TVA Group Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	14.79	-19.34	-47.89	-8.89	30.49
Depreciation & Amortization	21.99	22.51	27.7	29.95	32.11
Other Adjustments	0.3	4.31	-28.02	-2.19	62.02
Changes in Other Operating Activities	26.27	59.5	-44.68	9.18	-19.42
Operating Cash Flow	63.34	66.98	-68.78	28.05	42.89
Operating Cash Flow Growth	-5.44%	-	-	-34.58%	13.10%
Capital Expenditures	-11.69	-16.91	-2.16	-20.24	-17.15
Sale of Property, Plant & Equipment	2.31	2.92	-	-	-
Purchases of Intangible Assets	-1.61	-4.31	-0.96	-1.11	-2.79
Payments for Business Acquisitions	-	-	-	-6.32	-0.61
Other Investing Activities	0.59	0.27	0.27	-0.88	0.27
Investing Cash Flow	-10.39	-18.03	-2.84	-28.55	-20.27
Other Financing Activities	-39.67	-48.96	71.63	-4.68	-20.27
Financing Cash Flow	-39.67	-48.96	71.63	-4.68	-20.27
Net Cash Flow	13.28	-	-	-5.18	2.34
Free Cash Flow	51.65	50.08	-70.94	7.82	25.74
Free Cash Flow Growth	3.14%	-	-	-69.62%	5.29%
FCF Margin	9.55%	9.41%	-13.01%	1.32%	4.13%
Free Cash Flow Per Share	1.20	1.16	-1.64	0.00	0.00
Levered Free Cash Flow	86.42	76.23	-67.53	10.01	26.03
Unlevered Free Cash Flow	86.42	76.23	-23.24	33.56	75.82

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.