Thor Explorations Ltd. (TSXV:THX)

Thor Explorations Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	193.13	137.75	12.04	7.84	6.69	1.28
Cash & Short-Term Investments	193.13	137.75	12.04	7.84	6.69	1.28
Cash Growth	265.41%	1044.10%	53.57%	17.22%	424.03%	-94.25%
Accounts Receivable	-	-	-	-	0.07	0.02
Other Receivables	0.59	0.4	0.38	0.28	0.15	0.22
Receivables	0.59	0.4	0.38	0.28	0.22	0.24
Inventory	51.07	37.2	41.1	41.77	32.5	18.15
Prepaid Expenses	6.12	6.24	2.53	1.88	0.85	0.35
Restricted Cash	-	-	-	-	-	3.5
Other Current Assets	4.23	5.07	1.65	5.77	9.63	0.24
Total Current Assets	255.14	186.67	57.71	57.54	49.88	23.74
Property, Plant & Equipment	57.76	73.42	123.31	156.46	166.36	172.96
Other Intangible Assets	77.17	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	98.27	86.55	57.33	16.11	0.28	0.11
Total Assets	488.34	407.08	279.07	259.11	235.85	212.24

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	6.92	0.89	44.37	58.71	46.91	43.57
Accrued Expenses	15.93	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	0.16	2.55	4.82	4.82	4.81	4.85
Current Unearned Revenue	-	-	4.46	11.84	6.58	-
Other Current Liabilities	1.31	0.87	11.43	14.29	13.4	12.84
Total Current Liabilities	24.32	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	5.14	5.12	5.06	12.71	19.81	24.23
Total Liabilities	29.46	27.08	77.82	146.92	136.47	152.65

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	84.29	83.11	81.63	81.49	80.44	79.03
Retained Earnings	377.24	301.15	121.57	30.35	18.1	-21.06
Comprehensive Income & Other	-2.65	-4.25	-1.95	0.35	0.84	1.62
Shareholders' Equity	458.88	380.01	201.25	112.19	99.38	59.59
Total Liabilities & Equity	488.34	407.08	279.07	259.11	235.85	212.24

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	0.16	2.6	8.07	35.26	43.55	72.01
Net Cash (Debt)	192.97	135.16	3.97	-27.42	-36.86	-70.74
Net Cash Growth	303.80%	3304.41%	-	-	-	-
Net Cash Per Share	0.29	0.20	0.01	-0.04	-0.06	-0.11
Filing Date Shares Outstanding	666.57	665.3	665.3	656.06	644.7	641.9
Total Common Shares Outstanding	666.57	665.3	657.06	656.06	644.7	632.36
Working Capital	230.82	164.75	-12.66	-69.48	-28.92	-65.5
Book Value Per Share	0.69	0.57	0.31	0.17	0.15	0.09
Tangible Book Value	381.71	319.56	160.53	83.28	80.15	44.25
Tangible Book Value Per Share	0.57	0.48	0.24	0.13	0.12	0.07
Land	-	-	-	-	0.02	0.02
Machinery	1.85	1.33	1.18	1.32	78.28	3.72
Construction In Progress	-	-	-	-	1.88	144.58

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

Data Sources Report a data error