Evolve Royalties Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-1.52	-0.8	-0.04
Depreciation & Amortization	0.95	0.21	-
Other Amortization	0.13	0.23	-
Loss (Gain) From Sale of Investments	-0.16	-	-
Stock-Based Compensation	0.32	0.04	-
Other Operating Activities	-0.03	0	-
Change in Accounts Payable	1.32	0.12	0.04
Change in Other Net Operating Assets	-0.03	-0.1	-
Operating Cash Flow	0.98	-0.3	-0
Capital Expenditures	-1	-23.2	-
Investment in Securities	-1.73	-	-
Investing Cash Flow	-2.73	-23.2	-
Issuance of Common Stock	37.64	28.42	0.58
Other Financing Activities	-2.91	-1.17	-
Financing Cash Flow	34.73	27.24	0.58
Net Cash Flow	32.98	3.75	0.58
Free Cash Flow	-0.02	-23.49	-0
Free Cash Flow Margin	-1.61%	-6712.60%	-
Free Cash Flow Per Share	-0.00	-1.18	-
Levered Free Cash Flow	0.91	-23.11	-
Unlevered Free Cash Flow	0.86	-23.19	-
Change in Working Capital	1.29	0.02	0.04

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