FPX Nickel 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	-5.06	-2.71	-4.34	-3.64	-3.84	Upgrade
Depreciation & Amortization	0.26	0.25	0.14	0.09	0.05	Upgrade
Loss (Gain) From Sale of Assets	-	-	-0	-	-	Upgrade
Stock-Based Compensation	1.45	0.64	2.17	1.37	2.28	Upgrade
Other Operating Activities	-0.1	-0.06	-0.09	-0.08	-0.01	Upgrade
Change in Accounts Receivable	0.07	-0.08	0.08	-0.91	-0.19	Upgrade
Change in Accounts Payable	-0.26	0.26	-0.09	0.19	0.05	Upgrade
Change in Other Net Operating Assets	0.09	-0.17	0.15	-0.24	-0.01	Upgrade
Operating Cash Flow	-3.55	-1.88	-1.97	-3.22	-1.66	Upgrade
Capital Expenditures	-14.13	-11.23	-6.36	-7.32	-4.77	Upgrade
Other Investing Activities	0.02	-0	-0.03	-0.02	-0	Upgrade
Investing Cash Flow	-14.11	-11.23	-6.39	-7.34	-4.77	Upgrade
Long-Term Debt Issued	-	-	-	-	0.02	Upgrade
Long-Term Debt Repaid	-0.25	-0.23	-0.12	-0.08	-0.09	Upgrade
Net Debt Issued (Repaid)	-0.25	-0.23	-0.12	-0.08	-0.07	Upgrade
Issuance of Common Stock	-	19	18.4	12.51	16.48	Upgrade
Repurchase of Common Stock	-0.17	-0.05	-	-	-	Upgrade
Other Financing Activities	0.25	-0.46	0.99	1.62	-1.28	Upgrade
Financing Cash Flow	-0.18	18.26	19.27	14.04	15.13	Upgrade
Net Cash Flow	-17.83	5.15	10.9	3.48	8.7	Upgrade
Free Cash Flow	-17.68	-13.12	-8.33	-10.54	-6.43	Upgrade
Free Cash Flow Per Share	-0.06	-0.04	-0.03	-0.05	-0.03	Upgrade
Levered Free Cash Flow	-21.42	-13.84	-5.6	-9.32	-5.9	Upgrade
Unlevered Free Cash Flow	-21.4	-13.82	-5.58	-9.31	-5.88	Upgrade
Change in Working Capital	-0.09	0	0.15	-0.96	-0.15	Upgrade

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