Steppe Gold Ltd. (TSX:STGO)

Steppe Gold Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	36.16	32.73	61.35	56.34	35.84	4.74
Depreciation & Amortization	17.36	17.07	17.2	18.23	13.85	10.4
Other Amortization	0.02	-	-	-	0.31	0.13
Loss (Gain) From Sale of Assets	0.17	0.08	-	0.18	0.01	0.94
Asset Writedown & Restructuring Costs	10.64	10.64	-	-	-	-
Loss (Gain) From Sale of Investments	-0.04	0.08	-2	-	1.62	0.53
Provision & Write-off of Bad Debts	0.04	-0.59	0.07	0.53	3.85	28.56
Other Operating Activities	45.29	15.05	-28.95	3.75	-7.9	8.7
Change in Accounts Receivable	-2.59	-0.83	18.78	0.13	-1.44	-12.38
Change in Inventory	-11.94	-3.6	3.14	-4.36	-4.88	-2.7
Change in Accounts Payable	61.63	43.69	-2.89	-2.76	1.48	-3.69
Change in Other Net Operating Assets	-	-	-	-	0.18	-1.78
Operating Cash Flow	156.74	114.33	66.7	72.03	42.91	33.45
Operating Cash Flow Growth	647.40%	71.42%	-7.41%	67.85%	28.28%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-48.77	-29.74	-14.17	-10.3	-7.56	-7.44
Sale of Property, Plant & Equipment	-	-	-	0.28	-	-
Cash Acquisitions	-	-	2.1	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.03	-0.58
Investment in Securities	4.23	4.23	-	-3.09	-13.36	-12.58
Investing Cash Flow	-66.7	-25.51	-12.06	-13.11	-20.94	-20.6

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	68.92	-	8.68	32.81
Short-Term Debt Repaid	-	-2.91	-	-	-	-
Long-Term Debt Repaid	-	-62.46	-30.62	-34.15	-17.87	-35.43
Total Debt Repaid	-75.02	-65.36	-30.62	-34.15	-17.87	-35.43
Net Debt Issued (Repaid)	-75.02	-65.36	38.3	-34.15	-9.2	-2.62
Common Dividends Paid	-1.9	-1.9	-60.5	-	-	-
Other Financing Activities	-0.29	-0.4	-0.21	-11.87	-12.2	-11.5
Financing Cash Flow	-77.2	-67.66	-22.4	-46.01	-21.4	-14.11

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.03	-	-	-	-0.38	-
Net Cash Flow	12.81	21.16	32.23	12.91	0.2	-1.26

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	107.98	84.59	52.53	61.73	35.36	26.01
Free Cash Flow Growth	1030.89%	61.03%	-14.91%	74.59%	35.93%	-
Free Cash Flow Margin	35.47%	33.28%	29.49%	46.75%	33.52%	22.37%
Free Cash Flow Per Share	0.42	0.33	0.28	0.43	11.79	8.67
Levered Free Cash Flow	85.95	84.36	-2.88	71.9	20.69	-
Unlevered Free Cash Flow	93.59	93.8	4.76	78.85	28.48	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	17.26	21.03	15.31	11.87	12.2	10.04
Cash Income Tax Paid	44.91	42.03	16.42	9.95	10.78	7
Change in Working Capital	47.11	39.26	19.03	-7	-4.66	-20.55

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 1, 2026

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