Orla Mining 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	252.13	106.9	88.98	-27.01	45.77	-26.28
Depreciation & Amortization	179.93	149.1	41.59	101.9	15.23	0.15
Other Amortization	0.35	0.21	-	-	-	-
Stock-Based Compensation	10.54	9.48	4.82	3.22	2.45	2.33
Other Operating Activities	41.69	516.72	37.43	-9.21	47.65	5.7
Change in Accounts Receivable	-1.98	-7.57	-0.5	-0.29	-0.05	-0.6
Change in Inventory	-20.2	-1.65	-1.4	-5.64	-9.18	-10.85
Change in Accounts Payable	53.95	37.35	1.59	2.9	1.49	3.34
Change in Other Net Operating Assets	-12.22	-7.25	2.11	-0.57	-8.04	1.47
Operating Cash Flow	504.19	803.27	174.62	65.3	95.31	-24.74
Operating Cash Flow Growth	-8.94%	360.01%	167.43%	-31.49%	-	-
Capital Expenditures	-149.34	-117.48	-29.43	-20.85	-17.98	-96.24
Sale of Property, Plant & Equipment	0.49	0.49	-	-	-	-
Cash Acquisitions	4.37	-794.13	-2.67	-	-1.23	-
Other Investing Activities	-20.05	-8.85	10.16	-20.87	5.85	-17.03
Investing Cash Flow	-164.52	-919.97	-21.94	-41.73	-13.36	-113.27
Long-Term Debt Issued	-	450	-	-	-	50
Long-Term Debt Repaid	-	-67.49	-89.7	-37.53	-16.33	-0.65
Net Debt Issued (Repaid)	-103.46	382.51	-89.7	-37.53	-16.33	49.35
Issuance of Common Stock	44.2	41.49	9.03	26.19	20.02	48.2
Other Financing Activities	-35.97	-47.32	-5.89	-11.8	-9.08	-11.6
Financing Cash Flow	-95.23	376.68	-86.56	-23.13	-5.38	85.95
Foreign Exchange Rate Adjustments	-1.32	-0.06	-1.9	-0.08	-0.81	0.39
Net Cash Flow	243.12	259.93	64.22	0.35	75.76	-51.66
Free Cash Flow	354.85	685.79	145.19	44.44	77.33	-120.98
Free Cash Flow Growth	-31.11%	372.33%	226.70%	-42.53%	-	-
Free Cash Flow Margin	27.38%	64.83%	42.22%	19.02%	40.02%	-2933.63%
Free Cash Flow Per Share	0.96	1.95	0.43	0.14	0.26	-0.50
Cash Interest Paid	24.97	22.55	5.89	11.8	8.82	11.31
Cash Income Tax Paid	189.73	109.18	42.7	56.76	-29.48	-
Levered Free Cash Flow	548.11	667.34	141.32	51.79	82.91	-130.56
Unlevered Free Cash Flow	567.34	684.51	145.01	58.43	88.46	-129.54
Change in Working Capital	19.54	20.88	1.8	-3.6	-15.78	-6.65

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