Tamboran Resources Corp
For the period ended Dec 31, 2024. Filed Feb 12, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 12, 2025
TBN$28.53-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations and Comprehensive Loss
(UNAUDITED)
(In dollars, except share amounts)
| Three months ended December 31, · Six months ended December 31, | |||||
|---|---|---|---|---|---|
| Note | 2024 | 2023 | 2024 | 2023 | |
| Revenue and other operating income | $— | $— | $— | $— | |
| Operating costs and expenses | |||||
| Compensation and benefits, including stock-based compensation | (1,682,928) | (506,403) | (3,902,061) | (1,764,394) | |
| Consultancy, legal and professional fees | (1,004,147) | (2,404,404) | (2,683,825) | (3,785,275) | |
| Depreciation and amortization | (30,740) | (29,072) | (61,415) | (58,084) | |
| Loss on remeasurement of assets classified as held for sale | 3 | — | (25,605) | (376,000) | (25,605) |
| Accretion of asset retirement obligations | 6 | (242,066) | (215,282) | (499,804) | (429,597) |
| Exploration expense | (1,473,303) | (2,482,137) | (2,482,812) | (3,387,001) | |
| LNG feasibility study expense | (3,232,897) | — | (3,232,897) | — | |
| Checkerboard fee | 7 | (5,950,000) | — | (5,950,000) | — |
| General and administrative | (1,398,766) | (1,069,047) | (2,804,104) | (1,597,986) | |
| Total operating costs and expenses | (15,014,847) | (6,731,950) | (21,992,918) | (11,047,942) | |
| Loss from operations | (15,014,847) | (6,731,950) | (21,992,918) | (11,047,942) | |
| Other income (expense) | |||||
| Interest income, net | 705,428 | 164,743 | 1,501,471 | 248,531 | |
| Foreign exchange loss, net | (1,227,852) | (888,538) | (1,481,884) | (274,192) | |
| Other income (expense), net | 37,167 | (64,752) | (282,340) | (199,027) | |
| Total other income (expense) | (485,257) | (788,547) | (262,753) | (224,688) | |
| Net loss | (15,500,104) | (7,520,497) | (22,255,671) | (11,272,630) | |
| Less: Net loss attributable to noncontrolling interest | (1,333,158) | (1,494,166) | (2,194,151) | (2,056,601) | |
| Net loss attributable to Tamboran Resources Corporation stockholders | $(14,166,946) | $(6,026,331) | $(20,061,520) | $(9,216,029) | |
| Comprehensive income (loss) | |||||
| Net loss | $(15,500,104) | $(7,520,497) | $(22,255,671) | $(11,272,630) | |
| Other comprehensive income (loss) | |||||
| Foreign currency translation | (29,158,105) | 13,650,998 | (17,009,928) | 8,333,400 | |
| Total comprehensive income (loss) | (44,658,209) | 6,130,501 | (39,265,599) | (2,939,230) | |
| Less: Total comprehensive income (loss) attributable to noncontrolling interest | (5,358,510) | 746,029 | (4,792,287) | (655,891) | |
| Total comprehensive income (loss) attributable to Tamboran Resources Corporation stockholders | $(39,299,699) | $5,384,472 | $(34,473,312) | $(2,283,339) | |
| Net loss per common stock | |||||
| Basic and diluted | 10 | $(0.987) | $(0.690) | $(1.409) | $(1.070) |
| Weighted average number of common stock outstanding | |||||
| Basic and diluted | 10 | 14,346,556 | 8,735,752 | 14,236,753 | 8,612,217 |
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