Maxim Power 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	16.69	21.95	28.3	42.28	78.51
Depreciation & Amortization	15.61	14.56	9.7	10.55	7.97
Stock-Based Compensation	1.14	1.8	0.69	0.54	0.45
Other Adjustments	-3.34	3.48	13.63	24.67	28.16
Changes in Other Operating Activities	0.82	42.28	-28.69	-1.62	-9.87
Operating Cash Flow	30.91	84.07	23.62	76.41	105.22
Operating Cash Flow Growth	-63.23%	255.98%	-69.09%	-27.38%	1410.86%
Capital Expenditures	-13.8	-7.19	-27.42	-81.09	-88.58
Other Investing Activities	10.64	14.49	-4.67	23.3	3.26
Investing Cash Flow	-3.16	7.3	-32.1	-57.79	-85.31
Long-Term Debt Issued	-	-	-	37	-
Long-Term Debt Repaid	-	-53.51	-2.85	-9.14	-10.75
Net Long-Term Debt Issued (Repaid)	-	-53.51	-2.85	27.86	-10.75
Issuance of Common Stock	0.22	0.11	0.47	0.11	0.36
Repurchase of Common Stock	-0.88	-1.27	-0.15	-1.37	-0.03
Net Common Stock Issued (Repurchased)	-0.66	-1.17	0.32	-1.26	0.33
Common Dividends Paid	-	-31.85	-	-	-
Other Financing Activities	-0.23	-7.12	-8.11	-7.33	-8.18
Financing Cash Flow	-0.89	-93.65	-10.64	19.28	-18.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.01	0.08	-0	-0.07	-0.02
Net Cash Flow	26.85	-2.19	-19.12	37.83	1.29
Free Cash Flow	17.11	76.88	-3.81	-4.68	16.64
Free Cash Flow Growth	-77.74%	-	-	-	-
FCF Margin	18.80%	67.73%	-8.56%	-3.38%	12.13%
Free Cash Flow Per Share	0.27	1.20	-0.06	-0.07	0.26
Levered Free Cash Flow	19.32	18.08	-20.98	-2.02	-22.72
Unlevered Free Cash Flow	7.34	72.32	-61.33	-27.64	-7.69

Updated Mar 20, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.