Black Cat Syndicate Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2018 - 2020
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2018 - 2020
Net Income	-25.95	-3.81	-4.8	-3.9	-2.32	Upgrade
Depreciation & Amortization	21.37	1.45	0.17	0.08	0.03	Upgrade
Loss (Gain) From Sale of Assets	-	-	0.09	0	-0.01	Upgrade
Asset Writedown & Restructuring Costs	-	-	0.07	-	-	Upgrade
Stock-Based Compensation	4.68	0.67	0.83	0.4	0.42	Upgrade
Other Operating Activities	0.93	1.25	0.27	0.08	0.4	Upgrade
Change in Accounts Receivable	-7.22	-1.23	-0.36	-0.17	-0.03	Upgrade
Change in Inventory	-24.11	0.01	-	-0.35	-	Upgrade
Change in Accounts Payable	17.09	-2.77	0.15	0.43	0.12	Upgrade
Change in Other Net Operating Assets	0.44	2.37	0.2	0.11	0.11	Upgrade
Operating Cash Flow	-12.77	-2.06	-3.38	-3.3	-1.3	Upgrade
Capital Expenditures	-55.28	-17.32	-23.55	-27.78	-13.84	Upgrade
Sale of Property, Plant & Equipment	-	0.23	0.24	0	-	Upgrade
Cash Acquisitions	-	-5.48	-5	-	-	Upgrade
Investment in Securities	-52.84	-	-	-0.02	-0.04	Upgrade
Other Investing Activities	-	-	0.12	-	-	Upgrade
Investing Cash Flow	-108.11	-22.57	-28.18	-27.8	-13.88	Upgrade
Short-Term Debt Issued	1	-	-	-	-	Upgrade
Long-Term Debt Issued	-	9	0.73	-	-	Upgrade
Total Debt Issued	1	9	0.73	-	-	Upgrade
Short-Term Debt Repaid	-1	-	-	-	-	Upgrade
Long-Term Debt Repaid	-13.22	-0.18	-0.67	-0.26	-0.01	Upgrade
Total Debt Repaid	-14.22	-0.18	-0.67	-0.26	-0.01	Upgrade
Net Debt Issued (Repaid)	-13.22	8.82	0.07	-0.26	-0.01	Upgrade
Issuance of Common Stock	164.64	27.02	18.79	35.22	30.41	Upgrade
Other Financing Activities	-10.4	-1.89	-0.8	-1.74	-2.03	Upgrade
Financing Cash Flow	141.01	33.95	18.05	33.22	28.37	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	0.01	-0.01	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0	Upgrade
Net Cash Flow	20.13	9.32	-13.52	2.12	13.18	Upgrade
Free Cash Flow	-68.04	-19.38	-26.93	-31.08	-15.14	Upgrade
Free Cash Flow Margin	-177.90%	-420.41%	-1507.95%	-22820.07%	-	Upgrade
Free Cash Flow Per Share	-0.12	-0.06	-0.11	-0.21	-0.13	Upgrade
Levered Free Cash Flow	-37.46	-21.62	-32.91	-13.79	-14.07	Upgrade
Unlevered Free Cash Flow	-36.35	-20.55	-32.91	-13.78	-14.07	Upgrade
Change in Working Capital	-13.8	-1.62	-0.01	0.03	0.2	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.