Group Eleven Resources 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	-5.57	-3.38	-2.49	-2.4	-1.99	Upgrade
Depreciation & Amortization	0.01	0.01	0	0.01	0.01	Upgrade
Stock-Based Compensation	0.5	0.18	0.1	0.08	0.04	Upgrade
Other Operating Activities	-0.01	-0.03	0.06	-0.06	-0.08	Upgrade
Change in Accounts Receivable	-0.18	-0.03	0.02	-0.04	0.06	Upgrade
Change in Accounts Payable	0.32	0.09	0.17	-0.03	-0.12	Upgrade
Change in Other Net Operating Assets	-0.03	-0.01	0	0.03	-0	Upgrade
Operating Cash Flow	-4.95	-3.17	-2.13	-2.42	-2.09	Upgrade
Capital Expenditures	-0.05	-0.01	-0.02	-0	-	Upgrade
Investing Cash Flow	-0.05	-0.01	-0.02	-0	-	Upgrade
Long-Term Debt Repaid	-	-	-0.03	-	-	Upgrade
Net Debt Issued (Repaid)	-	-	-0.03	-	-	Upgrade
Issuance of Common Stock	12.08	1.56	4.5	2.5	0.75	Upgrade
Other Financing Activities	-0.7	-0.04	-0.09	0.1	-	Upgrade
Financing Cash Flow	11.38	1.52	4.38	2.6	0.75	Upgrade
Net Cash Flow	6.38	-1.66	2.24	0.18	-1.34	Upgrade
Free Cash Flow	-5.01	-3.17	-2.15	-2.43	-2.09	Upgrade
Free Cash Flow Per Share	-0.02	-0.02	-0.01	-0.02	-0.01	Upgrade
Levered Free Cash Flow	-2.94	-2.22	-1.33	-1.36	-1.28	Upgrade
Unlevered Free Cash Flow	-2.94	-2.22	-1.33	-1.36	-1.28	Upgrade
Change in Working Capital	0.11	0.05	0.19	-0.04	-0.07	Upgrade

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