Borealis Mining Company Limited (TSXV:BOGO)

Borealis Mining Company Cash Flow Statement

Financials in millions USD. Fiscal year is August - July.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jan 31, 2026	Jul 31, 2025	Jul 31, 2024	Jul 31, 2023
Net Income	-13.57	-14.87	-6.12	-24.52
Depreciation & Amortization	0.21	0.28	0.19	0.84
Stock-Based Compensation	0.52	2.12	-	-
Other Operating Activities	8.35	6.89	-	22.53
Change in Accounts Receivable	-0.25	-0.25	-0.13	-
Change in Inventory	-4.46	-0.63	-0.99	-0.47
Change in Accounts Payable	-0.31	0.2	-0.16	0.78
Change in Other Net Operating Assets	-0.39	-0.03	-0.37	-0.17
Operating Cash Flow	-9.9	-6.3	-7.58	-1.01
Capital Expenditures	-0.24	-0.17	-0.23	-0.04
Cash Acquisitions	0.03	0.03	-	-0.14
Other Investing Activities	-0.21	0.27	-2.26	-
Investing Cash Flow	-0.42	0.13	-2.49	-0.19
Issuance of Common Stock	32.01	7.16	12.55	2.79
Other Financing Activities	-1.78	-0.6	-0.74	-0.02
Financing Cash Flow	30.24	6.57	11.81	2.77
Foreign Exchange Rate Adjustments	0.58	0.15	-0.14	-0.03
Net Cash Flow	20.49	0.55	1.6	1.54
Free Cash Flow	-10.14	-6.47	-7.81	-1.05
Free Cash Flow Margin	-212.33%	-170.94%	-784.21%	-
Free Cash Flow Per Share	-0.10	-0.07	-0.14	-0.06
Levered Free Cash Flow	-9.37	-7.57	-10.09	-
Unlevered Free Cash Flow	-8.11	-7.23	-9.98	-
Change in Working Capital	-5.41	-0.71	-1.65	0.13

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.