Tamboran Resources Corp
For the period ended Mar 31, 2026. Filed May 13, 2026.
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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.
Mar 31, 2026 · Filed May 13, 2026
TBN$28.53-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
TAMBORAN RESOURCES CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS (UNAUDITED) (In thousands)
| Nine months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(27,232) | $(30,428) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 5 | 85 |
| Stock-based compensation | 2,634 | 3,028 |
| Foreign exchange (gain) loss, net | 3,444 | 1,340 |
| Performance bonds facility fee | 1,717 | — |
| Loss on remeasurement of assets classified as held for sale | — | 376 |
| Accretion of asset retirement obligations | 908 | 774 |
| Checkerboard fee | — | 5,950 |
| Accrued interest income | (100) | — |
| Interest expense | 151 | 317 |
| Changes in operating assets and liabilities: | ||
| Trade and other receivables | (3,587) | (566) |
| Prepaid expenses and other assets | (1,523) | (164) |
| Accounts payable and accrued expenses | (4,234) | (3,900) |
| Other non-current liabilities | 780 | (17) |
| Net cash used in operating activities | (27,037) | (23,205) |
| Cash flows from investing activities: | ||
| Payments for property, plant and equipment | (258) | (231) |
| Payments for exploration and evaluation | (79,739) | (74,078) |
| Payments for assets under construction | (24,384) | (11,511) |
| Payments of third party costs for proposed Falcon Acquisition | (3,040) | — |
| Proceeds from sale of assets held for sale | — | 7,990 |
| Payment of interest on borrowings | (2,940) | — |
| Payment of interest on finance lease liabilities | (2,552) | (2,020) |
| Proceeds from government grants for exploration | 120 | 6,169 |
| Net cash used in investing activities | (112,793) | (73,681) |
| Cash flows from financing activities: | ||
| Proceeds from issue of common stock | 110,368 | — |
| Proceeds from issue of shares under greenshoe option | — | 7,410 |
| Contributions received from noncontrolling interest holders | 55,396 | 48,457 |
| Common stock issue transaction costs | (5,207) | (479) |
| Payment of performance bond facility establishment fee | (271) | (536) |
| Proceeds from borrowings | 43,997 | — |
| Payment of debt issuance costs | (3,329) | — |
| Repayment of lease liabilities | (6,906) | (6,508) |
| Net cash from financing activities | 194,048 | 48,344 |
| Net (decrease) increase in cash and cash equivalents and restricted cash | 54,217 | (48,542) |
| Cash and cash equivalents and restricted cash at the beginning of period | 45,161 | 74,746 |
| Effects of exchange rate changes on cash and cash equivalents | 2,539 | (569) |
| Cash and cash equivalents and restricted cash at the end of period | $101,917 | $25,635 |
| Supplemental cash flow information: | ||
| Non-cash investing and financing activities: | ||
| Accrued capital expenditure | $8,543 | $9,872 |
| Asset retirement obligations | (60) | (477) |
| Stock-based compensation | (1,673) | (4,476) |
| Contribution receivable from noncontrolling interest holders | 185 | 6,765 |
| Operating lease right-of-use assets and lease liabilities | (1,725) | (225) |
| Interest accrued on finance lease liabilities | (283) | (524) |
| Finance lease right-of-use assets and lease liabilities | (1,796) | (5,898) |
| Accrued debt issuance costs | (244) | — |
| Interest and fee payable | (731) | — |
| Non-cash finance lease costs capitalized to unproved properties | 6,647 | 7,817 |
| Non-cash equity issuance transactions | $2,188 | $— |
The accompanying notes are an integral part of these condensed consolidated financial statements. Certain
amounts may not add up or recalculate due to rounding.
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