Tolu Minerals Cash Flow Statement

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-11.05	-7.62	-4.91
Depreciation & Amortization	0.25	0.22	0.02
Other Amortization	0.01	0.01	-
Stock-Based Compensation	0.78	0.78	-
Other Operating Activities	2.01	1.13	1.44
Change in Accounts Receivable	-1.59	-1.59	-0.18
Change in Accounts Payable	2.87	2.87	0.66
Change in Other Net Operating Assets	-0.29	-0.29	-0.17
Operating Cash Flow	-7.01	-4.47	-3.13
Capital Expenditures	-33.73	-24.54	-1.59
Cash Acquisitions	-	-	-0.5
Sale (Purchase) of Intangibles	-	-0.03	-
Other Investing Activities	-0.08	-0.07	-
Investing Cash Flow	-33.81	-24.63	-2.09
Long-Term Debt Issued	-	-	0.4
Long-Term Debt Repaid	-	-0.14	-0.02
Net Debt Issued (Repaid)	-0.14	-0.14	0.38
Issuance of Common Stock	53.96	35.52	17.34
Other Financing Activities	-3	-2.14	-1.45
Financing Cash Flow	50.82	33.24	16.27
Foreign Exchange Rate Adjustments	-0.06	-0.02	0.11
Net Cash Flow	9.94	4.12	11.16
Free Cash Flow	-40.74	-29.01	-4.72
Free Cash Flow Per Share	-0.20	-0.17	-
Cash Interest Paid	0.05	0.04	0.01
Levered Free Cash Flow	-39.38	-27.34	-
Unlevered Free Cash Flow	-39.37	-27.34	-
Change in Working Capital	0.99	0.99	0.31

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