EROAD Cash Flow Statement

Financials in millions NZD. Fiscal year is April - March.

Millions NZD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-141.3	1.4	-0.8	-3	-9.6	2.5
Depreciation & Amortization	16.8	24.8	26	20.8	11.2	8.6
Other Amortization	38	28.9	27.1	22.7	17	16.7
Other Operating Activities	7.7	-0.3	-1.8	-13.1	0.3	-1
Change in Accounts Receivable	1.2	-1.3	1.7	-6.1	-10.4	2.7
Change in Accounts Payable	0.7	-8.2	8.3	0.4	0.5	0.2
Change in Unearned Revenue	-6.6	-1.7	-6.2	0.3	-0.4	-1.6
Change in Income Taxes	-0.1	-0.4	-1.4	2.1	-	-
Change in Other Net Operating Assets	0.5	-	-	-	-	-
Operating Cash Flow	51.6	43.2	52.9	24.1	8.6	28.1
Operating Cash Flow Growth	4.24%	-18.34%	119.50%	180.23%	-69.39%	21.64%
Capital Expenditures	-16.7	-13.4	-32.2	-27.5	-28.4	-4.7
Cash Acquisitions	-	-	-	-8.5	-72.4	-
Sale (Purchase) of Intangibles	-15.4	-17.5	-25.2	-31.1	-28.1	-18.1
Investing Cash Flow	-32.1	-30.9	-57.4	-67.1	-128.9	-22.8
Long-Term Debt Issued	-	-	2	52.7	32.1	1.7
Long-Term Debt Repaid	-	-13.1	-38	-15.5	-36.6	-4.1
Total Debt Repaid	-15.5	-13.1	-38	-15.5	-36.6	-4.1
Net Debt Issued (Repaid)	-15.5	-13.1	-36	37.2	-4.5	-2.4
Issuance of Common Stock	-	-	50	-	85	52.9
Other Financing Activities	-	-	-3.2	-	-3.4	-2.1
Financing Cash Flow	-15.5	-13.1	10.8	37.2	77.1	48.4
Foreign Exchange Rate Adjustments	0.2	0.1	0.1	-	-	-
Net Cash Flow	4.2	-0.7	6.4	-5.8	-43.2	53.7
Free Cash Flow	34.9	29.8	20.7	-3.4	-19.8	23.4
Free Cash Flow Growth	66.19%	43.96%	-	-	-	103.48%
Free Cash Flow Margin	17.66%	15.33%	11.37%	-1.94%	-17.23%	25.55%
Free Cash Flow Per Share	0.19	0.16	0.14	-0.03	-0.21	0.32
Cash Interest Paid	3.6	4.7	6.5	4.9	2.9	2.5
Cash Income Tax Paid	1.8	1.8	0.6	-	0.1	-
Levered Free Cash Flow	38.34	22.26	6.43	-38.04	-11.96	7.1
Unlevered Free Cash Flow	42.59	26.39	11.43	-34.41	-10.15	8.79
Change in Working Capital	-4.3	-11.6	2.4	-3.3	-10.3	1.3

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