Arizona Metals 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	2020 - 2017
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	2020 - 2017
Net Income	-19.1	-24.73	-24.35	-24.51	-19.62	Upgrade
Depreciation & Amortization	0.05	0.06	0.06	0.02	-	Upgrade
Stock-Based Compensation	1.18	1.96	1.55	2.93	0.32	Upgrade
Other Operating Activities	0.37	0.05	-0.4	-	-	Upgrade
Change in Accounts Payable	-0.21	0.23	0.93	-0.46	0.88	Upgrade
Change in Other Net Operating Assets	-0.04	-0.05	-0.22	0.52	-0.52	Upgrade
Operating Cash Flow	-17.75	-22.48	-22.42	-21.51	-18.93	Upgrade
Capital Expenditures	-	-	-0.21	-0.07	-	Upgrade
Investment in Securities	17.44	-4.27	16.08	-45.23	-	Upgrade
Other Investing Activities	-0.01	-0.03	-	-0.06	-0.08	Upgrade
Investing Cash Flow	17.42	-4.29	15.87	-45.36	-0.08	Upgrade
Issuance of Common Stock	0.52	28.35	0.14	18.05	75.09	Upgrade
Other Financing Activities	-	-1.77	-	-	-4.19	Upgrade
Financing Cash Flow	0.52	26.58	0.14	18.05	70.9	Upgrade
Net Cash Flow	0.2	-0.19	-6.41	-48.82	51.89	Upgrade
Free Cash Flow	-17.75	-22.48	-22.63	-21.58	-18.93	Upgrade
Free Cash Flow Per Share	-0.13	-0.19	-0.20	-0.19	-0.22	Upgrade
Levered Free Cash Flow	-11.19	-13.64	-13.49	-12.24	-11.52	Upgrade
Unlevered Free Cash Flow	-11.19	-13.64	-13.49	-12.24	-11.52	Upgrade
Change in Working Capital	-0.25	0.17	0.71	0.05	0.36	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.