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Thor Explorations Ltd.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Total Revenue 193.1M 141.2M 165.2M 6.0M
Operating Revenue 193.1M 141.2M 165.2M 6.0M
Cost Of Revenue 80.9M 102.6M 94.5M 4.1M
Gross Profit 112.2M 38.7M 70.6M 1.9M
Selling General And Administration 10.3M 10.7M 15.9M 3.1M
General And Administrative Expense 10.3M 10.7M 15.9M 3.1M
Depreciation And Amortization In Income Statement 1.2M 823,000 1.3M 106,191
Operating Expense 11.5M 11.6M 17.2M 3.2M
Operating Income 100.6M 27.1M 53.4M -1.3M
EBIT 96.7M 18.7M 53.2M -2.1M
Interest Expense 5.5M 7.8M 14.4M 64,877
Interest Expense Non Operating 5.5M 7.8M 14.4M 64,877
Net Interest Income -5.5M -7.8M -14.6M -269,262
Other Income Expense -4.0M -8.4M -12,014 -595,251
Other Non Operating Income Expenses -4.0M -5.2M -- --
Special Income Charges 0.00 -12,000 -12,014 -1.5M
Restructuring And Mergern Acquisition -- -- 0.00 1.4M
Write Off -- -- -- 0.00
Gain On Sale Of Security -- -3.2M -- 881,069
Pretax Income 91.2M 10.9M 38.8M -2.1M
Tax Provision 0.00 0.00 0.00 -52,822
Tax Effect Of Unusual Items 0.00 0.00 0.00 -14,817
Net Income From Continuing And Discontinued Operation 91.2M 10.9M 38.8M -2.1M
Net Income From Continuing Operation Net Minority Interest 91.2M 10.9M 38.8M -2.1M
Net Income Including Noncontrolling Interests 91.2M 10.9M 38.8M -2.1M
Net Income Common Stockholders 91.2M 10.9M 38.8M -2.1M
Net Income 91.2M 10.9M 38.8M -2.1M
EBITDA 129.4M 46.9M 84.9M -2.0M
Normalized EBITDA 129.4M 50.1M 84.9M -1.4M
Reconciled Depreciation 32.7M 28.2M 31.7M 106,191
Basic EPS 0.14 0.02 0.06 -0.00
Diluted EPS 0.14 0.02 0.06 -0.00
Basic Average Shares 656.2M 650.7M 642.0M 625.4M
Diluted Average Shares 659.2M 655.2M 650.3M 625.4M
Total Unusual Items 0.00 -3.2M -12,014 -595,251
Total Unusual Items Excluding Goodwill 0.00 -3.2M -12,014 -595,251
Tax Rate For Calcs 0.00 0.00 0.00 0.02
Normalized Income 91.2M 14.0M 38.8M -1.5M
Depreciation Amortization Depletion Income Statement 1.2M 823,000 1.3M 106,191
Depreciation Income Statement 1.2M 823,000 1.3M 106,191
Diluted NI Availto Com Stockholders 91.2M 10.9M 38.8M -2.1M
Impairment Of Capital Assets 0.00 12,000 12,014 99,059
Net Income Continuous Operations 91.2M 10.9M 38.8M -2.1M
Net Non Operating Interest Income Expense -5.5M -7.8M -14.6M -269,262
Other Gand A 6.9M 6.9M 11.2M 1.4M
Reconciled Cost Of Revenue 49.4M 75.1M 64.2M 4.1M
Salaries And Wages 3.4M 3.9M 4.7M 1.6M
Total Expenses 92.5M 114.1M 111.8M 7.3M
Total Operating Income As Reported 100.6M 23.9M 53.4M -1.6M
Total Other Finance Cost -- 264,957 205,828 204,385
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Cash And Cash Equivalents 12.0M 7.8M 6.7M 1.3M
Cash Cash Equivalents And Short Term Investments 12.0M 7.8M 6.7M 1.3M
Cash Financial 12.0M 7.8M 6.7M 1.3M
Accounts Receivable -- 5,464 67,084 237,651
Receivables 377,000 281,000 220,442 237,651
Inventory 41.1M 41.8M 32.5M 17.4M
Prepaid Assets 4.2M 7.7M 10.5M 586,865
Current Assets 57.7M 57.5M 49.9M 22.9M
Gross PPE 242.9M 236.5M 213.6M 189.3M
Accumulated Depreciation -79.0M -51.3M -28.2M -1.3M
Net PPE 163.9M 185.2M 185.4M 188.1M
Goodwill And Other Intangible Assets 134,000 163,000 150,747 230,136
Other Intangible Assets 134,000 163,000 150,747 230,136
Other Non Current Assets 57.1M 15.9M 2.00 2.00
Total Non Current Assets 221.4M 201.6M 186.0M 188.5M
Total Assets 279.1M 259.1M 235.8M 211.4M
Current Debt 860,000 23.2M 531,986 28.0M
Current Debt And Capital Lease Obligation 4.8M 28.1M 5.7M 32.8M
Accounts Payable 46.3M 58.7M 46.9M --
Payables 46.4M 60.7M 50.1M --
Payables And Accrued Expenses 49.0M 74.8M 56.3M 43.6M
Current Accrued Expenses 2.5M 14.1M 6.2M --
Current Deferred Revenue 5.3M 11.8M 6.6M 0.00
Other Current Liabilities 11.3M 12.3M 10.2M 12.8M
Current Liabilities 70.4M 127.0M 78.8M 89.2M
Long Term Debt -- 518,000 27.3M 25.8M
Long Term Debt And Capital Lease Obligation 2.4M 7.2M 37.9M 39.2M
Long Term Capital Lease Obligation 2.4M 6.7M 10.6M 13.4M
Other Non Current Liabilities -- 7.7M 14.9M 19.0M
Total Non Current Liabilities Net Minority Interest 7.5M 19.9M 57.7M 63.4M
Total Liabilities Net Minority Interest 77.8M 146.9M 136.5M 152.6M
Common Stock 81.6M 81.5M 80.4M 79.0M
Capital Stock 81.6M 81.5M 80.4M 79.0M
Retained Earnings 121.6M 30.4M 18.1M -21.9M
Gains Losses Not Affecting Retained Earnings -3.9M -1.6M -2.5M -2.9M
Common Stock Equity 201.3M 112.2M 99.4M 58.8M
Stockholders Equity 201.3M 112.2M 99.4M 58.8M
Total Equity Gross Minority Interest 201.3M 112.2M 99.4M 58.8M
Total Capitalization 201.3M 112.7M 126.6M 84.6M
Net Tangible Assets 201.1M 112.0M 99.2M 58.6M
Tangible Book Value 201.1M 112.0M 99.2M 58.6M
Working Capital -12.7M -69.5M -28.9M -66.3M
Invested Capital 201.3M 136.0M 127.2M 112.5M
Total Debt 7.2M 35.3M 43.6M 72.0M
Net Debt -- 15.9M 21.1M 52.5M
Share Issued 657.1M 656.1M 644.7M 632.4M
Ordinary Shares Number 657.1M 656.1M 644.7M 632.4M
Capital Lease Obligations 7.2M 11.5M 15.4M 18.3M
Construction In Progress 0.00 0.00 1.9M 144.6M
Current Capital Lease Obligation 4.8M 4.8M 4.8M 4.8M
Current Deferred Liabilities 5.3M 11.8M 6.6M 0.00
Finished Goods 5.7M 3.9M 3.2M 7.9M
Foreign Currency Translation Adjustments -3.9M -1.6M -2.5M -2.9M
Land And Improvements -- 16,808 16,808 16,808
Long Term Provisions 5.1M 5.0M 5.0M 5.2M
Machinery Furniture Equipment 1.2M 1.3M 78.3M 3.7M
Non Current Deferred Assets 0.00 89,000 87,797 86,795
Non Current Deferred Taxes Assets 0.00 89,000 87,797 86,795
Non Current Prepaid Assets 208,000 221,000 282,825 105,683
Other Current Borrowings 860,000 23.2M 531,986 28.0M
Other Equity Interest 1.9M 2.0M 3.4M 4.5M
Other Payable 171,000 1.9M 3.2M --
Other Properties 7.3M 12.1M 21.5M 25.9M
Other Receivables 377,000 281,000 152,365 213,441
Raw Materials 31.2M 29.4M 28.3M 7.5M
Restricted Cash -- 0.00 0.00 3.5M
Taxes Receivable -- 4,319 993.00 3,715
Work In Process 4.3M 8.4M 956,864 1.9M
Line Item FY 2024Dec 31, 2024 FY 2023Dec 31, 2023 FY 2022Dec 31, 2022 FY 2021Dec 31, 2021
Operating Cash Flow 61.8M 63.8M 84.4M -18.2M
Cash Flow From Continuing Operating Activities 61.8M 63.8M 84.4M -18.2M
Depreciation And Amortization 32.7M 28.2M 31.7M 106,191
Depreciation Amortization Depletion 32.7M 28.2M 31.7M 106,191
Stock Based Compensation -- 0.00 451,964 0.00
Deferred Tax -- 0.00 0.00 -52,822
Deferred Income Tax -- 0.00 0.00 -52,822
Change In Working Capital -74.3M 12.9M -4.4M -17.6M
Change In Receivables -- -60,289 17,209 -42,131
Change In Inventory -40.6M -25.2M -15.1M -18.5M
Change In Payables And Accrued Expense -29.7M 30.0M 14.5M 1.3M
Change In Other Working Capital -7.4M 5.3M 6.6M --
Other Non Cash Items 9.5M 13.1M 14.6M 47,738
Capital Expenditure -4.1M -28.4M -28.7M -32.6M
Purchase Of PPE -- -- -26.8M -4.9M
Net PPE Purchase And Sale -4.0M -28.3M -26.8M -4.9M
Investing Cash Flow -12.9M -37.8M -30.6M -35.3M
Cash Flow From Continuing Investing Activities -12.9M -37.8M -30.6M -35.3M
Issuance Of Debt -- -- -- 30.5M
Repayment Of Debt -42.9M -21.8M -44.7M -2.8M
Net Issuance Payments Of Debt -42.9M -21.8M -44.7M 28.4M
Issuance Of Capital Stock -- -- 0.00 2.0M
Net Common Stock Issuance -- -- 0.00 2.0M
Financing Cash Flow -44.7M -25.1M -48.4M 29.8M
Cash Flow From Continuing Financing Activities -44.7M -25.1M -48.4M 29.8M
Effect Of Exchange Rate Changes 6,000 220,000 8,439 2.8M
Changes In Cash 4.2M 932,000 5.4M -23.7M
Beginning Cash Position 7.8M 6.7M 1.3M 22.2M
End Cash Position 12.0M 7.8M 6.7M 1.3M
Free Cash Flow 57.7M 35.4M 55.7M -50.8M
Amortization Cash Flow 1.1M 680,000 1.3M --
Amortization Of Intangibles 1.1M 680,000 1.3M --
Asset Impairment Charge 0.00 12,000 12,014 99,059
Capital Expenditure Reported -- 0.00 -1.9M -27.5M
Cash Dividends Paid 0.00 0.00 0.00 0.00
Change In Prepaid Assets 3.4M 2.8M -10.3M -346,917
Common Stock Issuance -- -- 0.00 2.0M
Depreciation 31.7M 27.6M 30.4M 61,823
Gain Loss On Investment Securities 1.9M 1.1M 1.6M 43,295
Interest Paid Cff -2.0M -4.2M -4.6M -65,602
Long Term Debt Issuance -- -- -- 30.5M
Long Term Debt Payments -42.9M -21.8M -44.7M -2.8M
Net Foreign Currency Exchange Gain Loss 773,000 -2.4M 1.6M 1.3M
Net Income From Continuing Operations 91.2M 10.9M 38.8M -2.1M
Net Intangibles Purchase And Sale -80,000 -141,000 -43,599 -175,423
Net Long Term Debt Issuance -42.9M -21.8M -44.7M 28.4M
Net Other Financing Charges 142,000 924,000 960,546 -510,838
Net Other Investing Changes -8.8M -9.4M -1.9M -2.7M
Operating Gains Losses 2.7M -1.3M 3.2M 1.3M
Purchase Of Intangibles -80,000 -141,000 -43,599 -175,423
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