Galiano Gold Cash Flow Statement

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

Millions USD. 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	-29.29	6.12	26.09	40.81	-68.88
Depreciation & Amortization	65.77	25.98	0.14	1.77	0.15
Loss (Gain) From Sale of Investments	-2.56	-2.55	-3.36	-2.01	8.5
Loss (Gain) on Equity Investments	-	-2.43	-31.67	-46.52	51.53
Stock-Based Compensation	10.31	6.87	6.16	1.65	3.18
Other Operating Activities	108.78	26.06	-2.88	-1.01	-0.22
Change in Accounts Receivable	0.04	1.03	0.68	5.64	-4.63
Change in Inventory	-15.46	1.17	-	-	-
Change in Accounts Payable	19.65	-5.01	1.21	1.45	-2.32
Change in Other Net Operating Assets	0.75	-1.49	-0.01	0.01	-0.24
Operating Cash Flow	157.99	55.75	-3.63	1.78	-12.94
Operating Cash Flow Growth	183.42%	-	-	-	-
Capital Expenditures	-114.92	-66.9	-0.04	-0	-0.03
Cash Acquisitions	-	47.5	-	-	-1.47
Investment in Securities	-25	25	-	-	5
Other Investing Activities	2.95	0.19	2.9	1.04	0.41
Investing Cash Flow	-136.97	5.79	2.86	1.03	3.91
Long-Term Debt Repaid	-19.27	-13.4	-0.13	-0.13	-0.13
Net Debt Issued (Repaid)	-19.27	-13.4	-0.13	-0.13	-0.13
Issuance of Common Stock	2.06	2.84	0.02	-	0.57
Other Financing Activities	-3.48	-0.04	-	-	-
Financing Cash Flow	-20.69	-10.6	-0.11	-0.13	0.44
Foreign Exchange Rate Adjustments	2.22	-0.43	0.04	-0.1	-0.04
Net Cash Flow	2.55	50.51	-0.84	2.59	-8.63
Free Cash Flow	43.07	-11.15	-3.67	1.78	-12.97
Free Cash Flow Margin	13.11%	-5.36%	-	-	-
Free Cash Flow Per Share	0.17	-0.04	-0.02	0.01	-0.06
Levered Free Cash Flow	56.11	5.87	2.29	3.37	-11.3
Unlevered Free Cash Flow	60.05	9.04	2.3	3.39	-11.28
Change in Working Capital	4.99	-4.3	1.88	7.1	-7.19

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