TTNMF 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	-22.68	-24.01	10.23	24.88	5.04	6.27
Depreciation & Amortization	28.51	34.71	32.61	27.53	21.34	13.33
Loss (Gain) From Sale of Assets	3.49	-2.24	-4.47	-6.88	-1.52	-1.66
Asset Writedown & Restructuring Costs	23.1	23.1	-	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-0.11	-
Stock-Based Compensation	1.19	1.07	0.97	0.73	0.65	0.62
Other Operating Activities	-6.29	-9.02	-2.5	-15.61	-1.74	-0.6
Change in Accounts Receivable	-8.42	-8.42	12.18	-0.39	-20.7	-12.22
Change in Accounts Payable	7.15	7.15	-10.22	-0.34	5.01	7.64
Change in Income Taxes	2.96	2.96	-0.94	12.62	3.13	2.26
Change in Other Net Operating Assets	1.37	0.4	-0.87	0.93	-0.01	0.21
Operating Cash Flow	30.38	25.7	37.23	43.47	11.07	15.84
Operating Cash Flow Growth	40.82%	-30.96%	-14.36%	292.55%	-30.11%	-15.95%
Capital Expenditures	-3.18	-12.11	-79.01	-70.53	-17.73	-0.06
Sale of Property, Plant & Equipment	7.58	20.97	14.5	21.8	4.19	2.63
Cash Acquisitions	-	-	-46.08	-8.64	-27	-
Investment in Securities	-	-	-	-	2.06	-
Other Investing Activities	-	-	-	9.2	-9.2	-
Investing Cash Flow	7.3	11.47	-108.29	-46.14	-45.67	4.78
Long-Term Debt Issued	-	12.1	90.73	76.69	53.42	0.34
Long-Term Debt Repaid	-	-52.62	-40.34	-54.56	-24.83	-17.89
Total Debt Repaid	-32.47	-52.62	-40.34	-54.56	-24.83	-17.89
Net Debt Issued (Repaid)	-23.58	-40.53	50.39	22.13	28.59	-17.56
Issuance of Common Stock	1.52	0.84	0.96	0.97	24.34	0.37
Repurchase of Common Stock	-	-0.37	-2.62	-	-	-0.06
Common Dividends Paid	-0.9	-3.59	-3.6	-3.58	-3.37	-0.73
Financing Cash Flow	-22.96	-43.65	45.13	19.52	49.55	-17.98
Foreign Exchange Rate Adjustments	1.47	1.47	0.38	-	-	-
Net Cash Flow	16.19	-5.02	-25.56	16.85	14.96	2.65
Free Cash Flow	27.2	13.59	-41.79	-27.06	-6.66	15.78
Free Cash Flow Growth	-	-	-	-	-	-10.86%
Free Cash Flow Margin	5.79%	2.95%	-10.10%	-5.45%	-1.67%	7.86%
Free Cash Flow Per Share	0.60	0.31	-0.92	-0.60	-0.16	0.42
Cash Interest Paid	10.63	12.45	9.21	4.9	3	2.89
Cash Income Tax Paid	2.04	3.64	6.73	11.68	-0.02	0.9
Levered Free Cash Flow	29.6	17.42	-42.2	-17.3	-15.11	14.05
Unlevered Free Cash Flow	36.03	25.1	-36.49	-14.25	-13.2	15.83
Change in Working Capital	3.06	2.08	0.15	12.81	-12.57	-2.12

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