For the quarter ending 2025-12-31, TBN had $56,744,000 increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net loss | -7,556,000 | -9,061,000 | -39,623,177 |
| Loss on extinguishment of debt | - | - | 0 |
| Depreciation and amortization | 1,000 | 2,000 | 85,947 |
| Fair value loss on convertible debt | - | - | 0 |
| Stock-based compensation | 1,299,000 | 215,000 | 4,354,626 |
| Foreign exchange (gain) loss, net | 8,000 | -551,000 | -2,584,809 |
| Performance bonds facility fee | 537,000 | 609,000 | - |
| Loss on remeasurement of assets classified as held for sale | 0 | 0 | 376,000 |
| Accretion of asset retirement obligations | 293,000 | 289,000 | 1,042,169 |
| Checkerboard fee | 0 | - | 5,950,000 |
| Accrued interest income | 232,000 | - | - |
| Interest expense | 97,000 | - | 381,044 |
| Non-cash interest on convertible notes | - | - | 0 |
| Trade and other receivables | -4,556,000 | 4,528,000 | 1,275,416 |
| Prepaid expenses and other assets | -585,000 | 716,000 | 180,267 |
| Accounts payable and accrued expenses | -1,017,000 | -1,171,000 | -3,300,154 |
| Other non-current liabilities | 738,000 | 11,000 | -32,950 |
| Net cash used in operating activities | -707,000 | -13,799,000 | -29,637,369 |
| Payments for property, plant and equipment | 168,000 | 40,000 | 290,429 |
| Payments for exploration and evaluation | 27,381,000 | 19,860,000 | 94,200,588 |
| Payments for assets under construction | 6,661,000 | 7,586,000 | 15,636,848 |
| Payments of third party costs for proposed falcon acquisition | 1,835,000 | - | - |
| Proceeds from sale of assets held for sale | 0 | 0 | 7,990,000 |
| Payment of interest on borrowings | 1,163,000 | - | - |
| Payment of interest on finance lease liabilities | 1,021,000 | 948,000 | 2,798,557 |
| Proceeds from research and development tax credit | - | - | 6,168,698 |
| Proceeds from government grants for exploration | 120,000 | - | - |
| Net cash used in investing activities | -38,109,000 | -28,434,000 | -98,767,724 |
| Proceeds from issue of common stock | 67,390,000 | 10,966,000 | 46,092,336 |
| Proceeds from issue of shares under greenshoe option | 0 | 0 | - |
| Contributions received from noncontrolling interest holders | 7,425,000 | 28,994,000 | 61,457,299 |
| Advance contributions received from noncontrolling interest holders | - | 1,943,000 | 450,239 |
| Proceeds from issue of common stock, awaiting issuance | - | - | 5,722,374 |
| Common stock issue transaction costs | 3,875,000 | 619,000 | 3,193,650 |
| Payment of transaction costs on common stock, awaiting issuance | - | - | 400,902 |
| Payment of performance bond facility establishment fee | 271,000 | - | - |
| Advance payment of common stock issue transaction costs | - | - | 768,275 |
| Proceeds from borrowings | 32,506,000 | - | - |
| Payment of performance bond facility establishment fee | - | 271,000 | 535,527 |
| Payment of debt issuance costs | 2,887,000 | - | - |
| Repayment of lease liabilities | 3,059,000 | 3,076,000 | 7,765,972 |
| Net cash from financing activities | 95,557,000 | 37,937,000 | 101,057,922 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | 56,744,000 | -4,297,000 | -27,347,171 |
| Cash and cash equivalents at beginning of period | 39,556,000 | 45,161,000 | 74,745,897 |
| Effect of exchange rate changes on cash | 2,124,000 | -1,308,000 | -2,237,369 |
| Cash and cash equivalents at end of period | 98,424,000 | 39,556,000 | 45,161,357 |
Tamboran Resources Corp (TBN)
Tamboran Resources Corp (TBN)