Heavy Rare Earths Limited (ASX:HRE)

Heavy Rare Earths Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Net Income	-3.27	-3.22	-1.31	-4.37	-0.36
Stock-Based Compensation	0.1	0.1	0.01	0.71	-
Other Operating Activities	1.82	1.74	-	-	-
Change in Accounts Receivable	0	0	0.01	-0.02	-0.03
Change in Accounts Payable	-0.05	-0.05	0.08	0.1	0.15
Change in Other Net Operating Assets	-0	-0	0.04	-0.02	-0.01
Operating Cash Flow	-1.39	-1.43	-1.17	-3.6	-0.24
Capital Expenditures	-0.06	-0.01	-	-	-0.53
Investing Cash Flow	-0.06	-0.01	-	-	-0.53
Issuance of Common Stock	0	2.46	-	6	1.01
Other Financing Activities	-	-0.05	0	-0.42	-0.13
Financing Cash Flow	0	2.41	0	5.58	0.88
Net Cash Flow	-1.46	0.98	-1.17	1.98	0.11
Free Cash Flow	-1.46	-1.43	-1.17	-3.6	-0.77
Free Cash Flow Margin	-1623.55%	-1597.57%	-373.71%	-	-
Free Cash Flow Per Share	-0.01	-0.01	-0.02	-0.06	-0.14
Levered Free Cash Flow	-1.91	-2.07	-0.7	-2.07	-
Unlevered Free Cash Flow	-1.91	-2.07	-0.7	-2.07	-
Change in Working Capital	-0.05	-0.05	0.13	0.07	0.12

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