Greenfire Resources (GFR) Cash Flow: Operating & Free Cash Flow

Greenfire Resources 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 Greenfire Resources Ltd. (GFR) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Operating Activities
Net Income	46.65	121.41	-135.67	131.70	661.44	-0.36
Depreciation & Amortization	0.00	95.28	67.89	67.87	28.29	0.00
Deferred Income Tax	0.00	-84.88	19.39	-87.68	0.00	0.00
Stock Based Compensation	0.00	6.34	9.81	1.18	0.00	0.00
Change in Working Capital	-5.09	-19.64	25.51	3.57	-6.91	0.00
Change in Other Working Capital	-5.09	-19.64	25.51	3.57	-6.91	0.00
Other Operating Activities	92.45	26.03	119.01	-39.59	-650.84	0.36
Net Cash from Operating Activities	134.00	144.55	86.55	164.73	31.99	0.00
Investing Activities
Capital Expenditures	-109.75	-87.40	-33.43	-39.59	-4.59	0.00
Acquisitions	0.00	-4.39	0.00	0.00	-359.54	0.00
Purchases of Investments	0.00	0.00	0.00	0.00	-383.25	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	383.25	0.00
Other Investing Activities	11.34	-2.61	21.33	-24.15	27.60	0.00
Net Cash from Investing Activities	-98.42	-94.41	-12.10	-63.75	-336.53	0.00
Financing Activities
Debt Repayment	-323.39	-91.21	-294.65	-123.61	365.59	0.00
Common Stock Issued	289.86	0.00	67.12	0.00	0.02	0.00
Common Stock Repurchased	0.00	0.00	-41.46	0.00	0.00	0.00
Dividends Paid	0.00	0.00	-59.39	0.00	0.00	0.00
Other Financing Activities	-23.60	-4.21	-34.82	-0.03	0.00	0.00
Net Cash from Financing Activities	-57.13	-95.43	0.00	-123.64	365.61	0.00
Summary
Effect of Forex Changes on Cash	-0.76	3.18	-0.29	-2.85	-0.19	0.00
Net Change in Cash	-22.31	-42.11	74.16	-25.51	60.87	0.00
Cash at Beginning of Period	64.32	109.53	35.36	60.87	0.00	0.00
Cash at End of Period	42.02	67.42	109.53	35.36	60.87	0.00
Free Cash Flow	24.25	57.14	53.12	125.14	27.39	0.00
Supplemental Disclosures
Interest Paid	51.33	49.71	39.96	51.13	1.93	-

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

Frequently Asked Questions About Greenfire Resources Cash Flow

What is Greenfire Resources's free cash flow?

Greenfire Resources generated free cash flow of CAD 24.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of CAD 134.00M minus CAD 109.75M of capital expenditures. That was down 57.6% from CAD 57.14M a year earlier. Free cash flow equaled 4.1% of revenue.

How much does Greenfire Resources spend on capital expenditures?

Greenfire Resources spent CAD 109.75M on capital expenditures in fiscal 2025, compared with CAD 87.40M a year earlier. That equals 81.9% of operating cash flow.

Does Greenfire Resources pay dividends or buy back shares?

Greenfire Resources'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. Full definition