Lundin Mining 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	1,418	267.6	276.85	463.53	879.3
Depreciation & Amortization	618.9	574.2	497.87	554.75	522.76
Stock-Based Compensation	12.4	6.4	7.3	7.8	14.84
Other Adjustments	-352.9	336.7	212.38	47.99	233.46
Changes in Inventories	5.8	-7.2	-71.92	10.26	-68.59
Changes in Unearned Revenue	-72.1	-78.1	-64.7	-73.61	-83.33
Changes in Other Operating Activities	920.7	1,731	986.07	-133.84	-13.5
Operating Cash Flow	1,343	1,519	1,017	876.89	1,485
Operating Cash Flow Growth	-11.61%	49.41%	15.93%	-40.95%	162.41%
Capital Expenditures	-684.6	-786.1	-857.14	-842.9	-532.1
Purchases of Investments	-5	-41.7	-	-	-
Payments for Business Acquisitions	-610.7	-	-648.57	-126.38	-
Proceeds from Business Divestments	2,004	-	5.72	16.83	-
Other Investing Activities	634.4	-1,014	-1,693	-60.91	12.08
Investing Cash Flow	631	-1,007	-1,675	-1,013	-520.01
Long-Term Debt Issued	1,715	1,501	2,491	282.94	33.17
Long-Term Debt Repaid	-3,245	-944.3	-1,449	-160.82	-195.81
Net Long-Term Debt Issued (Repaid)	-1,530	556.3	1,041	122.11	-162.64
Issuance of Common Stock	10.2	21	11.38	26.18	15.28
Repurchase of Common Stock	-153.7	-24.4	-	-59.41	-40.71
Net Common Stock Issued (Repurchased)	-143.5	-3.4	11.38	-33.23	-25.44
Common Dividends Paid	-105.7	-202.5	-206.54	-275.45	-227.39
Other Financing Activities	-2,390	-1,038	594.55	-65.06	-81.17
Financing Cash Flow	-2,089	-344.3	728.59	-251.63	-496.64
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.5	-4.2	6.74	-14.58	-15.68
Net Cash Flow	-114.1	163.5	77.41	-402.68	452.62
Free Cash Flow	658	732.8	159.47	33.99	952.86
Free Cash Flow Growth	-10.21%	359.51%	369.23%	-96.43%	607.64%
FCF Margin	16.23%	22.41%	5.81%	1.12%	28.62%
Free Cash Flow Per Share	0.77	0.94	0.21	0.04	1.29
Levered Free Cash Flow	541.4	1,786	1,773	63.63	442.96
Unlevered Free Cash Flow	2,383	1,782	766.8	-48.01	724.05

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