Serabi Gold Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	53.91	27.82	6.58	-0.98	9.95
Depreciation & Amortization	9.65	4.5	6.7	6.94	6.35
Other Amortization	-	-	-	-	0.15
Loss (Gain) From Sale of Assets	-0.32	0.27	-0.18	-0.03	0.16
Stock-Based Compensation	0.38	0.25	0.2	0.25	0.27
Other Operating Activities	0.88	0.83	-1.17	3.45	0.15
Change in Accounts Receivable	-12.33	-2.51	1.61	-6.47	-1.26
Change in Inventory	-1.73	-2.73	-2.83	-1.44	-0.33
Change in Accounts Payable	5.47	2.44	1.19	0.23	-0.64
Operating Cash Flow	55.91	30.88	12.09	1.96	14.8
Operating Cash Flow Growth	81.06%	155.35%	518.40%	-86.78%	1.64%
Capital Expenditures	-13.03	-14.23	-6.8	-8.08	-9.53
Sale of Property, Plant & Equipment	0.38	0.06	0.33	0.17	0.38
Cash Acquisitions	-	-	-	-	-5.5
Sale (Purchase) of Intangibles	-	-	-	-	-0.1
Other Investing Activities	-16.34	-4.22	-0.26	-3.06	-8.46
Investing Cash Flow	-29	-18.39	-6.74	-10.96	-23.21
Short-Term Debt Issued	5	5	5	4.92	-
Total Debt Issued	5	5	5	4.92	-
Short-Term Debt Repaid	-5.15	-5	-5.1	-	-2
Long-Term Debt Repaid	-0.35	-0.89	-1.17	-1.03	-0.36
Total Debt Repaid	-5.5	-5.89	-6.27	-1.03	-2.36
Net Debt Issued (Repaid)	-0.5	-0.89	-1.27	3.89	-2.36
Issuance of Common Stock	-	-	-	-	16.56
Other Financing Activities	-	-	-	-	0.03
Financing Cash Flow	-0.5	-0.89	-1.27	3.89	14.24
Foreign Exchange Rate Adjustments	0.63	-0.97	0.27	0.09	-0.21
Net Cash Flow	27.04	10.63	4.36	-5.02	5.61
Free Cash Flow	42.88	16.65	5.29	-6.12	5.26
Free Cash Flow Growth	157.60%	214.72%	-	-	-41.91%
Free Cash Flow Margin	27.51%	17.61%	8.30%	-10.43%	8.33%
Free Cash Flow Per Share	0.57	0.22	0.07	-0.08	0.07
Cash Interest Paid	-	0.55	0.43	0.21	1.3
Cash Income Tax Paid	-	1.97	1.4	0.13	1.13
Levered Free Cash Flow	33.55	10.88	1.98	-4.68	2.89
Unlevered Free Cash Flow	33.91	11.22	2.39	-3.28	2.88
Change in Working Capital	-8.59	-2.79	-0.03	-7.67	-2.23

Source: S&P Global Market Intelligence. Standard template. Financial Sources.