Electra Battery Materials 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	-92.64	-133.47	-29.45	-64.67	12.55	-34.92
Depreciation & Amortization	0.31	0.3	0.5	0.06	0.05	0
Asset Writedown & Restructuring Costs	-	-	-	51.88	-1.34	-
Loss (Gain) From Sale of Investments	-	-0.01	-0.35	0.16	0.81	2.72
Stock-Based Compensation	2.4	1.71	1.77	1.82	1.4	0.76
Other Operating Activities	71.5	112.18	16.2	-2.92	-28.18	14.34
Change in Accounts Receivable	0.04	0.64	-0.23	1.85	-2.12	-0.59
Change in Accounts Payable	1.27	2.24	-5.25	-11.48	-0.13	-0.22
Change in Unearned Revenue	0.64	0.64	-	-	-	-
Change in Other Net Operating Assets	-3.34	-0.14	-0.2	0.25	1.13	1.02
Operating Cash Flow	-19.81	-15.91	-17.01	-23.05	-15.85	-16.88
Capital Expenditures	-7.67	-4.49	-0.56	-13.71	-47.62	-2.1
Sale of Property, Plant & Equipment	-	-	-	-	-	0.5
Investment in Securities	0	0.02	0.93	0.82	0.53	0.15
Other Investing Activities	-	-	0.89	-1.16	3.54	-6.63
Investing Cash Flow	-7.67	-4.48	1.26	-14.05	-43.55	-8.08
Short-Term Debt Issued	-	2.78	-	-	-	-
Long-Term Debt Issued	-	-	10.72	68.7	3.9	54.25
Total Debt Issued	11.53	2.78	10.72	68.7	3.9	54.25
Short-Term Debt Repaid	-	-2.78	-	-	-	-
Long-Term Debt Repaid	-	-0.08	-0.04	-48.08	-	-
Total Debt Repaid	-2.85	-2.86	-0.04	-48.08	-	-
Net Debt Issued (Repaid)	8.68	-0.08	10.68	20.62	3.9	54.25
Issuance of Common Stock	58.36	58.36	1.4	21.54	7.85	26.39
Other Financing Activities	-2.58	-2.58	-0.18	-5.62	-3.27	-1.76
Financing Cash Flow	64.45	55.7	11.9	36.54	8.48	78.88
Foreign Exchange Rate Adjustments	-0.03	-0	0.01	0.16	0.24	0.52
Net Cash Flow	36.94	35.31	-3.84	-0.39	-50.67	54.45
Free Cash Flow	-27.49	-20.4	-17.57	-36.75	-63.47	-18.97
Free Cash Flow Per Share	-0.51	-0.64	-1.23	-3.38	-6.23	-2.73
Cash Interest Paid	-	-	-	1.66	3.18	-
Levered Free Cash Flow	20.39	61.22	-18.65	-35.03	-35.88	-6.3
Unlevered Free Cash Flow	27.09	67.92	-14.1	-29.94	-35.88	-6.18
Change in Working Capital	-1.38	3.38	-5.68	-9.38	-1.13	0.22

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