Thor Energy PLCs Q1 2026 report highlights operational excellence and strategic consolidation, with key achievements including the completion of the Molyhil project sale, bolstering the balance sheet by A$6.56m. The company expanded its natural hydrogen portfolio through joint ventures in the Otway Basin and advanced its HY-Range project with Phase 2 geochemistry surveys, aiming to refine subsurface models for hydrogen and helium systems. Thor also strengthened its strategic interest in in-situ recovery of copper through board representation in EnviroCopper Limited. Financially, Thor ended the quarter with a cash balance of A$3.314m, with net cash outflows from operating and investing activities totaling A$1.689m. The company anticipates releasing Phase 2 survey results and initiating 2D seismic acquisition in Q2 2026.
| Financial Metric | Q1 2026 | Year to Date (9 months) | Previous Quarter |
|---|---|---|---|
| Net Cash from / (used in) Operating Activities | A$613,000 | A$2,075,000 | A$1,661,000 |
| Net Cash from / (used in) Investing Activities | A$2,302,000 | A$3,989,000 | A$1,661,000 |
| Net Cash from / (used in) Financing Activities | A$0 | A$0 | A$0 |
| Net Increase / (Decrease) in Cash and Cash Equivalents | A$1,689,000 | A$1,914,000 | A$1,661,000 |
| Cash and Cash Equivalents at End of Period | A$3,314,000 | A$3,314,000 | A$1,661,000 |
| Estimated Quarters of Funding Available | 5.4 | N/A | N/A |