Saturn Oil & Gas 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	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	110.02	54.11	290.62	74.82	-65.06	-7.76
Depreciation & Amortization	295.6	229.03	148.91	46.04	16.23	4.52
Stock-Based Compensation	10.53	10.35	7.55	0.54	0.45	0.69
Other Operating Activities	39.74	55.32	-184.08	-4.54	73.82	5.9
Change in Other Net Operating Assets	16.61	-36.87	20.99	-14.54	-26.72	-2.5
Operating Cash Flow	472.49	311.94	283.99	102.31	-1.29	0.85
Operating Cash Flow Growth	59.54%	9.84%	177.56%	-	-	-90.73%
Capital Expenditures	186.16	-246.32	-130.57	-89.11	-8.69	-1.13
Cash Acquisitions	-564.41	-564.41	-466.66	-248.37	-82.3	-
Divestitures	-0.58	25.13	-	-	-	-
Other Investing Activities	-5.19	36.06	20.83	19.23	3.14	-0.23
Investing Cash Flow	-384.01	-749.53	-576.41	-318.24	-87.86	-1.35
Long-Term Debt Issued	-	874.34	361.4	229.97	84.06	0.99
Total Debt Issued	-16.35	874.34	361.4	229.97	84.06	0.99
Long-Term Debt Repaid	-	-513.86	-170.04	-95.12	-19.89	-0.55
Total Debt Repaid	-127.35	-513.86	-170.04	-95.12	-19.89	-0.55
Net Debt Issued (Repaid)	-143.71	360.49	191.37	134.85	64.18	0.44
Issuance of Common Stock	-	150.24	125	96.94	32.25	-
Repurchase of Common Stock	-36.08	-15.77	-	-	-	-
Other Financing Activities	12.39	-35.4	-7.75	-8.03	-5.44	-0.47
Financing Cash Flow	-167.39	459.55	308.62	223.77	90.99	-0.04
Net Cash Flow	-78.92	21.96	16.2	7.84	1.85	-0.54
Free Cash Flow	658.65	65.62	153.42	13.21	-9.98	-0.28
Free Cash Flow Growth	2399.14%	-57.23%	1061.44%	-	-	-
Free Cash Flow Margin	72.37%	8.13%	24.55%	3.92%	-10.14%	-3.87%
Free Cash Flow Per Share	3.21	0.35	1.19	0.29	-0.52	-0.02
Levered Free Cash Flow	573	53.88	143.69	15.99	-1.94	-4.35
Unlevered Free Cash Flow	635.24	112.32	203.11	37.14	6.81	2.01
Change in Working Capital	16.61	-36.87	20.99	-14.54	-26.72	-2.5

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.