Acadian Timber Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 28, 2026	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	48.79	48.97	21.74	29.43	35.51	18.68
Depreciation & Amortization	2.12	1.88	0.52	0.36	0.27	0.26
Other Adjustments	-42.89	-42.7	9.55	-16.7	-23.24	-2.02
Change in Receivables	1.78	-0.58	0.73	-	-	-
Changes in Inventories	-0.66	-0.94	-0.5	-	-	-
Changes in Accounts Payable	-2.7	1.29	1.55	-	-	-
Changes in Other Operating Activities	0.9	-2.43	2.7	-2.68	2.7	-0.69
Operating Cash Flow	8.45	6.82	34.05	10.41	15.24	16.23
Operating Cash Flow Growth	-69.70%	-79.96%	226.96%	-31.65%	-6.13%	-21.28%
Capital Expenditures	-0.55	-3.21	-10.5	-0.62	-0.38	-0.33
Sale of Property, Plant & Equipment	0.78	1.19	1.36	0.68	0.06	0.52
Payments for Business Acquisitions	-	-6.51	-	-	-	-
Investing Cash Flow	0.22	-8.52	-9.14	0.06	-0.32	0.19
Short-Term Debt Issued	-	-	10.3	-	-	-
Short-Term Debt Repaid	-	-	-10.3	-	-	-
Long-Term Debt Issued	-	2.19	-	-	-	-
Long-Term Debt Repaid	-0.67	-0.57	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-0.67	1.62	-	-	-	-
Common Dividends Paid	-10.36	-10.36	-11.49	-14.87	-16	-19.36
Financing Cash Flow	-11.03	-8.74	-11.49	-14.87	-16	-19.36
Net Cash Flow	-2.36	-10.44	13.42	-4.4	-1.09	-2.94
Free Cash Flow	7.89	3.62	23.55	9.79	14.86	15.9
Free Cash Flow Growth	118.19%	-84.64%	140.42%	-34.08%	-6.54%	-21.56%
FCF Margin	9.23%	4.16%	20.27%	10.48%	16.42%	16.61%
Free Cash Flow Per Share	0.43	0.20	1.34	0.57	0.88	0.95
Levered Free Cash Flow	47.23	47.19	15.51	26.49	38.1	17.92
Unlevered Free Cash Flow	8.7	6.25	10.37	11.44	15.5	14.6

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.