Ares Strategic Mining Inc. (CSE:ARS)

Ares Strategic Mining Cash Flow Statement

Financials in millions CAD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net Income	-2.39	-2.93	-4.44	-4.96	-3.65	-2.22
Depreciation & Amortization	0.03	0.04	0.04	0.04	0.03	0.66
Loss (Gain) From Sale of Assets	-	-	-0.23	0.23	-	-
Loss (Gain) From Sale of Investments	-	-0.09	0.21	0.18	-	-
Stock-Based Compensation	-	-	1.3	1.97	1.47	0.52
Other Operating Activities	1.31	1.99	0.11	0.34	0.25	-0
Change in Accounts Receivable	-0.04	-0.03	0.02	0.01	-0.03	0.08
Change in Accounts Payable	3	1.96	0.06	0.4	0.04	-0.05
Change in Other Net Operating Assets	14.74	-0.53	1.2	-0.02	0.03	-0.34
Operating Cash Flow	16.65	0.41	-1.73	-1.81	-1.87	-1.35
Capital Expenditures	-23.06	-16.03	-3.59	-3.19	-2.31	-1.15
Sale of Property, Plant & Equipment	-	-	0.04	0.08	-	-
Cash Acquisitions	-	-	-	-	-	-0.1
Investing Cash Flow	-23.06	-16.03	-3.55	-3.12	-2.31	-1.25
Short-Term Debt Issued	-	0.1	0.78	0.24	0.62	0.04
Long-Term Debt Issued	-	13.99	5.46	-	-	-
Total Debt Issued	30.12	14.08	6.24	0.24	0.62	0.04
Short-Term Debt Repaid	-	-	-	-	-	-0.03
Total Debt Repaid	0.03	-	-	-	-	-0.03
Net Debt Issued (Repaid)	30.15	14.08	6.24	0.24	0.62	0.01
Issuance of Common Stock	0.77	2.76	-	3.58	4.49	2.65
Other Financing Activities	-0.41	-0.69	0.52	-	-0.03	0.18
Financing Cash Flow	30.51	16.16	6.76	3.81	5.07	2.85
Foreign Exchange Rate Adjustments	0.02	0.02	0.05	0.11	0.02	-0.03
Net Cash Flow	24.12	0.55	1.53	-1.01	0.92	0.22
Free Cash Flow	-6.41	-15.63	-5.32	-5.01	-4.18	-2.5
Free Cash Flow Per Share	-0.04	-0.10	-0.04	-0.04	-0.04	-0.05
Cash Interest Paid	1.23	1.23	0.33	0.05	-	0.05
Levered Free Cash Flow	-29.73	-16.55	-4.94	-3.97	-3.18	-1.47
Unlevered Free Cash Flow	-29.18	-15.3	-4.72	-3.94	-3.18	-1.47
Change in Working Capital	17.7	1.39	1.28	0.38	0.04	-0.31

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