ASX:ERA Cash Flow Statement

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

Millions AUD. 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	-50.32	-245.98	-1,388	-160.55	-650.21
Depreciation & Amortization	131.59	110.27	56.93	106.14	19.15
Loss (Gain) From Sale of Assets	-0.13	-0.31	-1.27	-2.5	0.13
Asset Writedown & Restructuring Costs	-0.02	89.86	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	3.45	0.16
Stock-Based Compensation	0.24	0.36	0.1	0.33	0.62
Other Operating Activities	-57.73	42.98	1,326	54.05	669.36
Change in Accounts Receivable	2.86	-4.87	0.45	28.7	-25.59
Change in Inventory	-0.58	0.06	0.74	21.55	118.51
Change in Accounts Payable	2.37	0.77	-7.8	-3.1	-2.49
Change in Other Net Operating Assets	-220.49	-177.09	-210.76	-195.02	-167.58
Operating Cash Flow	-192.22	-183.95	-223.25	-146.96	-37.93
Capital Expenditures	-	-0.08	-0.08	-0.23	-0.04
Sale of Property, Plant & Equipment	0.13	0.39	1.35	2.73	-
Investment in Securities	-80	-460	-	-	-
Other Investing Activities	-	-	-	56.78	-
Investing Cash Flow	-79.87	-459.69	1.27	59.28	-0.04
Short-Term Debt Issued	-	-	100	12.25	-
Total Debt Issued	-	-	100	12.25	-
Short-Term Debt Repaid	-	-	-112.25	-	-
Long-Term Debt Repaid	-0.31	-0.3	-0.28	-0.3	-1.68
Total Debt Repaid	-0.31	-0.3	-112.54	-0.3	-1.68
Net Debt Issued (Repaid)	-0.31	-0.3	-12.54	11.95	-1.68
Issuance of Common Stock	-	766.5	369.14	-	-
Other Financing Activities	-0.56	-8.2	-4.79	-1.01	-0.84
Financing Cash Flow	-0.86	758	351.81	10.94	-2.51
Foreign Exchange Rate Adjustments	-0.01	0.02	0	-0.01	0.01
Net Cash Flow	-272.96	114.38	129.84	-76.76	-40.48
Free Cash Flow	-192.22	-184.02	-223.33	-147.19	-37.98
Free Cash Flow Margin	-326.50%	-494.74%	-653.34%	-266.12%	-18.89%
Free Cash Flow Per Share	-	-0.00	-0.01	-0.04	-0.01
Cash Interest Paid	0.56	0.64	0.64	0.64	0.73
Levered Free Cash Flow	154.85	-33.92	-785.71	166.99	-197.43
Unlevered Free Cash Flow	155.2	-33.52	-785.31	167.39	-196.97
Change in Working Capital	-215.85	-181.12	-217.36	-147.87	-77.14

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