FRA:ARB3 Cash Flow Statement

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

Millions CAD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	2.95	1.67	-0.39	-1.16	-3.29	-2.39
Depreciation & Amortization	1.42	1.47	1.38	0.99	0.37	0.15
Loss (Gain) From Sale of Assets	-0.16	-0.32	-0.1	0.03	0.01	-
Loss (Gain) From Sale of Investments	-0.33	0.63	0.28	0.16	-0.83	-0.28
Stock-Based Compensation	0.23	0	0.44	0.29	1.83	1.61
Other Operating Activities	-0.76	-0.16	0.6	0.21	-0.29	-0.01
Change in Accounts Receivable	0.49	-0.01	0.33	0.39	0.19	-0.03
Change in Inventory	0.11	-0.07	0.53	0.21	0.72	-
Change in Accounts Payable	0.03	0.4	-0.33	0.25	-0.67	0.06
Change in Unearned Revenue	1.87	1.87	-0.13	-0.17	0.15	-0.01
Change in Other Net Operating Assets	-0.11	-0.38	-0.02	0.4	-0.37	0.01
Operating Cash Flow	5.76	5.1	2.57	1.61	-2.19	-0.9
Operating Cash Flow Growth	77.89%	98.28%	60.19%	-	-	-
Capital Expenditures	-3.98	-1.04	-0.84	-1.78	-0.52	-1.01
Sale of Property, Plant & Equipment	0.12	1.35	0.25	-	-	-
Cash Acquisitions	-	-	-	0.13	-11.12	-
Investment in Securities	-	-	-	-	0.15	0.12
Other Investing Activities	-	-	-	-	-	-0.01
Investing Cash Flow	-3.86	0.3	-0.59	-1.65	-11.49	-0.89
Long-Term Debt Issued	-	-	0.09	-	8.68	0.36
Total Debt Issued	5.7	-	0.09	-	8.68	0.36
Short-Term Debt Repaid	-	-0	-0	-1.48	-0.82	-
Long-Term Debt Repaid	-	-0.98	-1.09	-2.67	-0.43	-0.28
Total Debt Repaid	-6.78	-0.98	-1.1	-4.15	-1.25	-0.28
Net Debt Issued (Repaid)	-1.08	-0.98	-1	-4.15	7.43	0.07
Issuance of Common Stock	-	-	-	3.15	6.87	3.04
Repurchase of Common Stock	-0.97	-0.69	-	-	-	-
Other Financing Activities	-	-	-	-0.03	-0.2	-0.09
Financing Cash Flow	-2.05	-1.66	-1	-1.03	14.11	3.02
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	-1.38
Net Cash Flow	-0.15	3.74	0.98	-1.07	0.43	-0.15
Free Cash Flow	1.78	4.06	1.74	-0.17	-2.71	-1.91
Free Cash Flow Growth	-18.10%	133.75%	-	-	-	-
Free Cash Flow Margin	8.78%	20.79%	8.84%	-0.88%	-70.63%	-
Free Cash Flow Per Share	0.02	0.04	0.02	-0.00	-0.04	-0.04
Levered Free Cash Flow	-0.38	2.95	0.75	-0.75	-4.68	-0.85
Unlevered Free Cash Flow	-0.1	3.3	1.14	-0.32	-4.57	-0.84
Change in Working Capital	2.4	1.81	0.37	1.09	0.02	0.03

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