Sol Strategies Cash Flow Statement

Financials in millions CAD. Fiscal year is October - September.

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	-50.11	-35.04	6.61	-6.28	0.36	-1.17
Depreciation & Amortization	10.23	10.23	-	0.04	0.19	0.07
Loss (Gain) From Sale of Assets	-	-	-0.05	-0.54	-	-
Asset Writedown & Restructuring Costs	27.56	27.56	-	-	-	-
Loss (Gain) From Sale of Investments	0.2	0	-2.23	5.24	-2.43	-0.25
Stock-Based Compensation	8.51	7.86	1.32	0.43	1.35	0.66
Other Operating Activities	-8.53	-20.4	-8.24	-0.03	0.51	-1.01
Change in Accounts Receivable	-1.1	-0.16	0.11	0.03	0.09	-0.07
Change in Accounts Payable	1.29	2.08	0.08	-0.08	-0.01	0.14
Change in Income Taxes	-4.31	-3.15	1.55	-	-	-
Change in Other Net Operating Assets	-	-	-	0.06	-0.05	-
Operating Cash Flow	-16.25	-11	-0.86	-1.13	0	-1.64
Capital Expenditures	34.3	-0.03	-	-	-0.38	-
Sale of Property, Plant & Equipment	-	-	0.01	1.17	-	-
Sale (Purchase) of Intangibles	-7.75	-7.75	-	-	-	-0.94
Investment in Securities	-0	0.83	7.18	-7.84	4.19	-1.98
Other Investing Activities	-84.13	-66.24	-5.68	-8.1	15.03	-9.16
Investing Cash Flow	-57.59	-73.2	1.51	-14.77	18.84	-12.08
Short-Term Debt Issued	-	16.16	-	-	-	1.16
Long-Term Debt Issued	-	27.2	-	-	-	-
Total Debt Issued	45.09	43.36	-	-	-	1.16
Short-Term Debt Repaid	-	-	-	-	-1.19	-
Total Debt Repaid	-7	-	-	-	-1.19	-
Net Debt Issued (Repaid)	38.09	43.36	-	-	-1.19	1.16
Issuance of Common Stock	70.58	40.81	0.17	-	0.01	13.87
Repurchase of Common Stock	-	-	-0.94	-0.71	-	-
Other Financing Activities	-35.86	-	-	-	-	-0.93
Financing Cash Flow	72.81	84.18	-0.77	-0.71	-1.18	14.1
Net Cash Flow	-1.03	-0.02	-0.12	-16.61	17.66	0.39
Free Cash Flow	18.05	-11.03	-0.86	-1.13	-0.38	-1.64
Free Cash Flow Margin	379.03%	-75.73%	-8.07%	-	-12.03%	-402.00%
Free Cash Flow Per Share	0.81	-0.55	-0.05	-0.06	-0.02	-0.10
Cash Income Tax Paid	-	-	-	-	-0.43	-
Levered Free Cash Flow	19.05	-0.7	8.04	-3.58	1.63	-1.52
Unlevered Free Cash Flow	21.75	1.3	8.04	-3.58	1.63	-1.52
Change in Working Capital	-4.12	-1.22	1.74	0.01	0.03	0.06

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