← AGI Inc
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation Expense | — | — | — | — | — | $134.9m | $164.8m | $201.9m | |
| Amortization | $166.6m | $165.0m | $153.8m | $170.9m | $171.5m | $190.2m | $218.4m | $209.7m | |
| Deferred income tax expense | $16.9m | $20.1m | $43.9m | $63.7m | $54.6m | $31.0m | $119.2m | $83.4m | |
| Reversal of impairment (Note 10) | — | — | $0 | $224.3m | $38.2m | $0 | ($57.1m) | ($218.8m) | |
| Share-based compensation (Note 19(d)) | $6.6m | $9.2m | $10.3m | $11.1m | $18.3m | $21.7m | $31.7m | $67.6m | |
| Impairment of El Chanate inventory | $64.0m | $0 | — | — | — | — | — | — | |
| Current Income Tax Expense | $17.3m | $12.7m | $30.1m | $5.3m | $10.7m | $155.6m | $246.7m | $290.2m | |
| Operating Lease Expense | — | — | — | — | — | $22.3m | $33.4m | $32.3m | |
| Loss on disposal of property and equipment and intangible assets | — | — | — | — | — | $3.6m | $1.9m | $2.1m | |
| Interest expense on loans and borrowings | — | — | — | — | — | — | $44.4m | $67.5m | |
| Changes in working capital and taxes paid (Note 23) | $1.2m | ($32.7m) | ($14.5m) | ($54.4m) | ($63.1m) | ($46.2m) | ($65.1m) | ($129.0m) | |
| Profit or Loss | ($72.6m) | $96.1m | $144.2m | ($66.7m) | $37.1m | $426.1m | $794.4m | $1.0b | |
| Expected credit losses | — | — | — | — | — | ($788.1m) | ($1.1b) | ($1.7b) | |
| Provision for contingencies | — | — | — | — | — | $138.4m | $233.7m | $192.4m | |
| (Increase) / decrease in financial assets measured at FVTOCI | — | — | — | — | — | $13.2m | $25.4m | $14.4m | |
| (Increase) / decrease in financial assets measured at FVTPL | — | — | — | — | — | ($963.4m) | $704.5m | ($2.2b) | |
| (Increase) / decrease in financial assets measured at amortized cost | — | — | — | — | — | ($4.8b) | ($7.8b) | ($14.3b) | |
| Increase in customer demand deposits | — | — | — | — | — | $3.9m | $113.5m | $25.6m | |
| (Increase) / decrease in obligations related to credit assignments | — | — | — | — | — | $512.7m | $2.1b | $5.9b | |
| Decrease in provisions for contingencies | — | — | — | — | — | ($70.5m) | ($164.0m) | ($183.9m) | |
| Increase in customer time deposits | — | — | — | — | — | $4.9b | $3.3b | $4.2b | |
| (Increase) / decrease in interbank market funds | — | — | — | — | — | $552.8m | $2.3b | $2.9b | |
| (Increase) / decrease in derivative instruments | — | — | — | — | — | $24.3m | ($410.8m) | $264.1m | |
| Purchase of property and equipment | ($221.5m) | ($263.6m) | ($246.1m) | ($348.6m) | ($313.7m) | ($9.2m) | ($26.9m) | ($52.5m) | |
| Purchase of intangible assets | — | — | — | — | — | ($71.2m) | ($80.9m) | ($109.9m) | |
| Sale of non-controlling interest | — | — | — | — | — | — | $400.0m | — | |
| Increase in borrowings | — | — | — | — | — | — | $437.8m | $353.9m | |
| Payment of borrowings | — | — | — | — | — | ($2k) | ($5k) | ($247.9m) | |
| Payment of principal portion of lease liabilities | — | — | — | — | — | ($69.8m) | ($75.9m) | ($86.1m) | |
| Transaction cost on sale of non-controlling interest | — | — | — | — | — | — | ($9.3m) | — | |
| Foreign exchange loss (gain) | $4.4m | ($300k) | $1.4m | $900k | ($1.7m) | ($1.9m) | ($8.0m) | $5.1m | |
| Finance (income) expense | $3.0m | $2.5m | $4.3m | $4.5m | $5.7m | $2.5m | $3.8m | ($6.4m) | |
| Loss on commodity derivatives | — | — | — | — | — | $900k | $24.2m | $230.5m | |
| Gain on sale of assets (Note 7) | — | — | — | — | — | — | $0 | ($231.0m) | |
| Deferred revenue recognized (Note 14) | — | — | — | — | — | — | $0 | ($124.6m) | |
| Settlement of Argonaut legacy gold hedges (Note 13) | — | — | — | — | — | — | $0 | ($113.5m) | |
| Proceeds from gold sale prepayment (Note 14) | — | — | — | — | — | — | $0 | $50.0m | |
| Other items (Note 23) | $6.5m | ($12.2m) | ($5.1m) | ($3.1m) | ($6.7m) | $11.8m | $11.0m | ($34.0m) | |
| Proceeds from disposition of equity securities | — | $0 | $9.7m | $25.8m | $0 | $100k | $1.0m | $9.8m | |
| Investment in equity securities | — | ($4.0m) | ($3.4m) | ($8.8m) | ($4.0m) | ($2.8m) | ($11.6m) | ($500k) | |
| Proceeds from sale of assets, net of transaction costs (Note 7) | — | — | — | — | — | — | $0 | $160.0m | |
| Transaction costs arising on asset dispositions and acquisitions (Note 5, Note 8) | — | — | — | — | $0 | ($200k) | ($1.0m) | $0 | |
| Proceeds from draw down of credit facility | — | $0 | $100.0m | $0 | — | $0 | $250.0m | $0 | |
| Repayment of debt and accrued interest assumed on Argonaut acquisition (Note 6) | ($4.1m) | ($3.3m) | ($500k) | ($200k) | $0 | $0 | ($308.3m) | ($50.0m) | |
| Repurchase and cancellation of common shares (Note 19) | — | — | — | ($11.7m) | ($8.2m) | $0 | $0 | ($38.8m) | |
| Credit facility transaction, standby fees and interest (Note 15) | $0 | ($1.2m) | ($1.5m) | ($1.1m) | ($800k) | $0 | ($2.7m) | ($2.6m) | |
| Proceeds from issuance of flow-through shares | $0 | $7.5m | $0 | $0 | $10.4m | $0 | $10.5m | $0 | |
| Proceeds from the exercise of options and warrants | $3.9m | $7.0m | $7.5m | $200k | $5.3m | $9.3m | $6.8m | $4.1m | |
| Inventory net realizable value adjustment | — | — | — | $0 | $33.9m | $0 | — | — | |
| Proceeds from sale of Esperanza Project (note 8) | — | — | — | $0 | $5.0m | $0 | — | — | |
| Capital Advances | — | — | $0 | ($9.8m) | $0 | — | — | — | |
| Repurchase of Island Gold royalties (note 8(i)) | $24.9m | $0 | ($54.8m) | ($15.7m) | $0 | — | — | — | |
| Proceeds from share purchase plan | — | $0 | $8.3m | $0 | — | — | — | — | |
| Repayments of current borrowings | — | $0 | $100.0m | $0 | — | — | — | — | |
| Outflows of cash from investing activities | — | ($11.4m) | ($5.5m) | ($11.7m) | — | — | — | — | |
| Other | $0 | ($4.0m) | — | — | — | — | — | — | |
| Credit facility transaction fees | ($800k) | ($1.2m) | — | — | — | — | — | — | |
| Purchase and cancellation of common shares (note 11) | $0 | ($11.4m) | — | — | — | — | — | — | |
| Net Cash from Operating Activities | $213.9m | $260.4m | $368.4m | $356.5m | $298.5m | $49.5m | $158.3m | $82.5m | |
| Net cash flows from (used in) operating activities | $213.9m | $260.4m | $368.4m | $356.5m | $298.5m | ($33.3m) | $487.0m | ($409.6m) | |
| Interest capitalized to mineral property, plant and equipment | — | — | — | — | — | $0 | ($7.7m) | ($17.1m) | |
| Investment in Argonaut, net of cash acquired (Note 6) | — | $0 | $19.5m | $0 | — | — | ($30.2m) | $0 | |
| Proceeds from Consórcio divestiture | — | — | — | — | — | $2.3m | — | — | |
| Net cash used in investing activities | ($196.6m) | ($267.6m) | ($314.1m) | ($357.1m) | ($312.7m) | ($78.0m) | ($107.8m) | ($162.4m) | |
| Increase in debt issued and other borrowed | — | — | — | — | — | $60.2m | $539.4m | $3.5b | |
| Payment of usufruct dividends | ($7.8m) | ($15.6m) | ($23.9m) | ($34.5m) | ($35.1m) | ($35.3m) | ($179.8m) | ($39.5m) | |
| Net cash flows from (used in) financing activities | ($8.8m) | ($17.0m) | ($15.6m) | ($47.3m) | ($28.4m) | ($69.8m) | $572.8m | $19.9m | |
| Effect of exchange rates on cash and cash equivalents | ($3.3m) | $1.0m | ($1.0m) | ($100k) | ($100k) | $100k | ($2.2m) | $800k | |
| Increase (decrease) in cash and cash equivalents | $5.2m | ($23.2m) | $37.7m | ($48.0m) | ($42.7m) | ($181.1m) | $952.0m | ($552.1m) | |
| Cash and cash equivalents at beginning of period | $200.8m | $206.0m | $182.8m | $220.5m | $172.5m | $453.4m | $1.4b | $853.3m | |
| Income tax and social contribution paid | $1.2m | ($32.7m) | ($14.5m) | ($54.4m) | ($63.1m) | ($193.1m) | ($389.9m) | ($480.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.