Ero Copper Corp. cash flow statement

In fiscal 2025, Ero Copper Corp.'s operations generated $395m of cash; it spent $263m on capital projects, leaving free cash flow of $132m.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ero Copper Corp.: cash flow statement, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	163	365	143	163	145	395
Depreciation and amortisation	0	0	0	2	2	2
Stock-based pay	9	8	8	9	10	25
Capital spending	118	169	283	447	329	263
Free cash flow	45	195	−139	−284	−184	132
Free cash flow after stock pay	36	188	−147	−293	−194	108

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Ero Copper Corp.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ero Copper Corp.