MCAN Mortgage 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	74.87	77.59	77.5	55.35	64.36
Depreciation & Amortization	13.32	11.13	9.77	8.46	5.23
Provision for Credit Losses	13.46	3.26	4.49	-1.07	0.46
Net Change in Loans Held-for-Sale	-1,076	-549.01	-663.65	-305.25	-1,007
Other Adjustments	-32.29	-22.97	-18.79	-16.46	-41.03
Changes in Trading Assets	2.06	-30.9	-12.92	-35.41	-7.15
Changes in Trading Liabilities	1.75	-4.26	0.2	-	-
Changes in Other Operating Activities	1,015	568.93	543.8	322.64	871.25
Operating Cash Flow	12.19	53.77	-59.6	28.27	-113.57
Operating Cash Flow Growth	-77.34%	-	-	-	-
Capital Expenditures	-5.55	-4.8	-0.67	-0.28	-0.16
Other Investing Activities	21.71	18.59	17.86	18.35	17.86
Investing Cash Flow	16.17	13.79	17.19	18.07	17.7
Short-Term Debt Issued	19.33	-64.58	58.15	-50.81	57.34
Net Short-Term Debt Issued (Repaid)	19.33	-64.58	58.15	-50.81	57.34
Issuance of Common Stock	22.39	34.11	2.09	38.16	53.22
Net Common Stock Issued (Repurchased)	22.39	34.11	2.09	38.16	53.22
Common Dividends Paid	-54.13	-42.28	-35.33	-36.18	-22.2
Other Financing Activities	2.19	6.55	-0.37	-41.56	40.86
Financing Cash Flow	-10.23	-66.2	24.54	-90.39	129.22
Net Cash Flow	18.13	1.36	-17.87	-44.06	33.34
Free Cash Flow	6.64	48.97	-60.26	27.99	-113.73
Free Cash Flow Growth	-86.45%	-	-	-	-
FCF Margin	4.96%	37.50%	-45.39%	24.16%	-95.95%
Free Cash Flow Per Share	0.17	1.30	-1.73	0.90	-4.25
Levered Free Cash Flow	1,120	553.11	675.84	299.96	990.87
Unlevered Free Cash Flow	1,026	540.1	540.19	295.41	869.17

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