Saturn Oil & Gas 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	2015 - 2019
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	2015 - 2019
Net Income	110.02	54.11	290.62	74.82	-65.06	-7.76	Upgrade
Depreciation & Amortization	295.6	229.03	148.91	46.04	16.23	4.52	Upgrade
Stock-Based Compensation	10.53	10.35	7.55	0.54	0.45	0.69	Upgrade
Other Operating Activities	39.74	55.32	-184.08	-4.54	73.82	5.9	Upgrade
Change in Other Net Operating Assets	16.61	-36.87	20.99	-14.54	-26.72	-2.5	Upgrade
Operating Cash Flow	472.49	311.94	283.99	102.31	-1.29	0.85	Upgrade
Operating Cash Flow Growth	59.54%	9.84%	177.56%	-	-	-90.73%	Upgrade
Capital Expenditures	186.16	-246.32	-130.57	-89.11	-8.69	-1.13	Upgrade
Cash Acquisitions	-564.41	-564.41	-466.66	-248.37	-82.3	-	Upgrade
Divestitures	-0.58	25.13	-	-	-	-	Upgrade
Other Investing Activities	-5.19	36.06	20.83	19.23	3.14	-0.23	Upgrade
Investing Cash Flow	-384.01	-749.53	-576.41	-318.24	-87.86	-1.35	Upgrade
Long-Term Debt Issued	-	874.34	361.4	229.97	84.06	0.99	Upgrade
Total Debt Issued	-16.35	874.34	361.4	229.97	84.06	0.99	Upgrade
Long-Term Debt Repaid	-	-513.86	-170.04	-95.12	-19.89	-0.55	Upgrade
Total Debt Repaid	-127.35	-513.86	-170.04	-95.12	-19.89	-0.55	Upgrade
Net Debt Issued (Repaid)	-143.71	360.49	191.37	134.85	64.18	0.44	Upgrade
Issuance of Common Stock	-	150.24	125	96.94	32.25	-	Upgrade
Repurchase of Common Stock	-36.08	-15.77	-	-	-	-	Upgrade
Other Financing Activities	12.39	-35.4	-7.75	-8.03	-5.44	-0.47	Upgrade
Financing Cash Flow	-167.39	459.55	308.62	223.77	90.99	-0.04	Upgrade
Net Cash Flow	-78.92	21.96	16.2	7.84	1.85	-0.54	Upgrade
Free Cash Flow	658.65	65.62	153.42	13.21	-9.98	-0.28	Upgrade
Free Cash Flow Growth	2399.14%	-57.23%	1061.44%	-	-	-	Upgrade
Free Cash Flow Margin	72.37%	8.13%	24.55%	3.92%	-10.14%	-3.87%	Upgrade
Free Cash Flow Per Share	3.21	0.35	1.19	0.29	-0.52	-0.02	Upgrade
Levered Free Cash Flow	573	53.88	143.69	15.99	-1.94	-4.35	Upgrade
Unlevered Free Cash Flow	635.24	112.32	203.11	37.14	6.81	2.01	Upgrade
Change in Working Capital	16.61	-36.87	20.99	-14.54	-26.72	-2.5	Upgrade

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