Headwater Exploration Inc. (TSX:HWX)

Canada · Delayed Price · Currency is CAD

13.25

+0.44 (3.43%)

Aug 10, 2026, 4:00 PM EST

Headwater Exploration Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	186.16	153.21	188.03	156.07	162.11	45.83
Depreciation & Amortization	120.55	127.04	124.88	120.2	79.41	44.39
Stock-Based Compensation	39.51	26.01	12	5.24	4.09	2.73
Other Adjustments	59.54	60.52	63.7	43.74	48.52	24.97
Change in Receivables	-13.49	-	-	-	-	-
Changes in Inventories	-0	-	-	-	-	-
Changes in Accounts Payable	9.71	-	-	-	-	-
Changes in Other Operating Activities	-36.58	-2	-12.1	7.05	-10.2	-6.26
Operating Cash Flow	333.16	297.14	316.74	303.32	283.93	111.66
Operating Cash Flow Growth	7.51%	-6.19%	4.42%	6.83%	154.28%	48446.09%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Capital Expenditures	-263.03	-228.29	-222.87	-240.07	-248.92	-140.39
Sale of Property, Plant & Equipment	-	-	-	3.75	-	-
Other Investing Activities	29.29	0.4	-3.99	-7.39	16.87	31.26
Investing Cash Flow	-253.02	-227.89	-226.85	-243.71	-232.06	-109.13

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Issuance of Common Stock	-	-	0.55	1.01	1.84	0.02
Repurchase of Common Stock	-7.38	-7.65	-	-	-	-
Net Common Stock Issued (Repurchased)	-7.38	-7.65	0.55	1.01	1.84	0.02
Common Dividends Paid	-104.73	-102.35	-94.92	-94.16	-	-
Other Financing Activities	-5.75	-2.29	1.13	4.15	7.03	35.38
Financing Cash Flow	-117.89	-112.29	-93.24	-89	8.88	35.4

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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 Cash Flow	-37.75	-43.04	-3.36	-29.4	60.74	37.93

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	70.14	68.85	93.87	63.25	35	-28.73
Free Cash Flow Growth	-21.60%	-26.66%	48.42%	80.69%	-	-
FCF Margin	11.76%	13.39%	18.35%	14.86%	9.38%	-17.41%
Free Cash Flow Per Share	0.29	0.29	0.40	0.27	0.15	-0.13
Levered Free Cash Flow	16.82	49.96	77.95	43.25	-17.6	-56.43
Unlevered Free Cash Flow	-84.8	-51.74	-35.78	-59.54	-107.48	-54.32