Pulse Seismic 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	22.31	3.39	15.01	-7.91	21.51	-6.79	Upgrade
Depreciation & Amortization	9.08	9.18	9.18	10.08	10.62	12.02	Upgrade
Stock-Based Compensation	-0.44	-	0.97	0.57	0.31	0.26	Upgrade
Other Operating Activities	1.41	-1.15	0.44	-3.18	1.87	0.09	Upgrade
Change in Accounts Receivable	0.49	4.37	-5.19	13.94	-7.5	-3.57	Upgrade
Change in Accounts Payable	2.42	-0.5	1.57	-1.52	1.6	-0.14	Upgrade
Change in Unearned Revenue	-1.35	-1.35	1.35	-	-0.11	-1.44	Upgrade
Change in Other Net Operating Assets	0.24	0.26	0.2	0	1.49	3.39	Upgrade
Operating Cash Flow	34.16	14.2	23.52	11.99	29.8	3.81	Upgrade
Operating Cash Flow Growth	27.66%	-39.66%	96.16%	-59.76%	681.31%	-55.68%	Upgrade
Capital Expenditures	0.18	-0.05	-0.03	-0.01	-0.01	-0.01	Upgrade
Sale (Purchase) of Intangibles	-0.23	-0.23	-	-	-0.35	-0.38	Upgrade
Investing Cash Flow	-0.05	-0.27	-0.03	-0.01	-0.36	-0.39	Upgrade
Long-Term Debt Issued	-	-	-	-	-	17.98	Upgrade
Long-Term Debt Repaid	-	-0.07	-0.1	-2.85	-26.37	-22.48	Upgrade
Net Debt Issued (Repaid)	-0.07	-0.07	-0.1	-2.85	-26.37	-4.5	Upgrade
Repurchase of Common Stock	-1.67	-4.99	-2.42	-0.62	-0.18	-0.11	Upgrade
Common Dividends Paid	-15.89	-16.09	-10.85	-2.69	-2.82	-	Upgrade
Other Financing Activities	-	-	-	-	-0.06	-0.17	Upgrade
Financing Cash Flow	-17.63	-21.15	-13.37	-6.16	-29.44	-4.78	Upgrade
Net Cash Flow	16.48	-7.23	10.13	5.82	-	-1.36	Upgrade
Free Cash Flow	34.34	14.15	23.5	11.98	29.79	3.81	Upgrade
Free Cash Flow Growth	29.48%	-39.78%	96.13%	-59.79%	682.53%	-53.38%	Upgrade
Free Cash Flow Margin	69.54%	60.52%	60.05%	125.18%	60.61%	33.55%	Upgrade
Free Cash Flow Per Share	0.68	0.28	0.44	0.22	0.55	0.07	Upgrade
Cash Interest Paid	0.02	0.04	0.13	0.13	1.94	1.97	Upgrade
Cash Income Tax Paid	7.71	4.54	6.18	3.01	6.69	0.1	Upgrade
Levered Free Cash Flow	32.32	3.86	32.57	15.5	25.52	2.96	Upgrade
Unlevered Free Cash Flow	32.32	3.87	32.61	15.55	26.63	4.23	Upgrade
Change in Net Working Capital	-3.27	8.99	-9.21	-9.44	3.81	4.77	Upgrade

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.