Ares Strategic Mining Inc. (ARSMF)

Avid Bioservices Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net Income	-3.32	-2.93	-4.44	-4.96	-3.65	-2.22
Depreciation & Amortization	0.04	0.04	0.04	0.04	0.03	0.66
Loss (Gain) From Sale of Assets	-	-	-0.23	0.23	-	-
Loss (Gain) From Sale of Investments	-	-0.09	0.21	0.18	-	-
Stock-Based Compensation	-	-	1.3	1.97	1.47	0.52
Other Operating Activities	2.64	1.99	0.11	0.34	0.25	-0
Change in Accounts Receivable	-0.02	-0.03	0.02	0.01	-0.03	0.08
Change in Accounts Payable	6.1	1.96	0.06	0.4	0.04	-0.05
Change in Other Net Operating Assets	-3.27	-0.53	1.2	-0.02	0.03	-0.34
Operating Cash Flow	2.17	0.41	-1.73	-1.81	-1.87	-1.35
Capital Expenditures	-9.8	-16.03	-3.59	-3.19	-2.31	-1.15
Sale of Property, Plant & Equipment	-	-	0.04	0.08	-	-
Cash Acquisitions	-	-	-	-	-	-0.1
Investing Cash Flow	-9.8	-16.03	-3.55	-3.12	-2.31	-1.25
Short-Term Debt Issued	-	0.1	0.78	0.24	0.62	0.04
Long-Term Debt Issued	-	13.99	5.46	-	-	-
Total Debt Issued	3.01	14.08	6.24	0.24	0.62	0.04
Short-Term Debt Repaid	-	-	-	-	-	-0.03
Total Debt Repaid	-	-	-	-	-	-0.03
Net Debt Issued (Repaid)	3.01	14.08	6.24	0.24	0.62	0.01
Issuance of Common Stock	3.42	2.76	-	3.58	4.49	2.65
Other Financing Activities	-0.67	-0.69	0.52	-	-0.03	0.18
Financing Cash Flow	5.77	16.16	6.76	3.81	5.07	2.85
Foreign Exchange Rate Adjustments	0.18	0.02	0.05	0.11	0.02	-0.03
Net Cash Flow	-1.69	0.55	1.53	-1.01	0.92	0.22
Free Cash Flow	-7.63	-15.63	-5.32	-5.01	-4.18	-2.5
Free Cash Flow Per Share	-0.04	-0.10	-0.04	-0.04	-0.04	-0.05
Cash Interest Paid	1.23	1.23	0.33	0.05	-	0.05
Levered Free Cash Flow	-8.85	-16.55	-4.94	-3.97	-3.18	-1.47
Unlevered Free Cash Flow	-7.27	-15.3	-4.72	-3.94	-3.18	-1.47
Change in Working Capital	2.82	1.39	1.28	0.38	0.04	-0.31

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.