Zephyr Minerals 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	2020 - 2016
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 - 2016
Net Income	-0.23	-0.18	-2.08	-0.77	-0.63	Upgrade
Depreciation & Amortization	-	-	1.51	0.08	-	Upgrade
Stock-Based Compensation	0.1	0.01	0.09	0.18	0.27	Upgrade
Change in Accounts Receivable	0.01	0.01	-0	0.03	-0.02	Upgrade
Change in Accounts Payable	0.02	0.03	0.01	-0.04	0.05	Upgrade
Change in Other Net Operating Assets	0	-0	0.01	0.03	-0	Upgrade
Operating Cash Flow	-0.11	-0.14	-0.47	-0.5	-0.32	Upgrade
Capital Expenditures	-0.29	-0.07	-0.16	-0.15	-0.43	Upgrade
Sale of Property, Plant & Equipment	0.02	-	-	0.04	-	Upgrade
Other Investing Activities	-0.04	-	-	-	-	Upgrade
Investing Cash Flow	-0.31	-0.07	-0.16	-0.11	-0.43	Upgrade
Short-Term Debt Issued	0.07	-	-	-	-	Upgrade
Total Debt Issued	0.07	-	-	-	-	Upgrade
Short-Term Debt Repaid	-0.07	-	-	-	-	Upgrade
Total Debt Repaid	-0.07	-	-	-	-	Upgrade
Issuance of Common Stock	0.36	0.2	0.36	0.32	0.05	Upgrade
Other Financing Activities	-	-0.01	-0.02	-0.02	-	Upgrade
Financing Cash Flow	0.36	0.19	0.34	0.3	0.05	Upgrade
Net Cash Flow	-0.05	-0.02	-0.29	-0.31	-0.71	Upgrade
Free Cash Flow	-0.39	-0.21	-0.62	-0.65	-0.76	Upgrade
Free Cash Flow Per Share	-0.01	-0.00	-0.01	-0.01	-0.01	Upgrade
Levered Free Cash Flow	-0.28	-0.12	0.2	-0.26	-0.48	Upgrade
Unlevered Free Cash Flow	-0.28	-0.12	0.2	-0.26	-0.48	Upgrade
Change in Working Capital	0.03	0.03	0.01	0.01	0.03	Upgrade

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