Empress Royalty Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
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	2020 - 2019
Net Income	7.44	1.01	-2.93	-3.38	-3.2	Upgrade
Depreciation & Amortization	2.04	1.61	1.18	0.73	0.07	Upgrade
Asset Writedown & Restructuring Costs	-	-	0.73	-	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-	0.04	Upgrade
Stock-Based Compensation	1.06	0.42	0.62	0.74	0.77	Upgrade
Other Operating Activities	0.52	1.56	0.89	1.4	0.02	Upgrade
Change in Accounts Receivable	-2.5	-1.29	-0.5	-0.18	-0	Upgrade
Change in Accounts Payable	0.45	0.2	0.35	-0.28	0.17	Upgrade
Change in Other Net Operating Assets	-5.25	0.03	-0.13	0.02	-0	Upgrade
Operating Cash Flow	3.74	3.54	0.21	-0.94	-2.13	Upgrade
Operating Cash Flow Growth	5.67%	1565.55%	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-5	-	-1	-15.08	Upgrade
Investment in Securities	-	-	-	-	0.1	Upgrade
Investing Cash Flow	-	-5	-	-1	-14.97	Upgrade
Long-Term Debt Issued	-	5	3.44	-	-	Upgrade
Total Debt Issued	-	5	3.44	-	3.3	Upgrade
Long-Term Debt Repaid	-3.55	-3.46	-3.99	-1.37	-	Upgrade
Net Debt Issued (Repaid)	-3.55	1.54	-0.55	-1.37	3.3	Upgrade
Issuance of Common Stock	2.12	-	0.98	1.98	15.29	Upgrade
Other Financing Activities	-	-0.31	-0.17	-	-0.94	Upgrade
Financing Cash Flow	-1.43	1.23	0.27	0.61	17.64	Upgrade
Foreign Exchange Rate Adjustments	-0.05	0.01	-0.01	0.01	0.18	Upgrade
Net Cash Flow	2.27	-0.22	0.46	-1.32	0.71	Upgrade
Cash Interest Paid	0.61	0.94	0.49	0.57	-	Upgrade
Levered Free Cash Flow	-3.7	-3.5	0.12	-2.09	-	Upgrade
Unlevered Free Cash Flow	-2.98	-2.62	0.97	-1.21	-	Upgrade
Change in Working Capital	-7.31	-1.06	-0.28	-0.44	0.16	Upgrade

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