Stack Capital 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	38.36	15.99	-4.22	-0.85	-0.77
Loss (Gain) From Sale of Investments	-33.29	-10.44	0.85	1.94	-1.23
Stock-Based Compensation	0.57	0.23	0.2	0	-
Other Operating Activities	-41.97	-32.79	-1.88	-45.31	-34.09
Change in Accounts Payable	0.37	0.16	0.01	-0.26	0.64
Change in Other Net Operating Assets	7.24	0.54	0.07	-0.04	-0.08
Operating Cash Flow	-28.73	-26.32	-4.97	-44.51	-35.52
Issuance of Common Stock	33.2	15.5	-	-	136.22
Repurchase of Common Stock	-1.61	-0.42	-1.31	-0.48	-
Other Financing Activities	-	-	-	-	1.03
Financing Cash Flow	31.59	15.08	-1.31	-0.48	137.25
Foreign Exchange Rate Adjustments	0.03	0.53	-0.04	0.05	0.06
Net Cash Flow	2.89	-10.7	-6.32	-44.95	101.78
Levered Free Cash Flow	37.95	3.68	0.35	-4.65	-
Unlevered Free Cash Flow	37.95	3.68	0.35	-4.65	-
Change in Working Capital	7.62	0.69	0.08	-0.3	0.56

Source: S&P Capital IQ. Standard template. Financial Sources.