Gold X2 Mining 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	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-26.35	-5.98	-4.4	-13.48	-1.8
Depreciation & Amortization	0.18	0.07	0.09	0.07	0
Stock-Based Compensation	3.23	2	1.33	2.84	-
Other Operating Activities	-9.06	1.62	0.29	7.66	0
Change in Accounts Payable	3.09	0.15	-0.25	0.39	0.41
Change in Other Net Operating Assets	-0.22	-0.38	1.03	-1.24	-0.08
Operating Cash Flow	-29.13	-2.52	-1.92	-3.75	-1.46
Capital Expenditures	-10.62	-5.63	-6.7	-19.4	-2.4
Cash Acquisitions	-	-	-	10.32	-
Investment in Securities	-	-	-	-	-0.02
Other Investing Activities	-0.36	-	-	-	-0.04
Investing Cash Flow	-10.98	-5.63	-6.7	-9.08	-2.45
Long-Term Debt Repaid	-0.1	-0.07	-	-0.08	-
Total Debt Repaid	-0.1	-0.07	-0.09	-0.08	-0
Net Debt Issued (Repaid)	-0.1	-0.07	-0.09	-0.08	-0
Issuance of Common Stock	37.63	19.82	10.65	10	45.6
Other Financing Activities	-0.19	-1.49	-0.67	-1.57	-1.88
Financing Cash Flow	37.34	18.26	9.89	8.35	43.72
Net Cash Flow	-2.78	10.11	1.27	-4.48	39.81
Free Cash Flow	-39.76	-8.15	-8.62	-23.15	-3.86
Free Cash Flow Per Share	-0.10	-0.03	-0.04	-0.26	-0.29
Cash Income Tax Paid	-	0.05	0.04	-	-
Levered Free Cash Flow	-28.24	-2.02	-	-17.04	-
Unlevered Free Cash Flow	-28.19	-2.01	-	-17.03	-
Change in Working Capital	2.88	-0.23	0.77	-0.85	0.33

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