Denison Mines Cash Flow Statement

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

Millions CAD. 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	-217.29	-91.12	90.38	14.35	18.98
Depreciation & Amortization	17.77	9.93	9.39	8.67	7.39
Loss (Gain) From Sale of Assets	0.02	-0.16	-1.3	0.03	-0.14
Loss (Gain) From Sale of Investments	-15.95	39.63	-134.74	-22.95	-51.89
Loss (Gain) on Equity Investments	2.99	-0.02	4.4	1.26	-0.69
Stock-Based Compensation	4.75	4.66	3.75	3.74	2.83
Other Operating Activities	138.76	-10.97	-4.41	-34.98	2.47
Change in Accounts Receivable	-2.71	-0.82	2.23	-0.51	-0.28
Change in Inventory	-6.6	-0.17	-0.87	0.74	-0.41
Change in Accounts Payable	10.44	9.18	0.76	1.39	0.68
Change in Other Net Operating Assets	-0.31	-0.52	-0.25	0.13	-0.18
Operating Cash Flow	-68.15	-40.38	-30.67	-28.14	-21.25
Capital Expenditures	-50.5	-7.69	-3.23	-6.87	-1.23
Sale of Property, Plant & Equipment	0.06	0.24	0.13	0.01	0.14
Investment in Securities	49.95	8.27	2.52	-0.8	-77.43
Other Investing Activities	-49.03	-0.39	-0.13	0.9	-20.48
Investing Cash Flow	-49.52	0.43	-0.72	-6.76	-99
Long-Term Debt Issued	476.31	-	-	0.16	0.03
Long-Term Debt Repaid	-0.52	-0.3	-0.22	-0.21	-0.25
Net Debt Issued (Repaid)	475.79	-0.3	-0.22	-0.05	-0.22
Issuance of Common Stock	15.81	15.46	111.4	21.01	168.62
Other Financing Activities	-17.31	-	-	-	-8.58
Financing Cash Flow	474.28	15.15	111.18	20.96	159.82
Foreign Exchange Rate Adjustments	0.78	2.27	0.35	0.86	-0.56
Net Cash Flow	357.4	-22.54	80.14	-13.08	39.01
Free Cash Flow	-118.64	-48.07	-33.9	-35.01	-22.48
Free Cash Flow Margin	-2412.44%	-1194.98%	-1827.55%	-390.20%	-112.38%
Free Cash Flow Per Share	-0.13	-0.05	-0.04	-0.04	-0.03
Cash Interest Paid	-	-	-	0.01	0
Levered Free Cash Flow	-78.1	-15.99	-17.69	-17.68	-2.1
Unlevered Free Cash Flow	-73.33	-15.99	-17.69	-17.66	-2.07
Change in Working Capital	0.81	7.67	1.87	1.74	-0.2

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