StorageVault Canada 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-12.55	-30.22	-1.7	-41.24	-35.87
Depreciation & Amortization	114.99	102.6	100.49	104.11	93.17
Other Amortization	2.66	2.61	2.79	2.93	2.16
Loss (Gain) From Sale of Assets	-16.14	2.68	-16.24	-0.18	0.04
Stock-Based Compensation	2.45	2.68	3.8	13.63	11.29
Other Operating Activities	14.33	20.59	-3.29	-2.89	-11.75
Change in Accounts Receivable	0.06	-1.26	-1.88	-9.03	-2.07
Change in Accounts Payable	-1.38	1.43	1	2.35	-0.13
Change in Unearned Revenue	2.32	-0.69	-1.07	1.18	3.11
Change in Other Net Operating Assets	-8.27	6.58	-5.89	-3.56	-2.94
Operating Cash Flow	98.49	106.99	77.99	67.31	57.02
Operating Cash Flow Growth	-7.95%	37.18%	15.87%	18.04%	32.18%
Cash Acquisitions	-128.13	-211	-86.83	-214.09	-226.67
Sale (Purchase) of Real Estate	-73.47	-86.6	7.96	-35.42	-28.99
Investing Cash Flow	-201.59	-297.6	-78.87	-249.5	-255.66
Long-Term Debt Issued	391.07	606.59	430.75	610.34	364.05
Long-Term Debt Repaid	-250.24	-354.88	-409.57	-415.84	-157.27
Net Debt Issued (Repaid)	140.84	251.71	21.18	194.5	206.79
Issuance of Common Stock	-	-	0.02	0.45	-
Repurchase of Common Stock	-17.08	-36.31	-21.56	-10.63	-3.95
Common Dividends Paid	-2.4	-2.48	-2.84	-2.37	-2.39
Other Financing Activities	-19.43	-19.84	-4.6	-2.37	-2.19
Financing Cash Flow	101.93	193.09	-7.8	179.58	198.25
Net Cash Flow	-1.17	2.48	-8.67	-2.61	-0.38
Free Cash Flow	98.49	106.99	77.99	67.31	57.02
Free Cash Flow Growth	-7.95%	37.18%	15.87%	18.04%	32.18%
Free Cash Flow Margin	29.40%	35.11%	27.01%	25.71%	27.33%
Free Cash Flow Per Share	0.27	0.29	0.21	0.18	0.15
Cash Interest Paid	14.93	14.97	-	-	-
Levered Free Cash Flow	84.03	106.87	87.68	97.11	71.74
Unlevered Free Cash Flow	149.79	163.39	139.61	140.94	106.17
Change in Working Capital	-7.26	6.06	-7.85	-9.06	-2.02

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