Evolve Royalties Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-1.22	-0.8	-0.04
Depreciation & Amortization	0.62	0.21	-
Other Amortization	0.21	0.23	-
Stock-Based Compensation	0.25	0.04	-
Other Operating Activities	-0.03	0	-
Change in Accounts Payable	0.58	0.12	0.04
Change in Other Net Operating Assets	0.02	-0.1	-
Operating Cash Flow	0.44	-0.3	-0
Capital Expenditures	-1	-23.2	-
Investing Cash Flow	-2.73	-23.2	-
Issuance of Common Stock	-	28.42	0.58
Other Financing Activities	-0.28	-1.17	-
Financing Cash Flow	-0.28	27.24	0.58
Net Cash Flow	-2.57	3.75	0.58
Free Cash Flow	-0.56	-23.49	-0
Free Cash Flow Margin	-55.58%	-6712.60%	-
Free Cash Flow Per Share	-0.01	-0.34	-
Levered Free Cash Flow	-	-23.11	-
Unlevered Free Cash Flow	-	-23.19	-
Change in Working Capital	0.61	0.02	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.