Nouveau Monde Graphite (NMG) Cash Flow: Operating & Free Cash Flow

Nouveau Monde Graphite 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 Nouveau Monde Graphite Inc. (NMG) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Operating Activities
Net Income	-	-73.29	-55.98	-47.71	-39.89	-17.98	-6.83	-8.06
Depreciation & Amortization	7.34	9.09	8.15	4.56	1.10	1.20	0.72	0.49
Deferred Income Tax	-	-	0.00	0.00	-1.02	0.02	0.78	2.82
Stock Based Compensation	4.29	3.93	3.06	8.71	6.68	2.03	0.52	0.84
Change in Working Capital	3.16	-1.51	2.08	-3.07	-3.25	-0.14	-0.46	4.81
Change in Accounts Receivable	-	-	0.76	0.43	-1.38	-0.66	0.31	-0.79
Change in Accounts Payable	-	1.88	0.00	-2.80	3.90	0.00	0.00	0.00
Change in Other Working Capital	1.45	-1.51	1.31	1.65	2.06	0.53	-0.78	5.60
Other Operating Activities	1.45	9.81	3.18	1.65	2.06	-3.19	0.13	0.04
Net Cash from Operating Activities	-42.17	-51.95	-39.52	-44.88	-34.33	-18.05	-5.14	0.95
Investing Activities
Capital Expenditures	-13.68	-14.06	-14.41	-26.68	-36.98	-0.12	-15.42	-17.94
Purchases of Investments	-	-	0.00	-2.50	-0.92	-0.12	0.00	0.00
Other Investing Activities	-	-	4.34	1.18	2.41	-0.42	0.24	-0.61
Net Cash from Investing Activities	-13.68	-14.06	-10.07	-28.00	-34.58	-0.66	-15.19	-18.55
Financing Activities
Debt Repayment	-0.88	-0.74	-0.71	-0.59	-2.41	15.66	0.71	0.00
Common Stock Issued	27.56	136.66	29.57	3.99	114.24	3.49	20.25	10.86
Other Financing Activities	-2.80	-2.72	-2.57	-1.04	-7.12	3.49	-0.35	3.70
Net Cash from Financing Activities	24.01	135.46	26.29	70.29	125.73	19.15	20.61	11.25
Summary
Effect of Forex Changes on Cash	-0.51	0.51	-0.29	0.16	1.01	0.00	0.00	0.00
Net Change in Cash	-32.36	69.96	-23.59	-2.43	56.83	0.44	0.28	-6.35
Cash at Beginning of Period	106.30	36.33	59.92	62.36	4.52	4.08	3.79	10.15
Cash at End of Period	73.94	106.30	36.33	59.92	62.36	4.52	4.08	3.79
Free Cash Flow	-55.85	-66.01	-53.92	-71.56	-71.31	-18.17	-20.56	-16.99
Supplemental Disclosures
Interest Paid	-	0.07	0.07	0.07	0.10	0.12	-	-
Income Taxes Paid	-	-1.11	-	-0.56	-	-	-	-

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

Frequently Asked Questions About Nouveau Monde Graphite Cash Flow

What is Nouveau Monde Graphite's free cash flow?

Nouveau Monde Graphite had negative free cash flow of CAD 55.85M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −CAD 42.17M minus CAD 13.68M of capital expenditures.

How much does Nouveau Monde Graphite spend on capital expenditures?

Nouveau Monde Graphite spent CAD 13.68M on capital expenditures in fiscal 2025, compared with CAD 14.05M a year earlier.

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