Kelt Exploration 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	63.06	45.42	85.97	158.76	114.26
Depreciation & Amortization	183.57	141.49	125.81	116.18	91.25
Stock-Based Compensation	7.81	8.85	7.86	7.01	4.22
Other Adjustments	3.74	21.18	52.01	41.84	-51.91
Changes in Other Operating Activities	6.08	-7.8	11.56	-17.77	1.9
Operating Cash Flow	264.26	209.15	283.22	306.02	159.71
Operating Cash Flow Growth	26.35%	-26.16%	-7.45%	91.61%	169.43%
Capital Expenditures	-313.41	-326.01	-276.48	-309.59	-218.11
Sale of Property, Plant & Equipment	0.22	-	0.05	0.04	8.85
Purchases of Intangible Assets	-15.18	-2.96	-6.12	-7.06	-4.2
Payments for Business Acquisitions	0.06	-4.17	-0.1	-0.93	-0.05
Other Investing Activities	-12.27	-3.42	17.16	-11.41	21.97
Investing Cash Flow	-340.57	-336.57	-265.49	-328.95	-191.54
Short-Term Debt Issued	70.87	108.99	-11.3	10.15	1.15
Net Short-Term Debt Issued (Repaid)	70.87	108.99	-11.3	10.15	1.15
Issuance of Common Stock	5.76	5.07	8.4	12.93	0.57
Net Common Stock Issued (Repurchased)	5.76	5.07	8.4	12.93	0.57
Other Financing Activities	-0.46	-0.75	-0.63	-0.75	-0.75
Financing Cash Flow	76.18	113.31	-3.52	22.33	0.97
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-	-	-	-	0
Net Cash Flow	-0.14	-14.11	14.22	-0.59	-30.85
Free Cash Flow	-49.15	-116.87	6.75	-3.57	-58.39
FCF Margin	-10.53%	-28.25%	1.55%	-0.65%	-20.18%
Free Cash Flow Per Share	-0.24	-0.59	0.03	-0.02	-0.31
Levered Free Cash Flow	10.17	-37.9	-64.43	-42.27	-9.55
Unlevered Free Cash Flow	-83.36	-141.59	-44.37	-25.12	-56.25

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.