Lundin 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	792.15	426.05	179.46	73.56	221.43
Depreciation & Amortization	135.13	137	136.63	130.68	107.56
Other Amortization	-	-	11	7.78	4.41
Stock-Based Compensation	48.46	15.73	4.47	5.01	3.04
Other Operating Activities	-104.62	23.89	136.88	230.71	30.66
Change in Accounts Receivable	-9.6	-32.06	9.39	2.63	-14.65
Change in Inventory	-4.28	2.42	0.13	-7.25	-18.89
Change in Accounts Payable	54.63	28	2.44	3.44	17.39
Change in Income Taxes	107.66	48.36	27.04	-33.4	54.85
Change in Other Net Operating Assets	3.49	13	11.96	13	11.97
Operating Cash Flow	1,023	662.39	519.4	426.15	417.75
Operating Cash Flow Growth	54.45%	27.53%	21.88%	2.01%	267.60%
Capital Expenditures	-85.98	-82.4	-48.24	-54.02	-56.99
Other Investing Activities	-11.25	-11.11	-5.25	-6.05	-6.12
Investing Cash Flow	-97.23	-93.5	-53.48	-60.07	-63.11
Long-Term Debt Repaid	-	-101.11	-278.03	-131.72	-103.73
Total Debt Repaid	-	-101.11	-278.03	-131.72	-103.73
Net Debt Issued (Repaid)	-	-101.11	-278.03	-131.72	-103.73
Issuance of Common Stock	18.94	22.14	14.15	11.3	18.58
Common Dividends Paid	-663.8	-143.85	-94.91	-47.03	-
Other Financing Activities	-	-264.68	-202.44	-96.64	-86.27
Financing Cash Flow	-644.86	-487.49	-561.23	-264.1	-171.43
Foreign Exchange Rate Adjustments	0.05	-0.22	-0.06	-1.19	-0.2
Net Cash Flow	280.98	81.18	-95.38	100.79	183.02
Free Cash Flow	937.05	579.99	471.16	372.13	360.76
Free Cash Flow Growth	61.56%	23.10%	26.61%	3.15%	557.39%
Free Cash Flow Margin	52.56%	48.61%	52.20%	45.62%	49.20%
Free Cash Flow Per Share	3.86	2.40	1.97	1.57	1.54
Cash Interest Paid	-	3.69	19.84	27.88	85.21
Cash Income Tax Paid	312.64	136.91	53.03	54.38	-
Levered Free Cash Flow	931.88	330.06	364.14	241.2	247.38
Unlevered Free Cash Flow	931.88	496.65	371.11	257.01	267.1
Change in Working Capital	151.91	59.71	50.96	-21.59	50.67

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