Serabi Gold Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	44.9	27.82	6.58	-0.98	9.95	7.03
Depreciation & Amortization	7.7	4.5	6.7	6.94	6.35	5.38
Other Amortization	-	-	-	-	0.15	0.15
Loss (Gain) From Sale of Assets	-0.14	0.27	-0.18	-0.03	0.16	-0.25
Stock-Based Compensation	0.36	0.25	0.2	0.25	0.27	0.59
Other Operating Activities	-2.4	0.83	-1.17	3.45	0.15	2.33
Change in Accounts Receivable	-6.83	-2.51	1.61	-6.47	-1.26	-0.77
Change in Inventory	-3.49	-2.73	-2.83	-1.44	-0.33	-1.84
Change in Accounts Payable	6	2.44	1.19	0.23	-0.64	1.93
Operating Cash Flow	46.09	30.88	12.09	1.96	14.8	14.56
Operating Cash Flow Growth	110.25%	155.35%	518.40%	-86.78%	1.64%	-21.35%
Capital Expenditures	-13.16	-14.23	-6.8	-8.08	-9.53	-5.5
Sale of Property, Plant & Equipment	0.35	0.06	0.33	0.17	0.38	0.63
Cash Acquisitions	-	-	-	-	-5.5	-6.5
Sale (Purchase) of Intangibles	-	-	-	-	-0.1	-0.63
Other Investing Activities	-14.25	-4.22	-0.26	-3.06	-8.46	-3.75
Investing Cash Flow	-27.06	-18.39	-6.74	-10.96	-23.21	-15.76
Short-Term Debt Issued	-	5	5	4.92	-	2
Total Debt Issued	5	5	5	4.92	-	2
Short-Term Debt Repaid	-	-5	-5.1	-	-2	-6.98
Long-Term Debt Repaid	-	-0.89	-1.17	-1.03	-0.36	-0.4
Total Debt Repaid	-5.62	-5.89	-6.27	-1.03	-2.36	-7.38
Net Debt Issued (Repaid)	-0.62	-0.89	-1.27	3.89	-2.36	-5.38
Issuance of Common Stock	-	-	-	-	16.56	-
Other Financing Activities	-	-	-	-	0.03	-
Financing Cash Flow	-0.62	-0.89	-1.27	3.89	14.24	-5.38
Foreign Exchange Rate Adjustments	0.33	-0.97	0.27	0.09	-0.21	-1.05
Net Cash Flow	18.74	10.63	4.36	-5.02	5.61	-7.63
Free Cash Flow	32.93	16.65	5.29	-6.12	5.26	9.06
Free Cash Flow Growth	297.98%	214.72%	-	-	-41.91%	-17.32%
Free Cash Flow Margin	25.57%	17.61%	8.30%	-10.43%	8.33%	16.22%
Free Cash Flow Per Share	0.43	0.22	0.07	-0.08	0.07	0.14
Cash Interest Paid	0.95	0.55	0.43	0.21	1.3	0.29
Cash Income Tax Paid	8.7	1.97	1.4	0.13	1.13	0.47
Levered Free Cash Flow	22.97	10.88	1.98	-4.68	2.89	-5.29
Unlevered Free Cash Flow	23.26	11.22	2.39	-3.28	2.88	-4.43
Change in Working Capital	-4.32	-2.79	-0.03	-7.67	-2.23	-0.68

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