Botnia Gold AB Cash Flow Statement

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

Millions SEK. 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	48.91	22.34	-7.28	-7.59	-5.57
Depreciation & Amortization	32.9	9.14	-	-	-
Other Operating Activities	13.48	-28.73	0.14	0.18	0.18
Change in Accounts Receivable	4.69	-29.23	-0.13	0.17	2.25
Change in Other Net Operating Assets	6.14	32.19	1.25	3.09	-0.46
Operating Cash Flow	106.11	5.71	-6.01	-4.14	-3.61
Operating Cash Flow Growth	1758.92%	-	-	-	-
Capital Expenditures	-52.7	-45.38	-14.04	-1.89	-
Divestitures	-0.02	-	-	-	-
Sale (Purchase) of Intangibles	-1.27	1.09	-0.21	-2.05	-3.59
Investment in Securities	0.15	-0.67	-4.38	-	-
Investing Cash Flow	-53.85	-44.96	-18.63	-3.94	-3.59
Long-Term Debt Issued	0.13	12.35	2.96	-	-
Long-Term Debt Repaid	-12.25	-4.96	-	-	-
Net Debt Issued (Repaid)	-12.12	7.39	2.96	-	-
Issuance of Common Stock	-	4.93	-	68.68	9.82
Other Financing Activities	-	-	-	-8.68	-0.12
Financing Cash Flow	-12.12	12.32	2.96	60.01	9.7
Net Cash Flow	40.14	-26.94	-21.69	51.92	2.51
Free Cash Flow	53.41	-39.67	-20.05	-6.03	-3.61
Free Cash Flow Margin	21.68%	-69.92%	-9413.61%	-275.40%	-100.59%
Free Cash Flow Per Share	1.29	-0.96	-0.49	-0.21	-0.12
Levered Free Cash Flow	28.71	-41.02	-18.59	-5.42	-5.28
Unlevered Free Cash Flow	29.21	-40.75	-18.43	-5.31	-5.17
Change in Working Capital	10.82	2.96	1.13	3.26	1.79

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