Black Horse Mining Limited (ASX:BHL)

Black Horse Mining Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY	FY
Period Ending	Jun 30, 2025	Dec 31, 2018	Dec 31, 2017
Net Income	-0.25	3.23	-4.44
Depreciation & Amortization	-	0.75	0.18
Other Operating Activities	0.07	3.4	-0.82
Change in Accounts Receivable	-	-15.27	-10.76
Change in Inventory	-	3.08	-1.3
Change in Accounts Payable	-	7.24	2.02
Change in Income Taxes	-	2.43	-1.33
Change in Other Net Operating Assets	-	-8.23	0.01
Operating Cash Flow	-0.17	-4.25	-16.59
Capital Expenditures	-	-0.26	-0.08
Cash Acquisitions	-	-	-85.9
Other Investing Activities	-	22.87	9.76
Investing Cash Flow	-	22.61	-76.22
Long-Term Debt Issued	-	-	60.06
Total Debt Issued	0.18	-	60.06
Long-Term Debt Repaid	-	-16.54	-
Net Debt Issued (Repaid)	0.18	-16.54	60.06
Issuance of Common Stock	0	-	-
Other Financing Activities	-	-	25.42
Financing Cash Flow	0.18	-16.54	85.48
Net Cash Flow	0.01	1.82	-7.33
Free Cash Flow	-0.17	-4.52	-16.67
Free Cash Flow Margin	-	-9.78%	-279.73%
Cash Income Tax Paid	-	1.56	0.18
Levered Free Cash Flow	-	10.59	-
Unlevered Free Cash Flow	-	12.83	-
Change in Working Capital	-	-11.63	-11.52

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