Topaz Energy 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	Jun '26 Jun 30, 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	174.82	128.74	105.66	47.64	99.36	27.56
Depreciation & Amortization	97.97	135.13	124.56	217.39	209.46	155.42
Stock-Based Compensation	7.28	7.34	5.36	3.2	1.48	1.98
Other Adjustments	43.86	41.55	43.74	18.07	23.47	5.98
Changes in Other Operating Activities	-2.7	-4	-3.05	14.27	-15.89	-25.92
Operating Cash Flow	321.22	308.76	276.27	300.58	317.88	165.02
Operating Cash Flow Growth	7.92%	11.76%	-8.09%	-5.44%	92.63%	97.29%
Capital Expenditures	-129.39	-130.7	-437.9	-54.54	-354.69	-922.1
Other Investing Activities	-0.07	-1.49	-2.09	2.58	0.59	0.69
Investing Cash Flow	-129.46	-132.19	-439.99	-51.96	-354.1	-921.4
Long-Term Debt Issued	20	31.5	148.32	-73.66	188	278.33
Long-Term Debt Repaid	-31	-	-	-	-	-
Net Long-Term Debt Issued (Repaid)	-11	31.5	148.32	-73.66	188	278.33
Issuance of Common Stock	5.28	1.95	212.03	4.82	6.58	384.93
Net Common Stock Issued (Repurchased)	5.28	1.95	212.03	4.82	6.58	384.93
Common Dividends Paid	-211.41	-207.69	-191.17	-176.32	-157.29	-108.74
Other Financing Activities	-4.7	-1.9	-8.77	-	-1.07	-18.33
Financing Cash Flow	-190.84	-176.14	160.41	-245.16	36.22	536.2
Net Cash Flow	0.93	0.43	-3.31	3.46	0	-220.19
Free Cash Flow	191.84	178.06	-161.63	246.04	-36.81	-757.08
Free Cash Flow Growth	-	-	-	-	-	-
FCF Margin	51.01%	49.76%	-51.24%	73.50%	-10.01%	-368.07%
Free Cash Flow Per Share	1.24	1.15	-1.10	1.69	-0.26	-6.09
Levered Free Cash Flow	129.7	160.67	-62.41	151.11	126.24	-486.7
Unlevered Free Cash Flow	190.67	149.49	-189.62	245.46	-50.65	-762.24