| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (13.9) | 72.1 | 209.2 | 131.9 | 149.4 | 91.8 | −38.6% | |
| Depreciation & amortization | 89.1 | 88.1 | 102.7 | 96.8 | 101.4 | 108.5 | +7.0% | |
| Stock-based compensation | 1.7 | 8.1 | 9.1 | 3.4 | 3.2 | 0.0 | −100.0% | |
| Change in working capital | (7.1) | (27.6) | 10.9 | (22.7) | (7.6) | 0.8 | +110.5% | |
| Operating cash flow | 65.8 | 162.0 | 327.3 | 216.9 | 223.3 | 235.4 | +5.4% | |
| Capital expenditure | (7.1) | (377.0) | (190.8) | (10.6) | (411.7) | (44.1) | +89.3% | |
| Acquisitions | (2.3) | 0.0 | 0.0 | 0.0 | 0.0 | 2.3 | — | |
| Investing cash flow | (9.6) | (376.6) | (191.2) | (21.2) | (400.4) | (42.1) | +89.5% | |
| Dividends paid | (39.2) | (62.0) | (141.6) | (162.7) | (162.7) | (177.1) | −8.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (16.0) | 52.8 | 3.7 | (33.5) | 174.5 | (15.0) | −108.6% | |
| Financing cash flow | (56.4) | 215.8 | (138.1) | (196.2) | 177.0 | (193.3) | −209.2% | |
| Free cash flow | 58.7 | (215.0) | 136.6 | 206.3 | (188.4) | 191.2 | +201.5% | |
| Net change in cash | (0.2) | 1.2 | (1.7) | (0.5) | 0.0 | 0.0 | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
