TVA Group 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	30.82	14.79	-19.34	-47.89	-8.89	30.49
Depreciation & Amortization	21.53	21.99	22.51	27.7	29.95	32.11
Other Adjustments	5.9	37.37	11.8	-28.02	-2.19	62.02
Changes in Other Operating Activities	47.8	26.27	59.5	-44.68	9.18	-19.42
Operating Cash Flow	106.04	63.34	66.98	-68.78	28.05	42.89
Operating Cash Flow Growth	198.15%	-5.44%	-	-	-34.58%	13.10%
Capital Expenditures	-7.48	-11.69	-16.91	-2.16	-20.24	-17.15
Sale of Property, Plant & Equipment	4.31	2.31	2.92	-	-	-
Purchases of Intangible Assets	-1.24	-1.61	-4.31	-0.96	-1.11	-2.79
Payments for Business Acquisitions	-	-	-	-	-6.32	-0.61
Other Investing Activities	0.27	0.59	0.27	0.27	-0.88	0.27
Investing Cash Flow	-4.15	-10.39	-18.03	-2.84	-28.55	-20.27
Other Financing Activities	-75.18	-39.67	-48.96	71.63	-4.68	-20.27
Financing Cash Flow	-75.18	-39.67	-48.96	71.63	-4.68	-20.27
Net Cash Flow	26.71	13.28	0	0	-5.18	2.34
Free Cash Flow	98.56	51.65	50.08	-70.94	7.82	25.74
Free Cash Flow Growth	90.81%	3.14%	-	-	-69.62%	5.29%
FCF Margin	18.29%	9.55%	9.41%	-13.01%	1.32%	4.13%
Free Cash Flow Per Share	2.28	1.20	1.16	-1.64	0.00	0.00
Levered Free Cash Flow	119.51	50.93	45.01	-67.53	10.01	26.03
Unlevered Free Cash Flow	115.13	52.15	49.07	-23.24	33.56	75.82

Updated May 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.