Dolly Varden Silver 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	-31.74	-20.65	-26.65	-19.27	-8.2	Upgrade
Depreciation & Amortization	0.04	0.05	0.05	0.06	0.04	Upgrade
Loss (Gain) From Sale of Assets	0.01	-	-	-	-	Upgrade
Stock-Based Compensation	2.18	2.6	1.97	1.78	1.26	Upgrade
Other Operating Activities	-4.25	-4.3	-3.65	-2.4	-1.02	Upgrade
Change in Accounts Receivable	-	-	-0.83	-0.04	0	Upgrade
Change in Accounts Payable	2.78	0.12	0.36	0.25	-0.03	Upgrade
Change in Other Net Operating Assets	-1.29	1.04	-0.23	-0.04	-0.12	Upgrade
Operating Cash Flow	-32.28	-21.14	-28.99	-19.66	-8.08	Upgrade
Capital Expenditures	-0.24	-0.17	-0.01	-6.24	-0.2	Upgrade
Investment in Securities	2.12	-2.12	-	-	-	Upgrade
Investing Cash Flow	1.88	-2.29	-0.01	-6.24	-0.2	Upgrade
Issuance of Common Stock	63.41	48.52	10.56	41.34	0.12	Upgrade
Other Financing Activities	-3.99	-3.01	-0.07	-2.42	-	Upgrade
Financing Cash Flow	59.42	45.51	10.49	38.92	0.12	Upgrade
Net Cash Flow	29.02	22.08	-18.51	13.02	-8.17	Upgrade
Free Cash Flow	-32.52	-21.32	-29	-25.9	-8.28	Upgrade
Free Cash Flow Per Share	-0.39	-0.29	-0.45	-0.48	-0.25	Upgrade
Levered Free Cash Flow	-15.65	-8.98	-21.51	-14.35	-5.87	Upgrade
Unlevered Free Cash Flow	-15.65	-8.98	-21.51	-14.35	-5.87	Upgrade
Change in Working Capital	1.49	1.16	-0.71	0.18	-0.16	Upgrade

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