Artemis Gold Cash Flow Statement

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

Millions CAD. 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	349.16	-31.44	-11.45	-21.63	-13.71
Depreciation & Amortization	33.08	0.68	0.68	0.41	0.34
Stock-Based Compensation	18.08	8	4.47	5.08	4.58
Other Adjustments	213.8	14.11	-2.54	8.51	2.99
Change in Receivables	-9.64	0.5	-0.38	-0.13	0.19
Changes in Inventories	-128.34	-	-	-	-
Changes in Accounts Payable	75.55	-0.66	0.7	1.7	-0.12
Changes in Income Taxes Payable	9.01	-	-	-	-
Operating Cash Flow	560.71	-8.81	-8.52	-6.05	-5.73
Capital Expenditures	-401.37	-483.97	-396.42	-96.91	-83.64
Proceeds from Sale of Investments	-	-	-	1.38	3.32
Other Investing Activities	-28.41	94.75	-21.95	-1.26	0.67
Investing Cash Flow	-391.95	-453.09	-418.37	-96.79	-79.66
Long-Term Debt Issued	498	315	150	-	-
Long-Term Debt Repaid	-542.3	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-44.3	315	150	-	-
Issuance of Common Stock	32.41	30.16	8.62	171.98	166.84
Net Common Stock Issued (Repurchased)	32.41	30.16	8.62	171.98	166.84
Other Financing Activities	-17.04	-11.57	230.77	-6.4	-1.94
Financing Cash Flow	-28.93	333.59	389.4	165.58	164.9
Net Cash Flow	139.83	-128.31	-37.5	62.73	79.51
Free Cash Flow	159.34	-492.78	-404.94	-102.97	-89.37
FCF Margin	17.43%	-	-	-	-
Levered Free Cash Flow	-107.2	-200.39	-256.49	-116.43	-97.13
Unlevered Free Cash Flow	13.42	-501.28	-409.03	-107.92	-94.14

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