Cerrado Gold Cash Flow Statement

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

Millions USD. 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	-20.4	25.4	-6.75	-5.91	-6.3
Depreciation & Amortization	25.64	20.47	9.41	8.48	5.77
Other Amortization	-	0.23	-0.48	-	-
Loss (Gain) From Sale of Assets	0.93	-	-	-	-
Loss (Gain) From Sale of Investments	-1.03	0.93	-0.35	-0.33	-0.34
Stock-Based Compensation	2.45	1.64	2.78	2.82	3.34
Other Operating Activities	26.72	12.62	9.11	9.63	6.67
Change in Accounts Receivable	-55.46	-18.21	-6.73	-22.36	-18.89
Change in Inventory	0.35	-3.02	2.14	0.38	-2.05
Change in Accounts Payable	61.19	-4.17	25.66	22.49	18.53
Change in Income Taxes	13.37	-	-	-	-
Change in Other Net Operating Assets	2.41	-0.29	-	-	-
Operating Cash Flow	56.18	10.72	34.8	15.2	6.72
Operating Cash Flow Growth	423.98%	-69.19%	128.97%	126.06%	-58.49%
Capital Expenditures	-34.98	-10.29	-55.15	-26.19	-14.31
Cash Acquisitions	-6.16	-13.75	-4.37	-10	0.62
Divestitures	-	-5.23	3.89	-	-
Investment in Securities	-1.31	0.04	-1.54	-1.45	0.02
Other Investing Activities	8.14	51.81	-2.27	1.52	-7.5
Investing Cash Flow	-34.31	22.58	-59.44	-36.11	-21.16
Short-Term Debt Issued	23	35	25.43	15	15
Long-Term Debt Issued	2.79	23.56	16.85	31.45	-
Total Debt Issued	25.79	58.56	42.28	46.45	15
Short-Term Debt Repaid	-26.8	-36.04	-22.84	-16.04	-15.71
Long-Term Debt Repaid	-18.09	-26.42	-3.17	-0.44	-0.67
Total Debt Repaid	-44.89	-62.46	-26	-16.48	-16.39
Net Debt Issued (Repaid)	-19.11	-3.91	16.28	29.97	-1.39
Issuance of Common Stock	0.35	-	0.02	0.24	11.44
Repurchase of Common Stock	-	-0.09	-	-	-
Other Financing Activities	-5.82	-3.67	3.1	-4.92	-0.46
Financing Cash Flow	-24.58	-7.67	19.39	25.29	9.6
Foreign Exchange Rate Adjustments	-0.44	-0.02	-0.26	-0.18	-0.08
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	-3.15	25.62	-5.51	4.2	-4.91
Free Cash Flow	21.2	0.43	-20.35	-10.99	-7.58
Free Cash Flow Growth	4808.10%	-	-	-	-
Free Cash Flow Margin	14.41%	0.37%	-20.33%	-12.16%	-10.82%
Free Cash Flow Per Share	0.17	0.00	-0.23	-0.14	-0.11
Cash Interest Paid	-	3.25	4.69	4.08	0.35
Levered Free Cash Flow	27.5	-9.68	-25.55	-11.11	3.65
Unlevered Free Cash Flow	31.48	-6.9	-22.65	-9.04	4.18
Change in Working Capital	21.86	-25.69	21.07	0.5	-2.42

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.