NGEx Minerals 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 - 2016
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 - 2016
Net Income	-123.34	-63.6	-37.72	-32.42	-5.46	Upgrade
Depreciation & Amortization	0.07	0.06	0.02	0.01	0.01	Upgrade
Loss (Gain) From Sale of Assets	-0.59	-	-	-	-	Upgrade
Stock-Based Compensation	24.45	8.35	4.67	2.93	0.57	Upgrade
Other Operating Activities	0.41	3.02	0.82	0.45	0.24	Upgrade
Change in Accounts Receivable	0.7	-0.58	2.11	-3.16	-0.89	Upgrade
Change in Accounts Payable	4.8	6.58	3.02	5.03	1.49	Upgrade
Operating Cash Flow	-93.49	-46.17	-27.09	-27.16	-4.03	Upgrade
Capital Expenditures	-	-2.5	-0.32	-0.13	-0.13	Upgrade
Sale (Purchase) of Intangibles	0.59	-	-	-	-	Upgrade
Investment in Securities	-35.9	-29.38	-15	-	-	Upgrade
Other Investing Activities	-	-0.42	-	-	-	Upgrade
Investing Cash Flow	-35.31	-32.29	-15.32	-0.13	-0.13	Upgrade
Short-Term Debt Issued	-	-	-	1.78	3.2	Upgrade
Total Debt Issued	-	-	-	1.78	3.2	Upgrade
Short-Term Debt Repaid	-	-	-	-1.77	-3.17	Upgrade
Total Debt Repaid	-	-	-	-1.77	-3.17	Upgrade
Net Debt Issued (Repaid)	-	-	-	0.01	0.03	Upgrade
Issuance of Common Stock	177.92	179.64	87.19	30.5	25.06	Upgrade
Other Financing Activities	-4.78	-6.01	-2.48	-0.67	-0.73	Upgrade
Financing Cash Flow	173.14	173.63	84.71	29.83	24.36	Upgrade
Foreign Exchange Rate Adjustments	-5.17	-1.31	-6.04	-0.3	-0.1	Upgrade
Net Cash Flow	39.17	93.87	36.25	2.25	20.1	Upgrade
Free Cash Flow	-93.49	-48.66	-27.41	-27.28	-4.15	Upgrade
Free Cash Flow Per Share	-0.46	-0.25	-0.15	-0.17	-0.03	Upgrade
Levered Free Cash Flow	-54.24	-37.78	-24.28	-16.65	-3.69	Upgrade
Unlevered Free Cash Flow	-54.19	-37.74	-24.23	-16.62	-3.61	Upgrade
Change in Working Capital	5.5	6	5.13	1.87	0.6	Upgrade

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