Nicola Mining (NICM) Cash Flow: Operating & Free Cash Flow

Nicola Mining 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 Nicola Mining Inc. (NICM) - Annual data in millions CAD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Operating Activities
Net Income	-5.52	-5.52	-5.23	-3.33	-0.05	-3.41
Depreciation & Amortization	0.36	0.36	0.23	0.21	0.18	0.17
Deferred Income Tax	0.00	-	-	-0.07	-0.15	-
Stock Based Compensation	2.46	2.46	0.76	0.68	0.31	0.50
Change in Working Capital	1.15	1.15	0.73	0.64	-0.39	-
Change in Accounts Receivable	-0.18	-0.18	-0.10	0.63	-0.46	-0.63
Change in Accounts Payable	0.00	1.04	0.93	0.12	-0.01	-0.07
Change in Other Working Capital	1.33	-0.14	-0.10	-0.11	1.55	-0.04
Other Operating Activities	-4.02	-0.14	0.20	5.66	1.55	1.26
Net Cash from Operating Activities	-5.57	-5.57	-3.31	3.87	1.73	-2.22
Investing Activities
Capital Expenditures	-0.18	-0.18	-0.45	-0.05	-0.06	-0.52
Purchases of Investments	-0.08	-0.08	-1.00	-	-	-
Sales/Maturities of Investments	0.78	0.78	0.03	-	-	-
Other Investing Activities	0.00	-	-0.16	-0.04	-0.02	0.04
Net Cash from Investing Activities	0.52	0.52	-1.59	-0.09	-0.08	-0.34
Financing Activities
Debt Repayment	0.61	-0.08	-0.03	-1.19	-2.49	-0.04
Common Stock Issued	4.92	3.31	1.81	2.21	0.55	2.73
Other Financing Activities	-0.25	-0.25	-0.18	-0.91	-0.03	-0.01
Net Cash from Financing Activities	5.28	5.28	1.60	0.08	-1.68	2.65
Summary
Net Change in Cash	0.24	0.24	-3.29	3.86	-0.02	0.09
Cash at Beginning of Period	1.46	1.46	4.76	0.90	0.92	-
Cash at End of Period	1.70	1.70	1.46	4.76	0.90	-
Free Cash Flow	-5.75	-5.75	-3.76	3.82	1.67	-2.74

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

Frequently Asked Questions About Nicola Mining Cash Flow

What is Nicola Mining's free cash flow?

Nicola Mining had negative free cash flow of CAD 5.75M in fiscal 2025 (fiscal year ended Mar 31, 2026), operating cash flow of −CAD 5.57M minus CAD 179.49K of capital expenditures.

How much does Nicola Mining spend on capital expenditures?

Nicola Mining spent CAD 179.49K on capital expenditures in fiscal 2025, compared with CAD 452.99K a year earlier.

Does Nicola Mining pay dividends or buy back shares?

Nicola Mining'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