MTL Cannabis Cash Flow Statement

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

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 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	-3.1	6.83	2.45	-2.21	2.2	0.71
Depreciation & Amortization	6.05	6.29	3.73	0.7	0.74	0.31
Loss (Gain) From Sale of Assets	0.02	0.06	0.06	-	-	-
Asset Writedown & Restructuring Costs	-	0.17	-	-	-	-
Stock-Based Compensation	0.88	0.76	0.06	-	-	-
Provision & Write-off of Bad Debts	-0.01	-0.01	-0.48	1.72	1.9	-
Other Operating Activities	12.77	7.44	5.77	3.73	0.64	1.67
Change in Accounts Receivable	1.05	-3.05	4.43	-0.66	-5.17	-1.83
Change in Inventory	-4.12	-7.27	-1.62	-5.55	0.9	-0.84
Change in Accounts Payable	-6.05	5.2	-1.16	0.86	4.45	2.92
Change in Unearned Revenue	-	-	-	-	-	-0.51
Change in Income Taxes	-0.15	0.46	1.35	0.89	0.1	-
Change in Other Net Operating Assets	-1.39	1.35	-0.81	-0.19	-0.12	0
Operating Cash Flow	5.95	18.23	13.78	-0.71	5.63	2.44
Operating Cash Flow Growth	-64.82%	32.29%	-	-	130.81%	-
Capital Expenditures	-4.54	-6.18	-3.23	-0.57	-2.29	-1.41
Sale of Property, Plant & Equipment	0.69	0.69	0	0.1	0.04	-
Other Investing Activities	-	-	1.01	-	-	-
Investing Cash Flow	-3.85	-5.48	-2.21	-0.95	-3.66	-1.41
Short-Term Debt Issued	-	-	0	6	2.13	0.7
Long-Term Debt Issued	-	-	-	0.2	-	0.06
Total Debt Issued	19.42	-	0	6.2	2.13	0.76
Short-Term Debt Repaid	-	-4.77	-6.96	-2.68	-2.2	-0.69
Long-Term Debt Repaid	-	-3.65	-3.7	-1.89	-1.58	-1.26
Total Debt Repaid	-25.63	-8.42	-10.66	-4.57	-3.78	-1.95
Net Debt Issued (Repaid)	-6.21	-8.42	-10.66	1.63	-1.65	-1.18
Financing Cash Flow	-4.54	-8.42	-10.66	1.63	-1.65	-1.18
Net Cash Flow	-2.43	4.33	0.91	-0.03	0.33	-0.15
Free Cash Flow	1.41	12.05	10.55	-1.29	3.34	1.03
Free Cash Flow Growth	-88.95%	14.23%	-	-	224.45%	-
Free Cash Flow Margin	1.74%	14.34%	16.16%	-5.23%	15.08%	7.71%
Free Cash Flow Per Share	0.01	0.10	0.11	-0.04	-	-
Cash Income Tax Paid	0.85	0.64	1.46	-	-	-
Levered Free Cash Flow	-8.8	3.84	3.38	-3.01	-3.5	-
Unlevered Free Cash Flow	-4.86	8.39	6.89	-1.81	-2.71	-
Change in Working Capital	-10.66	-3.31	2.18	-4.65	0.16	-0.26

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