MCAN Mortgage 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	65.01	77.59	77.5	55.35	64.36	42.89
Depreciation & Amortization	2.11	1.03	0.64	0.59	0.68	0.78
Gain on Sale of Loans & Receivables	10.63	10.1	9.13	7.87	4.54	2.26
Loss (Gain) From Sale of Investments	14.18	6.93	2.46	10.35	-15.09	9.06
Provision for Credit Losses	8.53	3.26	4.49	-1.07	0.46	2.1
Loss (Gain) on Equity Investments	-32.89	-28.8	-22.01	-26.6	-25.45	-33.92
Change in Trading Asset Securities	-1.54	-4.26	0.2	-	-	-
Change in Income Taxes	-0.22	-	-0.03	-	-	-
Change in Other Net Operating Assets	6.66	-10.98	-132.74	-18.02	-142.59	36.25
Other Operating Activities	-0.64	-1.09	0.76	-0.2	-0.48	-0.3
Operating Cash Flow	71.84	53.77	-59.6	28.27	-113.57	59.12
Operating Cash Flow Growth	-36.82%	-	-	-	-	-
Capital Expenditures	-4.18	-4.8	-0.67	-0.28	-0.16	-0.31
Investment in Securities	19.65	18.59	17.86	18.35	17.86	15.53
Investing Cash Flow	15.47	13.79	17.19	18.07	17.7	15.23
Short-Term Debt Issued	-	-	58.15	-	98.55	-
Long-Term Debt Issued	-	6.55	-	-	-	-
Total Debt Issued	2.24	6.55	58.15	-	98.55	-
Short-Term Debt Repaid	-	-64.58	-	-92.01	-	-5.05
Long-Term Debt Repaid	-	-	-0.37	-0.36	-0.34	-0.37
Total Debt Repaid	0.04	-64.58	-0.37	-92.37	-0.34	-5.42
Net Debt Issued (Repaid)	2.28	-58.03	57.78	-92.37	98.2	-5.42
Issuance of Common Stock	19.73	34.11	2.09	38.16	53.22	-
Common Dividends Paid	-54.13	-42.28	-35.33	-36.18	-22.2	-34.44
Financing Cash Flow	-32.13	-66.2	24.54	-90.39	129.22	-39.87
Net Cash Flow	55.18	1.36	-17.87	-44.06	33.34	34.48
Free Cash Flow	67.66	48.97	-60.26	27.99	-113.73	58.81
Free Cash Flow Growth	-37.33%	-	-	-	-	-
Free Cash Flow Margin	54.02%	37.50%	-48.63%	29.67%	-113.50%	82.72%
Free Cash Flow Per Share	1.73	1.30	-1.73	0.90	-4.25	2.40
Cash Interest Paid	155.41	158.79	125.37	73.83	47.97	44.39

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