5E ADVANCED MATERIALS, INC.
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Mar 2024 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-12.1M | $-10.9M | $-10.7M | $5.3M | $-14.3M | $-12.9M | $-25.9M | $-10.6M |
| Depreciation & Amortization | $5.3M | $5.4M | $5.3M | $5.0M | $5.0M | $5.0M | $53.0K | $53.0K |
| Depreciation | $5.3M | $5.3M | $5.3M | $5.0M | $5.0M | $5.0M | $48.0K | $48.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | $302.0K | — | — | $1.4M | — | — |
| Net Cash from Operating Activities | $-4.3M | $-5.2M | $-4.3M | $-5.7M | $-5.3M | $-6.4M | $-4.9M | $-7.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.3M | $1.3M | $919.0K | $93.0K | $0 | $11.0K | $37.0K | $0 |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | $-1.4M | — | — | $-400.0K | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | — | $7.4M | — | — | $8.7M | — | — |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-8.6M | $-6.5M | $-5.2M | $-5.8M | $-5.3M | $-6.4M | $-4.9M | $-7.9M |