Serrano Resources Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	-0.05	-0.04	-0.05	-0.05	-0.05	-0.04	Upgrade
Other Operating Activities	-	-	-	-	0	0	Upgrade
Change in Accounts Receivable	0	-0	0	-0	0	0	Upgrade
Change in Accounts Payable	0.05	0.04	0.05	0.05	0.04	0.04	Upgrade
Operating Cash Flow	-0	0	0	-0	-0.01	0	Upgrade
Operating Cash Flow Growth	-	18.83%	-	-	-	-45.38%	Upgrade
Net Cash Flow	-0	0	0	-0	-0.01	0	Upgrade
Levered Free Cash Flow	0.03	0.02	0.03	0.03	0.02	0.03	Upgrade
Unlevered Free Cash Flow	0.03	0.02	0.03	0.03	0.02	0.03	Upgrade
Change in Working Capital	0.05	0.04	0.05	0.05	0.04	0.05	Upgrade

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