Cash flow Rio2 Limited

Stocks

RIO

CA7672171021

Diversified Mining

Market Closed - Toronto S.E. Other stock markets 01:30:00 20/06/2026 am IST			5-day change	1st Jan Change
2.670 ^CAD	-0.74%		-2.55%	-21.47%

29/05	National Bank of Canada Initiates Coverage on Rio2 With a Focus on Fenix, Condestable Mines	MT
19/05	Earnings Flash (RIO.TO) Rio2 Reported Q1 Consolidated Revenue US$65.9M; Adjusted Diluted $0.02	MT

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Published financial data: RIO2 LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	-	-	-	-
Selling General & Admin Expenses, Total	92.15L	90.99L	45.05L	77L	1.19Cr
Exploration / Drilling Costs, Total	70.49T	26.37T	2L	81T	-
Stock-Based Compensation (IS)	19.38L	17.1L	10.52L	6L	16.27L
Depreciation & Amortization - (IS)	-	-	-	96T	-
Amortization of Goodwill and Intangible Assets - (IS)	76.17T	22.83L	18.64L	-	-
Impairment of Oil, Gas & Mineral Properties - (IS)	-	-	-	-	-
Other Operating Expenses	3L	26.77L	33.66L	28.17L	5L
Other Operating Expenses, Total	1.16Cr	1.58Cr	1.09Cr	1.13Cr	1.4Cr
Operating Income	-1.16Cr	-1.58Cr	-1.09Cr	-1.13Cr	-1.4Cr
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	15.26T	53.68T	2L	7L	9L
Net Interest Expenses	15.26T	53.68T	2L	7L	9L
Income (Loss) On Equity Invest.	-	-	-	-	-1L
Currency Exchange Gains (Loss)	-2L	86.54L	-20.74L	98.7L	19.09L
Other Non Operating Income (Expenses)	12.99L	-2L	4L	3L	-
EBT, Excl. Unusual Items	-1.05Cr	-72.7L	-1.23Cr	-4L	-1.13Cr
Merger & Related Restructuring Charges	-	-	-	-	-14.92L
Gain (Loss) On Sale Of Assets	-	50L	-	4L	-
Asset Writedown	-	-	-	-	-8L
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-1.05Cr	-22.7L	-1.23Cr	-8T	-1.36Cr
Income Tax Expense	16.07T	33.02T	16.17T	13T	-
Earnings From Continuing Operations	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Net Income to Company	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Net Income - (IS)	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Net Income to Common Incl Extra Items	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Net Income to Common Excl. Extra Items	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Per Share Items
Net EPS - Basic	-0.05	-0.01	-0.05	-0	-0.03
Basic EPS - Continuing Operations	-0.05	-0.01	-0.05	-0	-0.03
Basic Weighted Average Shares Outstanding	22Cr	26Cr	26Cr	32Cr	43Cr
Net EPS - Diluted	-0.05	-0.01	-0.05	-0	-0.03
Diluted EPS - Continuing Operations	-0.05	-0.01	-0.05	-0	-0.03
Diluted Weighted Average Shares Outstanding	22Cr	26Cr	26Cr	32Cr	43Cr
Normalized Basic EPS	-0.03	-0.02	-0.03	-0	-0.02
Normalized Diluted EPS	-0.03	-0.02	-0.03	-0	-0.02
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	-1.15Cr	-1.31Cr	-88.49L	-1.1Cr	-1.33Cr
EBITA	-1.16Cr	-1.53Cr	-1.07Cr	-1.1Cr	-1.35Cr
EBIT	-1.16Cr	-1.58Cr	-1.09Cr	-1.13Cr	-1.4Cr
Effective Tax Rate - (Ratio)	-0.15	-1.45	-0.13	-162.5	-
Normalized Net Income	-65.68L	-45.44L	-77.12L	-3L	-70.69L
Interest on Long-Term Debt	17.83T	23.29T	14.51T	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	34.31L	23.69L	18.07L	25.9L	1.19Cr
Exploration/Drilling Costs	70.49T	26.37T	2L	81T	-
Stock-Based Comp., Other (Total)	19.38L	17.1L	12.82L	6L	19.68L
Total Stock-Based Compensation	19.38L	17.1L	12.82L	6L	19.68L

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	2.13Cr	46.8L	45.5L	4.5Cr	4.64Cr
Short Term Investments	46T	46T	46T	-	-
Total Cash And Short Term Investments	2.14Cr	47.26L	45.96L	4.5Cr	4.64Cr
Accounts Receivable, Total	-	1L	-	-	-
Other Receivables	2L	2L	12.64T	72T	3.38Cr
Total Receivables	2L	4L	12.64T	72T	3.38Cr
Inventory	-	-	-	-	74.87L
Prepaid Expenses	14.76L	4L	3L	3L	6L
Restricted Cash	-	-	-	-	4L
Other Current Assets, Total	-	-	-	-	14Cr
Total Current Assets	2.31Cr	55.01L	48.94L	4.54Cr	23Cr
Gross Property Plant And Equipment	6.27Cr	9.54Cr	9.71Cr	11Cr	23Cr
Accumulated Depreciation	-76.24T	-23.26L	-41.7L	-34.48L	-34.22L
Net Property Plant And Equipment	6.26Cr	9.31Cr	9.29Cr	11Cr	23Cr
Long-term Investments	-	-	-	-	37.47L
Other Intangibles, Total	58.36T	24.8T	4.5T	-	-
Deferred Charges Long-Term	-	-	-	32.5L	32.5L
Other Long-Term Assets, Total	99.34L	1.65Cr	1.06Cr	1.65Cr	62.06L
Total Assets	9.57Cr	12Cr	11Cr	17Cr	47Cr
Liabilities
Accounts Payable, Total	27.65L	13.35L	3L	87.68L	2.59Cr
Accrued Expenses, Total	7L	2L	2L	8L	-
Current Portion of Leases	2L	2L	2L	1L	2L
Unearned Revenue Current, Total	-	-	-	-	3.37Cr
Other Current Liabilities	-	-	-	-	14Cr
Total Current Liabilities	36.68L	17.09L	6L	96.61L	20Cr
Long-Term Leases	3L	5L	3L	1L	1T
Unearned Revenue Non Current	-	2.72Cr	3.03Cr	3.4Cr	14Cr
Other Non Current Liabilities	33.68L	38.3L	39.56L	48.81L	91.25L
Total Liabilities	73.32L	3.32Cr	3.52Cr	4.87Cr	35Cr
Common Stock, Total	13Cr	13Cr	13Cr	19Cr	20Cr
Retained Earnings	-4.88Cr	-5.11Cr	-6.34Cr	-6.35Cr	-7.71Cr
Comprehensive Income and Other	99.46L	43.89L	78.43L	-41.74L	-37.76L
Total Common Equity	8.84Cr	8.18Cr	7.32Cr	13Cr	12Cr
Total Equity	8.84Cr	8.18Cr	7.32Cr	13Cr	12Cr
Total Liabilities And Equity	9.57Cr	12Cr	11Cr	17Cr	47Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26Cr	26Cr	26Cr	43Cr	53Cr
ECS Total Common Shares Outstanding	25Cr	26Cr	26Cr	43Cr	44Cr
Book Value / Share	0.35	0.32	0.28	0.29	0.28
Tangible Book Value	8.83Cr	8.18Cr	7.32Cr	13Cr	12Cr
Tangible Book Value Per Share	0.35	0.32	0.28	0.29	0.28
Total Debt	5L	7L	5L	3L	2L
Net Debt	-2.09Cr	-40.12L	-41.31L	-4.47Cr	-4.62Cr
Equity Method Investments, Total	-	-	-	-	37.47L
Account Code - Inventory Valuation	3	3	3	3	6
Inventories - Raw Materials, Total	-	-	-	-	45T
Inventories - Work In Process, Total	-	-	-	-	64.24L
Inventories - Finished Goods, Total	-	-	-	-	10.18L
Land - (BS)	2.17T	2.17T	2.17T	-	-
Buildings, Total	3.84T	-	-	-	-
Machinery, Total	20.44L	2.99Cr	3.34Cr	4.14Cr	1.04Cr
Full Time Employees	-	-	-	-	-

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	-1.05Cr	-23.03L	-1.24Cr	-21T	-1.36Cr
Depreciation & Amortization - CF	3L	24.7L	20.14L	2L	2L
Amortization of Goodwill and Intangible Assets - (CF)	-	5L	2L	2L	5L
Impairment of Oil, Gas & Mineral Properties - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	3L	29.61L	22.64L	5L	7L
Amortization of Deferred Charges, Total - (CF)	33.56T	33.56T	20.3T	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-4L	-
Asset Writedown & Restructuring Costs	-	-	-	-	8L
(Income) Loss On Equity Investments - (CF)	-	-	-	-	1L
Stock-Based Compensation (CF)	19.38L	17.1L	12.82L	6L	19.68L
Other Operating Activities, Total	3L	22.1L	31.28L	-1.14Cr	12Cr
Change In Accounts Receivable	-	-3L	3L	-1L	-
Change In Inventories	-	-	-	-	-74.87L
Change In Accounts Payable	2L	-28.86L	-10.48L	2L	23.75L
Change in Other Net Operating Assets	-15.28L	-53.41L	61.28L	-14.14L	-2.02Cr
Cash from Operations	-93.35L	-38.66L	-3L	-1.2Cr	8.77Cr
Capital Expenditure	-58.64L	-3.16Cr	-19.48L	-44.66L	-9.02Cr
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	8L	-	-	-	-38.62L
Other Investing Activities, Total	29.5L	-	-	-45L	-21.41L
Cash from Investing	-21.28L	-3.16Cr	-19.48L	-89.66L	-9.62Cr
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-2L	-3L	-2L	-2L	-2L
Total Debt Repaid	-2L	-3L	-2L	-2L	-2L
Issuance of Common Stock	3.27Cr	11.46L	-	6.65Cr	1.09Cr
Other Financing Activities, Total	-15.08L	2.5Cr	-	-44.57L	-12.22L
Cash from Financing	3.1Cr	2.59Cr	-2L	6.19Cr	94.87L
Foreign Exchange Rate Adjustments	-8L	-70.77L	23.3L	-5L	4L
Net Change in Cash	1.87Cr	-1.67Cr	-1L	4.04Cr	13.66L
Supplemental Items
Levered Free Cash Flow	-1.11Cr	-3.78Cr	-57.6L	-14.65L	-8.83Cr
Unlevered Free Cash Flow	-1.11Cr	-3.78Cr	-57.6L	-14.65L	-8.83Cr
Change In Net Working Capital	2L	10.29L	5L	-89.36L	-80.72L
Net Debt Issued / Repaid	-2L	-3L	-2L	-2L	-2L

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	-8.63	-9.37	-6.12	-4.99	-2.72
Return on Total Capital	-9.34	-11.52	-8.76	-7.07	-7.04
Return On Equity %	-13.66	-2.71	-15.94	-0.02	-10.99
Return on Common Equity	-13.66	-2.71	-15.94	-0.02	-10.99
Short Term Liquidity
Current Ratio	6.3	3.22	7.72	4.7	1.15
Quick Ratio	5.9	2.98	7.27	4.67	0.4
Operating Cash Flow to Current Liabilities	-2.54	-2.26	-0.52	-1.25	0.44
Average Days Payable Outstanding	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	0.55	0.87	0.64	0.23	0.12
Total Debt / Total Capital	0.55	0.86	0.63	0.23	0.12
LT Debt/Equity	0.33	0.62	0.43	0.12	0
Long-Term Debt / Total Capital	0.33	0.61	0.43	0.12	0
Total Liabilities / Total Assets	7.66	28.88	32.47	28.01	73.75
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-0.04	-0.06	-0.05	-0.03	-0.01
Net Debt / EBITDA	1.85	0.31	0.48	4.14	3.46
Total Debt / (EBITDA - Capex)	-0.03	-0.02	-0.04	-0.02	-0
Net Debt / (EBITDA - Capex)	1.22	0.09	0.39	2.93	0.45
Growth Over Prior Year
EBITDA, 1 Yr. Growth %	51.94	15.99	-32.22	24.04	20.31
EBITA, 1 Yr. Growth %	52.21	35.46	-30.14	3.3	19.53
EBIT, 1 Yr. Growth %	52.21	36.36	-30.73	2.95	21.19
Earnings From Cont. Operations, 1 Yr. Growth %	17.75	-78.12	436.4	-99.83	64.86T
Net Income, 1 Yr. Growth %	17.75	-78.12	436.4	-99.83	64.86T
Normalized Net Income, 1 Yr. Growth %	17.57	-39.97	69.72	-96.63	1L
Diluted EPS Before Extra, 1 Yr. Growth %	-0.9	-81.24	433.02	-99.86	48.9T
Net Property, Plant and Equip., 1 Yr. Growth %	5.62	48.69	-0.12	16.88	109.11
Total Assets, 1 Yr. Growth %	32.61	20.24	-5.77	60.31	169.74
Tangible Book Value, 1 Yr. Growth %	34.43	-7.36	-10.51	70.9	-1.63
Common Equity, 1 Yr. Growth %	34.33	-7.39	-10.53	70.9	-1.63
Cash From Operations, 1 Yr. Growth %	-0.59	-58.59	-91.43	-703.82	-829.5
Capital Expenditures, 1 Yr. Growth %	53.78	438.99	-93.84	129.26	1.92T
Levered Free Cash Flow, 1 Yr. Growth %	47.26	249.46	-84.76	-74.56	5.27T
Unlevered Free Cash Flow, 1 Yr. Growth %	47.26	249.46	-84.76	-74.56	5.27T
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	27.35	31.1	-11.34	-8.42	22.93
EBITA, 2 Yr. CAGR %	27.22	41.82	-2.72	-15.05	12.54
EBIT, 2 Yr. CAGR %	27.22	44.07	-2.81	-15.55	13.1
Earnings From Cont. Operations, 2 Yr. CAGR %	13.21	-49.24	8.35	-90.45	5.08
Net Income, 2 Yr. CAGR %	13.21	-49.24	8.35	-90.45	5.08
Normalized Net Income, 2 Yr. CAGR %	13.12	-9.81	0.94	-76.08	-4.26
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.83	-56.88	0.01	-91.49	-18.37
Net Property, Plant and Equip., 2 Yr. CAGR %	11.5	25.32	21.86	8.05	56.33
Total Assets, 2 Yr. CAGR %	13.47	26.27	6.44	22.9	107.94
Tangible Book Value, 2 Yr. CAGR %	11.43	11.59	-8.95	23.67	29.66
Common Equity, 2 Yr. CAGR %	11.35	11.53	-8.98	23.65	29.66
Cash From Operations, 2 Yr. CAGR %	28.27	-35.84	-81.16	76.39	563.69
Capital Expenditures, 2 Yr. CAGR %	30.37	187.9	-42.37	-62.41	580.59
Levered Free Cash Flow, 2 Yr. CAGR %	44.41	123.93	-27.03	-80.31	291.53
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.41	123.93	-27.03	-80.31	291.53
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	23.23	25.19	5.22	-0.92	0.72
EBITA, 3 Yr. CAGR %	23.05	31.75	12	-0.75	-4
EBIT, 3 Yr. CAGR %	23.05	33.15	12.87	-0.92	-3.95
Earnings From Cont. Operations, 3 Yr. CAGR %	17.22	-33.06	11.4	-87.41	80.93
Net Income, 3 Yr. CAGR %	17.22	-33.06	11.4	-87.41	80.93
Normalized Net Income, 3 Yr. CAGR %	17.17	-1.8	11.35	-67.49	15.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-27.67	-45.36	-0.3	-88.92	52.58
Net Property, Plant and Equip., 3 Yr. CAGR %	10.08	25.51	16.19	20.18	34.65
Total Assets, 3 Yr. CAGR %	19.38	18.3	14.53	22.01	59.72
Tangible Book Value, 3 Yr. CAGR %	17.69	7.15	3.68	12.32	14.59
Common Equity, 3 Yr. CAGR %	17.6	7.09	3.63	12.29	14.57
Cash From Operations, 3 Yr. CAGR %	46.46	-10.01	-67.2	8.82	183.13
Capital Expenditures, 3 Yr. CAGR %	41.52	113.98	-20.06	-8.68	41.86
Levered Free Cash Flow, 3 Yr. CAGR %	64.31	96.56	-8.58	-48.64	32.67
Unlevered Free Cash Flow, 3 Yr. CAGR %	64.31	96.56	-8.58	-48.64	32.67
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	128.97	25.66	8.41	11.83	11.92
EBITA, 5 Yr. CAGR %	129.11	29.72	12.41	11.9	12.22
EBIT, 5 Yr. CAGR %	129.11	30.54	12.93	12.34	12.96
Earnings From Cont. Operations, 5 Yr. CAGR %	97.37	-11.29	14.56	-68.91	8.82
Net Income, 5 Yr. CAGR %	97.37	-11.29	14.56	-68.91	8.82
Normalized Net Income, 5 Yr. CAGR %	111.42	11.63	14.53	-43.5	4.82
Diluted EPS Before Extra, 5 Yr. CAGR %	-2.81	-39.37	-16.95	-73.71	-7.96
Net Property, Plant and Equip., 5 Yr. CAGR %	445.16	472.7	15.63	19.66	30.83
Total Assets, 5 Yr. CAGR %	131.9	93.92	15	21.6	45.39
Tangible Book Value, 5 Yr. CAGR %	132.25	83.46	7.12	14.87	13.38
Common Equity, 5 Yr. CAGR %	132.28	83.47	7.06	14.83	13.35
Cash From Operations, 5 Yr. CAGR %	132.32	6.73	-34.97	19.24	56.35
Capital Expenditures, 5 Yr. CAGR %	352.76	539.63	-0.35	8.04	88.29
Levered Free Cash Flow, 5 Yr. CAGR %	89.49	102.13	19.15	-20.73	63.57
Unlevered Free Cash Flow, 5 Yr. CAGR %	92.05	102.13	19.15	-20.73	63.57