Denison Mines Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-288.63	-217.29	-91.12	90.38	14.35	18.98
Depreciation & Amortization	20.98	17.77	9.93	9.39	8.67	7.39
Loss (Gain) From Sale of Assets	0.02	0.02	-0.16	-1.3	0.03	-0.14
Loss (Gain) From Sale of Investments	-54.17	-15.95	39.63	-134.74	-22.95	-51.89
Loss (Gain) on Equity Investments	3.12	2.99	-0.02	4.4	1.26	-0.69
Stock-Based Compensation	6.84	4.75	4.66	3.75	3.74	2.83
Other Operating Activities	239.37	138.76	-10.97	-4.41	-34.98	2.47
Change in Accounts Receivable	-3.16	-2.71	-0.82	2.23	-0.51	-0.28
Change in Inventory	-5.4	-6.6	-0.17	-0.87	0.74	-0.41
Change in Accounts Payable	-4.96	10.44	9.18	0.76	1.39	0.68
Change in Other Net Operating Assets	-0.79	-0.31	-0.52	-0.25	0.13	-0.18
Operating Cash Flow	-86.78	-68.15	-40.38	-30.67	-28.14	-21.25
Capital Expenditures	-58.6	-50.5	-7.69	-3.23	-6.87	-1.23
Sale of Property, Plant & Equipment	0.06	0.06	0.24	0.13	0.01	0.14
Investment in Securities	49.73	49.95	8.27	2.52	-0.8	-77.43
Other Investing Activities	-48.59	-49.03	-0.39	-0.13	0.9	-20.48
Investing Cash Flow	-57.4	-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)	475.78	475.79	-0.3	-0.22	-0.05	-0.22
Issuance of Common Stock	18.85	15.81	15.46	111.4	21.01	168.62
Other Financing Activities	-17.09	-17.31	-	-	-	-8.58
Financing Cash Flow	477.55	474.28	15.15	111.18	20.96	159.82
Foreign Exchange Rate Adjustments	1.55	0.78	2.27	0.35	0.86	-0.56
Net Cash Flow	334.92	357.4	-22.54	80.14	-13.08	39.01
Free Cash Flow	-145.37	-118.64	-48.07	-33.9	-35.01	-22.48
Free Cash Flow Margin	-3127.00%	-2412.44%	-1194.98%	-1827.55%	-390.20%	-112.38%
Free Cash Flow Per Share	-0.16	-0.13	-0.05	-0.04	-0.04	-0.03
Cash Interest Paid	-	-	-	-	0.01	0
Levered Free Cash Flow	-95.89	-78.1	-15.99	-17.69	-17.68	-2.1
Unlevered Free Cash Flow	-84.96	-73.33	-15.99	-17.69	-17.66	-2.07
Change in Working Capital	-14.3	0.81	7.67	1.87	1.74	-0.2

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