New Found Gold (NFGC) Cash Flow: Operating & Free Cash Flow

New Found Gold Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for New Found Gold Corp. (NFGC) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-47.57	-50.27	-79.89	-89.99	-50.64	-32.53	-32.53	-4.02	-1.34
Depreciation & Amortization	0.83	0.81	0.94	0.88	0.58	0.13	0.30	0.01	0.00
Deferred Income Tax	-0.39	0.00	0.00	0.00	0.71	-3.99	-	0.00	0.00
Stock Based Compensation	6.28	0.89	1.41	8.49	7.61	26.46	26.46	2.13	0.00
Change in Working Capital	0.99	1.29	-0.60	3.79	-0.17	-1.51	-1.51	-0.87	0.63
Change in Accounts Receivable	-0.47	1.09	-0.23	-1.34	0.00	0.04	0.04	0.12	0.00
Change in Inventory	1.26	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Change in Accounts Payable	1.53	0.16	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	-1.33	-10.95	-22.91	5.13	-0.17	-1.55	-1.56	-0.98	0.63
Other Operating Activities	-15.68	-10.95	-22.91	2.45	-6.61	-1.77	-1.77	0.09	-1.18
Net Cash from Operating Activities	-55.15	-55.68	-99.27	-74.38	-48.51	-13.22	-13.22	-2.65	-1.90
Investing Activities
Capital Expenditures	-3.26	-4.48	-1.71	-5.56	-5.42	-1.55	-1.45	-0.31	-0.31
Acquisitions	9.03	0.00	0.00	0.01	0.00	0.00	-	0.00	0.00
Purchases of Investments	0.00	1.10	-2.64	-0.01	-12.85	0.00	-	0.00	0.00
Sales/Maturities of Investments	3.53	1.10	0.00	4.83	1.31	0.00	-	0.28	0.55
Other Investing Activities	-0.04	0.20	-0.01	0.00	-0.11	-0.04	-0.04	0.00	0.98
Net Cash from Investing Activities	9.26	-3.19	-4.44	-0.74	-17.07	-1.59	-1.59	-0.03	1.22
Financing Activities
Debt Repayment	-0.02	-0.13	-0.14	-0.12	-0.10	-0.03	-0.03	0.00	0.00
Common Stock Issued	86.54	27.52	78.99	52.55	120.50	38.51	58.27	9.25	0.00
Other Financing Activities	-4.06	-0.92	-3.52	4.37	-2.06	16.72	-3.07	0.44	0.00
Net Cash from Financing Activities	82.43	27.30	75.43	56.80	118.34	55.20	55.20	9.69	0.00
Summary
Effect of Forex Changes on Cash	-0.02	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Net Change in Cash	36.52	-31.57	-28.28	-18.32	52.75	40.39	40.39	7.01	-0.68
Cash at Beginning of Period	22.32	53.88	82.17	100.48	47.73	7.34	-	0.32	1.01
Cash at End of Period	58.84	22.32	53.88	82.17	100.48	47.73	-	7.34	0.32
Free Cash Flow	-58.41	-60.17	-100.99	-79.94	-53.94	-14.76	-14.66	-2.96	-2.21
Supplemental Disclosures
Interest Paid	-	0.03	0.03	-	-	-	0.00	-	-

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

Frequently Asked Questions About New Found Gold Cash Flow

What is New Found Gold's free cash flow?

New Found Gold had negative free cash flow of CAD 58.41M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −CAD 55.15M minus CAD 3.26M of capital expenditures.

How much does New Found Gold spend on capital expenditures?

New Found Gold spent CAD 3.26M on capital expenditures in fiscal 2025, compared with CAD 4.48M a year earlier.

Does New Found Gold pay dividends or buy back shares?

New Found Gold's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

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