Lundin Gold Cash Flow Statement

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

Millions USD. 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	911.98	792.15	426.05	179.46	73.56	221.43
Depreciation & Amortization	138.42	135.13	137	136.63	130.68	107.56
Stock-Based Compensation	45.64	48.46	15.73	4.47	5.01	3.04
Other Adjustments	182.8	-104.62	23.89	147.88	681.13	35.06
Change in Receivables	23.14	-9.6	-32.06	9.39	2.63	-14.65
Changes in Inventories	-6.01	-4.28	2.42	0.13	-7.25	-18.89
Changes in Accounts Payable	47.71	54.63	28	2.44	3.44	17.39
Changes in Income Taxes Payable	158.45	107.66	48.36	27.04	-33.4	54.85
Changes in Other Operating Activities	0.25	3.49	13	11.96	13	11.97
Operating Cash Flow	1,199	1,023	662.39	519.4	426.15	417.75
Operating Cash Flow Growth	59.33%	54.45%	27.53%	21.88%	2.01%	267.60%
Capital Expenditures	-83.67	-85.98	-82.4	-48.24	-54.02	-56.99
Other Investing Activities	-11.5	-11.25	-11.11	-5.25	-6.05	-6.12
Investing Cash Flow	-95.17	-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	17.49	18.94	22.14	14.15	11.3	18.58
Net Common Stock Issued (Repurchased)	17.49	18.94	22.14	14.15	11.3	18.58
Common Dividends Paid	-869.16	-663.8	-143.85	-94.91	-47.03	-
Other Financing Activities	-	-	-264.68	-182.6	-68.77	-1.06
Financing Cash Flow	-851.67	-644.86	-487.49	-561.23	-264.1	-171.43
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.01	0.05	-0.22	-0.06	-1.19	-0.2
Net Cash Flow	251.86	280.98	81.18	-95.38	100.79	183.02
Free Cash Flow	1,115	937.05	579.99	471.16	372.13	360.76
Free Cash Flow Growth	18.99%	61.56%	23.10%	26.61%	3.15%	557.39%
FCF Margin	55.92%	52.56%	48.61%	52.21%	45.62%	49.20%
Free Cash Flow Per Share	4.59	3.86	2.40	1.97	1.57	1.54
Levered Free Cash Flow	1,167	1,003	471.32	31.39	-5.72	233.57
Unlevered Free Cash Flow	1,055	850.72	448.42	289.77	137.2	299.86

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.