What is enCore Energy's free cash flow?

enCore Energy had negative free cash flow of CAD 44.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −CAD 24.99M minus CAD 20.00M of capital expenditures.

How much does enCore Energy spend on capital expenditures?

enCore Energy spent CAD 20.00M on capital expenditures in fiscal 2025, compared with CAD 20.74M a year earlier.

Does enCore Energy pay dividends or buy back shares?

enCore Energy's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment.

enCore Energy (EU) Cash Flow: Operating & Free Cash Flow

enCore Energy Cash Flow Statement Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for enCore Energy Corp. (EU) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Operating Activities
Net Income	-63.02	-67.99	-25.61	-22.19	-23.16	-8.56	-10.82	-1.74	-1.74	-1.37	-0.40	-0.23
Depreciation & Amortization	5.38	4.60	5.66	0.51	0.74	0.30	0.38	0.02	0.02	0.03	0.00	0.00
Deferred Income Tax	-0.60	0.00	0.00	0.00	-	0.00	-	0.05	-	-0.47	0.00	0.00
Stock Based Compensation	4.20	4.79	3.46	7.72	4.94	1.43	1.43	0.85	0.85	0.40	0.04	0.02
Change in Working Capital	16.36	-9.93	3.27	-76.57	-4.95	5.72	5.72	-0.31	-0.24	0.07	0.12	0.03
Change in Accounts Receivable	3.52	-0.01	0.36	-1.25	-0.62	-0.20	-0.26	-0.09	-0.07	-0.02	0.03	-0.03
Change in Inventory	11.11	-7.58	2.99	1.25	-0.34	0.00	-	0.09	-	0.02	0.00	0.00
Change in Accounts Payable	4.45	4.08	0.68	-4.91	-4.24	5.92	7.48	0.02	0.02	0.02	0.00	-0.02
Change in Other Working Capital	-2.72	-6.42	7.98	-71.66	0.26	0.00	0.01	-0.33	-0.19	0.05	0.08	0.08
Other Operating Activities	12.69	23.33	7.98	-2.45	2.73	-2.85	-3.60	-0.32	-0.06	0.47	0.00	-0.06
Net Cash from Operating Activities	-24.99	-45.20	-22.99	-92.98	-20.31	-3.97	-3.97	-1.45	-1.14	-0.88	-0.24	-0.24
Investing Activities
Capital Expenditures	-20.00	-20.74	-7.73	-14.64	-5.28	-2.68	-2.66	-0.31	-0.24	-0.31	-0.36	-0.42
Acquisitions	0.00	0.00	-52.21	-8.07	-6.01	1.86	-4.11	-1.79	-0.34	0.00	-0.01	-0.11
Purchases of Investments	-34.40	-9.80	0.00	0.00	-	0.00	-11.47	-0.75	-0.59	0.00	-0.11	0.00
Sales/Maturities of Investments	20.76	0.55	0.00	5.70	-0.06	6.98	8.82	0.75	-0.07	0.00	0.00	0.00
Other Investing Activities	-12.60	-9.39	-4.68	0.60	-	-14.59	0.01	0.44	-0.06	0.00	0.00	0.00
Net Cash from Investing Activities	-46.22	-29.99	-64.62	-16.41	-11.30	-6.05	-6.05	-1.66	-1.31	-0.31	-0.48	-0.54
Financing Activities
Debt Repayment	82.89	0.00	-40.00	-0.14	-	-0.04	-0.04	0.00	-	0.00	0.00	0.00
Common Stock Issued	1.57	39.24	25.56	30.98	79.21	11.97	18.82	3.76	5.68	2.05	0.09	1.91
Other Financing Activities	0.28	68.18	44.81	69.87	0.93	2.16	-0.76	3.18	-0.23	0.99	0.00	0.33
Net Cash from Financing Activities	84.74	107.42	45.90	100.71	75.96	14.09	14.09	6.94	5.45	3.04	0.08	2.24
Summary
Effect of Forex Changes on Cash	-0.19	0.06	-0.21	-0.28	-0.97	-0.06	-0.08	-0.01	-	0.00	0.01	0.00
Net Change in Cash	13.34	32.28	-41.70	-8.97	43.38	4.01	4.01	3.82	2.99	1.86	-0.64	1.47
Cash at Beginning of Period	47.45	15.17	57.08	12.35	13.71	5.18	5.18	2.79	-	0.93	1.56	0.10
Cash at End of Period	60.79	47.45	15.17	3.38	57.08	9.19	9.19	6.60	-	2.79	0.93	1.56
Free Cash Flow	-44.99	-65.94	-30.71	-107.62	-25.59	-6.64	-6.62	-1.76	-1.38	-1.18	-0.61	-0.66
Supplemental Disclosures
Interest Paid	-	-	-	-	1.72	-	-	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

enCore Energy (EU) Cash Flow Statement

enCore Energy Cash Flow Statement Analysis

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