Torex Gold Resources 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	571.9	403.4	134.6	204.4	188.8	151.7
Depreciation & Amortization	195.5	171	194.3	204	203	199.8
Asset Writedown & Restructuring Costs	-	-	-	-	-	41.2
Stock-Based Compensation	4.1	33	21.8	2	2	-2.9
Other Operating Activities	-49.4	-77.2	108.2	-69.6	-11.5	-24.6
Change in Accounts Receivable	-49.2	-56.5	-4.6	-	-	-
Change in Inventory	-13.6	-25.9	-4.7	-12.5	1.8	-15.7
Change in Accounts Payable	50.1	36.6	-1.3	-3.5	4.3	-2.1
Change in Other Net Operating Assets	-0.7	4.6	1.2	-24	19.7	-17.4
Operating Cash Flow	708.7	489	449.5	300.8	408.1	330
Operating Cash Flow Growth	96.97%	8.79%	49.44%	-26.29%	23.67%	-3.54%
Capital Expenditures	-278.7	-354.3	-561.7	-479.5	-277.6	-230.5
Cash Acquisitions	-20.9	-20.9	-	-	-	-
Investment in Securities	-	-	-	-	-	32.1
Other Investing Activities	12.7	14.7	-1	-18.8	-2.9	-5.3
Investing Cash Flow	-286.9	-360.5	-562.7	-498.3	-280.5	-203.7
Long-Term Debt Issued	-	190	165	-	-	-
Long-Term Debt Repaid	-	-242.1	-108.6	-4.8	-3.9	-42.7
Net Debt Issued (Repaid)	-214.1	-52.1	56.4	-4.8	-3.9	-42.7
Issuance of Common Stock	5.5	1.6	-	-	-	-
Repurchase of Common Stock	-144.7	-33.9	-	-	-	-
Common Dividends Paid	-20.6	-10.2	-	-	-	-
Other Financing Activities	-26.7	-26	-2.8	-3.1	-3.8	-2.2
Financing Cash Flow	-400.6	-120.6	53.6	-7.9	-7.7	-44.9
Foreign Exchange Rate Adjustments	2.3	1.4	-3	2.2	0.4	0.2
Net Cash Flow	23.5	9.3	-62.6	-203.2	120.3	81.6
Free Cash Flow	430	134.7	-112.2	-178.7	130.5	99.5
Free Cash Flow Growth	-	-	-	-	31.16%	-50.18%
Free Cash Flow Margin	25.67%	10.32%	-10.06%	-20.25%	15.03%	11.63%
Free Cash Flow Per Share	4.71	1.51	-1.29	-2.07	1.52	1.16
Cash Interest Paid	-	-	-	-	1.1	1.7
Cash Income Tax Paid	243.9	204.8	89	116.2	107.3	127.9
Levered Free Cash Flow	406.8	128.61	-86.43	-166.98	162.83	112.69
Unlevered Free Cash Flow	422.43	144.18	-85.05	-165.73	164.76	114.19
Change in Working Capital	-13.4	-41.2	-9.4	-40	25.8	-35.2

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