$TRX

TANZANIAN ROYALTY EXPLORATION CORP

CIK:0001173643|SEC Filings

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2025	Aug. 31, 2024
Profit or loss [abstract]
Revenue	$ 57,613	$ 41,158
Cost of sales
Production costs	(25,873)	(17,940)
Royalty	(4,011)	(3,094)
Depreciation	(3,791)	(2,195)
Total cost of sales	(33,675)	(23,229)
Gross profit	23,938	17,929
General and administrative expenses	(7,952)	(6,889)
Change in fair value of derivative financial instruments	1,262	1,023
Foreign exchange (losses) gains	(431)	284
Interest and other expenses	(2,360)	(2,011)
Income before tax	14,457	10,336
Income tax expense	(7,891)	(6,826)
Net income and comprehensive income	6,566	3,510
Net income (loss) and comprehensive income (loss) attributable to:
Shareholders	687	(470)
Non-controlling interest	5,879	3,980
Net income and comprehensive income	$ 6,566	$ 3,510
Earnings (loss) per share attributable to shareholders
Basic (loss) earnings per share	$ 0.00	$ (0.00)
Diluted (loss) earnings per share	$ 0.00	$ (0.00)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2025	Aug. 31, 2024
Operating
Net income	$ 6,566	$ 3,510
Adjustments for items not involving cash:
Non-cash items	14,610	9,126
Changes in non-cash working capital:
Increase (decrease) in amounts receivable	(1,387)	184
Increase in inventories	(5,570)	(929)
(Increase) decrease in prepaid and other assets	(484)	217
Increase in amounts payable and accrued liabilities	3,312	2,819
(Decrease) increase in income tax payable	(767)	389
Cash provided by operating activities	16,280	15,316
Investing
Exploration and evaluation assets and expenditures	(913)	(417)
Purchase of mineral property, plant and equipment	(12,789)	(13,261)
Increase in other long-term assets	(657)	(311)
Cash used in investing activities	(14,359)	(13,989)
Financing
Financing costs paid	(475)
Withholding taxes on settlement of share-based payments	(778)	(553)
Lease payments	(1,229)	(72)
Cash used in financing activities	(2,482)	(625)
Net (decrease) increase in cash	(561)	702
Cash at beginning of the year	8,331	7,629
Cash at end of the year	7,770	8,331
Taxes paid in cash	994	1,218
Interest paid on leases	$ 351	$ 3

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Aug. 31, 2025	Aug. 31, 2024
Current assets
Cash	$ 7,770	$ 8,331
Amounts receivable	3,818	1,958
Prepayments and other assets	1,237	1,246
Inventories	13,018	6,249
Total current assets	25,843	17,784
Other long-term assets	3,916	3,259
Mineral property, plant and equipment	87,493	77,817
Total assets	117,252	98,860
Current liabilities
Amounts payable and accrued liabilities	18,164	15,545
Income tax payable	753	1,411
Current portion of deferred revenue	3,408	1,653
Current portion of lease liabilities	1,201	401
Derivative financial instrument liabilities	1,011	2,273
Total current liabilities	24,537	21,283
Lease liabilities	1,606	942
Deferred income tax liability	15,670	9,505
Provision for reclamation	1,151	1,091
Total liabilities	42,964	32,821
Equity
Share capital	168,001	165,945
Share-based payments reserve	8,778	9,151
Warrants reserve	1,700	1,700
Accumulated deficit	(121,206)	(121,893)
Equity attributable to shareholders	57,273	54,903
Non-controlling interest	17,015	11,136
Total equity	74,288	66,039
Total equity and liabilities	$ 117,252	$ 98,860