Pizza Pizza Royalty Corp. (TSX:PZA)

Pizza Pizza Royalty Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	30.98	31.34	30.97	30.98	27.55	23.92
Other Amortization	0.09	0.07	0.02	0.02	0.02	0.02
Other Operating Activities	0.37	0.39	0.38	0.7	0.86	0.93
Change in Accounts Receivable	0.07	0.07	0.22	-0.07	-0.22	0.02
Change in Accounts Payable	0.01	0.01	0.08	0.03	0.05	-0.01
Change in Income Taxes	0.2	0.2	-1.09	-0.18	0.99	0.09
Change in Other Net Operating Assets	-0.06	-0.12	0.21	-0.11	-0.26	-0.2
Operating Cash Flow	31.66	31.96	30.8	31.35	28.99	24.75
Operating Cash Flow Growth	-0.28%	3.77%	-1.77%	8.14%	17.11%	-1.72%
Investment in Securities	3	2	1	-	-2.5	-0.75
Investing Cash Flow	3	2	1	-	-2.5	-0.75
Common Dividends Paid	-34.08	-33.83	-33.52	-30.78	-27.21	-23.6
Other Financing Activities	-0.24	-0.32	-	-	-	-
Financing Cash Flow	-34.32	-34.15	-33.52	-30.78	-27.21	-23.6
Net Cash Flow	0.34	-0.2	-1.72	0.57	-0.72	0.41
Cash Interest Paid	1.53	1.53	1.02	1.29	1.46	1.34
Cash Income Tax Paid	6.64	6.64	7.93	7.18	5.16	5.1
Levered Free Cash Flow	24.02	24.21	23.07	23.8	22.37	18.78
Unlevered Free Cash Flow	25	25.14	23.86	24.58	23.18	19.61
Change in Working Capital	0.22	0.16	-0.57	-0.34	0.56	-0.12

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