Shares Outstanding	665.3	657.06	656.06	644.7	632.36
Working Capital	164.75	-12.66	-69.48	-28.92	-65.5
Book Value Per Share	0.57	0.31	0.17	0.15	0.09
Tangible Book Value	319.56	160.53	83.28	80.15	44.25
Tangible Book Value Per Share	0.48	0.24	0.13	0.12	0.07
Land	-	-	-	0.02	0.02
Machinery	1.33	1.18	1.32	78.28	3.72
Construction In Progress	-	-	-	1.88	144.58

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