PrairieSky Royalty Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	202.4	205	215.3	227.6	317.5	123.3
Depreciation & Amortization	153.5	154.6	165.5	147.6	153.5	109.6
Other Amortization	0.7	0.6	0.5	0.4	0.7	0.3
Stock-Based Compensation	2.3	-11.9	7.5	-2.9	23.3	11.8
Other Operating Activities	3.2	4.7	-8.3	9.8	12.6	28.4
Change in Accounts Receivable	-6.6	5.7	-7.4	18.7	-27.9	-
Change in Accounts Payable	-4.6	3.9	5	-0.1	2	-
Change in Income Taxes	-5.2	-5.4	2	-82	83.8	-
Change in Other Net Operating Assets	0.2	0.2	-0.2	-0.2	-	-21.4
Operating Cash Flow	345.9	357.4	379.9	318.9	565.5	252
Operating Cash Flow Growth	-11.51%	-5.92%	19.13%	-43.61%	124.41%	65.46%
Capital Expenditures	-40.5	-99.9	-49.1	-57.9	-30.6	-985.6
Sale of Property, Plant & Equipment	0.7	0.7	-	-	-	-
Other Investing Activities	-	-	-	-	-	-0.8
Investing Cash Flow	-39.8	-99.2	-49.1	-57.9	-30.6	-986.4
Long-Term Debt Issued	-	147.2	-	-	-	602.1
Total Debt Issued	22.6	147.2	-	-	-	602.1
Long-Term Debt Repaid	-	-0.1	-93.1	-31.5	-426.6	-0.8
Net Debt Issued (Repaid)	16.5	147.1	-93.1	-31.5	-426.6	601.3
Issuance of Common Stock	-	-	-	-	-	220.1
Repurchase of Common Stock	-78.4	-161.7	-	-	-	-22.7
Common Dividends Paid	-243.4	-242.8	-236.4	-229.2	-107.6	-62.4
Other Financing Activities	-0.8	-0.8	-1.3	-0.3	-0.7	-1.9
Financing Cash Flow	-306.1	-258.2	-330.8	-261	-534.9	734.4
Free Cash Flow	305.4	257.5	330.8	261	534.9	-733.6
Free Cash Flow Growth	6.41%	-22.16%	26.74%	-51.21%	-	-
Free Cash Flow Margin	68.37%	57.45%	70.34%	54.42%	86.37%	-249.86%
Free Cash Flow Per Share	1.31	1.09	1.38	1.09	2.24	-3.28
Cash Interest Paid	12	12	10.3	17	17.8	4.3
Cash Income Tax Paid	67.3	68.1	63.5	140.8	1.8	3.4
Levered Free Cash Flow	264.65	206.09	306.48	210.64	511.88	-772.94
Unlevered Free Cash Flow	272.39	213.8	313.6	221.18	522.8	-770.05
Change in Working Capital	-16.2	4.4	-0.6	-63.6	57.9	-21.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.