NorthX Nickel Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	-2	-35.79	-2.67	-2.45	-3.48	-0.73
Depreciation & Amortization	33.24	33.24	0	0	0.15	-
Other Amortization	-	-	-	-	1.06	-
Asset Writedown & Restructuring Costs	-32.75	-	-	-	-	0.16
Stock-Based Compensation	0.21	0.53	1.51	1.47	0.39	0.02
Other Operating Activities	-0	0.51	-1.03	-1.47	-	-
Change in Accounts Receivable	0.05	0.21	0.38	-0.49	-0.09	-
Change in Accounts Payable	-0.18	-0.12	0.01	0.13	0.01	0.22
Change in Other Net Operating Assets	0.05	0.07	-0.14	-0.76	-0.31	-0.77
Operating Cash Flow	-1.38	-1.35	-1.94	-3.57	-2.26	-1.1
Capital Expenditures	-0.26	-1.86	-6.58	-6.62	-0.11	-0.04
Other Investing Activities	-0.06	-0.98	1.61	2.65	-	-
Investing Cash Flow	-0.32	-2.84	-4.97	-3.97	-0.11	-0.04
Issuance of Common Stock	0.33	1.3	6.97	7.51	2.01	1.3
Other Financing Activities	0.95	0.89	2.07	1.87	-0.16	0.36
Financing Cash Flow	1.27	2.19	9.04	9.38	1.85	1.65
Net Cash Flow	-0.43	-2	2.13	1.84	-0.52	0.51
Free Cash Flow	-1.64	-3.21	-8.52	-10.2	-2.37	-1.14
Free Cash Flow Per Share	-0.05	-0.13	-0.60	-0.74	-1.44	-1.42
Levered Free Cash Flow	10.94	8.72	-	-7.63	0.67	-0.9
Unlevered Free Cash Flow	10.95	8.73	-	-7.57	0.67	-0.9
Change in Working Capital	-0.08	0.16	0.25	-1.12	-0.38	-0.55

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