DroneShield Cash Flow Statement

Financials in millions AUD. Fiscal year is January - December.

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	3.52	-1.32	9.34	-0.95	-5.31
Depreciation & Amortization	8.31	3.35	1.51	0.9	0.49
Other Amortization	2.27	0.27	0.02	0.01	0.01
Loss (Gain) From Sale of Assets	-	-	0.01	0.06	0.03
Asset Writedown & Restructuring Costs	-	-	-	-0.07	0.13
Stock-Based Compensation	23.58	4.65	5.27	0.72	1.17
Provision & Write-off of Bad Debts	-	-	-	-	0.01
Other Operating Activities	3.42	-4.44	0.3	0.05	0.34
Change in Accounts Receivable	-18.14	-29.2	-0.63	-7.56	2.17
Change in Inventory	-22.58	-48.1	-14.85	1.98	-4.9
Change in Accounts Payable	12.32	5.46	2.92	0.09	-0.41
Change in Unearned Revenue	0.94	12.18	10.77	-	-
Change in Income Taxes	1.86	1.12	0.02	-	-
Change in Other Net Operating Assets	2.82	2.21	0.17	3	-0.04
Operating Cash Flow	15.94	-62.2	9.48	-1.77	-6.31
Capital Expenditures	-14.83	-6.36	-1.73	-0.83	-0.47
Sale (Purchase) of Intangibles	-16	-6.65	-	-	-
Investment in Securities	51.04	-156.84	-1.19	-	-
Other Investing Activities	8.12	4.59	0.97	0.02	-
Investing Cash Flow	28.34	-165.26	-1.95	-0.81	-0.47
Long-Term Debt Repaid	-0.54	-0.43	-0.55	-0.64	-0.12
Total Debt Repaid	-0.54	-0.43	-0.55	-0.64	-0.12
Net Debt Issued (Repaid)	-0.54	-0.43	-0.55	-0.64	-0.12
Issuance of Common Stock	0.6	244.87	41.94	3.7	-
Other Financing Activities	-0.54	-12.55	-2.28	-	0.04
Financing Cash Flow	-0.48	231.89	39.11	3.06	-0.09
Foreign Exchange Rate Adjustments	-3.04	1.5	-0.09	0.24	0.11
Net Cash Flow	40.77	5.92	46.55	0.72	-6.75
Free Cash Flow	1.12	-68.56	7.75	-2.6	-6.78
Free Cash Flow Margin	0.52%	-118.18%	14.30%	-15.39%	-63.95%
Free Cash Flow Per Share	0.00	-0.11	0.02	-0.01	-0.02
Cash Interest Paid	0.54	0.44	0.03	-	-
Cash Income Tax Paid	-1.93	1.73	-0.85	-2.09	-1.23
Levered Free Cash Flow	0.76	-69.2	-1.66	-2.34	-5.49
Unlevered Free Cash Flow	1.15	-68.91	-1.64	-2.34	-5.49
Change in Working Capital	-25.15	-64.7	-6.96	-2.49	-3.18

Source: S&P Global Market Intelligence. Standard template. Financial Sources.