Alamos Gold (AGI) Cash Flow: Operating & Free Cash Flow

Alamos Gold (AGI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Alamos Gold generated $789.18M of operating cash flow and spent $518.01M on capital expenditures. That left free cash flow of $271.17M, up 15.0% from $235.80M a year earlier, or 14.7% of revenue. It returned $79.67M to shareholders through $40.19M in dividends and $39.48M in share buybacks.

Alamos Gold Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Alamos Gold Inc. (AGI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	885.80	284.30	210.00	37.10	-66.70	144.20	96.10	-72.60	26.60
Depreciation & Amortization	209.70	218.40	190.20	171.50	170.90	153.80	165.00	166.60	125.60
Deferred Income Tax	84.86	217.90	83.70	65.30	69.00	74.00	32.80	34.20	-4.40
Stock Based Compensation	20.50	31.70	5.90	9.80	11.10	10.30	9.20	6.60	7.50
Change in Working Capital	-15.77	17.10	-46.20	-63.10	-27.50	-9.90	-32.40	6.40	-18.30
Change in Accounts Receivable	0.81	2.70	-13.60	-8.80	1.98	3.47	-0.41	-7.90	14.00
Change in Inventory	-25.13	53.30	-26.00	-55.20	-49.70	-13.30	-11.40	13.90	-15.90
Change in Accounts Payable	13.13	-56.03	2.30	-0.10	16.55	4.11	-18.21	7.60	-12.10
Change in Other Working Capital	-4.58	-38.90	-46.20	-63.10	4.70	-4.18	-2.38	-7.20	-4.30
Other Operating Activities	-395.91	-108.30	97.00	134.70	4.70	-4.00	-10.30	72.70	26.50
Net Cash from Operating Activities	789.18	661.10	472.70	298.50	356.50	368.40	260.40	213.90	163.50
Investing Activities
Capital Expenditures	-518.01	-425.30	-348.90	-313.70	-364.30	-300.90	-263.60	-221.50	-169.20
Acquisitions	162.80	-30.20	-0.20	5.00	-15.56	-19.50	0.00	0.00	46.20
Purchases of Investments	-0.51	-11.60	-2.80	-4.00	-8.80	-3.40	0.00	0.00	-6.94
Sales/Maturities of Investments	9.97	0.95	0.10	-1.00	25.80	9.70	0.00	24.90	0.00
Other Investing Activities	0.00	-8.65	-0.20	1.00	5.76	-3.58	-4.00	24.90	3.60
Net Cash from Investing Activities	-345.75	-467.10	-351.80	-312.70	-357.10	-314.10	-267.60	-196.60	-119.40
Financing Activities
Debt Repayment	-50.88	-68.90	0.00	0.00	-0.20	-0.50	-3.30	-4.10	-331.60
Common Stock Issued	4.17	10.50	9.30	15.70	0.20	0.00	7.50	3.70	11.70
Common Stock Repurchased	-39.48	0.00	0.00	-8.20	-11.70	-5.50	-11.40	0.00	0.00
Dividends Paid	-40.19	-35.10	-35.30	-35.10	-34.50	-25.16	-15.96	-7.80	-6.00
Other Financing Activities	-16.79	4.10	-0.17	-0.80	-1.10	14.30	5.80	3.10	228.30
Net Cash from Financing Activities	-143.16	-89.40	-26.00	-28.40	-47.30	-15.60	-17.00	-8.80	-97.60
Summary
Effect of Forex Changes on Cash	-20.98	-2.20	0.10	-0.10	-0.10	-1.00	1.00	-3.30	2.10
Net Change in Cash	279.29	102.40	95.00	-42.70	-47.90	37.70	-23.20	5.20	-51.40
Cash at Beginning of Period	342.68	224.80	129.80	172.50	220.50	182.80	206.00	200.80	252.20
Cash at End of Period	621.97	327.20	224.80	129.80	172.50	220.50	182.80	206.00	200.80
Free Cash Flow	271.17	235.80	123.80	-15.20	-7.80	67.50	-3.20	-7.60	-5.70
Supplemental Disclosures
Interest Paid	-	-	-	0.80	1.10	-	-	-	-
Income Taxes Paid	113.50	82.20	8.30	1.30	26.90	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Alamos Gold Cash Flow

What is Alamos Gold's free cash flow?

Alamos Gold generated free cash flow of $271.17M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $789.18M minus $518.01M of capital expenditures. That was up 15.0% from $235.80M a year earlier. Free cash flow equaled 14.7% of revenue.

How much does Alamos Gold spend on capital expenditures?

Alamos Gold spent $518.01M on capital expenditures in fiscal 2025, compared with $425.30M a year earlier. That equals 65.6% of operating cash flow.

Does Alamos Gold pay dividends or buy back shares?

Yes. In fiscal 2025 Alamos Gold returned $40.19M in dividends and $39.48M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition