Develop Global Limited (AU:DVP) has released an update.
Develop Global Limited, a mining and oil and gas exploration company, reported a net positive cash flow from operating activities of $7.347 million for the current quarter, totaling $21.011 million for the year. However, the company experienced a net cash outflow from investing activities amounting to $5.302 million for the quarter and $39.075 million year-to-date, mainly due to acquisitions and property investments. Despite these expenditures, financing activities contributed $2.329 million to the cash flow in the current quarter, thanks to the proceeds from the exercise of options.
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