Osisko Development 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	-169.01	-86.34	-181.87	-192.46	-133.3
Depreciation & Amortization	6.28	7.81	172.01	151.57	2.51
Asset Writedown & Restructuring Costs	28.11	5.74	11.49	-	121.59
Loss (Gain) From Sale of Investments	-1.09	-0.37	0.01	-11.37	-1.2
Loss (Gain) on Equity Investments	-0.11	0.87	0.6	0.64	1.7
Stock-Based Compensation	4	3.41	7.86	7.44	4.07
Other Operating Activities	111.28	26.54	-58.64	3.94	-17.21
Change in Accounts Receivable	-6.78	1.58	8.29	7.4	0.56
Change in Inventory	2.57	0.67	-2.03	3.16	-13.08
Change in Accounts Payable	-2.73	-2.96	-3.29	-12.44	-2.27
Change in Other Net Operating Assets	-0.38	-0.2	1.78	-8.13	-4.8
Operating Cash Flow	-25	-52.31	-43.79	-50.26	-41.41
Capital Expenditures	-103.18	-45.68	-72.27	-86.28	-188.28
Sale of Property, Plant & Equipment	0.53	4.99	-	-	-
Cash Acquisitions	-	-	-0.33	-67.43	-
Investment in Securities	-0.13	2.63	4.24	22.37	31.76
Other Investing Activities	-0.01	2.83	2.31	-14.58	-0.46
Investing Cash Flow	-102.79	-35.24	-66.06	-145.92	-156.98
Long-Term Debt Issued	141.7	66.79	6.64	17.77	4.01
Long-Term Debt Repaid	-38.71	-43.85	-6.9	-11.81	-6
Net Debt Issued (Repaid)	102.99	22.94	-0.26	5.97	-1.98
Issuance of Common Stock	366.52	126.96	51.9	255.86	39.76
Repurchase of Common Stock	-1.07	-0.18	-0.36	-	-
Other Financing Activities	-21.59	-4.25	-3.49	-7.3	-3.04
Financing Cash Flow	446.84	145.47	47.79	254.53	34.74
Foreign Exchange Rate Adjustments	-3.34	5.27	-0.43	14.18	-0.36
Miscellaneous Cash Flow Adjustments	-0.08	-	-	-	-
Net Cash Flow	315.63	63.2	-62.49	72.54	-164.02
Free Cash Flow	-128.18	-97.99	-116.06	-136.54	-229.7
Free Cash Flow Margin	-361.29%	-2148.84%	-366.98%	-213.19%	-2998.28%
Free Cash Flow Per Share	-0.72	-1.04	-1.41	-2.14	-5.21
Levered Free Cash Flow	49.74	-8.24	-35.14	-67.55	-284.38
Unlevered Free Cash Flow	53.91	-2.74	-26.78	-63.95	-284.38
Change in Working Capital	-7.32	-0.9	4.76	-10.01	-19.59

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.