Calian Group Cash Flow Statement

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

Millions CAD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	20.56	11.18	18.89	13.6	11.16
Depreciation & Amortization	45.16	41.83	28.42	24.68	19.07
Other Amortization	1.54	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	6.48	-
Loss (Gain) From Sale of Investments	-0.38	-0.2	-0.31	-	-
Stock-Based Compensation	4.51	4.37	3.87	2.45	2.33
Other Operating Activities	-20.73	12.86	2.43	7.31	9.96
Change in Accounts Receivable	-11.99	15.12	24.68	-13.38	6.82
Change in Inventory	-4.02	2.8	-3.34	-4.34	-0.45
Change in Accounts Payable	8.71	-1.06	-17.95	15.14	-6.38
Change in Unearned Revenue	-1.88	-0.01	0.93	11.33	6.78
Change in Other Net Operating Assets	3.96	0.34	-0.83	-20.14	-2.75
Operating Cash Flow	45.43	87.22	56.78	43.14	46.54
Operating Cash Flow Growth	-47.91%	53.63%	31.60%	-7.31%	-
Capital Expenditures	-10.6	-11.8	-8.44	-7.15	-7.42
Cash Acquisitions	-39.09	-87.86	-68.49	-65.57	-48.76
Sale (Purchase) of Intangibles	-	-	-	-0.18	-0.43
Investment in Securities	-	-	-2.69	-	-
Investing Cash Flow	-49.69	-99.67	-79.62	-72.89	-56.61
Short-Term Debt Issued	-	-	-	7.5	-
Long-Term Debt Issued	41	52	30.25	-	-
Total Debt Issued	41	52	30.25	7.5	-
Long-Term Debt Repaid	-6.41	-5.29	-4.38	-3.66	-3.03
Total Debt Repaid	-6.41	-5.29	-4.38	-3.66	-3.03
Net Debt Issued (Repaid)	34.59	46.71	25.87	3.85	-3.03
Issuance of Common Stock	2.45	2.79	2.9	2.71	79.3
Repurchase of Common Stock	-25.51	-5.65	-1.67	-	-
Common Dividends Paid	-12.97	-13.35	-13.16	-12.77	-11.83
Financing Cash Flow	-1.43	30.5	13.94	-6.22	64.44
Net Cash Flow	-5.69	18.05	-8.91	-35.97	54.38
Free Cash Flow	34.84	75.42	48.34	35.99	39.12
Free Cash Flow Growth	-53.81%	56.03%	34.29%	-8.00%	-
Free Cash Flow Margin	4.50%	10.10%	7.34%	6.18%	7.55%
Free Cash Flow Per Share	2.99	6.32	4.12	3.16	3.68
Cash Interest Paid	8.6	6.64	0.9	0.75	-
Cash Income Tax Paid	13.94	11.37	13.06	13.11	10.93
Levered Free Cash Flow	13.85	121.24	22.9	53.3	56.81
Unlevered Free Cash Flow	19.22	125.38	23.46	53.76	57.32
Change in Working Capital	-5.22	17.18	3.49	-11.38	4.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.