| CAD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (35.6) | 152.2 | 390.7 | 292.6 | 280.6 | 418.6 | +49.2% | |
| Depreciation & amortization | 243.2 | 267.2 | 308.8 | 321.4 | 387.1 | 400.9 | +3.5% | |
| Stock-based compensation | 6.1 | 6.0 | 11.7 | 15.2 | 14.1 | 0.0 | −100.0% | |
| Change in working capital | (9.7) | (4.1) | (5.6) | (13.1) | (16.7) | 25.2 | +250.8% | |
| Operating cash flow | 203.3 | 458.1 | 812.0 | 644.9 | 670.4 | 857.5 | +27.9% | |
| Capital expenditure | (235.7) | (365.1) | (506.9) | (411.0) | (456.9) | (473.3) | −3.6% | |
| Acquisitions | 0.0 | (36.1) | (22.2) | (699.4) | 0.5 | 1.4 | +202.5% | |
| Investing cash flow | (232.6) | (351.4) | (516.9) | (1,146.9) | (432.2) | (452.5) | −4.7% | |
| Dividends paid | (16.5) | (15.0) | (102.2) | (226.4) | (257.9) | (264.3) | −2.5% | |
| Share buybacks | 0.0 | 93.7 | 185.1 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 48.6 | (106.8) | (211.4) | 542.6 | (48.0) | (176.0) | −266.7% | |
| Financing cash flow | 32.4 | (110.3) | (288.9) | 527.3 | (261.7) | (367.6) | −40.5% | |
| Free cash flow | (32.4) | 93.1 | 305.1 | 233.8 | 213.6 | 384.1 | +79.9% | |
| Net change in cash | 3.1 | (3.6) | 6.2 | 25.3 | (23.5) | 37.4 | +259.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
