Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2025

Supplemental Cash Flow Elements [Abstract]

The following table provides a reconciliation of cash, cash equivalents and restricted cash and cash equivalents with the Company’s consolidated balance sheet that sum to the total of such amounts shown in the consolidated statements of cash flows:


	As at December 31,
(Thousands of U.S. Dollars)	2025		2024		2023
Cash and cash equivalents	$	82,931	$	103,379	$	62,146
Restricted cash and cash equivalents - current(1)	—		1,142		1,142
Restricted cash and cash equivalents - long-term (1)	9,735		6,816		7,750
	$	92,666	$	111,337	$	71,038

(1) The current portion of restricted cash and cash equivalents is included in other current assets and long-term portion of restricted cash and cash equivalents is included in other long-term assets on the Company's balance sheet.

Net changes in assets and liabilities from operating activities were as follows:


	Year Ended December 31,
(Thousands of U.S. Dollars)	2025		2024		2023
Accounts receivable and other long-term assets	$	5,179	$	949	$	(1,628)
Derivatives	(574)		—		—
PEF	—		6,114		11,118
Oil prepayment proceeds	150,000		—		—
Prepaids and inventory	(1,583)		(11,987)		(9,557)
Accounts payable, accrued liabilities and other long-term liabilities	(2,374)		669		(1,276)
Taxes receivable and payable	(8,776)		20,333		(47,073)
Net changes in assets and liabilities from operating activities	$	141,872	$	16,078	$	(48,416)

Net changes in working capital from investing activities were as follows:


	Year Ended December 31,
(Thousands of U.S. Dollars)	2025		2024		2023
Additions to property, plant and equipment	$	(256,277)	$	(248,103)	$	(218,882)
(Decrease) increase in accounts payable and accrued liabilities	(19,621)		14,623		(7,628)
Increase in accounts receivable	29		(756)		(74)
	$	(275,869)	$	(234,236)	$	(226,584)

The following table provides additional supplemental cash flow disclosures:


	Year Ended December 31,
(Thousands of U.S. Dollars)	2025		2024		2023
Cash paid for income taxes

Foreign
Colombia	$	6,143	$	26,480	$	48,627
Ecuador	1,998		—		—
Canada	3,716		—		—


Other	—		296		696
	$	11,857	$	26,776	$	49,323

Cash paid for withholding taxes
Foreign
Colombia	$	23,274	$	35,421	$	52,397
Ecuador	978		—		—
	$	24,252	$	35,421	$	52,397

Cash paid for interest	$	74,388	$	60,650	$	43,755

Net liabilities related to property, plant and equipment, end of year	$	41,691	$	61,283	$	47,416

GRAN TIERRA ENERGY INC. 10-K