TSX:TWM 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	-103.2	-113.3	-18.8	-399.2	18.9	73.9
Depreciation & Amortization	63.4	63.6	90.5	96.8	84.4	81.8
Stock-Based Compensation	4.1	3.8	0.7	6.3	4.3	0.1
Other Adjustments	82.6	34.4	28.1	396.3	115.5	32.2
Change in Receivables	-	19.3	-11.3	-	-	-
Changes in Inventories	-	35.5	-11.8	-	-	-
Changes in Accounts Payable	-	25.9	-117.1	-	-	-
Changes in Other Operating Activities	35.3	56.7	-127.8	37.3	19.8	-61.3
Operating Cash Flow	78	57.2	-33.5	137.5	242.9	126.7
Operating Cash Flow Growth	-	-	-	-43.39%	91.71%	-38.37%
Capital Expenditures	-22.1	-22.6	-44.9	-292.6	-349.3	-116.8
Sale of Property, Plant & Equipment	5.8	37.9	353.2	336.7	14.7	139.2
Payments for Business Acquisitions	-1.2	-1.2	-	-	-10.5	-2.2
Other Investing Activities	3.4	-18.1	-55.4	-29.8	65.5	-0.4
Investing Cash Flow	-14.1	5.7	293.4	14.3	-279.6	19.8
Long-Term Debt Issued	20.8	-	95.4	25	191.2	-170
Long-Term Debt Repaid	-15.1	-6	-266.3	-48.8	-125	-
Net Long-Term Debt Issued (Repaid)	5.7	-6	-170.9	-23.8	66.2	-170
Issuance of Common Stock	-	-	1	-0.1	87	-0.4
Net Common Stock Issued (Repurchased)	-	-	1	-0.1	87	-0.4
Common Dividends Paid	-	-	-	-17	-14.5	-13.6
Other Financing Activities	-55.3	-52.2	-85.9	-127.8	-100.8	43.4
Financing Cash Flow	-64	-61.9	-259.9	-168.7	37.9	-140.6
Net Cash Flow	-0.1	1	0	-16.9	1.2	5.9
Free Cash Flow	55.9	34.6	-78.4	-155.1	-106.4	9.9
Free Cash Flow Growth	61.56%	-	-	-	-	-92.64%
FCF Margin	4.01%	2.62%	-4.78%	-7.02%	-3.70%	0.58%
Free Cash Flow Per Share	2.58	1.60	-3.65	-7.29	-5.59	0.48
Levered Free Cash Flow	-25.2	40.9	-408.6	-568.2	-170.4	-194.8
Unlevered Free Cash Flow	80.27	108.45	-143.27	-164.73	-176.2	-55.19

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.