Galiano Gold Inc. cash flow statement GAU

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Galiano Gold Inc. generated $158.0 million of cash from operations, up 183.4% from the year before. It spent $114.9 million on capital expenditures. That left free cash flow of $43.1 million.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017
Operating
Depreciation and amortization	—	—	—	—	—	—	—	42 -34.6%	64
Stock-based compensation	10 +49.9%	7 +11.5%	6 +274.5%	2 -48.2%	3 +46.4%	2 +21.2%	2 +42.2%	1 -11.3%	1
Operating cash flow	158 +183.4%	56 +1634.0%	-4 -303.7%	2 +113.8%	-13 -102.0%	-6 +26.8%	-9 -126.2%	33 -72.9%	123
Investing
Capital expenditures	115 +71.8%	67 +191045.7%	0 +775.0%	0 -87.1%	0 -59.2%	0 +94.9%	0 -99.9%	54 -56.5%	124
Investing cash flow	-137 -2466.1%	6 +102.1%	3 +177.5%	1 -73.6%	4 -89.7%	38 +25.7%	30 -63.3%	82 +166.7%	-123
Financing
Stock buybacks	—	—	—	—	0 -100.0%	2 +139.7%	1	—	—
Financing cash flow	-21 -95.2%	-11 -9713.0%	-0 +16.9%	-0 -129.5%	0 +184.8%	-1 +21.8%	-1 +99.6%	-155 -1438.6%	-10
Change in cash
Effect of exchange rate	2 +613.7%	-0 -1267.6%	0 +138.5%	-0 -128.6%	-0 -216.7%	0 +614.3%	-0 +89.7%	-0 +62.4%	-0
Net change in cash	3 -94.9%	51 +6105.4%	-1 -132.5%	3 +130.0%	-9 -127.8%	31 +49.6%	21 +153.2%	-39 -276.7%	-10
Free cash flow	43 +486.1%	-11 -204.0%	-4 -306.1%	2 +113.7%	-13 -100.1%	-6 +26.3%	-9 +57.1%	-20 -3449.9%	-1
Per share
Free cash flow per share	0.17 +482.2%	-0.04 -167.7%	-0.02 -305.9%	0.01 +113.7%	-0.06 -100.3%	-0.03 +25.9%	-0.04 +58.2%	-0.09 -3196.5%	-0.00
Shareholder returns
Returned to shareholders	—	—	—	—	0	2	1	—	—
Ratios
Free cash flow margin	9.62%	-4.82%	—	—	—	—	-5.43%	-12.65%	-0.23%
Capital expenditures to revenue	25.67%	28.92%	—	—	—	—	0.02%	33.30%	48.33%
Stock-based compensation to revenue	2.30%	2.97%	—	—	—	—	1.10%	0.78%	0.55%
Cash conversion	—	6.53x	-0.14x	0.04x	—	-0.11x	—	—	19.52x

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels) (SIC 1400)
Listed as: GAU (NYSE)
Fiscal year ends: December 31
Incorporated in: British Columbia, Canada
Headquarters: Vancouver
SEC filer status: , Emerging growth company
SEC CIK: 1377757
Former names: Asanko Gold Inc. (until Apr 16, 2020); Keegan Resources Inc. (until Feb 28, 2013)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.