Kelt Exploration Ltd.

KEL.TOTSXEnergy● Active

$9.99

+$0.27(+2.78%)

Market Cap$2.0B

P/E Ratio—

52W High$10.4

52W Low$5.96

Avg Volume687K

Open$9.78

Beta0.33

Free Cash Flow Financials Revenue

Kelt Exploration Ltd. (KEL.TO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

KEL.TO · free cash flow · updated Jun 9, 2026

Core FCF metrics

KEL.TO · FCF · TTM · margin & CAGR

Free cash flow was −$49.2M for FY2025 (fiscal year ending 2025-12-31), up 60.4% year-over-year The FCF margin was -10.5%.

FY2025 Free Cash Flow−$49.2M▲ +60.4% YoY

Trailing 12M (TTM)−$70.7Mtrailing 4 quarters sum

FCF Margin-10.5%−$49.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

KEL.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$264.3M(313M)−$49.2M▲ +60.4%-10.5%

FY2024$209.1M(333M)−$124.0M▼ 19782.9%-26.5%

FY2023$283.2M(283M)$630,000▲ +105.5%0.1%

FY2022$306.0M(318M)−$11.6M▲ +81.5%-1.9%

FY2021$159.7M(222M)−$62.6M▲ +32.5%-19.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

KEL.TO · P/FCF · FCF yield · FCF per share

Kelt Exploration Ltd. (KEL.TO) reported negative free cash flow of −$0.05B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

KEL.TO · cash flow statement · operating / investing / financing

For FY2025, Kelt Exploration Ltd. generated $264.3M in operating cash flow and spent 313M in capital expenditures, yielding −$49.2M in free cash flow.

Operating Activities

+$264.3M

Cash from core business operations

2025-12-31

Investing Activities

−$340.6M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$76.2M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($264.3M) − |CapEx| (313M) = FCF (−$49.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

KEL.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Kelt Exploration Ltd.YOU

KEL.TO

−$49.2M+60.4%-10.5%

Loss

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Kelt Exploration Ltd. (KEL.TO) reported free cash flow of −$49.2M for FY2025 (fiscal year ending 2025-12-31), up 60.4% year-over-year. The FCF margin was -10.5%.

Based on available data, Kelt Exploration Ltd. has maintained positive free cash flow for at least 1 fiscal year(s). FCF peaked at $630,000 in FY2023.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

KEL.TO free cash flow · 8 questions

Kelt Exploration Ltd. free cash flow was −$49.2M for FY2025, up 60.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$70.7M.

KEL.TO free cash flowKEL.TO FCFKEL.TO FCF 2025KEL.TO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Kelt Exploration Ltd. · Kelt Exploration Ltd. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026