Tropical Battery Company Cash Flow Statement

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

Millions JMD. 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	209.63	56.32	-154.48	135.2	197.01	88.33
Depreciation & Amortization	153.34	143.2	108.34	56.77	53.71	52.12
Other Amortization	49.78	58.45	2.05	-	2.02	2.02
Loss (Gain) From Sale of Assets	-4.67	-4.67	-2.36	-4.37	-4.5	-1.52
Loss (Gain) From Sale of Investments	-	-	-	-	-	-13.21
Stock-Based Compensation	24.01	26.77	89.73	-	-	-
Other Operating Activities	-89.54	-149.7	19.71	5.01	-10.59	0.26
Change in Accounts Receivable	-211.13	-430.41	-35.63	-39.06	-46.31	-51.32
Change in Inventory	354.06	92.53	-171.81	-134.68	-188.31	-308.98
Change in Accounts Payable	-2.2	271.98	244.76	28.27	61.64	219.52
Change in Other Net Operating Assets	67.27	-4.43	-478.21	-92.75	-95.44	1.65
Operating Cash Flow	550.55	60.05	-377.91	-45.61	-30.76	-11.13
Capital Expenditures	-190.2	-142.62	-112.65	-48.62	-18.3	-49.44
Sale of Property, Plant & Equipment	4.98	4.98	14.06	6.76	4.5	3.8
Cash Acquisitions	-	-	-3,069	-58.83	-	-
Sale (Purchase) of Intangibles	2.8	-	-5.21	-	-	-
Investment in Securities	-	-	-	-	-	8.21
Other Investing Activities	3.86	-	-99	-	-	-
Investing Cash Flow	-178.56	-137.64	-3,271	-100.69	-13.8	-37.43
Short-Term Debt Issued	-	80.61	1,392	-	-	-
Long-Term Debt Issued	-	6.45	4,182	278.07	200	-
Total Debt Issued	87.06	87.06	5,575	278.07	200	-
Short-Term Debt Repaid	-	-721.85	-1,392	-	-100	-
Long-Term Debt Repaid	-	-157.91	-174.77	-66.06	-35.88	-27.12
Total Debt Repaid	-1,035	-879.77	-1,567	-66.06	-135.88	-27.12
Net Debt Issued (Repaid)	-947.51	-792.71	4,008	212.01	64.12	-27.12
Issuance of Common Stock	643.46	643.46	-	7.61	-	-
Repurchase of Common Stock	-16.78	-16.78	-	-	-	-
Common Dividends Paid	-	-	-	-52	-25.26	-13
Other Financing Activities	13.56	-	-86.38	-	-	-
Financing Cash Flow	-307.27	-166.03	3,921	167.62	38.86	-40.12
Foreign Exchange Rate Adjustments	-7.51	-6.61	0.21	-	-	-
Net Cash Flow	57.21	-250.22	272.23	21.33	-5.71	-88.67
Free Cash Flow	360.35	-82.56	-490.55	-94.23	-49.06	-60.57
Free Cash Flow Margin	5.51%	-1.28%	-8.72%	-3.36%	-1.87%	-3.03%
Free Cash Flow Per Share	0.23	-0.06	-0.37	-0.07	-0.04	-0.05
Cash Interest Paid	477.8	497.19	443.5	74.56	51.24	35.16
Cash Income Tax Paid	13.29	13.29	5.7	0.09	2.58	6.46
Levered Free Cash Flow	219.84	-327.34	-271.72	-190.88	-141.49	-99.4
Unlevered Free Cash Flow	558.95	8.73	39.47	-144.28	-109.8	-71.51
Change in Working Capital	208	-70.32	-440.9	-238.22	-268.42	-139.14

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.