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
Stock-Based Compensation	48.46	15.73	4.47	5.01	3.04
Other Adjustments	-104.62	23.89	147.88	681.13	35.06
Change in Receivables	-9.6	-32.06	9.39	2.63	-14.65
Changes in Inventories	-4.28	2.42	0.13	-7.25	-18.89
Changes in Accounts Payable	54.63	28	2.44	3.44	17.39
Changes in Income Taxes Payable	107.66	48.36	27.04	-33.4	54.85
Changes in Other Operating Activities	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
Net Long-Term 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
Net Common Stock Issued (Repurchased)	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	-182.6	-68.77	-1.06
Financing Cash Flow	-644.86	-487.49	-561.23	-264.1	-171.43
Effect of Exchange Rate Changes on Cash and Cash Equivalents	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%
FCF Margin	52.56%	48.61%	52.21%	45.62%	49.20%
Free Cash Flow Per Share	3.86	2.40	1.97	1.57	1.54
Levered Free Cash Flow	1,003	471.32	31.39	-5.72	233.57
Unlevered Free Cash Flow	850.72	448.42	289.77	137.2	299.86

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.