Triple Flag Precious Metals (TFPM) Cash Flow: Operating & Free Cash Flow

Triple Flag Precious Metals (TFPM) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Triple Flag Precious Metals generated $312.83M of operating cash flow and spent $218.62M on capital expenditures. That left free cash flow of $94.21M, down 39.6% from $156.01M a year earlier, or 23.8% of revenue. It returned $54.86M to shareholders through $45.84M in dividends and $9.01M in share buybacks.

Triple Flag Precious Metals 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 Triple Flag Precious Metals Corp. (TFPM) - 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	240.01	-23.08	36.28	123.81	45.53	55.57	-41.39	-1.40	-29.00
Depreciation & Amortization	0.32	75.90	0.37	0.37	0.40	53.63	0.36	0.03	60.44
Deferred Income Tax	29.35	10.31	0.11	4.79	6.44	0.00	3.85	3.41	0.00
Stock Based Compensation	0.29	0.42	3.41	3.30	1.31	0.00	0.00	0.00	0.00
Change in Working Capital	9.40	-0.23	-4.53	-0.40	0.78	-4.95	-0.08	-4.37	-8.34
Change in Accounts Receivable	-5.24	-2.74	-4.17	-4.83	2.38	-0.97	1.89	0.00	-7.47
Change in Inventory	-0.57	-1.13	-0.36	0.29	-0.29	0.23	2.77	-2.13	-0.88
Change in Accounts Payable	15.21	3.64	0.00	3.01	1.38	0.97	-1.89	0.00	0.00
Change in Other Working Capital	23.02	-0.23	2.80	4.60	6.41	-5.18	-2.86	-2.24	0.00
Other Operating Activities	23.02	167.48	118.51	4.60	6.41	-19.86	76.99	2.48	4.04
Net Cash from Operating Activities	312.83	213.50	154.14	118.38	120.02	84.38	39.72	27.92	27.13
Investing Activities
Capital Expenditures	-218.62	-57.49	-190.90	-52.28	-51.26	-729.68	-172.49	-260.71	-204.85
Acquisitions	2.04	0.00	0.00	0.00	-2.80	0.00	0.00	0.00	0.00
Purchases of Investments	-7.67	-27.92	-2.74	-7.39	-0.32	0.00	-2.20	-20.03	0.00
Sales/Maturities of Investments	2.02	3.08	0.00	6.26	3.44	0.00	0.00	0.00	0.00
Other Investing Activities	4.38	-14.27	-19.34	4.50	3.12	78.03	40.80	118.27	-11.93
Net Cash from Investing Activities	-217.97	-81.96	-212.98	-48.92	-48.15	-651.65	-133.89	-162.47	-216.78
Financing Activities
Debt Repayment	-113.46	-120.00	56.56	-0.36	-319.34	217.78	-62.17	119.00	0.00
Common Stock Issued	0.15	1.76	0.00	0.00	245.12	370.00	167.82	33.75	0.00
Common Stock Repurchased	-9.01	-8.92	-20.71	-4.13	-1.68	0.00	0.00	-162.83	0.00
Dividends Paid	-45.85	-43.28	-41.31	-30.41	-14.84	0.00	0.00	0.00	0.00
Other Financing Activities	-1.63	-4.73	10.58	-1.84	-18.65	-10.65	-10.07	150.81	192.25
Net Cash from Financing Activities	-59.86	-112.60	5.12	-38.75	-51.84	577.13	95.58	140.73	192.25
Summary
Effect of Forex Changes on Cash	0.04	-0.08	0.00	-0.28	-29.10	0.02	0.03	-0.03	0.00
Net Change in Cash	35.04	18.87	-53.72	30.43	20.04	9.87	1.44	6.16	2.60
Cash at Beginning of Period	36.25	17.38	71.10	40.67	20.64	10.77	9.33	3.18	0.57
Cash at End of Period	71.28	36.25	17.38	71.10	40.67	20.64	10.77	9.33	3.18
Free Cash Flow	94.21	156.01	-36.76	66.10	68.75	-645.31	-132.77	-232.79	-177.71
Supplemental Disclosures
Interest Paid	3.06	4.73	6.25	2.01	5.09	-	-	-	-
Income Taxes Paid	11.58	6.99	6.08	5.03	5.30	-	-	-	-

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

Frequently Asked Questions About Triple Flag Precious Metals Cash Flow

What is Triple Flag Precious Metals's free cash flow?

Triple Flag Precious Metals generated free cash flow of $94.21M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $312.83M minus $218.62M of capital expenditures. That was down 39.6% from $156.01M a year earlier. Free cash flow equaled 23.8% of revenue.

How much does Triple Flag Precious Metals spend on capital expenditures?

Triple Flag Precious Metals spent $218.62M on capital expenditures in fiscal 2025, compared with $57.49M a year earlier. That equals 69.9% of operating cash flow.

Does Triple Flag Precious Metals pay dividends or buy back shares?

Yes. In fiscal 2025 Triple Flag Precious Metals returned $45.84M in dividends and $9.01M 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